Assistant Vice President - Business Management - WPB NFR UTILITY_CONTROL COE

Job description

Job description

Some careers have more impact than others.

If you’re looking for a career where you can make a real impression, join HSBC and discover how valued you’ll be.

HSBC is one of the largest banking and financial services organisations in the world, with operations in 64 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 Assistant Vice President - Business Management - WPB NFR UTILITY_CONTROL COE.

Principal responsibilities  

Impact on Business

·  Support performance management to the FRP, and identifying improvement opportunities across all aspects of the business.
·  Drive efficiency throughout IWPB COO supporting achievement of annual plan and positioning HSBC for long-term success.
·  Support IWPB COO and CAO on all financial management related matters as required.
·  Contribute to IWPB COO financial plan execution; track progress, highlight risks and issues, and report on progress as required to a wide range of stakeholders.
·  Financial analysis of IWPB COO and CAO, by creating statistics, building reports, providing commentary, providing oversight governance and managing cost risks.
·  Review / challenge IWPB COO financials (e.g. FRP, targets, actuals) of global teams.
·  Ensure cost drivers are identified, challenged and managed efficiently.
·  Ensure Global savings & control initiatives are well communicated and coordinated with the business teams and markets.
·  Ensure communication with IWPB Finance is in time and practices are aligned with global BM teams.

Customers / Stakeholders

·  Support the financial performance management/administration of the IWPB COO/CAO.
·  Accurate interphase with markets, IWPB COO global teams, Global Infrastructure and other Finance teams. 
·  Manage the relationship with the above mentioned stakeholders and ensure delivery. 
·  Manage the interphase with other COO teams to drive execution and planned delivery.

Leadership & Teamwork

·  Provide a professional representation of the IWPB COO/CAO office.
·  Maintain excellent working relationships across IWPB, particularly with the wider COO teams and market CAO teams.
·  Proactively engage and coordinate activity where duplication or cross over may exist.
·  Influence greater team communication and collaboration.

Operational Effectiveness & Control

·  Ensure appropriate governance is implemented along with robust documentation and supporting management controls.
·  Provide data analysis support for the governance meetings chaired by the IWPB COO / CAO
·  Continuously reassess the operational risks associated with the role.
·  Adhere to all relevant procedures, keeping appropriate records and timely implementation of internal and external audit points.

Major Challenges

·  Stakeholder considerations – the role is required to deliver high-quality, most succinct output that is suitable for executive and senior management and external parties (including regulators) at all times, regardless of pressures.
·  Staying abreast of external developments in global regulation and competitor activity.  Proactive identification of issues and initiation of structured discussions with the key stakeholders across the IWPB, UK/HK, Central Services and Global Infrastructure community
·  Flexibility and adaptability – constantly changing priorities and tasks that are potentially highly restricted in nature, unpredictable and wide ranging, complex and time sensitive requires the simultaneous handling of a broad range of issues.
·  Role supporting global footprint and request agile way of working to cope with business need
·  Sensitivity and trust – engendering a true sense of urgency, pace, community and collaboration across indirectly managed areas across the Group.

Role Context

·  HSBC is going through an unprecedented period of change in its move to a sustainable globally led and connected organisation. There is increasing external scrutiny and pressure on the Financial Services industry from governments, regulators, media, investors and brokers.  The role holder needs to understand the potential impact of all these changes on IWPB and HSBC and embed update in the daily job in a timely manner. The role holder will be required to interact with internal parties at different levels and needs a strong level of professionalism and gravitas.  The role holder needs to directly interact with multiple markets directly and respond in a timely manner.

Role Dimensions

·  Contributes to cost governance of IWPB COO and take ownership in data analysis & report creation.

Risk Management

·  The role holder will ensure the fair treatment of our customers is at the heart of everything we do, both personally and as an organisation.  This will be achieved by consistently displaying the behaviours outlined in the Group’s core values.  The jobholder will also continually reassess the operational risks associated with the role and inherent in the business, taking account of changing economic or market conditions, legal and regulatory requirements, operating procedures and practices, management restructurings, and the impact of new technology and services.  This will be achieved by ensuring all actions take account of the likelihood of operational risk occurring and by owning and managing any areas of concern. 

Observation of Internal Controls

·  The role holder will adhere to and enforce adherence to internal controls. This will be achieved by adherence to all relevant procedures, keeping appropriate records and, where appropriate, by the timely implementation of internal and external audit points, including issues raised by external regulators.
·  The role holder will implement the Group compliance policy. The term ‘compliance’ embraces all relevant financial services laws, rules and codes with which the business has to comply. This will be achieved by adhering to all relevant processes/procedures and by liaising with Compliance department about new business initiatives at the earliest opportunity. Also and when applicable, by ensuring adequate resources are in place and training is provided, fostering a compliance culture and optimising relations with regulators.    

Requirements

·  Strong financial analytical skill and proven ability in financial/analytical reasoning (e.g. using KPIs), including being able to contextualise financial data into business activities and conclusions.
·  Demonstrated business and financial knowledge.
·  Good understanding of HSBC structures, processes and objectives across the Group
·  Strong knowledge of the external environment – regulatory, political, competitors etc.
·  Strong understanding of IWPB business – functionally, financially and operationally.
·  High level of personal drive and motivation to ensure delivery of a broad range of outputs simultaneously across HSBC.
·  Proven experience of positive, challenging interactions with Senior Managers across the business and Finance.
·  Proven ability to articulate complex issues concisely and in simple language to support problem analysis.
·  Outstanding relationship management, collaboration and influencing skills.
·  Outstanding interpersonal and communication skills with a proven ability to communicate effectively and confidently at all levels across the Group.
·  Practical experience of major business transformation activities.
·  Proven abilities in working across cultures.
·  Proven ability to provide enriched insights which helps with business decision making.
·  Experience in managing wide range of projects is an added strength.
·  As a business operating in markets all around the world, we believe diversity brings benefits for our customers, our business and our people. This is why HSBC is committed to being an inclusive employer and encourages applications from all suitably qualified applicants irrespective of background, circumstances, age, disability, gender identity, ethnicity, religion or belief and sexual orientation.
·  We want everyone to be able to fulfil their potential which is why we provide a range of flexible working arrangements and family friendly policies.

Candidate with less relevant experience or skills may be offered a lower Global Career Band than stated above.

Due to the urgent hiring need, candidates with immediate right to work locally and no relocation need will be prioritised.

You’ll achieve more when you join 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. Personal data held by the Bank relating to employment applications will be used in accordance with our Privacy Statement, which is available on our website.