Vice President - Interest Rate Risk In Banking Book - Bank

Hiring for a leading Bank || Role : Vice President -IRRBB || Location : Gurgaon

The key responsibilities for this role include :

- To produce and review Interest Rate Risk reports, including NII sensitivity, EVE sensitivity, NTMR and other stress testing reports.

- The process involves liaising and engaging with site ALCM teams and requires good understanding of (1) financial products, (2) market product specific knowledge and (3) financial /management reporting (with balance sheet focus) (4) Basel III regulatory framework

- The role is also accountable for implementing new reports as per group framework and also for ensuring adherence of reports to the guidelines - internal & regulatory.

- Work on any new regulatory and management requirements, changes in existing model/ reports/requirements and prepare clear documentation for the same.

- Work closely with senior business stakeholders in understanding the criticality of their requirements, prioritization of tasks and plan accordingly

- Review the business requirements as well as functional requirement and prepare appropriate test cases to facilitate the UAT and DR for change projects

- Support the functional management in monitoring, strengthening process controls and management of risk control framework.

- Align practices with existing other teams in ALCM to embed global processes and standard EUC's

- Deliver on the standardisation and simplification initiatives through process synergies and realisation of cost saves through process re-engineering.

- Provide leadership to the ALCM IRRBB FinOps team through ongoing engagement, appropriate training, coaching interventions and facilitating transparent communication with stakeholders

Customers / Stakeholders :

- Regional ALCM, Site ALCM teams, Group ALCM teams, Global IRRBB Project team, Senior Management

- Understand stakeholders' (i.e. Country data analysis's, in-country teams) needs, identifying and implementing improvements in a continuous manner from a data standpoint.

- Establish and maintain effective relationship with business areas and identify areas of service improvements by implementing regular calls and feedback mechanism

- Influence and escalate key issues in an effective way to ensure timely resolution

- Continuous reviews of the issues and ensure products and services are tailored on an ongoing basis to meet expectation.

- Respond to queries from customer and senior group level management as appropriate

Leadership & Teamwork :

- To work effectively with varying levels of people in Finance Function, ALCM Programme work streams, PMO, IT as required.

- Ensure roles & tasks are clearly mapped and understood as relevant.

- Training the team to independently manage the process to ensure all variances are resolved and appropriate entries are suggested in line with in-country requirements

- Ensure reports produced are in line with group framework and onshore requirements

- Coach team to ensure performance metrics i.e. MI produced in line with requirements

- Ensure team is developed by undertaking a training needs analysis for each team member. Ensure personal development plans are in place covering product knowledge, technical and soft skills

- Communicate effectively with the team members and be a team player

- Represent IRRBB FinOps team in various committees and forums and act as delegate of Head of IRRBB FinOps reporitng, whenever required

Operational Effectiveness & Control :

- Continually assess operational risks inherent in the processes, taking account of changing procedures, staff movements, legal and regulatory requirements, management restructures, and impact of new technology.

- Effectively drive and manage change, plan business contingency and achieve cross-training

- Ensure that there is full compliance with the Global Finance FIM, Internal Control and Objectives

- Contribute to implementation of effective and efficient process and controls.

- Pro-active approach to process improvement and query resolution

Qualifications :

What you will need to succeed in the role :

- Qualified CA (Chartered Accountant)/CWA /CPA /CFA/ MBA (Finance)/ PGDBM-Finance with relevant experience in Treasury reporting, management reporting, global consolidation, financial analysis within IFRS and IAS reporting framework.

- Sound understanding of HSBC Balance Sheet, P&L, market products and line of business (specifically GBM)

- System knowledge - Excellent working knowledge of MS related products i.e. Excel, Power Point, Access and basic knowledge of SQL database (preferable). Knowledge of QRM is a significant plus.

- Ability to develop effective working relationships with stakeholders of different seniority and geographical location.

- Excellent communication skills and presentation skills are mandatory, as are good tact and diplomacy, as the role requires relationship management with other individuals and teams within the HSBC Group

- Confident to work effectively with stakeholders across the bank, driving and influencing outcomes to deliver activities on time and to progressively improve the efficiency of processes over the longer term.

- Coordination with multiple data sources and owners to ensure consistency of data across systems

- Understanding the regulatory environment, guidelines and new developments to assess impact on HSBC and the processes and implementing changes