CA Interns – Industrial training GSCs

Opening date 25-Apr-2024 Closing date 25-May-2024 Job description

Business: Global Finance Operations

Open positions: 1

Role Title: CA Interns - Industrial training GSCs

Global Career Band:8

Location: Gurgaon

Recruiter Name: Kiran Kaur

Why join us?

ALCM is one of the specialist functions within Global Finance Operations. ALCM in FinOps can be split into 2 distinct sub-specializations - Liquidity Reporting and Interest Rate Risk Risk in the Banking Book (IRRBB) reporting. This role is being advertised for IRRBB team within ALCM.

Opportunity:

This role is part of the ALCM, IRRBB Reporting vertical. The key responsibilities for this role include:
To produce the Interest Rate Risk reports, which includes Economic Value of Equity (EVE) report & Net Interest Income (NII) report. The process involves liaising with various in-country team members over email and phone. The role requires fair understanding of (1) financial products, (2) market product specific knowledge and (3) financial /management reporting (with balance sheet focus) (4) Basel III framework. The role is also accountable for NII projections in a base or stressed environment, along with global stress-testing requirements for HSBC. The role is also accountable for implementing new reports as per group framework and also for ensuring adherence of reports to the guidelines - internal & regulatory. Ensuring appropriate Reconciliation & Validation controls are in place and applied to maintain consistency of accounting processes across the submissions. Aligns practices with existing other teams in ALCM to embed global processes and standard EUC's. Providing instructions and best practice guidance to regional and global business peers. Documenting clear basis of preparation for each aspect of the consolidation process. Transition of processes/activities basis Target Operating Model (TOM).

What you'll do:

To produce the Interest Rate Risk reports for assigned geographies, which includes Economic Value of Equity (EVE) report & Net Interest Income (NII) report. The process involves liaising with various onshore team members over email and phone. The role requires good understanding of (1) financial products, (2) market product specific knowledge and (3) financial /management reporting.
To setup QRM with the relevant parameters in order to produce NII forecasts in several economic environments
To provide regions/sites with the information required in stress-tests
Fill FDSF templates for actuals and forecasts
Understand business requirements and interpret data to provide meaningful analysis to facilitate business decision-making
Analyze business performance and provide commentaries
Acquire knowledge in banking/financial services
Identify opportunities for development and drive changes independently
Co-ordinate, work-closely with in-country finance teams across the globe
Performance Standards as defined in SLA met or exceeded
Customer Feedback
Timely and accurate calculation of ratios and reporting of MI.
Quality of the commentary
Training & development of minimum 10 days per annum
Re-engineering opportunities identified and implemented
Minimal errors Six Sigma approach
Weekly and monthly meetings scheduled and conducted
Feedback on service delivery received from Business Area