Job Description

Job description
Some careers open more doors than others.


If you're 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.


Business Descriptor:


Global Finance


Global Finance is integral to HSBC's purpose and strategy, playing a valued role in managing costs and deploying capital in the most effective way. Our global team of finance professionals partner with the business to provide trusted insights and forward looking analysis; accuracy; efficiency and control to frame and influence business decisions


Principal Responsibilities


The AVP regulatory reporting is a role within the regulatory reporting team of finance, which is responsible for preparation and initial review of various regulatory returns to be submitted to RBI to ensure compliance related to financial aspect.


The jobholder is expected to be aware of the RBI guidelines, regulations and various accounting standards and the constant changes to them. Key responsibilities include:


• To ensure correct and timely preparation of all RBI returns (for some returns be the first reviewer)
• Liaise with various stakeholders to ensure above
• Support during RBI onsite inspection
• Archival and retrieval of information on time
• Ability to understand RBI requirements (i.e interpretation and implementation of the requirements)

Principal Accountabilities: Key activities and decision making areas


Impact on the Business


• Preparing the returns to be submitted to RBI in line with RBI requirements/ guidelines
• To conduct a first level review on certain returns and prepare some returns, which would be submitted to RBI
• Statutory closing / certification / Long Form Audit Report
• Meeting the deliverables on Automated Data Flow (ADF) project.

Customers / Stakeholders


• Reserve Bank of India (RBI), India's Central Bank
• Business Group/ Functions
• Statutory Auditors
• Leadership & Teamwork : In this role, the job holder has primarily to do a lot of teamwork within the regulatory team, CAO team, finance team and outside finance with business/ functions to ensure compliance.
• Operational Effectiveness & Control
• Maintain HSBC internal control standards, implement and observe Group Compliance Policy and maintain awareness of operational risk and minimize the likelihood of it occurring
• Ensure proper filing and archival of records so that the same are available to the inspectors and to the senior managers at the time of discussion
• Look for opportunities for cycle time reduction and simplification
Requirements
• •2-5 years of work experience with international bank•
• •2-5 years of post qualified experience as a Chartered Accountant (this can be subsituted with more experience in relevant field, ie 6-10 years of experience)•
• •Good knowledge on RBI regulations•
• •Good knowledge on Indian Accounting Standards•
• •Good communication and presentation skills•
• •Strong analytical and excel skills•
• •Good interpersonal skills•

•Additional Information •


•As per the RBI mandated Capacity Building Certification Requirement for Bank, this role requires the candidate to have the required certification / equivalent qualification before the selection for the above role. Refer to RBI Mandated Capacity Building Policy on HR Direct.•
Useful Link

Link to Careers Site: Click HERE

You'll achieve more at HSBC.

HSBC is committed to building a culture where all employees are valued, respected and opinions count. We take pride in providing a workplace that fosters continuous professional development, flexible working and opportunities to grow within an inclusive and diverse environment.
Personal data held by the Bank relating to employment applications will be used in accordance with our Privacy Statement, which is available on our website.

•Issued by The Hongkong and Shanghai Banking Corporation Limited, India•