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Vice President Director Asset Liability Management
HSBC
Buffalo, NY, United States
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Description
To meet increasing regulatory demands significant change will be required to the IRRBB & ALM Stress Testing architecture and processes to ensure new regulatory reporting requirements can be met. The purpose of this role is to provide overall project management of the delivery of new regulatory projects, primarily for the US IRRBB & ALM Stress Testing programme.
The scope of the role includes overall delivery of projects, including management of requirements and delivery timeline, and oversight of roll out and implementation. The role requires an understanding of regulatory reporting priorities, complex IRRBB requirements and the end-end system functionality of the Group’s IRRBB & ALM Stress Testing systems.
The role is a matrix management role, in which the role holder will be required to work closely with other ALCM Change Delivery teams, Group and Regional ALCM teams, external vendors and HOST.
Impact on the Business
• Provide end-end management of delivery of IRRBB & ALM Stress Testing projects
• Delivery of solutions that facilitates IRRBB & ALM Stress Testing reporting
• Management of delivery of IRRBB & ALM Stress Testing requirements
Customers / Stakeholders
• Develop relationships with senior Regional and Group stakeholders, to ensure understanding of requirements, priorities, risks and issues, in relation to the implementation of the new solutions.
• Work with other ALCM Change Delivery teams, external vendors and HOST stakeholders to define architecture, develop and manage plans for delivery and testing, and support resolution of functional and operational issues.
• Work with regional ALCM reporting teams to identify region specific changes, develop Regional roll out plans and manage delivery.
Leadership & Teamwork
• Take ownership of overall project plan and work with key contributors to agree their contribution
• Provide leadership to resolve design and delivery issues
• Work within ALCM matrix structure to manage project deliverables outside direct control and to appropriately influence priorities
Operational Effectiveness & Control
• Work within existing ALCM governance, supplemented by project specific governance as required
• Drive delivery of project plan, provide regular status reporting to senior management and senior steering committees
• Identify, track and resolve issues, risks and dependencies for project deliverable
Major Challenges
The role holder will be required to:
• Manage senior stakeholders primarily within the US region but also on a global basis through complex process change and systems change delivery activities
• Deal with conflicting priorities across regional and global stakeholders and respond to their requirements within tight delivery timelines without compromising quality
• Achieve results through effective management of indirect as well as direct reports (eg HOST and other ALCM Change resources who are assigned project tasks)
• Understand wider regulatory change backdrop and ensure appropriate priorities are set
Role Context
• The primary role of the ALCM Change Delivery team is to provide business change management for finance systems projects as part of the Global Finance Change Programme. The role holder will have direct management responsibility IRRBB & ALM Stress Testing projects, primarily for the US region but also globally across the Group.
• The key stakeholders are senior Regional, Group and Site ALCM teams, HOST and other internal ALCM teams.
Management of Risk
• The jobholder will also continually reassess the operational risks associated with the role and inherent in the business, taking account of changing economic or market conditions, legal and regulatory requirements, operating procedures and practices, management restructurings, and the impact of new technology.
• This will be achieved by ensuring all actions take account of the likelihood of operational risk occurring.
• Also by addressing any areas of concern in conjunction with line management and/or the appropriate department.
Observation of Internal Controls
• The jobholder will also adhere to and be able to demonstrate adherence to internal controls. This will be achieved by adherence to all relevant procedures, keeping appropriate records and, where appropriate, by the timely implementation of internal and external audit points, including issues raised by external regulators.
• The jobholder will implement the Group compliance policy by containing compliance risk in liaison with Global Head of Compliance, Global Compliance Officer, Area Compliance Officer or Local Compliance Officer. The term ‘compliance’ embraces all relevant financial services laws, rules and codes with which the business has to comply.
• This will be achieved by adhering to all relevant processes/procedures and by liaising with Compliance department about new business initiatives at the earliest opportunity. Also and when applicable, by ensuring adequate resources are in place and training is provided, fostering a compliance culture and optimising relations with regulators.
Qualifications
Technical Skill Requirements
• A solid IRRBB reporting knowledge
• An understanding of change delivery lifecycles and delivery methodologies
• A strong appreciation of systems and data architectures, specifically in a finance environment
• Excellent analysis skills, with ability to structure problems and find solutions
• Proficient in Microsoft Office applications (Word, Excel, Visio, Powerpoint, Project)
Educational Requirements
• Educated to minimum of degree level or equivalent professional qualification
Personal Skill Requirements
• Excellent stakeholder management skills
• Mature and independent - able to work with little supervision
• Ability to professionally and effectively present information and respond to questions from all levels of management
• Proficiency in creatively problem solving
• A self-starter with excellent written/verbal communication skills
• Desire and commitment to make a difference
• Team player able to manage conflict and conflicting priorities
• Ability to provide direction to more junior colleagues
• Ability to quickly attain understanding of new systems and processes
Experience
• Financial Services Project Experience across both internal reporting and regulatory requirements, with solid experience of IRRBB reporting processes
• Experience in change management, driven by IT systems implementation or enhancement, across a large organisation
• Track record of successful delivery
• Demonstrated experience of large scale project implementations involving IT
• Experience of working in a large, global banking organisation
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