Svp Regulatory Reporting

2 weeks ago


Gurgaon, India HSBC Full time

-Job description

**Some careers have more impact than others.**

If you’re looking for a career where you can make a real impression, join HSBC and discover how valued you’ll be.

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 **SVP Regulatory reporting.**

**Principal responsibilities**
- Basel 3.1 contains new regulatory requirements aimed to strengthen and address deficiencies in the current capital framework with PRA expected implementation from 2025. The most transformational aspect of these reforms is the ‘output floor’.
- The bank has a Basel 3.1 programme to implement these reforms globally ensuring a coordinated and consistent implementation approach.
- The role holder needs significant experience in dealing with senior and demanding stakeholders in Group and in the region (eg CROs, CFOs, Business Heads, etc), problem solving skills and good knowledge of capital planning rules and principles.

**Impact on Business**
- Coordination with programme workstreams, business units and functions to support integration of Basel 3.1 (i.e. two sets of RWAs) into BAU capital planning and forecasting, including stress testing and recovery and resolution planning.
- Lead the team which supports the activities of the Basel 3.1 Financial Resources Strategy Group (for optimisation) and chair the Group’s Basel 3.1 Capital Management Working Group for forecasting.
- Support and assist Business and regional mitigation work streams
- help identify and support capital optimisation initiatives and capital efficiency initiatives under local (primarily HKMA) and PRA rules.
- Support the production of capital related Management Information (MI) and internal reporting required to assess, plan and mitigate Day 1 and ongoing capital impacts.
- Liaise with global business and functions to ensure impact on capital requirements understood. Cascade expected impacts on key ratios (DL, CET1, RoTE etc.) to stakeholders.
- Support both internal and external reporting of capital related information as required by other functions (investor relations, regulatory liaison, and strategy).

**Customers / Stakeholders**
- Risk, Finance and Global & Local Business senior stakeholders for all capital management process related project deliverables within the programme.
- Responsible for the interactions with other programme workstreams, business units and functions. This will include ensuring alignment to the following:

- Group Capital Management
- Relevant MI and internal reporting teams

**Leadership & Teamwork**
- Value different perspectives, promoting an inclusive environment, valuing and leveraging diversity, collaboration and trust, being sensitive to other cultures
- Adopting a collaborative approach to working with other teams and organisations in all locations
- Promote the value of challenging the status quo, seeking to improve ways of working and having a forward-thinking mind-set, in line with the Local and Group’s Values and Strategy

**Operational Effectiveness & Control**
- Report process and workstream status to the capital management working group in a timely manner
- Ensure compliance with Sarbanes Oxley requirements (‘SOX’), where required.
- To continually reassess the operational risks inherent in the process, taking account of changing economic or market conditions, legal and regulatory requirements, operating procedures and practices, management changes, etc.
- Ensuring the integrity of all relevant financial and non-financial information presented.

**Role Dimensions**
- The Basel 3.1 Programme isa significant multi-year change project for the bank at both a local and global level
- This role requires a matrix management working style, coordinating the activities of multiple providing teams involved in the process and thus supporting the activities, output and requirements of the Capital Management function.

**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 economic or market conditions, 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 account of the likelihood of operational risk occurring. Also by addressing any areas of concern in conjunction with line management and/or the appropriate department.

**Observation of Internal Controls**:

- The Role holder will support the Capital Management team with the following as required:

- Maintains HSBC internal control standards, including timely implementation



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