Job Description

AVP – Hedge Accounting is expected to act as an individual contributor delivering P&L production, analysis & commentaries, P&L and Balance Sheet Reconciliations & substantiation, Hedge Designations/Documentations, De-designation & Re designations (Fair Value, Cash Flow Hedge- Micro and Macro and Fair Value Options), having sound knowledge of Interest Rate Swaps & Bond valuation and reporting activities pertaining to Global Markets business

The role is expected to cover the following areas of responsibility:

• To ensure all Hedge Accounting processes are performed in line with Hedge Accounting FIM and SOX compliance.
• Ensure service delivery of Finance Product Control processes per the standards set out in agreed SLAs within the HSBC Global Resourcing operating framework taking into account key operational risk (including people & processes) and ways to mitigate them and operating a well-defined control environment
• Functionally manage a team of finance professionals managing contingencies, learning & development, succession & progression planning, expectations and attrition management.
• Initiate and implement high-impact quality projects leading to operational efficiency and higher productivity (Within Six Sigma, Lean process improvement methodology)
• Continuous review of processes with the objective of improving the service delivery timeframes and identify areas of improvement

Roles & Responsibilities

The role holder will carry out activities that will include most of the following:

• Participate in Hedge Accounting Transformation Program
• Leading ad hoc project and analysis work requested by line management
• Adhering to and actively supporting established policies and procedures in own team
• Acting as an initial point of escalation for team members
• Acting in an advisory role/influence the direction of own discipline
• Acting proactively and coming up with ideas for enhancements to the team's activities
• Directly influencing the operational effectiveness of the team

Your Skills and experience

Your Experience and qualifications

• Qualified Chartered Accountant/ CWA/CPA /CFA / MBA from Tier I/II institute with at least 8+ years of experience in Hedge Accounting
• Knowledge of various Global Market products like Equities, Foreign Exchange, fixed income, Derivatives - Options, Interest rate swaps, Credit Derivatives etc.
• Good knowledge of IAS 39/IFRS 9 is mandatory, specifically related to Hedge Accounting strategies.
• Proven ability to manage migrations of finance processes and exposure to diverse/multi-culture work environments with strong organization, time management and prioritization skills
• Excellent communication skills and presentation skills are mandatory
• Interpersonal skills: persistent, ability to work effectively with senior & junior staff, ability to challenge inputs from senior colleagues in a constructive manner, ability to give feedback positively, co-ordinate work across multiple teams, multi-tasker
• Proficiency in MS Office Suite and experience in working on MS Access databases
• Ideally, experience of functionally managing team of between 3-5 members or experience of being a senior/deputy within a team.
• Global Exposure and experience in multi-tasking

Company Details

About Company

HSBC

Company Information

0000FELR
Job Field: Finance
Role Workstyle: Office Working
Primary Location: Asia Pacific-India-Haryana-Gurgaon
Job Type: Permanent - Full Time
Job Posting: 24-Nov-2021, 07:45:27
Closing date: 24-Dec-2021, 18:29:00

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