HSBC India | VP - IFRS 9 Finance Lead

Responsibilities

• The IFRS 9 Operations team is responsible for the calculation and reporting of ECL for almost all entities within the HSBC group * The role holder will lead the delivery of Expected Credit Loss (ECL) results for all the Wholesale / Retail sites.
• The role holder is required to navigate through a constantly changing environment and deliver the ECL results within challenging timelines.
• Own the end-to-end IFRS 9 ECL process for the specific Wholesale/Retail vertical, covering calculation, analysis, reporting, disclosure support, and emerging accounting and disclosure changes.
• Support IFRS 9 requirements, maintain a robust control environment, adhere to SOX (Sarbanes-Oxley Act) controls, Group accounting policies, data, process and system rules, and manage audits effectively.
• Support strategic IFRS 9 initiatives, including Finance Data Solution (FDS), Future State Architecture (FSA), RegX and Basel 3.1 reforms.
• Engage, motivate and develop a high-performing team through resourcing, training, development and retention.
• Own and deliver the IFRS 9 runbook for ECL calculation, analysis and reporting, and support IFRS 9 disclosures, external financial statements, publications and FinRep Credit tables.
• Identify and interpret accounting, regulatory and disclosure changes, implementing required uplifts to data, processes, systems and controls.
• Manage change impacts through effective assessment, testing, implementation and timely delivery.
• Act as a trusted Finance and Risk partner by managing senior stakeholders, resolving concerns, maintaining communication channels, and ensuring positive engagement with no escalations.
• Deliver IFRS 9 transformation through FDS, FSA, RegX and Basel 3.1, promote continuous innovation, streamline processes, implement technology for manual and error-prone activities, and track opportunities through completion.

Requirements

• Experienced Finance/Risk professional with 15+ years in financial services domain with a proven track record of leading Finance / Risk operations.
• Understanding of credit risk, regulatory and accounting concepts including IFRS 9, PD (Probability of Default) , LGD (Loss Given Default) , EAD (Exposure at default) etc is mandatory.
• Strong technical knowledge including the ability to understand and interpret upcoming accounting changes and market trends on IFRS 9 and key disclosure requirements.
• Exposure to emerging innovation and transformation concepts with a proven track record of driving innovation.
• Strong understanding of the concept of data including sourcing, lineage, and controls.
• Ability to understand business strategy, translate them to team goals and lead a team of qualified professionals to deliver on the goals.
• Ability to communicate complex information in a succinct and credible manner, both orally and written, directly with Senior Management.
• Ability to navigate through ambiguity and lead and influence colleagues across the HSBC Group.
• Ability to work in a dynamic environment and adapt to frequent and multiple changes.
• Ability to manage a complex process within resource and time constraints.

HSBC

HSBC is one of the world's largest banking and financial services organisations. It was founded in Hong Kong in 1865 and is now headquartered in London.

HSBC is one of the longest-established foreign banks in India. Its global service centres hire finance professionals for financial control, regulatory reporting, risk, treasury and market-data roles.

• Industry: Banking and financial services
• Headquarters: London, UK
• In India: Banking operations and global service centres in cities such as Hyderabad, Bengaluru, Kolkata, Pune and Gurugram