Financial Analyst, Global CMB Transformation

Job description

Role Title: Financial Analyst, Global CMB Transformation

Business: Finance

New or Existing Role? New

Grade: GCB5

Role Purpose

· In 2018 HSBC Commercial Banking (CMB) commenced a multi $ billion investment programme to make it easier for customers to partner with us, easier for our colleagues to serve them, and provide our capabilities to more customers.
· The role is to provide financial analysis, support for CMB investments. The role is part of the Global Commercial Banking (CMB) Business Finance team, working in close partnership with finance business partners, IT and our CMB business management teams.

Key Accountabilities

Impact on Business

· Provide financial analysis for multiple investment/business change programmes

· Accurate and timely booking of accruals and forecasting journals.

· Standardised financial MI and dashboards incl. KPIs

· Provide in-depth analysis to enhance understanding of financials (costs, KPIs, benefits) across the portfolio

· Ensure overspends are escalated as appropriate and value for money delivered

· Lead KPI & benefit consolidation process & reporting

· Become SME for Finance processes e.g. accruals

· Calculation of cost recharges to countries and Group/GCMB

· Support of financial toll-gate process & reporting

· Reporting/budgeting of programme costs (IT and business) to multiple stakeholders

· Working with the wider Business Finance team to ensure investment costs/benefits are accurately reflected in overall P&L forecasts

Customers / Stakeholders

· Engage with finance downstream partners e.g. IT Finance, Group Finance, Regional Finance

· Day-to-day interaction with senior management within Global CMB Finance, the CMB business, Group and regional Finance teams

Leadership & Teamwork

· Provide analysis & MI to various business led forums.

· The job holder will be expected to operate fairly independently with limited daily interaction with their manager.

· The role holder will also be required to influence people not in a direct chain of command (e.g. regional finance colleagues).

· Build relationships with various global/regional Finance & Business contacts to overcome any challenges.

Operational Effectiveness & Control

· Clear operational procedures established, documented and complied with by all.
· Ensuring all plans are syndicated with CMB Finance leadership.
· Ensuring that all project activities are executed in time and approved by key stakeholders.

Major Challenges

· CMB Transformation is a complex, multi-year portfolio of programmes with challenging timelines.
· This will require strong financial analysis skills to manage and drive Finance's element of the programme forward.
· Programmes will be delivered by multiple teams across the business in different geographies. Strong dependency identification and subsequent management is required to ensure key handoffs are understood, planned and tracked.
· The role-holder will need to pick up concepts quickly and have a high degree of motivation, commitment and initiative.
· Sensitivity to cultural diversity and ability to dynamically adapt interpersonal style to build effective relationships

Role Context

· This role is part of the Global CMB Finance team and therefore necessitates substantial coordination across different time zones and will require the role holder to be reasonably flexible with their working hours

Management of Risk

· 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.

· This will be achieved by ensuring all actions take account of the likelihood of operational risk occurring.

· Also by addressing any areas of concern in conjunction with line management and/or the appropriate department

Observation of Internal Controls

· The jobholder will also adhere to and be able to demonstrate 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 jobholder 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.

Desired profile

Qualifications :

Knowledge & Experience / Qualifications

Qualified accountant (or nearing completion)

The ideal candidate will have experience of financial analysis for investment programmes or in a functional context

· Have the ability to develop new MI quickly and efficiently

· Be able to work both individually and within a team

· Strong attention to detail

· Excellent analytical skills

Good knowledge of excel and PowerPoint (TM1 and/or Qlik experience a bonus).

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.

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