Job
Description
The role holder is responsible for the Global end to end delivery of: Strategic Planning & Stress Testing ( SPST ); Business Finance Operations ( BFO ); The role holder will report into the Global Head of Finance Operations and support the respective Global Business CFOs, and the Global Head of Strategic Planning & Stress Testing. The role requires an in-depth knowledge of the bank s business, performance (including Net Interest Income), and balance sheet (including Economic Value of Equity), as well as good understanding of planning, forecasting and stress testing requirements. The role requires communication to and engagement from a range of senior stakeholders on comprehensive financial information, including analysis and explanation of key trends and performance, provision of assurance over the completeness and accuracy of the reporting outputs, and insight to enable business decision making. We are currently seeking an experienced professional to join our team in the role of Head of Management Reporting, Fin Ops. Business: Global Finance, Sustainability and Group External Comms Principal responsibilities: Impact on the Business: End-to-end process ownership of preparation and assurance of all BAU reporting requirements (internal and external) for SP&ST and Business Finance. Management of the Finance Operations teams supporting these activities to produce timely, accurate and complete deliverables (internal and external) and commentary. Accountable for defining the reporting process and ensuring high quality delivery, as well as escalation, incident management, and stakeholder management around reporting. Delivery of commentary and variance analysis, as well as query resolution. Ensure that the outputs are of a high quality and prepared in accordance with internal policies and guidelines. Responsible for the controls over the reporting processes and ensuring that control design is in line with HSBC s control framework and complies with all requirements (such as SOX). Typical Targets and Measures: Success of Global Finance function in meeting its core purpose and implementing ongoing change and improvements Teams are of sufficient quality to meet their obligations and deliver the Regulatory requirements within the time limits Achievement of efficiency saves allocated to Finance Operations sub function Customers / Stakeholders: Support the final sign-off of reporting by accountable stakeholders. Works closely with Data Operations for data issue remediation and the development of new reporting. Works jointly to resolve queries from senior stakeholders and provide insight to enable them to make timely business decision Typical Targets and Measures : Success of Global Finance function in meeting its core purpose and implementing ongoing change and improvements Effective relationships with all key stakeholders and customers. Leadership & Teamwork: Leads and inspires the teams, developing a deep pool of reporting expertise, across all disciplines, with a commercial sense of continuous improvement and encouraging curious and transformation mindset Management (planning and coordination) of the entire daily, weekly, monthly, quarterly, half-yearly and yearly reporting processes Embed workflow tool to develop and monitor key metrics to enable 1) continuous management, and improvement, of efficient processes; and 2) provide facts to key stakeholders as required Management of professional development of team personnel Provide understanding of how accounting and reporting translates into operational processes Work collaboratively across all Finance teams Adopt new ways of working such as Agile, particularly in respect of change activities, and encourage the adoption of new technology within the reporting teams Typical Targets and Measures: Appropriate technical and leadership skills are delivered to staff shown in metrics such as learning days etc Control issues are understood and resolved in a timely and sustainable manner Staff engagement surveys utilized to target improvements within the function Continued implementation of globalization and consistency within the function Operational Effectiveness & Control: Pro-active approach to stakeholder engagement To continually reassess the operational risks inherent in the business, taking account of changing economic or market conditions, legal and regulatory requirements, operating procedures and practices, management restructurings, and the impact of new technology. To implement the Group Compliance Policy by containing compliance risk in conjunction with the relevant compliance department. The term compliance embraces all relevant laws, rules and codes with which the business has to comply. Leadership over regulatory and compliance matters and the management of operational risk within the teams. Typical Targets and Measures: Maintenance of a robust control environment within the Finance Operations function Global processes for Finance Operations are successfully applied in HSBC subsidiaries sites Adhering to all relevant compliance procedures, keeping appropriate records and, where appropriate, to address issues raised Ensuring all actions take account of the likelihood of operational risk occurring by addressing any areas of concern Achievement of savings targets Major Challenges: The increasing burden of new accounting, regulatory and disclosure requirements at a very granular level. The need to produce complex financial information in an environment governed by the requirements of the Sarbanes Oxley Act. The complex nature of the Group and the emerging and sometimes divergent and ad-hoc ways in which management wishes to review and disclose the financial data present substantial challenges. Improve and maintain the quality of financial and non-financial information submitted by reporting sites. Management and prioritisation of deliverables within set amount of budget/resources defined by Global Head of Finance Operations. Management and prioritisation of ad hoc requests from key stakeholders Role Context: This role within Global Finance is responsible for internal management reporting to senior executives. The output of Global Finance is high-profile and is produced in a confidential environment to tight deadlines and with a high degree of accuracy. The various finance teams consist of high calibre, technically strong individuals. The jobholder reports directly into the Global Head of Financial Operations Management of Risk: The jobholder will ensure the fair treatment of our customers is at the heart of everything we do, both personally and as an organisation. This will be achieved by consistently displaying the behaviors that form part of the HSBC Values and culture and adhering to HSBC risk policies and procedures, including notification and escalation of any concerns and taking required action in relation to points raised by audit and/or external regulators. The jobholder is responsible for managing and mitigating operational risks in their day to day operations. In executing these responsibilities, the Group has adopted risk management and internal control structure referred to as the Three Lines of Defence . The jobholder should ensure they understand their position within the Three Lines of Defence, and act accordingly in line with operational risk policy, escalating in a timely manner where they are unsure of actions required. Through the implementation the Global AML, Sanctions and ABC Policies, supporting Guidance, and Line of Business Procedures the jobholder will make informed decisions in accordance with the core principles of HSBCs Financial Crime Risk Appetite. The jobholder has responsibility for overseeing and ensuring that Operational risks are managed in accordance with the Group Standards Manual, Risk FIM, & relevant guidelines & standards. The jobholder should comply with the detailed expectations and responsibilities for their core role in operational risk management through ensuring all actions take account of operational risks, and through using the Operational Risk Management Framework appropriately to manage those risks. This will be achieved by: Continually reassessing risks associated with the role and inherent in the business, taking account of changing economic or market conditions, legal and regulatory requirements, operating procedures and practices, management restructurings, and the impact of new technology. Ensuring all actions take account of the likelihood of operational risk occurring, addressing areas of concern in conjunction with Risk and relevant line colleagues, and also by ensuring that actions resulting from points raised by internal or external audits, and external regulators, are correctly implemented in a timely fashion Observation of Internal Controls: Maintains HSBC internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators. Complies with Global Finance Functional Instruction Manuals, GSM and other applicable HSBC Control standards. Requirements Deep understanding of financial services as an industry and of the accounting/regulatory rules governing the Group Senior line management skills in a Finance function or the audit function of a major accounting firm or Bank. Experience in accounting / financial, regulatory or management reporting Understanding of control frameworks and how to implement effective controls in practice Good understanding of banking products and how they impact reporting requirement, and more generically the banking and/or markets business, balance sheet and P&L Extensive experience of leading a global team, preferably operations. Experience of implementing and successfully delivering global organisational change. Demonstrable experience of implementing a strong controls culture within a global organisation. Ability to deal with and analyse unstructured problems and queries and to question and challenge existing procedures. Excellent communication and interpersonal skills with ability to communicate well with all levels of staff, including senior and/or executive management. This should include evidence of influencing skills, required to ensure that deadlines are met and service standards maintained. Good written and communication skills. Ability to develop effective working relationships with stakeholders of different seniority and geographical location Staff management.
