VP MI Systems and Cntrl, INM FIN

HSBC Holdings plc; Mumbai; On-site; INR 1,600,000 - 2,200,000; Full time

Benefits offered by this job

Restaurant d'entreprise

Indemnités de stage/alternance

Job summary

HSBC Holdings plc in Mumbai is seeking a VP Regulatory Reporting to manage RBI regulatory submissions and ensure compliance across reporting outputs. The role requires strong RBI knowledge, CA qualification, and collaboration with Operations, Risk, and Finance teams to deliver accurate, timely returns.

You will interpret RBI circulars, maintain internal controls, and support audit readiness while contributing to regulatory reporting excellence within Global Finance.

Qualifications

• Experience in preparing RBI regulatory returns and reviewing them for accuracy.
• Strong knowledge of RBI guidelines, Indian accounting standards and related circulars.
• Excellent communication, analytical and stakeholder-management skills.

Responsibilities

• Prepare RBI regulatory returns and perform first-level reviews.
• Coordinate with Operations, Risk, Finance and Compliance teams.
• Interpret RBI circulars and translate into reporting requirements.

Skills

Regulatory reporting

RBI regulations

Stakeholder management

Communication skills

Analytical thinking

Education

Chartered Accountant

Tools

MS Excel

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:

Global Finance

Global Finance is integral to HSBC’s purpose and strategy, playing a valued role in managing costs and deploying capital in the most effective way. Our global team of finance professionals partner with the business to provide trusted insights and forward looking analysis; accuracy; efficiency and control to frame and influence business decisions

Principal Responsibilities

The VP regulatory reporting is a role within the regulatory reporting team of finance, which is responsible for preparation and initial review of various regulatory returns to be submitted to RBI to ensure compliance related to financial aspect.

The jobholder is expected to be aware of the RBI guidelines, regulations and various accounting standards and the constant changes to them. Key responsibilities include:

• To ensure correct and timely preparation of all RBI returns (for some returns be the first reviewer)


• Liaise with various stakeholders to ensure above


• Able to read, interpret and articulate regulatory circulars (RBI) and translate them into reporting requirements


• Knowledge of: DSB 1 (ALE), DSB 4 (RAQ), Basel III Capital Adequacy, Leverage Ratio, PRA RWA, Form A and RBS returns will be an added advantage


• Strong stakeholder management with Operations team, Risk, Finance and Compliance


• Support during RBI onsite inspection and other audit requirements

Principal Accountabilities: Key activities and decision making areas

Impact on the Business

• Preparing the returns to be submitted to RBI in line with RBI requirements/ guidelines


• To conduct a first level review on certain returns and prepare some returns, which would be submitted to RBI


• Statutory closing / certification / Long Form Audit Report


• Meeting the deliverables on Automated Data Flow (ADF) project.

Customers / Stakeholders

• Reserve Bank of India (RBI), India’s Central Bank


• Business Group/ Functions


• Statutory / Concurrent / Internal Auditors

Leadership & Teamwork

In this role, the job holder has primarily to do a lot of teamwork within the regulatory team, CAO team, finance team and outside finance with business/ functions to ensure compliance.

Operational Effectiveness & Control

• Maintain HSBC internal control standards, implement and observe Group Compliance Policy and maintain awareness of operational risk and minimize the likelihood of it occurring


• Ensure proper filing and archival of records so that the same are available to the inspectors and to the senior managers at the time of discussion


• Look for opportunities for cycle time reduction and simplification

Qualifications - External

Qualifications/Requirements:

• 4-7 years of work experience with international bank


• 4-7 years of post qualified experience as a Chartered Accountant (this can be subsituted with more experience in relevant field, ie 6-10 years of experience)


• Good knowledge on RBI regulations


• Good knowledge on Indian Accounting Standards


• Good communication and presentation skills


• Strong analytical and excel skills


• Good interpersonal skills

Pro-Tip: Familiarity with AI-enabled tools is an advantage.

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.

Personal data held by the Bank relating to employment applications will be used in accordance with our Privacy Statement, which is available on our website.

Issued by The Hongkong and Shanghai Banking Corporation Limited, India