Vice President - Regulatory Reporting - BFSI - CA/ICWA

Currently hiring for client based in Gurgaon

Co Name: Leading Banking MNC

Designation: VP/AP/Manager

Requirement: Looking for applicants with prior exposure into Regulatory Reporting/ RWA /Capital Reporting

Responsibilities: Accountabilities for Business, Customers and Stakeholders

- End-to-end process ownership, management of preparation and assurance of all BAU reporting requirements (internal and external) including local consolidated statutory IFRS/local GAAP financial statements (Annual Report & Accounts and Interim Report), local regulatory reporting, management and liquidity reporting, plus submissions into the HSBC Group reporting processes.

- Accurate and timely External Reporting to the market that drives shareholder, analyst and business partner views of HSBC UK.

- Works to ensure that the outputs are of a high quality, reflecting accepted regulatory policy and standards with transparent and robust control procedures that withstand internal and external scrutiny

- The delivery of analyses and reporting to the PRA covering regulatory, liquidity and financial returns, ensuring accuracy, and timeliness; including 'Ad Hoc' regulator requests

- The delivery of Regulatory MI for internal consumption within the Group/Bank and across the Global Businesses

- Maintain strong collaborative working relationship across Group / HBUK Functions

- Work with stakeholders within Finance and beyond to implement changes to regulatory policy and standards, deal with ad-hoc requirements, quantitative impact studies / consultations

- Responsible for the controls over the reporting processes and ensuring that control design is in line with HSBC's control framework and complies with all requirements (such as SOX).

- Key stakeholder in the interpretation of new requirements by policy teams.

- Support the final sign-off of reporting by the Regional Financial Controller and other accountable stakeholders (such as ALCM).

- Works closely with Data Operations for data issue remediation and the development of new reporting.

- Works jointly to resolve queries from Insights & Advisory and senior stakeholders

- Drives interaction and relationship with Investor Relations and Policy teams as required

Leadership & Teamwork

- Key member of the PRA and UK Regulatory Reporting team

- Support the overall performance of the team to ensure respond commercially in meeting the challenges of internal and external demands

- Develop and maintain relationships with the HBUK finance management as required to deliver the reporting

- Develop and maintain a deep pool of Regulatory production and reporting expertise with a commercial sense of continuous improvement

- Manage effective interactions with the Global Finance Centre

- Provide understanding of how technical accounting and reporting translates into operational processes

- Work collaboratively across teams, covering Data Operations, Reporting Operations, Accounting Operations, Systems Support, IT, Financial Control, Insight & Advisory

- Adopt new ways of working such as Agile, particularly in respect of change activities, and encourage the adoption of new technology within the reporting teams

Functional Knowledge

- Qualified accountant ( CA/ICWA) or MBA Finance from a reputed institute with 12-15 yrs. or M.com or equivalent degree with experience in Reporting/ Analysis

- Hands-on experience of Regulatory/liquidity/financial reporting process

- Experience that demonstrates ability to learn and apply complex/technical rules/frameworks, for example Basel 2, product/model valuation etc

- Strong written and oral communicate skills (English plus local language of country where the role is located).

- Ability to communicate complex ideas (e.g. relating to transactions/adoption of policies) in a simple manner to a global audience

- Understanding of control frameworks and how to implement effective controls in practice.

- Ability to deal with and analyse unstructured problems and queries and to question and challenge existing procedures.

- Good understanding of financial products and how they impact reporting requirement, and more generically the banking business, balance sheet and P&L.

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

Understanding and interest in how new technology may be leveraged to improve reporting processes and controls

What you'll do:

Operational Effectiveness & Control

- Pro-active approach to process improvement and query resolution

- To continually reassess the operational risks inherent in the business, taking account of changing economic or market conditions, legal and regulatory requirements, operating procedures and practices, management restructurings, and the impact of new technology.

- To implement the Group Compliance Policy by containing compliance risk in conjunction with the relevant compliance department. The term 'compliance' embraces all relevant laws, rules and codes with which the business has to comply.

- Manage regulatory and compliance matters and the management of operational risk within the reporting teams.

Major Challenges

- The increasing burden of new accounting, regulatory and disclosure requirements.

- The need to produce complex financial information in an environment governed by the requirements of the Sarbanes Oxley Act.

- The complex nature of the Group and the emerging and sometimes divergent and ad-hoc ways in which management wishes to review and disclose the financial data present substantial challenges.

- Improve and maintain the quality of financial information submitted by reporting sites requires detailed analysis and assessment of submissions

- Given the roadmap and end objective for FotC, this role is highly demanding in terms of efficiency improvement and reporting quality, from a regulatory and business perspective

- Management and prioritisation of deliverables within set amount of budget/resources defined by Global Head of Finance Operations/Legal entity CFO