Some careers have more impact than others.

If you’re looking for a career where you can make a real impression, join HSBC and discover how valued you’ll be. HSBC is one of the largest banking and financial services organizations in the world, with operations in 62 countries and territories. We aim to be where the growth is, enabling businesses to thrive and economies to prosper, and, ultimately, helping people to fulfil their hopes and realize their ambitions. We are currently seeking an experienced professional to join our team in the role of VP - IFRS 9 Finance Lead

Overview of the role

• HSBC went live with IFRS 9 w.e.f. 1 January 2018. The implementation of the Expected Credit Loss (ECL) segment of IFRS 9 (International Financial Reporting Standards) involved implementation of new models for ECL calculation, designing of a recent calculation engine (ICE) Impairment Calculation Engine and implementation of a new operating model and controls. The implementation also entailed establishment of IFRS 9 Operations (erstwhile IPAC (Impairment Production & Analysis Centre)),



a joint Risk and Finance Centre of Excellence, domiciled within the Finance Operations to calculate, analyze, report, and support the disclosure of ECL.

• The Global IFRS 9 team is a joint venture between the Global Finance and Risk teams and works in close collaboration with both Finance and Risk. The IFRS 9 Operations team is responsible for the calculation and reporting of ECL for almost all entities within the HSBC group

• The role holder will lead the delivery of Expected Credit Loss (ECL) results for all the Wholesale / Retail sites. The role holder is required to navigate through a constantly changing environment and deliver the ECL results within challenging timelines.

In this role, you will:

• Own the end-to-end IFRS 9 ECL process for the specific Wholesale/Retail vertical, covering calculation, analysis, reporting, disclosure support, and emerging accounting and disclosure changes.

• B

📌 VP - IFRS 9 Finance Lead (India)
🏢 HSBC Global Services
📍 India