Manager – ALCM Operations,GSC’S Job For 4-7 Year Exp In HSBC India – 3020058

• ALCM is one of the specialist functions within Global Finance Operations. ALCM in FinOps can be split into 2 distinct sub-specializations – Liquidity Reporting and Interest Rate Risk in the Banking Book (IRRBB) reporting.

• Liquidity Reporting is a vital component in assessing the bank’s vulnerabilities, determining liquidity and funding risk through various Basel metrics and thereby the resilience of the bank through improved risk management. As such, the role holder will operate within one of the most complex Finance and Risk management processes within the bank, with results driving liquidity positions & requirements and the potential to affect our reputation, curtail dividends and impact the share price. Liquidity Reporting is a strategic and regulatory priority with ever increasing expectations.

Role Summary

• This role is part of the ALCM, Liquidity Reporting vertical. The key responsibilities for this role include:
• To produce and review Liquidity reports, which includes Liquidity Coverage Ratio (LCR) report, Net Stable Funding Ratio (NSFR) report, Prudential Regulatory Authority 110, Internal Liquidity Metric (ILM), Additional Monitoring Metrics (AMM) report, ALCO packs and other liquidity reports viz. Depositors Conc, Term Funding etc.
• The process involves liaising with in-country team members over email and phone. The role requires good understanding of (1) financial products, (2) market product specific knowledge and (3) financial /management reporting (with balance sheet focus) (4) Basel III framework
• The role is also accountable for implementing new reports as per group framework and also for ensuring adherence of reports to the guidelines – internal & regulatory.
• Ensuring appropriate Reconciliation & Validation controls are applied to maintain consistency of accounting processes across the submissions
• Aligns practices with existing other teams in ALCM to embed global processes and standard EUC’s
• Providing instructions and best practice guidance to peers
• Documenting clear basis of preparation for each aspect of the consolidation process

What you’ll do:
Principal Accountabilities: Key activities and decision making areas
Typical Targets and Measures
Impact on the Business

• To produce and review the Liquidity Risk reports for assigned geographies, which includes Liquidity Coverage Ratio (LCR) report, Net Stable Funding Ratio (NSFR) report, Additional Monitoring Metrics (AMM) report, ALCO packs and other liquidity reports viz. Depositors Conc, Term Funding etc. The process involves liaising with various onshore team members over email and phone The role requires good understanding of (1) financial products, (2) market product specific knowledge and (3) financial /management reporting (with balance sheet focus) (4) Basel III framework
• To have a good understanding of GLRS systems viz. Moodys, Finarch and Big Data
• To provide sites with various liquidity monitoring reports viz. Wholesale Mismatch Report, daily LCR etc
• Understand business requirements and interpret data to provide meaningful analysis to facilitate business decision-making
• Analyse business performance and provide commentaries
• Acquire knowledge in banking/financial services
• Identify opportunities for development and drive changes
• Co-ordinate, work-closely with in-country finance teams across the globe
• Performance Standards as defined in SLA met or exceeded
• Customer Feedback
• Quality of the commentary
• Training & development of minimum 10 days per annum
• Re-engineering opportunities identified and implemented
• Minimal errors Six Sigma approach
• Weekly and monthly meetings scheduled and conducted
• Feedback on service delivery received from Business Area

• Quality of contributions to liquidity reporting activities
• Effective support of overall engagement
• Accurate and timely management of risks, issues and dependencies
• Clear communication to stakeholders
• Effectiveness of control framework

Customers / Stakeholders

• Site ALCM teams, Group ALCM teams, Global Liquidity Reporting Project team.
• Understand stakeholders (i.e. Country data analysis’s, in-country teams) needs, identifying and implementing improvements in a continuous manner from a data standpoint.
• Establish and maintain effective relationship with business areas and identify areas of service improvements by implementing regular calls and feedback mechanism
• Influence and escalate key customer issues in an effective way to ensure timely resolution
• Continuous reviews of the customer issues and ensure products and services are tailored on an ongoing basis to meet expectation.
• Ensure MI is provided to and easily understood by in-country teams – site ALCM and BSM desks
• Respond to queries from customer and senior group level management as appropriate

• Positive contribution to support interactions
• Positive feedback and improving engagement

Leadership & Teamwork

• To work effectively with people in Finance Function, ALCM Programme work streams, PMO and IT as required.
• Independently manage the process to ensure all variances are resolved and appropriate entries are suggested in line with in-country requirements
• Ensure reports produced are in line with group framework and onshore requirements
• Coach the junior staff to ensure performance metrics i.e. MI produced in line with requirements
• Ensure participation contribution to the training plan modules laid down by the senior management
• Communicate effectively with the team members and be a team player

