Financial Reporting and Tax Risk Vice President
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Job Location:
Monthly Salary:
Posted on:
30+ days ago
Vacancies:
1 Vacancy
Job Summary
Job title: Financial Reporting and Tax Risk Vice President
Purpose of the role:
- The Financial Reporting and Tax Risk(Risk and Control team) provides effective stewardship of our external and tax reporting through strong subject matter expertise with oversight of the control environment through timely and robust review and challenge. This function forms part of the second line of defence with a critical role in our firms risk management and is newly structured as a centralised global team bringing together different elements of risk stewardship in Global Finance for the first time.
- The role holder will support the execution of Financial Reporting and Tax Risk which includes effective risk management through oversight of the framework policy standards and processes that supports the assessment of HSBCs management of Financial Reporting and Tax Risk.
In this role you will:
- The role holder will serve as a delegate Risk Steward for Financial Reporting and Tax Risk in this capacity the role holder should support in challenging the first line Process Risk and Control owners to ensure that risk management activities are working effectively.
- Provide subject matter expertise advice guidance and effective challenge to Process Risk and Control Owners;
- Development own and monitor a comprehensive set of clear and concise policies that outline the key principles and minimum requirements applicable to the management of the risk and monitor compliance;
- Report on the risk and control profile including impacts of external environment changes emerging risks and changes to the business strategy;
- Work with the businesses and functions to understand the impact of emerging risks that require changes to controls resources and business operations to ensure they remain within appetite;
- Recommend Risk and Control Assessment (RCA) scoping and challenge where this is not appropriately applied;Challenge Risk and Control Owners on risk and control management including inherent risk residual risk control effectiveness ratings issues actions and events; and
- Review challenge and agree the Financial Reporting and Tax Risk assurance plan. This will include identifying where target or demand based assurance is required.
- Support execution of required second line of defence responsibilities under the HSBC Non-Financial Risk Framework for Financial Reporting and Tax Risk including production of a consolidated view of the effectiveness of Financial Reporting and Tax Risk management.
To be successful you will:
- 11 years post qualification experience in financial risk and control profile.
- Qualified Chartered Accountant (CA) with exceptional drive commitment and focus in operational excellence.
- Detailed understanding of the Finance operating model at Group Business and Country levels
- Proved experience leading implementing and/or improving end-to-end processes
- Solid leadership skills with experience in managing people in a large matrix organisation
- Expert knowledge of Financial Reporting and Tax Risk compliance procedures
- Experience of working with Enterprise Risk Management Internal and External Audit
- Excellent business writing skills. Excellent communication presentation and influencing skills
achieve more at HSBC
HSBC is an equal opportunity employer 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. We encourage applications from all suitably qualified persons irrespective of but not limited to their gender or genetic information sexual orientation ethnicity religion social status medical care leave requirements political affiliation people with disabilities color national origin veteran status etc. We consider all applications based on merit and suitability to the role.
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 HSBC Electronic Data Processing (India) Private LTD***
Required Experience:
Exec
Key Skills
About Company
HSBC Holdings plc is a British multinational investment bank and financial services holding company. It was the 7th largest bank in the world by 2018, and the largest in Europe, with total assets of US$2.558 trillion.
