AVP - Finance

HSBC Group; Mumbai; On-site; INR 1,200,000 - 2,500,000; Full time

Job summary

HSBC Group in Mumbai seeks a finance professional to drive internal reporting and planning within International Wealth and Premier Banking. You will prepare group MI, P&L analysis, and local packs for Exco while partnering with senior stakeholders.

The role focuses on cost analysis, profitability reviews, and ensuring compliance with Group policies, with opportunities to influence financial strategy and performance within a global bank.

Qualifications

• 2–6 years of work experience in BFSI space.
• CA or MBA qualifications preferred.
• Strong governance, regulatory and risk awareness.

Responsibilities

• Prepare monthly local and group reporting packs for Exco and senior management.
• Lead quarterly and annual operating plan cycles with stakeholder input.
• Perform variance, performance and P&L analysis with commentary (AUM, GSR).
• Drive cost analysis and identify opportunities for cost savings.
• Ensure adherence to Group Compliance Policy and risk controls.
• Collaborate with CFO and senior stakeholders to strengthen financial discipline.

Skills

Financial analysis

Management reporting

P&L analysis

Cognos TM1

Education

CA

MBA

Tools

Cognos TM1

Job description

Some careers open more doors than others.

If you’re looking for a career that will unlock new opportunities, join HSBC and experience the possibilities. Whether you want a career that could take you to the top, or simply take you in an exciting new direction, HSBC offers opportunities, support and rewards that will take you further.

Business Descriptor:

International Wealth and Premier Banking (IWPB) provides a leading premium proposition through Premier Banking and, together with our Private Bank, are present across the world’s most important markets, booking centres, and corridors most valued by our clients. Our wealth offering is f+D9urther enhanced through our best-in-class manufacturing capabilities in Asset Management and Insurance. HSBC Asset Management, the investment management business of the HSBC Group, invests on behalf of HSBC’s worldwide customer base of retail and private clients, intermediaries, corporates and institutions through both segregated accounts and pooled funds. HSBC Asset Management connects HSBC’s clients with investment opportunities around the world through an international network of offices in 23 countries and territories, delivering global capabilities with local market insight.

Maintain HSBC internal control standards, ensuring timely remediation of audit findings and regulatory issues, while delivering accurate financial reporting, planning and insight to support business decision-making.

Roles & Responsibilities:

• Group and local MI/reporting, including Flash & Actual Profit and Loss (P&L), detailed MI (Management Information) packs with commentary, Cognos (TM1), cost centre reporting, and Assets Under Management (AUM) reporting by asset class and customer group.
• Deliver quarter-end and year-end Group submissions.
• Produce detailed variance and performance analysis with commentary (P&L, Balance Sheet, AUM/ Group Sales Report (GSR), run-rate, outlook).
• Lead Annual Operating Plan, Rolling Operating Plan and Financial Resource Plan cycles, including stakeholder challenge, negotiation and alignment.
• Prepare local monthly reporting packs for Exco and all Senior Management decks
• Respond to monthly and ad-hoc reporting requests from local/regional stakeholders.
• Perform expense analysis (line-by-line) and provide actionable insights.
• Assess product profitability and prepare/review fully loaded P&Ls for new/existing products.
• Ensure adherence to Group Compliance Policy and maintain strong operational risk awareness within the role.
• Partner with senior Finance and business stakeholders; drive strong financial discipline and identify revenue uplift/cost-saving opportunities in consultation with the CFO.

Minimum Graduation or as required for the role, whichever is higher
Knowledge and Experience

• Professional qualification in Accountancy or Management Graduation (CA/MBA)
• Work experience of 2-6 years in the BFSI space.

Note:
As an employee, you are required to perform your duties in a professional capacity exercising independent judgement, discretion and decision-making authority in planning, organising, directing work, supervising and appraising the work of team members, as applicable; and taking accountability for delivery outcomes. You will represent the organization with relevant internal and external stakeholders. You will allocate and prioritize work, provide direction and feedback, manage team capacity and leave in line with policy as applicable.

You’ll achieve more at HSBC.

HSBC is committed to building a culture where all employees are valued, respected and opinions count. We take pride in providing a workplace that fosters continuous professional development, flexible working and opportunities to grow within an inclusive and diverse environment.

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Issued by HSBC Global Asset Management India Private Limited