IRR Regulatory Returns SME - HSBCJP00047002
- London, Greater London (GBR)
- £650 - £750 Per Day
- 8 Months
- Start date: ASAP
- Ref: HSBCJP00047002
- regulatory change
- reporting
- pra
- change programmes
- governance
- sme
- regulations
- reports
- programme delivery
- banking
Job Title: Regulatory Return SME - Integrity or Regulatory Reporting Programme
Duration: Until 2024
Location: HSBC London
Pay Rate: £650 – 750 Per Day (competitive) (PAYE or Umbrella Option)
Overview:
Under the broader Magnus Programme, the uplift for PRA prudential returns will be delivered through the Integrity or Regulatory Reporting Programme (IRR). This programme addresses the actions to: (i) manage the increased risk in respect of our current regulatory reporting; (ii) remediate regulatory reporting issues in the near term; and (iii) deliver strategic uplift in our end-to-end regulatory reporting processes.
Jointly sponsored by Finance and Risk, the vision for the IRR is “delivery of a sustainable regulatory reporting function delivering reliable regulatory returns”. Its scope is prudential reporting for the following PRA-regulated entities: HSBC Holdings plc, HSBC Bank plc and HSBC Bank UK plc. It will leverage, to the extent possible, existing Change programmes to deliver the required uplifts.
Role Purpose:
This senior role will provide regulatory reporting SME insights to the project delivery work stream, thereby, ensuring control and delivery standards are aligned to the overall Mangus programme delivery framework and guidance. The role requires extensive interaction with senior stakeholders across risk, finance and risk teams on a regular basis. The incumbent will directly report into the IRR Business and Finance lead.
Key responsibilities include, but not limited to:
- As a regulatory return SME in the programme, provide insights, review and challenge changes to system and data model, processes and controls in line with broader reporting submission objectives.
- Manage engagement with regulatory reporting teams and programme delivery including supporting change delivery, management and support of emerging issues.
- Review and recommend enhancements to production processes and controls by working with both the embedded risk, change delivery and control functions.
- Review implementation of regulatory change delivery and control uplift relating to updates for capital requirements, Pillar 3 submissions and other PRA returns.
- Assist with the analysis and communication of policy and market developments in regulatory reporting and update senior management of any upcoming changes.
- Support operating model and data traceability delivery with SME inputs, review of deliverables and recommendations.
- Ensure strong governance is in place around regulatory reporting change delivery in IRR scope.
- Support production of key management review materials and updates to senior management including relevant governance forums.
- Develop a continue assurance and review approach for IRR control uplift deliverables, provide feedback and recommend changes to delivery and embedding approach.
- Act as a SME conduit between the PRA programme delivery requirements and wider Magnus objectives to ensure consistency across all regulatory return’s delivery.
Role requirements:
- Previous experience of production, analysis and submission of the statistical returns required by the Bank of England, supervisory returns for the PRA and/or European Banking Authority (FINREP, PRA, BoE and COREP reports) at a senior level will be essential for the role.
- Overall knowledge of finance processes and controls, previous HSBC experience preferable.
- Clear understanding of regulator expectations and able to communicate regulatory information to stakeholders;
- Excellent knowledge of current and future regulations;
- Ability to work independently and be self-motivated.
- Fully qualified Accountant (ACA/ACCA/CA/CIMA) or a similar educational qualification required.
- Strong problem-solving/analytical abilities needs to be able to distil complex problems into manageable parts and plan work accordingly.
- Excellent communication skills and ability to articulate complex information in clear and structured way to suit audience.
- Ability to a provide a proactive focus on risk/issue identification and mitigation, recognising where MI should be escalated for further review.
- Promote a culture of control awareness and best practice across the regulatory return processes.
- Excellent excel and presentation skills will be an advantage.
- Ability to effectively work with global and regional teams in Risk, Finance and relevant Transformation functions.
· Proven ability to take ownership and accountability – “Self-Starter”
· ‘Can Do’ attitude and strong focus on getting things done.
If you think you are up for the task and feel you meet the above criteria or interested to hear more information, please contact me on Renn.alfonso@tapfin.com
