Avp - Finance

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**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** - Assurenet / Cadency Reporting, SARACEN Reporting,

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), Ledger Scrutiny

Preparation and submission of the FUSION reporting, Maintenance of Fixed Asset Register, GST reporting, Direct Tax reporting, Bank Payment transaction uploads, reviews and reconciliation, Cash flow management, Treasury operations.

**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.

**Accounting, Analysis, Reconciliation, Reporting and coordination**

Expense line wise analysis and commentary, provision analysis, prepaid expense analysis, Impairment testing and analysis,

Lease accounting and analysis

Coordination with senior members from finance and business teams.

Preparation of GST and Direct tax working

Deferred Tax Accounting

**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 accounting discipline/control. Create strong discipline within the finance department. Actively partnering with VP Finance in preparing and driving monthly financials for the business. Engage with the business teams in explaining the implications of incorrect reporting and ensure timely completion of 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.
- 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
- Expense line-wise / cost center wise analysis of actual cost
- 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 effective branch profitability report.
- Assist the line manager in complete fully loaded product P&L.
- Ensure