Assistant Vice President, Financial Accounting

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If you’re looking for a career that will help you stand out, join HSBC and fulfil your potential. Whether you want a career that could take you to the top, or simply take you in an exciting new direction, HSBC offers opportunities, support and rewards that will take you further.

HSBC is one of the largest banking and financial services organizations in the world, with operations in 64 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 realize their ambitions.

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

Purpose of the role: The role holder will be responsible for Managing complex accounting events such as manual journals, which are key to the ledger close, provide robust accounting and business insight into Trial Balance analysis, substantiation, exception management and book closure Managing monthly and quarterly IFRS/FINREP/GSIB/Regulatory and MI Reporting and manual returns for legal entity. Extensive involvement with all stakeholders. Engagement in process improvement and automation initiatives.

In this role, you will:

• Act as a Process Leader for one of the Financial Accounting work streams for the region and all legal entities within that. Act as a SME in the area of financial control & accounting and with end to end knowledge in closure of books per IFRS Extensive exposure in various aspects of Site Reporting (IFRS/FINREP/GSIB/Regulatory/ MI Reporting and Manual return) and have the ability to move to a hands-on approach.

• Demonstrate experience in analytical review. Undertake coordination with the regional finance teams for preparation of accounts, timely closure of GL, completion of Site Reporting. Operate within tight deadlines for production and reporting activities; at the same time not to compromise on accuracy.

• Establish and run a strong quality control framework for outputs and activities. Drive governance on exceptions and seek input from various stakeholders. Lead new projects/assignments/process: Proactively identify, drive, build & operate it as BAU and implement new technologies and drive process automation/ standardization.

• Collaborate with other departments to ensure end to end and satisfactory service delivery. Demonstrate the ability to prioritize and plan work in an efficient manner. Drive Transformation and Integration Initiatives

• Drive process improvement and efficiency, partnering with change management to support continuing process re-engineering initiatives.

• 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 proactively identify areas of service improvements by implementing regular calls and feedback mechanisms

• Ensure operational capability must be maintained all year round given the frequency of reporting periods (monthly plus additional requirements quarterly, half-yearly and annually). Effectively manage and support relationships with In-Country teams effectively.

• Ensure adherence to Group policies, IFRS reporting requirements, audit, controls and compliance requirements that also include and is not limited to Declaration of secrecy, data protection act, health, safety and security, clear desk policy .

• 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. Ensure robust back-up planning for uninterrupted service delivery.

To be successful you will:

• CA/CPA/ACCA/MBA/ICWAI with strong Financial Control and Stakeholder Management skills and strong background of IFRS norms are preferred. Overall post qualification experience of not less than 8-10 years for CA, MBA: 9-11 yrs Prior experience in month end closure processes and Site Reporting is required.
• Strong knowledge of month end closure & Reporting processes at Financial Institutions will be preferred.
• Proven track record of role in controllership in BFSI sector and sound knowledge of financial products and businesses such as Commercial Banking and Global Banking etc.
• Experience in managing mid-size teams in specialized functions. Working knowledge of FTP/HUB/Fusion etc.
• Experience that demonstrates ability to deliver BAU and Change/ Transformation Projects. Experience in policy interpretation and implementation
• Experience of working with processes involving US GAAP / HIGAAP/ IFRS understanding. Understanding of Global markets, products, securities etc.

You’ll achieve more when you join HSBC.

www.hsbc.com/careers

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.”

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