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Business Descriptor:
Global Finance
Global Finance is integral to HSBC’s purpose and strategy, playing a valued role in managing costs and deploying capital in the most effective way. Our global team of finance professionals partner with the business to provide trusted insights and forward looking analysis; accuracy; efficiency and control to frame and influence business decisions
Principal Responsibilities
The AVP regulatory reporting is a role within the regulatory reporting team of finance, which is responsible for preparation and initial review of various regulatory returns to be submitted to RBI to ensure compliance related to financial aspect.
The jobholder is expected to be aware of the RBI guidelines, regulations and various accounting standards and the constant changes to them. Key responsibilities include:
- To ensure correct and timely preparation of all RBI returns (for some returns be the first reviewer)
- Liaise with various stakeholders to ensure above
- Support during RBI onsite inspection
- Archival and retrieval of information on time
- Ability to understand RBI requirements (i.e interpretation and implementation of the requirements)
Principal Accountabilities: Key activities and decision making areas
Impact on the Business
- Preparing the returns to be submitted to RBI in line with RBI requirements/ guidelines
- To conduct a first level review on certain returns and prepare some returns, which would be submitted to RBI
- Statutory closing / certification / Long Form Audit Report
- Meeting the deliverables on Automated Data Flow (ADF) project.
Customers / Stakeholders
- Reserve Bank of India (RBI), India’s Central Bank
- Business Group/ Functions
- Statutory Auditors
- Leadership & Teamwork : In this role, the job holder has primarily to do a lot of teamwork within the regulatory team, CAO team, finance team and outside finance with business/ functions to ensure compliance.
- Operational Effectiveness & Control
- Maintain HSBC internal control standards, implement and observe Group Compliance Policy and maintain awareness of operational risk and minimize the likelihood of it occurring
- Ensure proper filing and archival of records so that the same are available to the inspectors and to the senior managers at the time of discussion
- Look for opportunities for cycle time reduction and simplification
