Location: Hyderabad/ Bangalore/ Chennai/ Gurugram
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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 Credit Risk IRR Delivery Lead
Business: Finance
Location - Hyderabad, Bangalore, Chennai and Gurugram, India
The Integrity of Regulatory Reporting (IRR) programme was mobilized to uplift the control environment around Regulatory Reporting. This role has responsibility for leading the IRR programme for Credit Risk regulatory submissions (owned by Finance) and other regulatory submissions within residual scope across various Risk Types and is accountable to the IRR Programme Director and Global Head of Financial and Regulatory Reporting Change.
The role requires extensive senior management engagement, operating in a global and functional matrix. The role also requires knowledge of and experience with a broad range of regulatory reporting. The role holder will be directly responsible for the following:
- Implementation of sustainable regulatory reporting framework, ensuring that the IRR control standards and design requirements are correctly and consistently implemented across the relevant scope of reporting in line with Regulatory Reporting & Data Policy requirements.
- Oversee end to end design and execution of the full scope of Cat1 returns for Credit Risk, including management of plan, budget, resources, and prioritization of key remediation activities, working in partnership with Value Stream delivery teams and sponsors.
- Work closely with, influence and challenge reporting and control teams such as Regulatory Reporting, Wholesale Credit, Financial Control, and programme partners such as Data Architecture Office and PRA Workstream.
- Manage all stakeholders within IRR and cross-functional such as DBS and Risk to ensure IRR objectives are met and control outcomes are robust and sustainable.
- Work closely with Global Businesses to ensure prioritized data issues are identified, agreed, understood, and remediated.
- Chair and present at key governance meetings such as IRR Steering Committees, Finance Risk and Control Management Meetings
- Prepare non-executive briefings papers for Audit and Risk Committees of the Board.
- Issue management and escalation.
- Team management including of service providers.
Strategy formation and execution
- Influence the programme strategy and facilitate decisions in alignment with that strategy.
- Support the Finance Executive Sponsor and front the change through Finance and broader stakeholder groups.
- Manage the definition/understanding of requirements and programme assurance as required.
- Drive operating model implementation, ensuring a robust, sustainable regulatory reporting framework.
- Trusted change partner with oversight & coordination responsibilities across indirectly managed implementation activity
Senior stakeholder management
- Ensure appropriate communication across Finance and wider internal governance reporting.
Principal responsibilities
Impact on the Business:
- Drive review and agreement of target operating model across all in-scope processes.
- Maintain strong, collaborative working relationships across Finance, Risk and other stakeholder groups.
- Facilitate Finance delivery programmes to deliver to agreed milestones.
- Disseminate information around expected business and reporting impacts, and key Programme decisions and issues.
- Consistent operating model and process
- Maintenance of HSBC’s good standing and the confidence of the Regulators in HSBC’s practices
- Engagement of all impacted teams
- Facilitation of key decisions and the resolution of issues in a timely manner.
Customers / Stakeholders:
- Engage, inform, and advise the programme sponsors.
- Inform and advise the Finance ExCo on the delivery commitments and facilitate senior executive decision making.
- Work with senior stakeholders across Finance & Risk to ensure direction of IRR is fully understood and syndicated.
- Work with DBS to ensure requirements are understood and delivery is appropriately prioritised.
- Support delivery programme teams in regard to specification of requirements, estimation of time and resources required and Roadmap and milestones.
- Sponsors have a clear view of programme portfolio and progress.
- Delivery teams have clarity on requirements and roadmap.
- Upstream dependencies understood and accepted.
- Feedback from sponsors and stakeholders is positive.
Leadership & Teamwork:
- Ability to sponsor change and influence others.
- Collaboration across Finance and with other Functions/Global Businesses involved in the programme.
- Identify and influence the deployment of appropriate Finance staff members on the programme.
- Actively manage talent, leadership development and succession planning
- Drive and lead a high-performance culture through effective people management activities.
- Act as a role model for the Bank’s Values and Behaviours and cultivate an environment that supports diversity and reflects the HSBC brand.
- Clearly communicate progress, issues, and successes
- Effective collaboration across Finance, Risk, and other stakeholder teams.
- Timely and appropriate programme decision-making, with related communication and/or escalation
- Balance programme requirements with development opportunities for staff members.
Operational Effectiveness & Control:
- Ensure implementation of effective and efficient operating model, process, and controls.
- Ensure execution of operational risk assessment of new processes
- To continually reassess the design decisions and inherent operational risks, taking account of changing economic or market conditions, legal and regulatory requirements, operating procedures and practices, management restructurings, and the impact of new technology.
- Champion the usage of the Group’s Change Framework.
- Participation in Operational Risk Assessments carried out as appropriate.
- Effective and efficient process and controls implemented.
- Proactive assessment of changing landscape, including regulatory publication
Major Challenges
- IRR is dependent on in-flight change initiatives to deliver the Controls uplift and Operating Model change. The role holder does not manage these programmes and has to cultivate a strong partnership and influence with each delivery programme. Requires ensuring planned delivery from each programme combines into a coherent IRR delivery for each reporting type and remaining alert to impact of delivery programme decisions.
- Balancing Programme objectives with delivery of new regulatory requirements in a cost-constrained environment
- Managing potentially conflicting agendas, priorities and timelines across functions and dependent programmes, as well as across geographic and regulatory jurisdictions
- Balancing functional requirements and delivery commitments within the realities of legacy global IT architecture
- Delivering a significant change initiative in a cost-effective manner, driving a simplification agenda
Role Context:
- Role is based in Global Finance and interfaces with other areas of Global Finance, Risk and DBS ( Digital Business Services )
- Ability to navigate and influence at senior levels to ensure successful delivery.
Management of Risk:
- The jobholder will also continually reassess the operational risks associated with the role and inherent in the business, taking account of changing legal and regulatory requirements, operating procedures and practices, management restructurings, and the impact of new technology.
- This will be achieved by ensuring all actions take into account the likelihood of operational risk events, and by addressing any areas of concern in conjunction with line management and/or the appropriate department.
- The role will implement the Operational Risk control framework and the BRCMs “Three Lines of Defense”.
Observation of Internal Controls:
- The jobholder will implement the Group compliance policy by containing compliance risk in liaison with Global Head of Compliance, Global Compliance Officer, Area Compliance Officer, or Local Compliance Officer. The term ‘compliance’ embraces all relevant financial services laws, rules, and codes with which the business has to comply.
- This will be achieved by adhering to all relevant processes/procedures and by liaising with Compliance department about new business initiatives at the earliest opportunity. Also, and when applicable, by ensuring adequate resources are in place and training is provided, fostering a compliance culture and optimising relations with regulators.
