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Manager, Finance Operations

Employer
HSBC India
Location
Gurgaon, Chennai & Bangalore (IN)
Salary
10 lakhs – 25 lakhs
Closing date
Jul 3, 2021

View more

Job Role
Finance Manager
Sector
Banking
Contract Type
Permanent
Hours
Full Time

Job Details

Why join us?

Our transformation is about harnessing the very best of technology and innovation, combined with the very best of our people, to create a world class Finance team. We want to drive much better customer, control and efficiency outcomes, and retain and attract the very best Finance talent. 
Business Finance Operations (BFO) team supports Global Businesses in taking informed decisions by providing timely useful and insightful MI on business performance. The team is responsible for reporting of actuals, analysis of numbers, supporting Forecast and AOP of business and delivering meaningful MI to business. BFO team provides support to Global and regional CFO teams, regions and countries and engage with various stakeholders across Finance 

The Opportunity: (Brief Overview of the Role)

The role holder will be responsible for collation, review and analysis of source data for MI and analyze for the Global Business and Functions teams. Responsibility includes rigorous analysis & review of MI to ensure high quality management reporting and business analysis of the published monthly and weekly MI packs to senior stakeholders. Handling MI related queries and analysis of reports for management review periodically. To liaise with business partners/counterparts on new business reporting requirements. The role holder will also be responsible for leading Change projects deploying automation/visualization tools with the team and work closely with other BFO and in-country teams

What you’ll do: (List out Key Responsibilities) - Principal Accountabilities KPI and Targets
Reporting & Data Management

  • Daily/weekly/monthly reporting at business/ product/segment level, Overall performance packs, analytical review packs, Actuals vs. Forecast analysis and data management – End to end ownership of Data, reporting, analysis and support automation through tools like Python, VBA, QlikSense, Tableau 
  • Business Finance Reporting (Global, by region, by product, by segment) – Forecast process support, BAU change initiatives and driving reporting standardization
  • Drive Reporting improvements incorporating feedback from CFO, business reviews, process changes from transformation initiatives that impact business reporting from time to time
  • Data management processes that involve Submissions to Financial and reporting systems, working/ calculations that feed front office, intermediary and ledgers. All other associated process looking at data sanity, clean up that fall within the remit of Data Operations
  • Demonstrating agility to incorporate management reporting change requests on the back of business and finance initiatives
  • Expert level proficiency in working on Global reporting systems commonly used in Banks  
  • Review and challenge assumptions, provide suggestions to enhance Reporting improvements
  • Robust reporting structure for reporting packs incorporating both Forecast and Actuals financials
  • Collaborate across In-country and GFOC stakeholders to align Reporting with business submissions

Planning and Forecasting

  • Collaborate with Forecasting and Planning lead to produce forecast pack for Review and Challenge meetings, 
  • Highlight gaps in forecast submission, perform investigation and analysis
  • Proactively support AOP, Budget and Target process to meet operational timelines
  • Incorporate changes in Forecast pack ensuring quick turnaround 
  • Understand models used for Forecasting, maintain existing reporting models and improve models to facilitate efficient and accurate business forecast

Process Improvements

  • Continuous review of process with the objective of improving the resource utilization, time taken and quality of deliverables. Automate process using tools like Python, Xceptor, VBA or using SQL
  • Implement projects for enhancing operational efficiency using automation tools, support Visualisation initiatives and drive standardization

Exception Handling / Troubleshooting-

  • Identify Solutions and troubleshoot Exceptional situation
  • Manage Business Partner Impact and implement adequate control steps
  • Design long-term solutions for detection, prevention and management of exceptional issues

Governance

  • Ensure service delivery of the designated finance processes per the standards set out in agreed SLAs within the HSBC operating framework taking into account key operational risk (including people & processes)
  • Ensure all processes are correctly and thoroughly documented (SOPs and Process Maps)
  • Maintain monthly reporting timetable via Achieve for both routine and ad-hoc tasks and strict adherence to Achieve
  • Continuous review of processes with the objective of improving the service delivery timeframes and identify areas of improvement
  • Ensure operational efficiency and higher productivity utilizing, where possible, Six Sigma Lean process improvement methodologies.

Stakeholder Management

  • Effective Relationship management with stakeholders, managing service delivery 
  • Continuous engagement with stakeholders on evolving business and functional requirements to work towards standardization in line with group organizational initiatives
  • Establishing an effective and robust communication channel with multiple stakeholders to ensure timely flow of information and continuous feedback mechanism

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 drive and manage change, plan business contingency and achieve cross-training
  • Ensuring BCP plan is documented, agreed with business partner and tested as per agreed timelines

What you will need to succeed in the role: (Minimum Qualification and Skills Required)

  • Qualified Accountant (MBA, M.Com, B.Com) with +7 post qualification experience in Financial and Management Reporting and Group-level Consolidation reporting
  • Any science graduates with relevant exposure to Finance FPNA processes and technical understanding of ML, AI and automation tools
  • Strong working knowledge of Financial Systems is key (e.g. TM1, HuB, FTP and other similar systems)
  • Experience in Data mining, analysis, Financial Statements, IFRS and Audit/Compliance. 
  • Working knowledge of automation tools – Python, SQL, Xceptor or VBA required
  • Working and technical knowledge of Visualization tools like QlikSense required
  • Commercial acumen – good knowledge of Banking Business drivers, P&L and Balance Sheet
  • Ability to plan, lead and implement change to Business Frameworks. 
  • Ability to understand, map and change reporting process-flows 
  • Good communication and ability to interact with multiple employee levels/business partners, etc. 
  • Possess strong analytical and lateral thinking skills. 
  • Strong relationship management skills across a diverse organization, especially with senior management
  • Flexibility to work in accordance with Business requirements – this may include working outside of normal hours
  • Strong leadership capabilities with a record of developing individuals and large teams 
  • Ability to learn and is highly motivated to perform at the highest standard. 
  • Must have excellent attention to detail and work within tight deadlines ensuring a complete and accurate flow of information's between stakeholders. 
  • Must be experienced in working under pressure on multiple process improvement projects

You’ll achieve more at HSBC

HSBC is committed to building a culture where all employees are valued, respected and opinions count. We take pride in providing a workplace that fosters continuous professional development, flexible working and opportunities to grow within an inclusive and diverse environment.

HSBC is an equal opportunity employer committed to building a culture where all employees are valued, respected and opinions count. We take pride in providing a workplace that fosters continuous professional development, flexible working and, opportunities to grow within an inclusive and diverse environment. We encourage applications from all suitably qualified persons irrespective of, but not limited to, their gender or genetic information, sexual orientation, ethnicity, religion, social status, medical care leave requirements, political affiliation, people with disabilities, color, national origin, veteran status, etc., We consider all applications based on merit and suitability to the role.”

Company

Opening up a world of opportunity for our customers, investors, ourselves and the planet.

We're a financial services organisation that serves more than 40 million customers, ranging from individual savers and investors to some of the world’s biggest companies and governments. Our network covers 64 countries and territories, and we’re here to use our unique expertise, capabilities, breadth and perspectives to open up a world of opportunity for our customers. 

HSBC is listed on the London, Hong Kong, New York, Paris and Bermuda stock exchanges.

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