Assistant Manager – Finance Operations (credit Risk, RWA)

2 - 7 Years

Job Description

Role Purpose (overall high level summary of the role)
The RWA production transformation programme has been initiated to rebuild the end-to-end RWA production process, including streamlining of the processes, centralisation of production, establishing a new data platform, and standardising calculation engines. The initiative entails creation of an end to end Operating model to: -
1. Deliver a new RWA production capability which provides RWA and related data as a service to provide one version of truth to customers across HSBC for downstream activities, as well as the Regulators
2. Deliver a significantly faster and efficient production process for RWA and related data that is less taxing on staff to execute
3. Deliver a reduction in the production timeline enabling RWA data availability by WD 8, with full reporting for external disclosure purposes within 12 WDs
4. Support enhanced business understanding and management of RWAs by providing business teams with a self-service option of required data to manage return on RWA more effectively
5. Ensure Data Quality Accountability is allocated across Global Business, Risk and Finance, driving greater transparency and clear definition of front line & Risk ownership and accountability. This will allow for continuous data quality improvement by enabling data to be corrected at source

The implementation approach involves establishing and operating a Centre of Excellence (CoE) to drive the production and analysis of RWA data. This role is focussed on supporting the CoE for RWA Production
Role Summary
The key responsibilities for this role include:
Support the implementation of a robust and fit for purpose process to generate RWA related data and metrics
Support the alignment with other workstreams such as RWA Data Production & Analysis Centre and Stress Testing to provide in identifying and implementing synergies
Active participation in User Acceptance Testing to drive consistency and efficiency
Support the review and validation of data against expected quality criteria, logging, investigating, escalating and resolving data quality issues
Perform manual amendments, enrichments and overlays to ensure that the data is of the desired quality
Facilitate data integrity by analysing and validating major movements
Facilitate data sign-off by the data owners
Support colleagues through knowledge sharing and training
Principal Accountabilities: Key activities and decision making areas Typical Targets and Measures
Impact on the Business
Support the operationalization of the data and metrics process in engagement with key stakeholders
Participate in UAT to ensure consistency and efficiency in the processes, systems and outputs
Review, validate and adjust data to meet expected quality criteria
Proactively manage and improve the quality and consistency of the data
Ensure timely data sign-off by data owners and manage exceptions

Effectiveness of the data and output
Effectiveness of the system and the processes
Effectiveness of the UAT
Quality of the analysis and commentary
Timely sign-off of the RWA data and metrics

Customers / Stakeholders
Establish good working relationships with Business Partners
Addresses queries and concerns from stakeholders and resolves them in an effective manner
Positive feedback and improving engagement
Timely and effective resolution of all queries
Teamwork & Collaboration
Work as one team to deliver on the teams objectives
Support colleagues across teams and functions, sharing ideas, knowledge and supporting initiatives
Effectiveness of the team
Value added beyond immediate targets
Risk & Controls
Adherence to HSBCs compliance standards and requirements

No exceptions
Major Challenges (The challenges inherent in the role that require a continual test of the role holders abilities)

Understanding complex data flows, the regulatory and accounting requirements
Communicating with stakeholders across functions in diverse locations and establishing working relationships
Absorbing concepts, defining the approach and developing processes with limited hand-holding
Pressure to deliver within fixed regulatory timelines in an environment of ambiguity
Role Context (The environment and operating conditions of the role including the extent of guidance and authority)
During the initial phase of the programme (Phase I), the jobholder will focus on supporting the UAT, and implementing the process. During the subsequent phases, the focus shall be on successful roll-out, maintaining data integrity and output quality
The immediate team will be approximately 20 FTEs, working closely with the credit risk, systems and finance teams
The jobholder is expected to be a self-starter and able to adapt to changing demands as the project progresses

Knowledge & Experience / Qualifications (For the role not the role holder. Minimum requirements of the role.)
Technical Skill Requirements
Qualified CA / CPA / ICWA / MBA (Finance) with 3-6 years of experience or an accounting graduate with 6-9 years of experience
Prior experience in regulatory reporting background with a financial institution
Knowledge of regulatory environment, the regulators and their requirements
Ability to understand, interpret, challenge and refine dataflow
Hands-on data mining experience in an environment involving large volumes of data

Operational Requirements
Experience in implementing, documenting and operating processes
Operations management including process governance and stakeholder management

Personal Skill Requirements
Good execution and problem solving skills
Ability to work under pressure, report to tight deadlines and deal effectively with issues as they arise
Effective Team Player very collaborative, communicates progress, status and issues on a regular basis.
Good communication skills
High degree of motivation and commitment
Ability to work in a dynamic environment and adapt to frequent and multiple changes

Salary: INR 5,00,000 - 13,00,000 P.A.

Industry:Banking / Financial Services / Broking

Functional Area:Accounts, Finance, Tax, Company Secretary, Audit

Role Category:Accounts

Role:Chartered Accountant

Employment Type:Permanent Job, Full Time


Desired Candidate Profile

Please refer to the Job description above

Company Profile

M/s Gi Human Resources And Services Pvt. Ltd.

One of the leading Company In India
View Contact Details+

Recruiter Name:Prince Prabhakar

Contact Company:M/s Gi Human Resources And Services Pvt. Ltd.

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