VP: Regulatory Reporting GSC

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HSBC is one of the largest banking and financial services organisations in the world, with operations in 62 countries and territories. We aim to be where the growth is, enabling businesses to thrive and economies to prosper, and, ultimately, helping people to fulfil their hopes and realise their ambitions.

We are currently seeking an experienced professional to join our team in the role of Vice President, VP: Regulatory Reporting

Principal responsibilities

Ensuring regulatory engagements with the HKMA(Hong Kong Monetary Authority) are carried out in a professional manner, delivering concise insights and analysis to the regulators, and maintaining ongoing dialogue and trusted relationship with the HKMA(Hong Kong Monetary Authority).

With increasing scrutiny in regulatory reporting, this role will represent the regional reporting team in various strategic initiatives of simplification and regulatory changes. These include automating workflows through technologies such as Alteryx, Python and Axiom, implementing Basel 3.1 (‘B3.1’) for risk-weighted assets (‘RWA’) reporting to Group, reviewing enhancements to the Cloud reporting platform post B3.1 roll-out in Hong Kong, and Granular Data Reporting to the Hong Kong Monetary Authority (‘HKMA’).

Partnering with cross businesses and functions including Regulatory Policy, Change, Risk, Assurance and Risk Stewards on bank-wide initiatives and requirements and providing subject matter expertise in facilitating decision makings.

Navigating changes in regulatory and financial reporting requirements such as HKMA(Hong Kong Monetary Authority), the Prudential Regulation Authority (PRA’) and International Financial Reporting Standards (‘IFRS’), as well as processes and infrastructures to anticipate impacts to reporting.

Identify, raise and resolve the issues identified during the reporting processes in accordance with the relevant HSBC standards and policies

Driving process re-engineering and control enhancements, including those uplifted through the Integrity of Regulatory Reporting programme (‘IRR’), for a sustainable operating model and robust control environment over regulatory reporting.

Address ad-hoc requests from various stakeholders including regulators and HBAP senior executives

To be successful you will:

Qualified Chartered Accountant/MBA/master’s in finance background with 12+ years of experience in a financial/banking domain working on similar responsibilities.

Strong technical knowledge of PRA/EBA and HKMA regulatory reporting requirements.

Strong understanding of the regulatory data flows and system architecture. Drive the efficiencies with change mindset.

The role requires strong understanding facility, products, and risk parameters used for RWA/ Capital calculations and reporting.

The role holder is expected to have strong understanding of regulatory reporting. Work with finance change delivery and other stakeholders on defining and implementing sustainable solutions.

Proven experience of enacting finance transformation change within a financial institution is must.

Experience in delivering change within a services environment and an appreciation of regulatory and compliance imperatives

You’ll achieve more at HSBC

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