Avp - Finance

**Some careers open more doors than others.**

If you’re looking for a career that will unlock new opportunities, join HSBC and experience the possibilities. 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.

**Principal Accountabilities**:
**Role Purpose**

**Internal Controls** - Maintains HSBC internal control standards, including the timely implementation of internal and external audit points together with any issues raised by external regulators

**Preparation and submission of the entire Group reporting** - MI reporting - Flash & Actual P&L, Detailed Business MI pack with commentary, Customer Group wise reporting, TM1 reporting, Cost center wise reporting, AUM reporting - Asset class wise & customer groupwise.

Tracking, preparation and submission all the Quarter ending and Year ending Gather and group submissions

Preparation and providing detailed variance analysis (including commentary) for P/L, Balance Sheet, GSR (AUM), Runrate analysis, Forecast submission etc.

Preparation and submission of the Finance Resource Plan (FRP) including discussion, negotiations, challenging and convincing various stakeholders.

**Adherence to Group Compliance Policy**.

Awareness of the Operational Risk scenario associated with their role.

Internal local reporting - preparation of monthly EXCO pack for AMIN top team, Branch P&L, Focus 75 monitoring model, Risk Map submission.

Preparation and submitting monthly and adhoc requests from Local stakeholders, regional stakeholders, various reports to WPB business finance, INM Finance.

**Analysis** - Expense line wise analysis and commentary, commission analysis., Industry financial analysis

To evaluate the new / existing product profitability, prepare and review, Fully loaded P&L

Communication with senior members from finance and business teams.

**Impact on the Business**

**Custodian of MIS**: Ensure high quality of reporting to the Region/Group within the expected timelines. All the control activities in relation to the reporting are consistent with the Global AMG standard and practices. Appropriate mechanisms are in place to identify any weakness in the process and corrective actions should be implemented.

**Decision support system**: Drive cost discipline/control. Create strong discipline within the finance department. Actively partnering with VP Finance in preparing and driving AOP for the business. Engage with the business teams in explaining the targets set in the plan and support them in achieving the same.

Review of Financial reporting and process efficiencies
- Review and strengthen the financial reporting with timelines, recording and providing explanations for variance.
- Automation of processes in financial reporting.
- Tight monitoring of Seed capital investments in accordance with SEBI requirements.

Cost Saving Initiatives/Revenue generation initiatives
- Control/Monitor costs on an ongoing basis and highlight key issues concerning costs to the line manager.
- Provide ideas / suggestions to increase revenue / reduce cost
- Assist the VP Finance in driving the cost control initiatives and track the measures on a monthly basis for AMIN
- Increase usage of IT to reduce automation and thereby improve accuracy.

Analysis
- New/existing product profitability analysis.
- Expense line-wise / cost center wise analysis of actual cost vis-à-vis AOP
- Margin analysis of revenue.

FRP process
- Support Line Manager and CFO in FRP preparation.

Group and BRCM audits***
- Drives the timely completion of Group and BRCM audits and actionable emanating out of those audits.

**Metrics of measurement**
- Ensure automation of Financial process and thereby improve accuracy and authenticity of Financial figures.
- Timely reporting of Financial data to all stake holders.
- Number of analysis prepared and discussed.

**Customers / Stakeholders**

**Business partnering**: Assist VP Finance and AMIN CFP with corporate planning and development, like development of long term strategic plan, business segment evaluation, product evaluation etc. Preparation of qualitative and meaningful presentation for various senior visitors from the Region/Group. Assist VP Finance and CFO in managing the regulatory net worth of the business and help him in Capital planning and infusion as and when required. Any other adhoc assignment to facilitate VP Finance and CFO to present it to a larger audience (both internal and external)

**Customer and stakeholders**: Proactively manage the relationship with the key internal stakeholders to ensure that the operational requirements are met within the agreed timelines.

**Segment profitability reporting, Branch and Product Profitability**:
Ensure that segment revenue & expenses are appropriately entered and reported between MF/PMS (EPFO)/Advisory mandates and also between Insti vs Wholesale.
- Redefine and develop more ef