CA Interns – Industrial training GSCs (Start ASAP)

About HSBC

HSBC is a multinational banking and financial services company that provides a wide range of banking products and services to individuals, businesses, and institutions worldwide. The company offers retail banking, commercial banking, investment banking, and wealth management services, among others, catering to diverse financial needs.

Your role

ALCM is one of the specialist functions within Global Finance Operations. ALCM in FinOps can be split into 2 distinct sub-specializations – Liquidity Reporting and Interest Rate Risk Risk in the Banking Book (IRRBB) reporting. This role is being advertised for the IRRBB team within ALCM.  

Opportunity:

This role is part of the ALCM, IRRBB Reporting vertical. The key responsibilities for this role include:

• Production of Interest Rate Risk reports, including Economic Value of Equity (EVE) and Net Interest Income (NII) reports.
• Liaising with in-country team members via email and phone.
• Requires understanding of financial products, market-specific knowledge, financial and management reporting (with balance sheet focus), and Basel III framework.
• Accountability for NII projections in base or stressed environments, along with global stress-testing requirements for HSBC.
• Implementing new reports as per group framework and ensuring adherence to internal and regulatory guidelines.
• Establishing appropriate Reconciliation & Validation controls to maintain consistency in accounting processes.
• Alignment of practices with other teams in Asset Liability & Capital Management (ALCM) to embed global processes and standard End-User Computing (EUC) practices.
• Providing instructions and best practice guidance to regional and global business peers.
• Documenting a clear basis of preparation for each aspect of the consolidation process.
• Transitioning processes/activities based on the Target Operating Model (TOM).

What you’ll do:

• To produce the Interest Rate Risk reports for assigned geographies, which include the Economic Value of Equity (EVE) report & Net Interest Income (NII) report. The process involves liaising with various onshore team members over email and phone. The role requires a good understanding of (1) financial products, (2) market product-specific knowledge, and (3) financial /management reporting.
• To set QRM with the relevant parameters to produce NII forecasts in several economic environments.
• To provide regions/sites with the information required in stress-tests.
• Fill FDSF templates for actuals and forecasts.
• Understand business requirements and interpret data to provide meaningful analysis to facilitate business decision-making.
• Analyze business performance and provide commentaries.
• Acquire knowledge in banking/financial services.
• Identify opportunities for development and drive changes independently.
• Co-ordinate, closely with in-country finance teams across the globe.
• Performance Standards as defined in SLA met or exceeded.
• Customer Feedback.
• Timely and accurate calculation of ratios and reporting of MI.
• Quality of the commentary.
• Training & development of a minimum of 10 days per annum.
• Re-engineering opportunities identified and implemented.
• Minimal errors Six Sigma approach.
• Weekly and monthly meetings scheduled and conducted.
• Feedback on service delivery received from Business Area.

Training & Development

Throughout your internship, you will be encouraged to leverage your talents and academic background to enhance the bank's operations while refining both your professional and personal skills. Practical training will be provided to complement your academic pursuits, instilling the bank's values as you progress in your career. You will have the opportunity to develop your skills and banking expertise in an authentic work setting, with chances to assume responsibilities across a variety of engaging projects.

Benefits

Embarking on a journey with HSBC as an intern unlocks a treasure of perks and advantages, including:

• Monthly compensation
• Medical facilities
• Office facilities
• Real-work experience
• Professional network in the banking and financial services industry

Career Progression

HSBC is dedicated to cultivating a culture that values every employee, respects individual contributions, and places a premium on diverse perspectives. Their commitment extends to creating a workplace that prioritizes continuous professional development, offering growth opportunities, and embracing a flexible working environment. Whether through tailored professional development programs or a diverse range of growth opportunities, HSBC is committed to empowering its workforce to thrive in a dynamic and inclusive professional landscape.

Work-life Balance

They provide hybrid work arrangements, granting you the flexibility to work from home when necessary. The culture prioritizes flexibility, teamwork, learning, and well-being in physical and virtual work settings, enabling you to maintain a balanced personal and professional life.

Culture & Vibe

HSBC is dedicated to cultivating a culture where every employee is valued and respected, and their opinions are valued. They take pride in creating a workplace that encourages ongoing professional growth, offers flexible work arrangements, and provides opportunities for advancement within a diverse and inclusive environment.

About you

What you will need to succeed in the role:

• Pursuing CA Interns for Industrial training
• Deep understanding of Balance Sheet and P&L
• Strong analytical skills
• Good understanding of financial products and how they impact finance operations and more generically the banking business
• Excellent working knowledge of MS-related products i.e. Excel, PowerPoint, and Access

Additional skills will be good to have:

• Basic knowledge of SQL database (preferable)
• Knowledge of QRM is a significant plus
• Ability to communicate complex ideas simply to a global audience
• Ability to develop effective working relationships with stakeholders of different seniority and geographical location
• Excellent communication skills and presentation skills are mandatory, as are good tact and diplomacy, as the role requires relationship management with other individuals and teams within the HSBC Group

Sources

The following sources were used in researching this page:

• hsbc.com
• youtube.com