Assistant Vice President- Financial Accounting

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If you’re looking for a career where you can make a real impression, join HSBC and discover how valued you’ll be.

HSBC is one of the largest banking and financial services organisations in the world, with operations in 62 countries and territories. We aim to be where the growth is, enabling businesses to thrive and economies to prosper, and, ultimately, helping people to fulfil their hopes and realise their ambitions.

We are currently seeking an experienced professional to join our team in the role of Assistant Vice President- Financial Accounting

Principal responsibilities:

Service Delivery

• Process Leader for one of the Financial Accounting work streams for the region and all legal entities within that.
• Should be a subject matter expert in Reporting, control & accounting and have an end-to-end knowledge.
• Should have extensive exposure in various aspects of Site Reporting (GRCA reporting and Manual return) and have the ability to move to a hands-on approach, where required.
• Involve in accounting control function to support the Bank’s financial, compliance and other management reporting processes regarding existing accounting policies, requirements, and initiatives.
• Handle accounting control operations for account reconciliation and substantiation as well as participate in financial system development projects.
• Monitor financial data integrity during system migration and assist in reviewing financial control design and implementation.
• Assist in the application and impact assessment of latest accounting standards for financial reporting and disclosures.
• Assist the finance functions for implementing the operational risk management initiatives according to Group guidance.
• Assist in evaluating and assessing the effectiveness of the internal controls of the accounting control function to mitigate financial reporting risk
• Work closely with auditors and business units on the implementation of corporate governance policies and procedures.
• Prior and strong experience of working on Credit Reporting, Movement table, Derivatives and related disclosures, and related applicable IFRS, FinRep and GSIB reporting requirements.
• Should have exposure on consolidations reporting process.
• Coordinate with the regional finance teams for preparation of accounts, timely closure of GL, completion of Site Reporting.
• Operate within tight deadline for production and reporting activities; at the same time not compromise on accuracy
• Establish and run a strong quality control framework for outputs and activities.
• Drive governance on exceptions. Seek inputs from various stakeholders
• Lead new projects/assignments/process: Identify, Drive, Build & operate it as BAU
• Connect with other departments for end to end and satisfactory service delivery.
• Ability to prioritize and plan work in an efficient manner

Risks & Controls

• Maintain defined operations Risk framework
• Adherence to Group policies, IFRS reporting requirements, audit, controls and compliance requirements.
• Ensure BC plan is documented, agreed with in Country team and tested for all the processes as agreed
• Responsible for timely update and maintenance of RCAs, BIAs, PLAs and ensuring all other documents like the SOPs are in place and updated.
• Robust back up planning for uninterrupted service delivery.

Customer/ Stakeholder

• Drive performance to agreed service levels and manage In-Country teams’ expectations in a timely and professional manner
• Establish and maintain effective relationship with business areas and identify areas of service improvements by implementing regular calls and feedback mechanism
• Operational capability must be maintained all year round given the frequency of reporting periods (monthly plus additional requirements quarterly, half-yearly and annually).
• Manage / Support In Country relationship effectively.

Key Customers

• In country FA teams
• Regional/ Group teams
• Global projects team
• Other internal customers
• Create an environment within the team which fosters free sharing of knowledge and ideas