Offers “HSBC”

Expires soon HSBC

Risk IFRS17 PMO support

  • Whiteley (Hampshire)
  • Accounting / Management control

Job description

Role Title: Risk IFRS17 PMO support

Business: Risk management

New or Existing Role? New

Grade: GCB6

Role Purpose

· The vision for the Group Insurance Data Programme is to ensure that Group Insurance Risk has the data required to meet its business and external reporting requirements, regulatory commitments and control obligations. The data consumed by Group Insurance will be complete, accurate, appropriate and timely, and also be flexible enough to respond to new requirements raised internally or externally.
· The role of the PMO is to support the Project manager in the delivery of all projects under the Group Insurance Data Programme umbrella

Role Purpose

· To support the Global Insurance Project Manager in the delivery of the PMO Service that then enables Group insurance to deliver data change projects and interact with existing programmes. Works as a member of the project delivery team in supporting the Project or Programme Manager to ensure delivery to agreed business plans within cost, quality and timescale objectives and to ensure that change is executed in line with, and using, the HSBC and HSS Change policies and procedures.
· The PMO Analyst will need to be proactive and hands on with excellent communications skills with the ability to co-ordinate and analyse multiple project and work stream data.

Project Brief:

· The role will be assigned to all ongoing initiatives dependent on current demand and priorities at the time.
· Initiatives will include the Insurance Data Lake, IFRS17, BCBS239, ELC35 and all other the building of new business models in conjunction with Product to support internal business or external market driven initiatives, re-structuring of existing client business, re-engineering initiatives driven by industry changes and internal projects / initiatives. As well as supporting existing Clients change.

Key Accountabilities

Impact on Business

· Programme/Project Set Up and Closure: Delivers project set up and closure activities, including business case and Project Status Report (PSR) preparation, and ensuring effective project closure and Post Implementation activities are completed.
· Governance and Reporting: Delivers or contributes to the production and collation of status reports and relevant management information, ensuring the right level of quality is achieved, across projects and workstreams ensuring these are captured within our Project Management Tool and included at relevant programme management / governance forums.
· Monitoring and Control: Uses established project methodologies to control, log, manage and monitor project timescales, resources, costs, risks, assumptions, change control, issues and dependencies; benefit realisation, milestones and outcomes; and budgets, ensuring the right level of quality is achieved and escalating as appropriate to overcome delays, difficulties or cost over-runs. Carries out data compilation, research and analysis and makes recommendations for improvement to processes.
· Common Standards: Ensures all activities adhere to local standards e.g. Business Transformation Framework/Change Framework. Uses knowledge and experience to contribute to development of the standards.
· Planning: Supports creation of the portfolio, programme, project or workstream plan by tracking and validating progress of deliverables and milestones, providing assurance and ensuring the plans are kept up to date. Understanding the project critical path and how movement in deliverables impacts this, and producing MI to evidence this.
· Finance and Resource Management: Supports the collation, preparation and updating of financial and resource data and of financial and resource demand planning, ensuring that data is accurate, relevant and to a suitable level of quality.
· Internal/External Relationships: Builds and maintains relevant internal networks to share knowledge and best practice and to build the profile and capability of the PMO and change management Community.
· People and Self Development: Takes responsibility for self-development, actively seeking feedback and responding accordingly.
· Risk: Timely and accurate completion of own deliverables, including production of MI, resource and milestone tracking, ensuring mitigating actions are in place where required.

Customers / Stakeholders

· Build strong relationships, adopting a joined up approach, to support change at pace with minimum conflict under the supervision of the Business Lead.
· Analyse stakeholder goals and effectively manage their expectations, addressing any misalignment

Leadership & Teamwork

· Shows flexibility and willingness to do different tasks as required by the Business Lead; does not need constant supervision.
· Helps the Business Lead to create to a positive work environment for the project team
· Acts as a good team member and shows a positive collaborative attitude, promoting HSBC's values and behaviours.

Operational Effectiveness & Control

· Ensure projects' management processes are effective and propose improvements/changes as required
· Assists with the production and implementation of a well-defined project plans, identifying the key milestones
· Tracks, reviews and controls project progress and performance at clearly defined points in the process to help ensure that the project is delivered on time, within budget
· Compliance with external regulatory requirements, internal control standards and group compliance policy
· Timely implementation of recommendations made by internal/external auditors and external regulators.

