Vice President Regulatory Reporting

HSBC; Singapore; On-site; SGD 90,000 - 130,000; Full time

Job summary

HSBC is seeking a VP of Regulatory Reporting to ensure compliance with RBI regulations and manage capital-related returns. The role involves collaboration with various stakeholders and requires analytical expertise, strong communication, and a solid understanding of banking products and regulations.

Qualifications

• 3-5 years of experience with an international bank.
• Strong knowledge of RBI regulations and BASEL rules.
• Excellent communication, presentation, analytical, and Excel skills.

Responsibilities

• Prepare and review regulatory returns submitted to RBI.
• Ensure compliance with BASEL requirements.
• Monitor RWAs according to PRA/HKMA standards.

Skills

Communication

Analytical

Excel

Job description

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, managing costs and deploying capital effectively. Our team of finance professionals provides trusted insights and analysis to influence business decisions.

Principal Responsibilities

The VP of Regulatory Reporting is responsible for the preparation and review of regulatory returns submitted to RBI, ensuring compliance with financial regulations. The role requires awareness of RBI guidelines and regulations, including their ongoing updates.

• Ensure compliance with BASEL requirements as specified by RBI, coordinating with Credit Services and Customer Groups.
• Monitor RWAs according to PRA/HKMA standards and prepare relevant reports.
• Identify opportunities to optimize capital usage to support business objectives.
• Support RBI onsite inspections and understand RBI requirements for interpretation and implementation.
• Ensure the timely and accurate preparation of capital-related RBI returns.
• Archive and retrieve information efficiently.

Key Activities and Impact

• Assist SVP Regulatory Reporting in assessing the impact of regulatory changes on the business, including communication with management and ALCO.
• Forecast capital adequacy based on business performance and regulatory changes.
• Prepare and review RBI returns in compliance with guidelines.
• Contribute to the Automated Data Flow (ADF) project.

Stakeholders

• Reserve Bank of India (RBI)
• Business Finance teams and Lines of Business
• Statutory Auditors

Leadership & Teamwork

This role involves teamwork within the regulatory, CAO, and finance teams, as well as collaboration with business functions to ensure compliance.

Operational Effectiveness & Control

Maintain HSBC's internal control standards, ensure compliance with policies, minimize operational risks, and ensure proper record-keeping for inspections and management review. Seek opportunities to improve cycle times and simplify processes.

Requirements

• 3-5 years of experience with an international bank.
• Strong knowledge of RBI regulations and BASEL rules for RWAs, HKMA, and UK FSA reporting.
• Excellent communication, presentation, analytical, and Excel skills.
• Good understanding of banking products and their regulatory implications.
• Interpersonal skills and ability to work in a team environment.

HSBC is committed to fostering an inclusive, respectful workplace that supports professional growth and diversity.