Svp - Group Consolidation

-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 - Group Consolidation.**

**Business: Finance.**

The Head of Group Consolidation (SVP) role will be an integral part of the core Group Financial Reporting management team and accountable to the Head of Group Financial Reporting for the completeness and accuracy of the Group consolidated financial statements. This includes accountability for:

- Core monthly consolidation process, including consolidation journals and quarterly reporting instructions, to produce consolidated HSBC Holdings plc financial statements;
- Identifying errors and issues, interpreting and assessing impact on financial statement disclosures, forming judgements and decisions, and keeping relevant wider team informed;
- Design and change management of our Group consolidation system;
- Optimisation, ongoing review and maintenance of Group Financial Reporting consolidation models, EUCs (End User Computing), controls, processes, financial reporting policies (FIM) and data lineage;
- Report build required to support the production of the Group ARA/Interim Report/Quarterly Earnings Release;
- Consolidation processes for Regulatory, Tax and Stress Testing (including Value in Resolution) purposes;
- Senior review of all deliverables from the Group Consolidation team and managing related risk; and
- Leadership and entity management responsibilities of the GSC India based teams supporting Group Financial Reporting

The role is a broad and varied role, requiring an understanding of the core consolidation concepts (in accordance with International Accounting Standards), bank’s business, performance, and balance sheet, as well as knowledge of how these are reflected in the different primary financial statements. The role requires continuous learning and a curious nature, to constructively challenge existing inputs, processes and outputs, and explore the use of new technologies to improve the production of external reporting primary financial statements and associated disclosures.

This role will be required to work closely and collaborate with teams across GSCs (Global Service Centers), as well as in-country, to share best practices and enable standardisation and consistency of approach for the Group and its major subsidiaries in relation to the external financial reporting consolidation processes.

**Principal responsibilities**:

- Responsible for the execution of monthly core end-to-end processes to produce consolidated financial statements for HSBC Holdings plc.
- Accountable to Head of Group Financial Reporting and work collaboratively with and provide support to Head of Group Reporting Developments to deliver robust financial reporting for the Group.
- Responsible for senior review of all deliverables from the Group Consolidation team. Identify errors and issues, interpret and assess impact on financial statement disclosures, form judgements and decisions, and manage related risk.
- Responsible for reviewing and re-defining the consolidation process where required to enhance controls and documentation, remove manual processes, and deepen the expertise and understanding of the teams supporting these processes to be able to effectively quality assure the associated outputs.
- Responsible for maintaining a robust control environment around the consolidation process to ensure completeness and accuracy including continuous monitoring and ensuring that control design, and operating effectiveness, is in line with HSBC’s control framework and complies with all requirements (i.e. SOX).
- Works closely with Finance Systems Operations and Maintenance, Innovation and Automation teams to ensure on-going process improvement, operational maintenance and support and ongoing change projects (i.e. implementation of new accounting standards) are effectively implemented and create sustainable processes for the BAU teams.
- Adopt and maintain One Financial Reporting mindset and collaborate closely with Regional Financial Reporting teams.

**Leadership & Teamwork**:

- Drive development of a deep pool of financial consolidation and reporting expertise, with an open mindset and culture of continuous improvement, curiosity and challenging the status quo.
- Leadership and co-ordination of the Group financial consolidation processes and timely and effective communication to wider Group Financial Reporting teams to ensure impact of processes, transactions, issues are widely understood.
- Leverage and