As the Assistant Vice President for Finance and Operational Excellence at HSBC, you will oversee financial operations to ensure efficiency and accuracy. This position involves devising and implementing strategies to optimize financial workflows, enhance operational performance, and support business objectives. You will collaborate with multiple departments to streamline processes, improve financial reporting, and ensure regulatory compliance. Additionally, you will lead initiatives for continuous improvement, utilizing data analytics and best practices to drive operational excellence. Your expertise will contribute to the financial health and operational success of HSBC, delivering significant value to stakeholders and clients.
Key Dates
- Opening Date: 29-Nov-2024
- This is the date when applications for the job will be accepted, and you can begin the application process.
- Closing Date: 29-Dec-2024
- The deadline by which all applications must be submitted. Be sure to apply before this date to be considered for the role.
Location
- City: Chennai
- Country: India
- Office Setup: Hybrid Working
- Hybrid working means a combination of working from the office and remotely. The details of office attendance may be provided based on company policy or team requirements.
Area of Interest
- Primary Area: Finance
- Key Focus:
- The role is closely linked to the finance sector, where your expertise in Pega Systems and BPM will be applied to financial services and process automation.
- You’ll work with business process management tools to streamline workflows and improve the efficiency of financial operations.
Job Type
- Permanent Position:
- The job offers permanent employment with full-time status, meaning you will be a long-term employee with access to company benefits, job security, and professional growth.
Work Style
- Hybrid Working:
- The hybrid working model allows flexibility between office-based work and remote work. The exact balance may depend on the company’s policies and the needs of the team.
- Hybrid working is designed to provide a mix of flexibility and in-office collaboration.
Principal Responsibilities
As the Assistant Vice President in Finance Operations, you will be involved in various critical functions that contribute to the efficient operation of HSBC’s financial processes. The key responsibilities include:
- Intercompany Reconciliation & Documentation:
- You will be responsible for investigating various intercompany reconciliation processes and ensuring that back-up documentation for reconciliations and schedules are accurate and properly maintained.
- Financial Statement Closure Procedures:
- The role requires proficiency in financial statement closure procedures to ensure timely and accurate closing of financial records and accounts.
- Derivatives Reconciliation & Accounting:
- Hands-on knowledge and experience in derivatives reconciliation and accounting structures related to trading books will be essential for this role.
- Intercompany Accounting & Processes:
- You will be expected to have a deep understanding of intercompany accounting and the related processes, which will help in ensuring the smooth functioning of financial operations across the organization.
- Variance Analysis:
- Your role will also involve performing detailed variance analysis of intercompany accounts and identifying discrepancies or issues that may arise during reconciliation.
- Adherence to Compliance Requirements:
- It is important to ensure that the financial operations adhere to audit, assurance, and compliance requirements to meet regulatory standards.
- Saracen GRCA & Intercompany Accounts:
- Experience with Saracen GRCA and other intercompany-related accounts is required, ensuring the correct processing of financial transactions and the associated FSLI (Financial Statement Line Items).
Requirements for the Role
To be considered for the Assistant Vice President – Finance Operations position, candidates should possess the following qualifications and experience:
- Educational Qualifications:
- A Chartered Accountant (CA), CPA (Certified Public Accountant), MBA in Finance, or a Finance Graduate with 5-6 years of relevant work experience is required. These qualifications will provide the foundational knowledge needed for the role.
- Technical Knowledge:
- A good understanding of financial systems such as Fusion, FTP, PSGL is crucial to efficiently manage financial operations within the organization.
- Accounting Principles & Application:
- A strong technical understanding of accounting principles and the ability to apply them to ensure proper recording and reporting of financial data.
- Risk Management Knowledge:
- The role demands the ability to understand and implement HSBC’s risk management policy to mitigate financial risks and maintain smooth operations.
- Experience with Auditors:
- Candidates should have prior experience in interacting with internal and external auditors to ensure compliance with organizational and regulatory requirements.
- Accounting, Analysis & Reconciliation Skills:
- Strong skills in accounting, analysis, and reconciliation are essential for the role to ensure that financial records are accurate and discrepancies are promptly resolved.
- Analytical Review Skills:
- The role requires excellent analytical review skills, with the ability to add value to customer deliverables through a thorough understanding of the business and by thinking laterally to provide creative solutions.