Manager - Regulatory Reporting - RWA

The RWA production transformation programme has been initiated to rebuild the end-to-end RWA production process, including streamlining of the processes, centralisation of production, establishing a new data platform, and standardising calculation engines. The initiative entails creation of an end to end Operating model to: -

1. Deliver a new RWA production capability which provides RWA and related data as a service to provide - one version of truth- to customers across HSBC for downstream activities, as well as the Regulators

2. Deliver a significantly faster and efficient production process for RWA and related data that is less taxing on staff to execute

3. Deliver a reduction in the production timeline enabling RWA data availability by WD 8, with full reporting for external disclosure purposes within 12 WDs

4. Support enhanced business understanding and management of RWAs by providing business teams with a - self-service- option of required data to manage return on RWA more effectively

5. Ensure Data Quality Accountability is allocated across Global Business, Risk and Finance, driving greater transparency and clear definition of front line & Risk ownership and accountability. This will allow for continuous data quality improvement by enabling data to be corrected at source

Principal Accountabilities: Key activities and decision making areas

Typical Targets and Measures

Impact on the Business

Support the design a fit for purpose RWA data and metrics process in engagement with key stakeholders

Actively contribute to the development of common data platforms and utilities in close association with related workstreams

Participate in UAT to ensure consistency and efficiency in the processes, systems and outputs

Review, validate and adjust data to meet expected quality criteria

Proactively manage and improve the quality and consistency of the data

Review and analysis of key changes and the underlying business drivers to support disclosures and analyst queries

Ensure timely data sign-off by data owners and manage exceptions

Effectiveness of the data and output

Effectiveness of common data platforms and utilities

Effectiveness of the system and the processes

Quality of the analysis and commentary

Timely sign-off of the RWA data and metrics

Effectiveness of the UAT

Customers / Stakeholders

Establish strong working relationships with key stakeholders

Anticipates and addresses queries and concerns from stakeholders and resolves them in an effective manner

Positive feedback and improving engagement

Timely and effective resolution of all queries

Teamwork & Collaboration

Work as one team to deliver on the team's objectives

Support colleagues across teams and functions, sharing ideas, knowledge and supporting initiatives

Effectiveness of the team

Value added beyond immediate targets

Operational Effectiveness & Control

Develop and maintain robust operational control environment

Adherence to HSBC compliance standards

Anticipates and identifies existing or emerging risks / issues. Manages the tracking of requirements risks / issues / dependencies, and assesses the impact on the delivery. Proactive approach to process improvement

Minimal exceptions

Process efficiencies realised

Major Challenges (The challenges inherent in the role that require a continual test of the role holder's abilities)

Understanding complex data flows, the regulatory and accounting requirements

Communicating with stakeholders across functions in diverse locations and establishing working relationships

Absorbing concepts, defining the approach and developing processes with limited hand-holding

Pressure to deliver within fixed regulatory timelines in an environment of ambiguity

Role Context (The environment and operating conditions of the role including the extent of guidance and authority)

During the initial phase of the programme (Phase I), the jobholder will focus on the UAT, designing the process-flows and training the team members. During the subsequent phases, the focus shall be on successful roll-out along with data integrity and output quality management

The immediate team will be approximately 20 FTEs, working closely with the credit risk, systems and finance teams

The jobholder is expected to be a self-starter and able to adapt to changing demands as the project progresses