Manager

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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 Manager

Business: Finance Function

Principal responsibilities

Global Finance is integral to HSBC's purpose and strategy, playing a valued role in managing costs and deploying capital in the most effective way. Global Finance Operation Centers (GFoC) is core to Global Finance and provides a variety of financial support services to key finance stakeholders across the HSBC Group.

Financial Reporting (FR) involves the analysis, design and implementation of externally disclosed financial information to the various stakeholders of HSBC Group. It also involves other Financial Regulatory reporting viz., Finrep, GSIB, leverage ratio.

Financial Reporting performs variety of tasks including reporting development, consolidation and finalisation of consolidated results, analytical reviews and document production.  The main responsibilities of this role are to deliver financial statements and data for external disclosures, but is also integral to the transformation programme.

FR function includes:

• Designing of Group Chart of Accounts and reporting developments, consolidation activities (consolidation adjustments, intercompany elimination, goodwill impairment test, data adjustment management), data assurance and analytical reviews (including CIA), document production and internal stakeholders Sign-off and related governance and control management
• Establishing reasonableness on the data populated by Operational accounting teams. 
• Engaging with Group led IFRS technical projects and lead the FR inputs to these projects, e.g. IFRS 9 etc.
• Continuous engagement with internal and statutory auditors on various aspects, including quarterly review and audit procedures apart from other specific projects.

The Opportunity:

Group Financial Reporting is responsible for managing Reporting development, performing Consolidating, Analyzing financial statements and Preparing and publishing of Europe financial statements for external Stakeholders including regulatory Authorities. The team is responsible for end to end ownership of key deliverables, including but not limited to Instructions letter, Adjustments, Journals, Assurance templates review, Consolidation / assurance checks, substantiate the IFRS and FINREP disclosure and to provide Sign-off to stakeholders.

What you'll do:

• Impact assessment around new (and changes to existing) reporting requirements and subsequent formulation of change requests which include GRCA/Non GRCA changes (New GRCAs/Customs, complex rules, eliminations across IFRS/FINREP/GSIB/LEV etc.) implemented in Saracen as part of quarterly change cycle.
• Supporting dry run instructions where data is collected in a separate environment for new disclosures (like
• Assisting Group Financial Reporting & RFR teams on changes during quarterly, interim and annual reporting cycles
• Testing and Review of change requests impacting Financial Reporting (and other areas) as part of quarterly change cycle. These include (but aren't limited to) GRCA/N-GRCA/Elimination Rules etc. in Saracen.
• Perform analytical review (in line with IFRS) and provide assurance on the quality and accuracy of data to be used for preparation and publication of Financial Statements and associated disclosures. The process involves performing appropriate analysis and logical checks to ensure there is reasonableness and consistency in data submissions, as also to identify any material errors and omissions.
• Understand the consolidation mechanism of complex and granular financial information required for IFRS and FINREP reporting Purposes.
• Prepare/review consolidation journals, manual returns (Detailed break-up/ commentary on numbers), ad hoc information and notes to the Accounts.
• Perform and review analytical review and commentary on primary statements, notes and other disclosures in the Annual Report & Accounts and Interim Report.
• Be a team player in supporting the planning and forecasting team activities (monthly and quarterly), wherever applicable.
• Periodic Review & Assessment of Controls in Helios to ensure they are up to date and MSIIs raised have defined resolution path.
• Review & governance around EUCs and SOPs to minimize operational risk.
• Responsible for reviewing and monitoring adequacy of internal controls in the process through CMPs and other assurance.
• Work closely and building strong relationship with multiple stakeholder
• Identify opportunities to increase efficiency and consistent of process.
• Ensure accuracy, completeness and validity of Consolidated data in the financial statements for the purpose of monthly and quarterly reporting
• Build mechanism to track data inconsistencies as early as possible in the reporting cycle and take remedial steps to correct them.
• To be flexible with duties to manage the peaks in the process.

Qualifications 

• CA with at least 5 yrs of relevant experience or Graduate / Post Graduate in Finance/Accounting with at least 8-10 yrs. of relevant experience in GRCAs/Financial Reporting/Operational Knowledge of IFRS/FINREP/GSIB reporting requirements and associated elements
• Experience in accounting/financial reporting.
• Working experience on Wdesk and Saracen would be an added advantage
• Person should have good understanding on consolidation of financial statements.
• The role ensures that controls are designed effectively and operate robustly such that they meet internal/external audit and regulatory expectations.
• Coordinate with Internal Audit, Assurance & Controls team for delivery of high quality review and assurance.
• Prior experience in controls office would be an added advantage.
• Ability to manage the service delivery of a designated processes
• Ability to understand numbers and their impact drive and achieve accuracies across report deliveries
• Excellent knowledge of MS Office suite (Excel, Access, PowerPoint and Word), Saracen and Hyperion
• Excellent Communication skills – Both verbal and written
• Knowledge of, and experience in planning and organizing techniques as well as in problem solving

What additional skills will be good to have?

• Co-ordination with business area and across business partners – strong inter personal skills
• Good Understanding of IFRS
• Exposure to multiple systems and database handling (Saracen/Hyperion etc.)

You'll achieve more at HSBC

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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