VP, Finance Operations, GSC's

Job Description

Job description Business: Business Finance Operations -Global Finance OperationsOpen positions: 1Role Title: VP, Finance Operations, GSCsGlobal Career Band: 4Location (Country / City ): GurugramWhy join us Global Finance Operations Centers (GFOC) provides a variety of financial support services to business partners over the HSBC Group. Commercial Banking - Business Finance team is responsible for collation, review and analysis of source data for MI and analysis for HSBC group. Responsibility includes rigorous analysis & review of MI collected, to ensure high quality management reporting and business analysis of the published monthly MI packs to HSBC Group Senior Management. Handling MI related queries and Interim analysis reports for management review periodically. To liaise with business partners/counterparts on new report requirements and developing reports within the timelines agreed. 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.The Opportunity: The role holder will be required to work for the CMB GFO Business Finance Operations team and leading the preparation and review of consolidated Management Information (both quantitative & qualitative) supporting UK business finance teams. Ensure ongoing service delivery per the agreed SLA along with month close activities leading up to preparation of the financial statements and supporting on monthly forecasting / annual planning exercise. To liaise with CMB onshore business finance partners/counterparts on the new business reporting requirements. The role holder will also be responsible for leading change projects deploying automation / visualization tools within the team and work closely with other BFO and in-country teams.What youll do: Principal Accountabilities KPI and Targets: -Reporting & Data Management

• Ownership of Business Finance monthly Exco reporting materials and provide any ad-hoc analysis to the senior stakeholders as a result of the critical Exco actions.
• Experience in leading MI Reporting, Financial Planning/Budgeting processes and experience of leading implementation of digital financial reporting solutions
• Managing visualized finance reporting tools on a day to day basis which are used by c300+ business finance users. This also includes the prioritization and implementation of change requests.
• Strong working knowledge of Financial Systems is key (e.g. Saracen, Clearview, TM1 or similar tools) and on client reporting systems like HORIS & OMNIA.
• Daily/weekly/monthly reporting at regional / product, Overall performance packs, analytical review packs, Actuals vs. Forecast analysis and data management.
• 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
• Good communication skills and ability to interact with multiple employee / business partners across different GCB levels. Strong relationship management skills across a diverse organization, especially with senior stakeholders inside and outside finance.
• Ability to understand, map and change reporting process-flows and drive automation of reports to derive efficiency saves through various tools like Python, SQL, VBA
• Experience of Visualization tools like QlikSense, Tableau, Power BI, Vizlib or similar tools will be added advantage

Planning and Forecasting

• E2E ownership of the forecast reporting for Exco consumption by collaborating with regional Forecasting and Planning teams
• Provide performance commentaries on forecast movements with rationales at regional/country/sub-product level
• Ownership of Operating Cost & FTEs forecasting / planning / budgeting process
• Proactively support annual planning, budgeting and target change processes to meet operational timelines. Incorporate changes in the applicable forecasting processes 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 SQL contributing towards the wider SSI initiatives
• Implement projects for enhancing operational efficiency using automation tools, support Visualization initiatives and drive standardization

Leadership & Teamwork

• Key member of the GFOC CMB Business Finance team
• Support the overall performance of the team in meeting the challenges of internal and external demands
• Develop and maintain relationships with senior finance stakeholders as required to drive high quality finance reporting and analysis
• Develop and maintain a deep pool of resources with future finance skills and commercial mindset, eager to accept challenges and focused on continuous improvements

Governance

• Ensure service delivery of the designated finance processes as 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
• Ensure operational efficiency and higher productivity utilizing, where possible, Six Sigma Lean process improvement methodologies.

Stakeholder Management

• Effective Relationship management with senior stakeholders, managing expectations and seamless 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

Requirements What you will need to succeed in the role:

• Qualified CA/CWA/CPA/CFA/MBA (Finance)/PGDBM-Finance/ACMA/Economics
• 10+ years of post-qualification experience in financial / MI reporting, leading data management function and providing value added financial analysis / commentaries
• Experience of future finance automation / visualization tools like Python, Xceptor, Qliksense, Tableau, Power BI etc.
• Good understanding of planning and forecasting process and several tools/models being used with a process improvement mind-set
• Strong working knowledge of Financial Systems is key (e.g. TM1, Clearview, FTP and other similar systems)
• Commercial acumen - good knowledge of Banking Business drivers, P&L and Balance Sheet
• Experience in conducting deep dives on financial statements and providing analysis/commentaries on performance
• Excellent interpersonal and communication skills both written and verbal
• Ability to interact with multiple employee / business partners across all GCB levels
• Self-motivated and capable of leading and achieving results with a team
• Ability to plan, lead and implement change to Business Frameworks
• Ability to understand, map and change reporting process-flows
• 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 informations between stakeholders
• Must be experienced in working under pressure on multiple process improvement projects

Keyskills :
Power BiTableauSqlVbaPythonQliksenseFinancial Planning/BudgetingSopsplanning and forecasting processFinancial SystemsLeadership CapabilitiesAnalytical SkillsMI reportingprocess improvement projectsvisualization toolsAttention To Detailcomm