Job Description

Some careers shine brighter than others

If you’re looking for a career that will help you stand out, join HSBC and fulfil your potential. 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.

HSBC is one of the largest banking and financial services organizations in the world, with operations in 64 countries and territories. We aim to be where the growth is, enabling businesses to thrive and economies to prosper, and, ultimately, helping people to fulfil their hopes and realize their ambitions.

We are currently seeking an experienced professional to join our team in the role Assistant Vice President, Financial Accounting, Servco

Purpose of the role

Global Finance is integral to HSBC’s purpose and strategy, playing a valued role in managing finances and costs and deploying capital in the most effective way. Finance Operations (FinOps) is core to Global Finance and provides a variety of financial support services to Financial Control (In-Country) teams across the HSBC Group. The current open position is in Financial Accounting team that involves period end close, accounting controls, balance sheet substantiation and Financial Reporting leading into IFRS, FINREP, GSIB & CE reporting which is a key input into the Group Financial/Regulatory Reporting process. The role holder will be responsible for leading and managing the period end close process along with Saracen reporting and Balance sheet reconciliation & substantiation. In addition to leading and supervising the team’s performance and managing stakeholders, the role holder is required to drive strategic & tactical transformation within the process.

In this role, you will:

• Ensure control frame intact and all the Internal controls are adhered to in Fusion with proper substantiation, submission of Financials to the Financial Controller on a monthly basis with analysis and commentary (includes P&L and Balance Sheet as per Saracen).
• Strict adherence to Financial Control Manual and ensure that the accounting across HGSU and HGMS happens as per the applicable standards and guidance as laid down in Group FIM.
• Ensure completeness, accuracy of income / costs to facilitate accurate reporting of financial data. Closely monitor the funds position and ensure that the Forex risks are adequately covered under guidance from Financial Controller
• Be a strong team player and demonstrate Team management responsibilities with respect to, process delivery, team administration & motivation and career development of self and the team members
• Ensure submissions for surveys to external agencies/regulatory agencies (if any)
• Facilitate the various Audits (Internal, Group and Statutory) and ensure Smooth completion of Statutory and Internal Audits, Facilitate BS substantiation process and 2 Line of Defence (LoD) reviews that there are no adverse observations and the suggestions for improvement are actioned within the agreed timelines.

• Be the SME on Financial Accounting process knowledge and provide support in analyzing and assessing regulatory & accounting policy, data, process and system changes and lead the implementation
• Participate and lead calls with stakeholders for effective service delivery, demonstrate ability to resolve complex issues and provide accounting solutions and establish and maintain effective relationship with Business Partners and identify areas of service improvements by implementing regular calls and feedback mechanisms.

To be successful you will:

• Qualified or semi qualified Accountant (CA, CWA, ACCA), Accounting with 10+ years of experience in the financial services domain, should be proficient in financial statement closure procedures, also experience of assurance and compliance reviews/ SOX related reviews is preferred
• Strong leadership capabilities with a record of developing individuals and large teams
• Capability to understand, analyze and interpret numeric data, project management / PowerPoint and presentation skills
• Advanced technical skills (Xceptor, Python or other similar systems) including experience in Automation tools
• Would be responsible for ensuring assurance related to balance sheet accounts including substantiation and adherence to FIM
• Experience of interacting with internal and external auditors
• Good understanding of FTP, Saracen, Clear view
• Strong technical understanding of accounting principles and demonstrated competence in their application

You’ll achieve more when you join HSBC.

www.hsbc.com/careers

HSBC is an equal opportunity employer 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. We encourage applications from all suitably qualified persons irrespective of, but not limited to, their gender or genetic information, sexual orientation, ethnicity, religion, social status, medical care leave requirements, political affiliation, people with disabilities, color, national origin, veteran status, etc., We consider all applications based on merit and suitability to the role.”

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 HSBC Electronic Data Processing (India) Private LTD***