Manager - Risk Weighted Assets - Reporting - BFSI

Context:

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

The implementation approach involves establishing and operating a Centre of Excellence (CoE) to drive the production and analysis of RWA data. This role is focussed on supporting the CoE for RWA Production.

Role Summary:

The key responsibilities for this role include:

- Support the implementation of a robust and fit for purpose process to generate RWA related data and metrics

- Support the alignment with other workstreams such as RWA Data Production & Analysis Centre and Stress Testing to provide in identifying and implementing synergies

- Active participation in User Acceptance Testing to drive consistency and efficiency

- Support the review and validation of data against expected quality criteria, logging, investigating, escalating and resolving data quality issues

- Perform manual amendments, enrichments and overlays to ensure that the data is of the desired quality

- Facilitate data integrity by analysing and validating major movements

- Facilitate data sign-off by the data owners

- Support and guide colleagues through knowledge sharing and training

Major Challenges:

- 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:

- During the initial phase of the programme (Phase I), the jobholder will focus on supporting the UAT, and implementing the process. During the subsequent phases, the focus shall be on successful roll-out, maintaining data integrity and output quality

- 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

Management of Risk (Operational Risk / FIM requirements):

The jobholder will also continually reassess the operational risks and likelihood of operational risk occurring. This will be achieved by reviewing risks associated with the role and inherent in the business, taking account of changing global economic or market conditions, legal and regulatory requirements, operating procedures and practices, management restructuring, and the impact of new processes. Effective and timely remedial action should be evidenced.

Observation of Internal Controls (Compliance Policy / FIM requirements)

The jobholder will adopt the Group Compliance Policy by escalating any identified compliance risk in liaison with, Global Compliance Officer, Area Compliance Officer or Local Compliance Officer. The term - compliance- embraces all relevant financial services laws, rules and codes with which the business has to comply.

Technical Skill Requirements

- Qualified CA / CPA / ICWA / MBA (Finance) with 6-10 years of experience or an accounting graduate with 9-12 years of experience

- Prior experience in regulatory reporting background with a financial institution

- Strong Knowledge of regulatory environment, the regulators and their requirements

- Ability to understand, interpret, challenge and refine dataflow

- Hands-on data mining experience in an environment involving large volumes of data

Operational Requirements

- Experience in implementing, documenting and operating processes

- Operations management including process governance and stakeholder management

Personal Skill Requirements

- Good execution and problem solving skills

- Ability to work under pressure, report to tight deadlines and deal effectively with issues as they arise

- Effective Team Player - very collaborative, communicates progress, status and issues on a regular basis.

- Good communication skills

- High degree of motivation and commitment

- Ability to work in a dynamic environment and adapt to frequent and multiple changes