Manager, Regulatory Reporting
HSBC 2
Vancouver, British Columbia, Canada
6d ago

HSBC is Canada's leading international bank - there is no one like us in this market.

For almost 40 years, our ability to bring our global experience and perspective to evolving trends and issues in Canada has been a tremendous benefit to our clients.

With our offer of unique banking solutions, as well as an extensive global network, no one is better placed to support internationally minded individuals and businesses.

HSBC helps companies and individuals across Canada to do business and manage their finances internationally through three global business lines : Commercial Banking, Global Banking and Markets, and Retail Banking and Wealth Management.

It's through this global connectivity that you will find yourself inspired, collaborating with colleagues not just locally but also across continents and cultures.

About Global Functions

HSBC's Global Functions play a vital role in supporting the bank's Global Businesses and offer a broad range of career opportunities in areas from Legal, Risk and Finance to Human Resources, Sustainability, Marketing and Communications.

Our operational and functional teams around the world help HSBC's Global Businesses to operate efficiently and effectively on a day-to-day basis.

They also focus on controls and governance to reduce risk and protect the Group's reputations.

Global Finance plays a vital role in ensuring that HSBC manages costs and deploys capital in the most effective way. The team provides financial insight, accuracy and control, using analytical skills to support our Global Businesses and influence and challenge business decisions.

Key Objectives for Manager, Regulatory Reporting :

This role is responsible for implementation of Basel 3 Reforms that are required by Basel, Office of the Superintendent of Financial Institutions and other major Regulators that supervise the Group and its subsidiaries.

The team will also be responsible for internal management reporting of the impacts at both a Business and legal entity level to assist businesses in their Risk Weighted Assets planning under the future regulation.

The primary focus of the team will be the reporting and analysis of wholesale credit and counterparty credit risk Risk Weighted Assets impacts but will also be responsible for coordinating with other functions and businesses on other aspects of the new requirements e.

g. Operational Risk, Leverage Ratio and Credit Valuation Adjustment.

The role purpose is to perform data collection, Risk Weighted Assets calculations and reporting activities as part of the Group activity relating to impact assessment of regulatory changes from the Basel 3 Reforms directly and the interpretation of those reforms by local regulators globally.

Principle Accountabilities :

  • Responsibility and ownership of analysis and reporting relating to the credit and counterparty credit risk for Basel 3 Reforms monitoring internally.
  • Deep dive activities : analysis of specific issues identified during reporting process, regulator queries or regulator Question & Answer related.
  • Regionally located role holders will work predominantly within the local regulatory relationship management process to address regulatory queries, however the role holder at this level will be expected to ensure the effective cooperation and coordination across the team globally.

  • Lead the internal support for Global Businesses both regionally and centrally to assist in Risk Weighted Assets planning.
  • Work with global functions such as Group Risk and Global Risk Analytics to make sure relevant Risk Weighted Assets production and capital information is accurate and timely.
  • Working with the Finance Program Lead and Quantitative Impact Study Coordinator, the Global Finance Center Region team and regional Busines As Usual Region teams.
  • Lead the collaboration across Financial Control and Global Finance with a culture of 'One Team'.
  • Mange the relationship with Global Risk Analytics and Global Businesses
  • Responsibility for ensuring control procedures are designed effectively and operate robustly such that they meet internal and external audit and regulatory expectations consistent with our market-leading reputation for transparency and quality.
  • Actively participate in the Quantitative Impact Study Coordinator governance providing clear and concise updates to senior management.
  • Identify opportunities to improve the Quantitative Impact Study Coordinator reporting process and raise with relevant team
  • Anticipate, identify and mitigate operational risk in an appropriate, cost effective manner
  • Qualifications

    Knowledge & experience / Qualifications :

  • Qualified accountant or finalist (CGA / CMA / CA) plus 3 years' experience on relevant roles of increasing responsibility.
  • Knowledge of Office of the Superintendent of Financial Institutions and other regulatory reporting requirements;
  • Knowledge and experience of Basel III Reforms proposals;
  • Knowledge regulatory developments;
  • Previous experience in a reporting role essential;
  • Preferably a qualified Accountant;
  • Excellent interpersonal and communication skills, both written and oral;
  • Self-motivated and capable of working as part of a team;
  • Good mathematical and analytical skills;
  • Ability to work under pressure, report to tight deadlines and deal effectively with issues as they arise.
  • An understanding of HSBC's consolidations systems and processes would be an advantage.
  • Excel expertise. E.g. To manipulate data quickly using pivots, sorts, filters, macros, etc.
  • HSBC Proud

    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 Canada 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.

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