• Effective collaborating across team at relevant level of the organisation
• Effective organisation and engagement

Operational Effectiveness & Control

• Adherence to Group policies, audit, controls, and compliance requirements including but not limited to Declaration of secrecy, data protection act, health, safety and security, clear desk policy
• To continually assess the operational risks inherent in the processes, taking account of changing operating procedures, staff movements, legal and regulatory requirements, management restructures, and the impact of new technology.
• Effectively manage change, plan business contingency and achieve cross-training
• Ensuring BCP plan is documented, agreed with business partner and tested as per agreed timelines
• Ensure all SOP’s are in place and updated appropriately
• Ensure right first time processes/checks in place for MI production
• Ensure control processes are in place to maintain data integrity.

• Effective value adding contribution to the design of regulatory interaction processes
• Production of governance MI’s
• Quality and completeness of contributions
• Positive contribution to data used for liquidity reporting. Quality and accuracy of data

Major Challenges (The challenges inherent in the role that require a continual test of the role holder’s abilities)

• Strong communication skills on a business and technical level.
• Broad role encompassing all customer groups, business lines and risk categories as well as a wide range of regulatory requirements.
• Environment of significant ambiguity and pressure to provide expertise on upcoming requirements within short timescales, and within a changing regulatory environment
• Defining the approach and dealing with complex and at times conflicting requirements
• Management and control of multiple complex global planning & regulatory liquidity reporting requirements
• Ensure that potential risk areas are accurately recognised and provide assurance that solutions are delivered in a timely, concise and apposite report, the jobholder needs to have independence of thought and lateral thinking.
• The jobholder must be able to communicate efficiently in the technical as well as non-technical, business world, and relate to the needs of both.

Role Context (The environment and operating conditions of the role including the extent of guidance and authority)

• The demand for, both internally and externally. Internal demand comes from senior management. External demand comes from regulatory requirements
• There is an opportunity to align the processes to leverage the synergies that exists in the respective processes
• The individual is expected to develop, explain and foster best practice required to achieve this objective in this area

Management of Risk (Operational Risk / FIM requirements)

• The jobholder will also continually reassess the operational risks and likelihood of operational risk occurring. This will be achieved by reviewing risks associated with the role and inherent in the business, taking account of changing global economic or market conditions, legal and regulatory requirements, operating procedures and practices, management restructurings, and the impact of new processes. Effective and timely remedial action should be evidenced.

Observation of Internal Controls (Compliance Policy / FIM requirements)

• The jobholder will adopt the Group Compliance Policy by escalating any identified compliance risk in liaison with, Global Compliance Officer, Area Compliance Officer or Local Compliance Officer. The term ‘compliance embraces all relevant financial services laws, rules and codes with which the business has to comply.

Role Dimensions (e.g. balance sheet , lending/expenditure limits, /volume of transactions, budget. in USD’000).

• The results and mitigating actions, as well as successful execution and submission to regulators impacts capital requirements for the entire Group, including all regions, customer groups and risk categories.

Headcount reporting to this role
Direct:
0
Indirect:
0 Total:
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Knowledge & Experience / Qualifications ( Qualifications
What you will need to succeed in the role:

• Knowledge & Experience / Qualifications (For the role – not the role holder. Minimum requirements of the role.)
• Qualified CA (Chartered Accountant)/CWA /CPA /CFA/ FRM/ MBA (Finance)/ PGDBM-Finance with at least 4+ years of post-qualification experience or commerce graduates with at least 7+ years of experience in accounting/financial reporting, management reporting, global consolidation, financial analysis within IFRS and IAS reporting framework
• High level analysis skills, including the ability to look at the bigger picture and interpret data & trends in the context of business, macro-economic or Regulatory drivers, as well as the ability to work quickly & accurately to tight deadlines
• Good knowledge of Asset Liability Management, FSA Reporting and relevant regulatory changes in a global environment preferable would be an added advantage
• General understanding of financial products (specifically Retail, GB&M) and how they impact finance operations and more generically the banking business
• Capable of working with stakeholders to understand requirements and translate them into process / data maps, etc.
• Strong attention to detail and being solution oriented
• Complex analytical reasoning skills enabling appraisal of the Global reporting requirements and translate into functional requirements for system development
• Strong communication skills (both oral and written) and an ability to communicate complex ideas in a simple manner to a global audience
• Excellent planning and organisational skills with ability to adapt to changing situations and to understand issues quickly.
• Willing to challenge the status quo, be proactive and innovative in driving change
• Willing to travel if needed
• Excellent working knowledge of MS related products i.e PowerPoint, Excel.
• Working knowledge of Banking systems and understanding of relevant regulatory reporting framework preferable

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You’ll achieve more at HSBC
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