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Assistant Vice President Finance Operations

https://www.hsbc.com Logo

HSBC

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Location:
India, Chennai

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Category:
Finance

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Contract Type:
Employment contract

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Salary:

Not provided

Job Description:

HSBC is one of the largest banking and financial services organisations in the world, operating in 62 countries and territories. The Assistant Vice President Finance Operations role entails leading the preparation and review of consolidated financial statements in accordance with IFRS. Responsibilities include managing consolidation processes, providing technical expertise, collaborating with teams, supporting strategic projects, and mentoring junior team members.

Job Responsibility:

  • Lead the preparation and review of consolidated financial statements in accordance with IFRS 10 for a portfolio of funds and holding entities
  • Assess control and determine consolidation requirements for entities based on IFRS 10 principles (control, power, exposure to variable returns, etc.)
  • Collaborate with investment, legal, and operations teams to gather input for consolidation assessments
  • Manage monthly, quarterly, and annual consolidation processes, including elimination of intercompany balances and transactions
  • Provide technical expertise on IFRS 10 and related standards (e.g., IFRS 12, IAS 27) to ensure compliance and resolve complex accounting issues
  • Assist in preparing board packs, investor reports, and audit deliverables
  • Liaise with external auditors, regulators, and other stakeholders to support audit and compliance activities
  • Contribute to the continuous improvement of reporting processes, controls, and systems related to consolidation
  • Support strategic projects, including fund launches, liquidations, and restructuring from a consolidation standpoint
  • Train and mentor junior team members, promoting knowledge of IFRS-based consolidation practices

Requirements:

  • Recognized professional Accounting or Management qualification (CA/CPA/ACCA/MBA/ICWAI) with 10+ years of experience predominantly in Finance, including in leadership positions managing complex requirements from senior stakeholders
  • Strong knowledge of month end closure & Reporting processes at large financial institutions will be preferred
  • Experience and working knowledge of US GAA, IFRS and regulatory reporting frameworks such as FINREP, COREP, with deep understanding of financial disclosure and compliance requirements
  • Proven track record of controllership role in BFSI sector and sound knowledge of businesses such as Retail, Commercial and Global Banking etc.
  • Strong experience and working knowledge of General Ledger like Oracle, SAP, PeopleSoft including related data flows
  • Experience that demonstrates ability to deliver BAU and Change/ Transformation Projects
  • Good knowledge of Analytical tools, MS Access Database, SAS will have an added advantage
  • Proven track record of driving re-engineering, process synergies and technology-based solutions
  • Excellent communication skills with the ability to convey complex financial concepts clearly
  • Experience in designing, implementing and validating the effectiveness of process controls.

Nice to have:

Good knowledge of Analytical tools, MS Access Database, SAS will have an added advantage

What we offer:
  • Equal opportunity employer
  • Inclusive and diverse environment
  • Continuous professional development
  • Flexible working
  • Opportunities for growth

Additional Information:

Job Posted:
July 31, 2025

Expiration:
August 03, 2025

Employment Type:
Fulltime
Work Type:
Hybrid work
Job Link Share:
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