Job Description

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Job Descriptors
International Wealth and Premier Banking (IWPB) helps deliver on HSBC's purpose of opening up a world of opportunity by providing our customers with borderless banking and world-class wealth management through best-in-class, mobile-first capabilities, and exceptional people. Our international network and breadth of expertise enable us to support individuals, families, business owners, investors, and entrepreneurs. International Wealth and Premier Banking provides a leading premium proposition through Premier Banking and, together with our Private Bank, are present across the world's most important markets, booking centres, and corridors most valued by our clients. Our wealth offering is further enhanced through our best-in-class manufacturing capabilities in Asset Management and Insurance.
Principal Accountabilities:
Role Purpose
Internal Controls - Maintains HSBC internal control standards, including the timely implementation of internal and external audit points together with any issues raised by external regulators
Preparation and submission of the entire Group reporting - Assurenet / Cadency Reporting, SARACEN Reporting,
Tracking, preparation and submission all the Quarter ending and Year ending Gather and group submissions
Preparation and providing detailed variance analysis (including commentary) for P/L, Balance Sheet, GSR (AUM), Ledger Scrutiny
Preparation and submission of the FUSION reporting, Maintenance of Fixed Asset Register, GST reporting, Direct Tax reporting, Bank Payment transaction uploads, reviews and reconciliation, Cash flow management, Treasury operations.
Adherence to Group Compliance Policy.
Awareness of the Operational Risk scenario associated with their role.
Internal local reporting - preparation of monthly EXCO pack for AMIN top team, Branch P&L, Focus 75 monitoring model, Risk Map submission.
Preparation and submitting monthly and adhoc requests from Local stakeholders, regional stakeholders, various reports to WPB business finance, INM Finance.
Accounting, Analysis, Reconciliation, Reporting and coordination
Expense line wise analysis and commentary, provision analysis, prepaid expense analysis, Impairment testing and analysis,
Lease accounting and analysis
Coordination with senior members from finance and business teams.
Preparation of GST and Direct tax working
Deferred Tax Accounting
Impact on the Business
Custodian of MIS: Ensure high quality of reporting to the Region/Group within the expected timelines. All the control activities in relation to the reporting are consistent with the Global AMG standard and practices. Appropriate mechanisms are in place to identify any weakness in the process and corrective actions should be implemented.
Decision support system: Drive accounting discipline/control. Create strong discipline within the finance department. Actively partnering with VP Finance in preparing and driving monthly financials for the business. Engage with the business teams in explaining the implications of incorrect reporting and ensure timely completion of the same.
Review of Financial reporting and process efficiencies
Review and strengthen the financial reporting with timelines, recording and providing explanations for variance.
Automation of processes in financial reporting.
Tight monitoring of Seed capital investments in accordance with SEBI requirements.
Cost Saving Initiatives/Revenue generation initiatives

• Control/Monitor costs on an ongoing basis and highlight key issues concerning costs to the line manager.
• Assist the VP Finance in driving the cost control initiatives and track the measures on a monthly basis for AMIN
• Increase usage of IT to reduce automation and thereby improve accuracy.

Analysis
Expense line-wise / cost center wise analysis of actual cost
Margin analysis of revenue.
FRP process

• Support Line Manager and CFO in FRP preparation.

Group and BRCM audits

• Drives the timely completion of Group and BRCM audits and actionable emanating out of those audits.

Metrics of measurement * Ensure automation of Financial process and thereby improve accuracy and authenticity of Financial figures.

• Timely reporting of Financial data to all stake holders.
• Number of analysis prepared and discussed.

Customers / Stakeholders
Business partnering: Assist VP Finance and AMIN CFP with corporate planning and development, like development of long term strategic plan, business segment evaluation, product evaluation etc. Preparation of qualitative and meaningful presentation for various senior visitors from the Region/Group. Assist VP Finance and CFO in managing the regulatory net worth of the business and help him in Capital planning and infusion as and when required. Any other adhoc assignment to facilitate VP Finance and CFO to present it to a larger audience (both internal and external)
Customer and stakeholders: Proactively manage the relationship with the key internal stakeholders to ensure that the operational requirements are met within the agreed timelines.
Segment profitability reporting, Branch and Product Profitability:
Ensure that segment revenue & expenses are appropriately entered and reported between MF/PMS (EPFO)/Advisory mandates and also between Insti vs Wholesale.
Redefine and develop more effective branch profitability report.
Assist the line manager in complete fully loaded product P&L.
Ensure appropriate allocation of costs between Insti vs Wholesale and MF vs PMS
Ensure accurate and timely submission of all group reports within the agreed timelines to Saracen and Gather
New product P&L:
Review and assist in reviewing the P&L of new product launches / re-launches
Prepare and assist CFO in reviewing brokerage structure.
Metrics of measurement * Ensure a satisfactory rating from other departments vis-a-vis agreed SLA's

• Ensure that there are no issues arising out non-reply / non-submission of data/ report to various stakeholders

Leadership & Teamwork
Self-Development, Teamwork and Training
Attend Training based on training needs as identified by self and as approved by the Line Manager
Mandatory completion of training as assigned by Group.
Metrics of measurement
1 Timely completion of mandatory training.
Operational Effectiveness & Control
Achieve high standards with respect to routine processes:

• No material breaches in internal policies in areas managed by Finance.
• No adverse comments with respect to non-compliance with any requirements set out in the Finance FIM / Fiduciary FIM
• Consistency and accuracy of the data entered into multiple systems
• Contribution of simplification project.

Automation: Drive the automation of financial process and systems. Ensure the department task are managed efficiently and supported by effective and efficient system. Revisiting various activities and if required discontinue and divert the resources for better value added activities.
Maintenance of Manuals and guidelines and ensure high standards of financial control: Drive and deliver updation of the relevant section of Local finance manual. Implement operational risk review observation, if any
Operational Risk : Implement operational risk review observation, if any
Metrics of measurement * No material breaches in the internal policies in the areas managed by Finance

• To obtain an internal audit rating no lower than 'satisfactory", as and when conducted.
• Consistency and accuracy of reporting in multiple systems is the key for successful MI reporting

Major Challenges:

• Clean report in all forms of audit (both Regulatory and Group)
• Sign-off of P&L new product launched Engage with the management and also with the auditors, both internal and external to meet organizational priorities on financial control

Role Context
The role will be based out of HSBC Asset Management - Head Office at V N Road office, Mumbai
This role has no/negligible interaction with external stakeholders (except auditors)
Control and reconciliation of Financial Account, Tax matters, MIS, AOP
Management of Risk

• Adheres to processes and controls to identify and mitigate risks and ensures timely escalation of control issues and reputation risks.

Observation of Internal Controls (Compliance Policy / FIM requirements)
Maintains HSBC internal control standards and addresses audit points and/or any issues raised by regulators in a timely manner.
Understands, follows and demonstrates compliance with all relevant internal and external rules, regulations and procedures that apply to the conduct of the business in which the jobholder is involved, specifically Internal Controls and any Compliance policy including, inter alia, the Group Compliance policy.
Qualifications - Internal
Knowledge & Experience / Qualifications:

• Professional qualification in Accountancy or Management Graduation (CA/MBA)
• Work experience of 3 years in the BFSI space

Eligibility Criteria

• AMIN employees will be eligible to apply to this role after completion of 12 months in the current role/position at the time of application on level transfer and/or promotion.
• Entity Employees (not from AMIN) to be guided by their internal policy on tenure completion in current role at the time of application before applying and share line manager approval once shortlisted.

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Issued by HSBC Global Asset Management (India) Private Ltd

Skills Required