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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 VP 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 the constant changes to them.
Key responsibilities include:
- Responsible for compliance of BASEL requirement as specified by RBI and this requires coordination with Credit Services and Customer Groups.
- To monitor the RWA’s as per PRA/HKMA standards as required. Understand these requirements and prepare the packs prepared for the RMWG
- Identify opportunities to optimize capital usage to support business achieve optimal returns on regulatory capital investment
- Support during RBI onsite inspection
- Ability to understand RBI requirements (i.e interpretation and implementation of the requirements)
- To ensure correct and timely preparation of capital related RBI returns
- Archival and retrieval of information on time
Principal Accountabilities: Key activities and decision making areas
Impact on the Business
- Assist SVP –Reg Reporting in highlighting to management, including ALCO and its sub-committees, the impact on business due to changes in capital related regulations.Guidance on forecast capital adequacy position based on expected business performance and changes, to enable management to actively manage capital adequacy.
- 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
- Meeting the deliverables on Automated Data Flow (ADF) project.
Customers / Stakeholders
- Reserve Bank of India (RBI), India’s Central Bank
Business Group/ Functions
Business Finance team/LOB’s
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
