Americas Regulatory Reporting Transaction Tester

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We are currently seeking an experienced professional to join our team in the role of

Americas Regulatory Reporting Transaction Tester

Role purpose:

This position will be responsible for ensuring the data integrity of the regulatory Reporting processes by testing transactions and validating they are reported correctly on regulatory returns.  This role will be instrumental in the delivery of global Project Magnus objectives with primary focus on strengthening the US Regulatory Reporting data integrity.

Project Magnus is a global reporting improvement program, covering Financial and Regulatory Reporting Risk, with primary focus on the accuracy of regulatory (non-SOX) reporting across the Americas region and Group. Project Magnus will define and implement globally consistent control standards across end-to-end processes for the most critical regulatory reports and also uplift the Regulatory Reporting inventory management framework and systems, with the ultimate goal of delivering strategic, preventative and integrated control design and execution along with standardization and simplification of reporting processes, systems and data architecture.

Main activities: 

·         Reverse engineering report balances down into transactions

·         Ensuring transactions are properly aligned to report line items\cells reporting instructions

·         Using appropriate sampling techniques to ensure the testing population is of appropriate size to efficiently and effectively progress testing

·         Providing inputs and status updates to regional and/or global Project Magnus Steering Committees and US other executive meetings (e.g., US Audit Committee and US Executive Committee)

·         Supporting the Americas regional Magnus team with alignment of other in-flight US remediation programs with design principles and control outcomes required to meet Magnus standards

·         Strong Knowledge on SOX 404 Internal Controls, COSO Frame work and Guidelines.

·         Ability to interact with the Global Business and Process Owners to review the Process and Internal controls associated with the Business.  

·         Conduct Walkthrough Meetings with Process Owners, along with In-country controls Team & PWC Auditors.

·         Strong Knowledge in Business Functions for the various Business Areas in HSBC.

·         Ability to understand the Process, Polices & Procedures to Assess the Effectiveness of SOX controls.

·         Adhere to the ICMP (Internal Controls Monitoring Plan) and work closely with the In country Controls Team.

·         Understanding various Systems and their Functionality which are used by the Business Areas and are Under Scope of SOX Controls.

·         Preparation of critical Month end deliverables, SOX testing and highlighting of issues to business partner / management.

·         Managing the overall control environment in GFOC and creating awareness across teams and levels with a view to manage operational incidents and ensure compliance with Global standards

·         Facilitate and evaluate the risk and control assessment for the processes at GFOC to ensure that risks and underline controls are adequately identified and assessed

·         Knowledge of finance functions such as Regulatory reporting, Accounting, Reconciliation and reporting in the financial services sector is a must

·         Understanding of SOX, operational risk and COSO frameworks would be required

·         At least 10 years of relevant experience in financial services sector. Should have managerial experience of at least 3 years in Regulatory reporting, accounting and knowledge of HSBC systems.

·         Strong audit and or control function experience would be beneficial

·         Risk and control experience as a first line of defense.

·         Experience in performing risk and control assessments, conducting risk committees and managing SOX framework is recommended

·         Experience of interacting with auditors / performing audits would be preferred

¡You’ll achieve more when you join HSBC!

At HSBC we offer our colleagues a greater number of days so that they can fully enjoy their wedding, take care of the new member of the family, or grieve the loss of a family member. Our paid leave package is at the forefront in Mexico, now you have one more reason to be HSBC and proudly live a culture of well-being, balance and care

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.

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