Job Description

Job description

The health and safety of our employees and candidates is very important to us. Due to the current situation related to the Novel Coronavirus (COVID-19), were leveraging our digital capabilities to ensure we can continue to recruit top talent at HSBC. As your application progresses, you may be asked to use one of our digital tools to help you through your recruitment journey. If so, one of our Resourcing colleagues will explain how our video-interviewing technology will be used throughout the recruitment process and will be on hand to answer any questions you might have.

Some careers open more doors than others.

If youre looking for a career that will unlock new opportunities, join HSBC and experience the possibilities. Whether you want a career that could take you to the top, or simply take you in an exciting new direction, HSBC offers opportunities, support and rewards that will take you further.

Principal Accountabilities:

Role Purpose

Internal Controls - Maintains HSBC internal control standards, including the timely implementation of internal and external audit points together with any issues raised by external regulators

Preparation and submission of the entire Group reporting - Assurenet / Cadency Reporting, SARACEN Reporting,

Tracking, preparation and submission all the Quarter ending and Year ending Gather and group submissions

Preparation and providing detailed variance analysis (including commentary) for P/L, Balance Sheet, GSR (AUM), Ledger Scrutiny

Preparation and submission of the FUSION reporting, Maintenance of Fixed Asset Register, GST reporting, Direct Tax reporting, Bank Payment transaction uploads, reviews and reconciliation, Cash flow management, Treasury operations.

Adherence to Group Compliance Policy.

Awareness of the Operational Risk scenario associated with their role.

Internal local reporting - preparation of monthly EXCO pack for AMIN top team, Branch P&L, Focus 75 monitoring model, Risk Map submission.

Preparation and submitting monthly and adhoc requests from Local stakeholders, regional stakeholders, various reports to WPB business finance, INM Finance.

Accounting, Analysis, Reconciliation, Reporting and coordination

Expense line wise analysis and commentary, provision analysis, prepaid expense analysis, Impairment testing and analysis,

Lease accounting and analysis

Coordination with senior members from finance and business teams.

Preparation of GST and Direct tax working

Deferred Tax Accounting

Impact on the Business

Custodian of MIS: Ensure high quality of reporting to the Region/Group within the expected timelines. All the control activities in relation to the reporting are consistent with the Global AMG standard and practices. Appropriate mechanisms are in place to identify any weakness in the process and corrective actions should be implemented.

Decision support system: Drive accounting discipline/control. Create strong discipline within the finance department. Actively partnering with VP Finance in preparing and driving monthly financials for the business. Engage with the business teams in explaining the implications of incorrect reporting and ensure timely completion of the same.

Review of Financial reporting and process efficiencies

• Review and strengthen the financial reporting with timelines, recording and providing explanations for variance.
• Automation of processes in financial reporting.
• Tight monitoring of Seed capital investments in accordance with SEBI requirements.

Cost Saving Initiatives/Revenue generation initiatives

• Control/Monitor costs on an ongoing basis and highlight key issues concerning costs to the line manager.
• Assist the VP Finance in driving the cost control initiatives and track the measures on a monthly basis for AMIN
• Increase usage of IT to reduce automation and thereby improve accuracy.

Analysis

• Expense line-wise / cost center wise analysis of actual cost
• Margin analysis of revenue.

FRP process

• Support Line Manager and CFO in FRP preparation.

Group and BRCM audits

• Drives the timely completion of Group and BRCM audits and actionable emanating out of those audits.

Metrics of measurement * Ensure automation of Financial process and thereby improve accuracy and authenticity of Financial figures.

• Timely reporting of Financial data to all stake holders.
• Number of analysis prepared and discussed.

Customers / Stakeholders

Business partnering: Assist VP Finance and AMIN CFP with corporate planning and development, like development of long term strategic plan, business segment evaluation, product evaluation etc. Preparation of qualitative and meaningful presentation for various senior visitors from the Region/Group. Assist VP Finance and CFO in managing the regulatory net worth of the business and help him in Capital planning and infusion as and when required. Any other adhoc assignment to facilitate VP Finance and CFO to present it to a larger audience (both internal and external)

Customer and stakeholders: Proactively manage the relationship with the key internal stakeholders to ensure that the operational requirements are met within the agreed timelines.

Segment profitability reporting, Branch and Product Profitability:

Ensure that segment revenue & expenses are appropriately entered and reported between MF/PMS (EPFO)/Advisory mandates and also between Insti vs Wholesale.

• Redefine and develop more effective branch profitability report.
• Assist the line manager in complete fully loaded product P&L.
• Ensure appropriate allocation of costs between Insti vs Wholesale and MF vs PMS
• Ensure accurate and timely submission of all group reports within the agreed timelines to Saracen and Gather

New product P&L:

• Review and assist in reviewing the P&L of new product launches / re-launches
• Prepare and assist CFO in reviewing brokerage structure.

Metrics of measurement * Ensure a satisfactory rating from other departments vis-\xc3\xa0-vis agreed SLAs

• Ensure that there are no issues arising out non-reply / non-submission of data/ report to various stakeholders

Leadership & Teamwork

Self-Development, Teamwork and Training

• Attend Training based on training needs as identified by self and as approved by the Line Manager
• Mandatory completion of training as assigned by Group.

Metrics of measurement

1 Timely completion of mandatory training.

Operational Effectiveness & Control

Achieve high standards with respect to routine processes:

• No material breaches in internal policies in areas managed by Finance.
• No adverse comments with respect to non-compliance with any requirements set out in the Finance FIM / Fiduciary FIM
• Consistency and accuracy of the data entered into multiple systems
• Contribution of simplification project.

Automation: Drive the automation of financial process and systems. Ensure the department task are managed efficiently and supported by effective and efficient system. Revisiting various activities and if required discontinue and divert the resources for better value added activities.

Maintenance of Manuals and guidelines and ensure high standards of financial control: Drive and deliver updation of the relevant section of Local finance manual. Implement operational risk review observation, if any

Operational Risk : Implement operational risk review observation, if any

Metrics of measurement * No material breaches in the internal policies in the areas managed by Finance

• To obtain an internal audit rating no lower than satisfactory, as and when conducted.
• Consistency and accuracy of reporting in multiple systems is the key for successful MI reporting

Major Challenges:

• Clean report in all forms of audit (both Regulatory and Group)
• Sign-off of P&L new product launched Engage with the management and also with the auditors, both internal and external to meet organizational priorities on financial control

Role Context

• The role will be based out of HSBC Asset Management - Head Office at V N Road office, Mumbai
• This role has no/negligible interaction with external stakeholders (except auditors)
• Control and reconciliation of Financial Account, Tax matters, MIS, AOP

Management of Risk

• Adheres to processes and controls to identify and mitigate risks and ensures timely escalation of control issues and reputation risks.

Observation of Internal Controls (Compliance Policy / FIM requirements)

• Maintains HSBC internal control standards and addresses audit points and/or any issues raised by regulators in a timely manner.
• Understands, follows and demonstrates compliance with all relevant internal and external rules, regulations and procedures that apply to the conduct of the business in which the jobholder is involved, specifically Internal Controls and any Compliance policy including, inter alia, the Group Compliance policy.

Requirements

. Knowledge & Experience / Qualifications :

• Professional qualification in Accountancy or Management Graduation (CA/MBA)
• Work experience of 3 years in the BFSI space

Useful Link

Link to Careers Site: Click

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Issued by HSBC Global Asset Management (India) Private Ltd

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