Why join us?
ALCM is one of the specialist functions within Global Finance Operations. ALCM in FinOps
can be split into 2 distinct sub-specializations – Liquidity Reporting and Interest Rate Risk
Risk in the Banking Book (IRRBB) reporting. This role is being advertised for IRRBB team
within ALCM.
The Opportunity:
This role is part of the ALCM, IRRBB Reporting vertical. The key responsibilities for this role
include:
To produce the Interest Rate Risk reports, which includes Economic Value of Equity (EVE)
report & Net Interest Income (NII) report. The process involves liaising with various in-
country team members over email and phone. The role requires fair understanding of (1)
financial products, (2) market product specific knowledge and (3) financial /management
reporting (with balance sheet focus) (4) Basel III framework. The role is also accountable
for NII projections in a base or stressed environment, along with global stress-testing
requirements for HSBC. The role is also accountable for implementing new reports as per
group framework and also for ensuring adherence of reports to the guidelines – internal
& regulatory. Ensuring appropriate Reconciliation & Validation controls are in place and
applied to maintain consistency of accounting processes across the submissions. Aligns
practices with existing other teams in ALCM to embed global processes and standard
EUC’s. Providing instructions and best practice guidance to regional and global business
peers. Documenting clear basis of preparation for each aspect of the consolidation
process. Transition of processes/activities basis Target Operating Model (TOM).
What you’ll do:
To produce the Interest Rate Risk reports for assigned geographies, which includes
Economic Value of Equity (EVE) report & Net Interest Income (NII) report. The process
involves liaising with various onshore team members over email and phone. The role
requires good understanding of (1) financial products, (2) market product specific
knowledge and (3) financial /management reporting.
To setup QRM with the relevant parameters in order to produce NII forecasts in several
economic environments
To provide regions/sites with the information required in stress-tests
Fill FDSF templates for actuals and forecasts
Understand business requirements and interpret data to provide meaningful analysis to
facilitate business decision-making
Analyze business performance and provide commentaries
Acquire knowledge in banking/financial services
Identify opportunities for development and drive changes independently
Co-ordinate, work-closely with in-country finance teams across the globe
Performance Standards as defined in SLA met or exceeded
Customer Feedback
Timely and accurate calculation of ratios and reporting of MI.
Quality of the commentary
Training & development of minimum 10 days per annum
Re-engineering opportunities identified and implemented
Minimal errors Six Sigma approach
Weekly and monthly meetings scheduled and conducted
Feedback on service delivery received from Business Area
Requirements
What you will need to succeed in the role:
Pursuing CA Interns for Industrial training
Deep understanding of Balance Sheet and P&L
Strong analytical skills
Good understanding of financial products and how they impact finance operations and
more generically the banking business.
Excellent working knowledge of MS related products i.e. Excel, Power Point, Access.
What additional skills will be good to have?
Basic knowledge of SQL database (preferable).
Knowledge of QRM is a significant plus
Ability to communicate complex ideas in a simple manner to a global audience.
Ability to develop effective working relationships with stakeholders of different seniority
and geographical location.
Excellent communication skills and presentation skills are mandatory, as are good tact
and diplomacy, as the role requires relationship management with other individuals and
teams within the HSBC Group
You’ll achieve more at HSBC
HSBC is an equal opportunity employer committed to building a culture where all employees are
valued, respected and opinions count. We take pride in providing a workplace that fosters
continuous professional development, flexible working and, opportunities to grow within an
inclusive and diverse environment. We encourage applications from all suitably qualified persons
irrespective of, but not limited to, their gender or genetic information, sexual orientation,
ethnicity, religion, social status, medical care leave requirements, political affiliation, people with
disabilities, color, national origin, veteran status, etc., We consider all applications based on merit
and suitability to the role.”
Personal data held by the Bank relating to employment applications will be used in accordance
with our Privacy Statement, which is available on our website.
Issued By HSBC Electronic Data Processing (India) Private LTD***
We are currently seeking an experienced professional to join our team in the role Assistant Vice
President, IRRBB – Reporting, GSC’s
Principal responsibilities:
Independently produce & review the IRR reports including EVE report, NII report, and
NIM Actuals / Forecast reports.
Liaise with other IRRBB teams, site ALCM and support teams to ensure all relevant inputs
are received for IRR reports.
Ensure all variances are explained and interpret reports to provide meaningful analysis &
commentary along with presenting MI packs to facilitate business decision making.
Assist with execution and delivery of stress-tests exercises.
Identify improvement opportunities and drive changes.
Assist in implementing Target Operating Model for IRRBB FinOps
Present MI packs and engage with stakeholder to identify and implement improvements.
Influence & escalate key issues in an effective way to ensure timely resolution.
Manage expectation related to BAU, project and improvements.
Identify gaps within the processes and develop key controls in partnership with site
IRRBB, IT and control teams. Raise,
Proactively assess risks, raise MSII’s and resolve the same as per agreed timeline.
Requirements
Postgraduate/graduate with 8+ years of experience preferably in treasury / regulatory /
finance area.
IRRBB, Treasury, Regulatory / Financial Reporting, Global Markets background is
preferred.
Strong analytical skills, eye for detail, problem-solving skills, and experience in managing
large volumes of data with an ability to create data-driven story.
Strong presentation & communication skills along with the ability to liaise with
stakeholders across levels & teams.
Excellent working knowledge of MS Office suite related products i.e., Excel, Word, Power
Point.
Knowledge of SQL database and QRM application is a significant plus.
Ability to identify & mitigate risks by applying appropriate controls.
Proven experience of delivering automation, process improvement and supporting
project delivery
Ability to multi-task and work with tight deadlines.
