SVP - Group Consolidation

As an experienced professional joining our team in the role of SVP - Group Consolidation at HSBC, you will play a crucial part in ensuring the completeness and accuracy of the Group consolidated financial statements. Reporting to the Head of Group Financial Reporting, your responsibilities will encompass various key areas. Your primary responsibilities will include overseeing the core monthly consolidation process, which involves consolidation journals and quarterly reporting instructions to generate consolidated financial statements for HSBC Holdings plc. You will be tasked with identifying errors and issues, interpreting their impact on financial disclosures, making informed decisions, and keeping the wider team informed. Moreover, you will be responsible for the design and management of the Group consolidation system, as well as the ongoing review and maintenance of Group Financial Reporting consolidation models, controls, processes, and reporting policies. Additionally, you will lead the consolidation processes for Regulatory, Tax, and Stress Testing purposes while overseeing the deliverables from the Group Consolidation team and managing associated risks. In this role, you will need to have a comprehensive understanding of core consolidation concepts in accordance with International Accounting Standards, the bank's business, performance, and balance sheet. Your role will require continuous learning, a curious nature, and an openness to challenge existing processes and explore the use of new technologies to enhance external reporting. Collaboration and teamwork will be key aspects of your role, as you will work closely with teams across Global Service Centers and in-country to standardize approaches and share best practices. By fostering an inclusive workplace, we aim to leverage diverse perspectives that drive innovation, creativity, and talent within our workforce. As a leader in financial consolidation and reporting, you will drive the development of expertise within your team and encourage a culture of continuous improvement, curiosity, and challenging the status quo. Collaboration with various teams including Group and Regional Financial Reporting, Accounting Operations, Reporting Operations, and Financial Control will be essential to ensure effective communication and alignment on financial reporting processes. Your role will also involve proactively identifying opportunities for process improvement, managing operational risks, and ensuring compliance with internal control standards. By adopting a forward-thinking and adaptable mindset, you will contribute to the ongoing success and efficiency of the financial reporting processes at HSBC. Key qualifications for this role include a recognized relevant professional accountancy qualification, experience in financial reporting and consolidation preferably in Financial Services, significant knowledge of IFRS, proven leadership capability, stakeholder management skills, and a strong understanding of control frameworks. This position is based in Gurgaon/Chennai, and we welcome individuals with diverse backgrounds and experiences to apply and contribute to our dynamic and collaborative work environment.,