Major Challenges

· There are many dependencies between the Insurance Risk Data Project and the overall Group Data Programme. In addition, there are also external dependencies with other projects at Group and Country level. It is expected that the Project Manager must monitor these dependencies closely.
· Communications to stakeholders is vital, it is important that the Project Manager maps all stakeholders and understand their reporting requirements.

Role Context

· HSBC has faced criticism from regulatory bodies regarding data quality. Therefore, it is one of the key strategic priorities of the Bank to remediate this.

Role Dimensions

· The jobholder will be required to support the management of large projects (or programmes) and/or one or more project workstreams (sub-projects) under the supervision of the Business Lead.

Management of Risk

· Responsible for the continual assessment of 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 restructuring and the impact of new technology.
· Demonstrates compliance with HSBC Bank plc Group standards, manuals and policies and adheres to the defined work practices, internal controls and risk management standards associated with the role

· 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 processes.

· The jobholder should then address any areas of concern in conjunction with line management and/or the appropriate department.

Observation of Internal Controls

· Maintains HSBC internal control standards, including the timely implementation of internal and external audit points together with any issues raised by external regulators.
· Understands, follows and demonstrates compliance with all relevant internal and external rules, regulations and procedures that apply to the conduct of the business activities associated with the role, specifically HSBC Bank plc internal controls and compliance policies and manuals.
· The jobholder will adopt the Group Compliance Policy by escalating any identified compliance risk in liaison with, Global Compliance Officer, Area Compliance Officer or Local Compliance Officer. The term ‘compliance' embraces all relevant financial services laws, rules and codes with which the business has to comply.
· PMO adhere to the Groups standard tools and methodologies :
· Global Change Delivery Project Management Framework
· Group Standard Business Case
· GCD Tools like Clarity & Open Workbench

Desired profile

Qualifications :

Knowledge & Experience / Qualifications

Knowledge

·  Understanding of the project lifecycle
·  Understanding of the purpose, value, culture and fundamentals of Change Delivery, methodologies and best practice techniques.

Candidates are expected to be point of excellence in;

· Understanding of the project lifecycle

· Understanding of the purpose, value, culture and fundamentals of Change Delivery, methodologies and best practice techniques.

· Data Analysis)

· Report Design

· Process Management (Agile & Waterfall)

· Change Tracking & Review

· Risk & Issue Management

· PowerPoint presentation creation

· Excel Spreadsheets - with the ability to do complex formulas and basic macros

Candidates are expected to be best practice in ;

· Reporting

· Project Planning – Microsoft MSP essential, with the ability to link Projects

· Milestone Analysis

· Project Mobilisation

Candidates are expected to be competent in;

· Quality Assurance

· Rapid Issue Resolution

· Stakeholder Management

· Communication

· Scope Management

Candidates should also:

· Be a strong communicator both verbal and written the ability to assimilate volume data and drawn concise conclusions.

· Display good presentation skills and can tailor communication methods for the audience, environment and setting.

· Be an active listener and displays good inter-personal skills developing strong, proactive stakeholder relationships.

· Show good planning & time management skills with the ability to prioritise multiple tasks effectively.

· Have strong problem solving skills and able to perform under pressure

· Display good negotiation and influencing skills and can use these skills appropriately

· Have the ability to take decisions within the scope of responsibility (Courageous integrity / Connected and collaborated approach in gathering information to make decision)

· Be self motivated and able to work independently, and under own initiative with a sense of ownership and accountability

· Be positive, dynamic and resilient individual, open to change and able to adapt to changing circumstances

· Respond positively to challenge, showing consideration for others views and taking these into account when making decisions.

Experience

·  Minimu 2 years PMO experience in a muti project environment.
·  Project management skills and experience, including examples of the delivery of on time and on budget – a driver with bias towards delivery at pace and controlling project outcomes
·  Experience of working in a banking environment and change projects
·  Evidence of strong communication and influencing skills
·  Good verbal and written communication skills and some experience in face to face presentation
·  Uising Jira, MSP, Sharepoint to track project progress.

Qualifications and Accreditations

·  PMP training or certification – Optional
·  Prince2 – Optional
·  Agile training – optional

For more information about the relevant additional checks for this role please contact the hiring manager.

We are an equal opportunity employer and are committed to creating a diverse environment.

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