sharing the costs of sports activities
Senior Manager Financial Accounting (Fiscal Branches)
HSBC Service Delivery (Polska) Sp. z o.o.
- Kapelanka 42a, KrakówKraków, Lesser Poland
- offer expired a month ago
- contract of employment
- manager / supervisor
- remote recruitment
Reconciliation of monthly income for the relevant business area
Performing the month end close process and working with Business Finance
Where appropriate, the ageing of outstanding items on the balance sheet and determining their accuracy/recoverability
Work on the reconciliation and GL review processes/projects involving the manipulation of data and spreadsheets
Calculation of amounts and raising of relevant general ledger journals for specific accounts
Financial and regulatory reporting to group as required.
Management information reported to managers and business areas
Work on projects to automate and streamline areas of the month-end process
Ad hoc tasks as delegated by the line manager and business area
Understand and ensure compliance with all relevant internal and external SOX, regulations and procedures that apply to the conduct of the business for which responsibility is assigned.
Assisting in the production of a number of highly sensitive financial returns and disclosures, which are used to calculate overseas tax returns and provide data to external regulators, on behalf of the fiscal branches
Maintaining full system reconciliation processes, to ensure that data produced can be validated back to HBEU source systems
Gaining a thorough understanding of Fiscal Branch activities, in order to provide insight and guidance to business areas including Front Office, Tax and Product Control
Ensuring effective communication channels are established and maintained through regular dialogue with stakeholders (Product Control, Tax, Market Risk and other support functions)
External reporting deadlines met in a sustainable way with few issues identified from senior management review.
Process improvement initiatives deliver tangible improvement in control environment and reduction in BAU effort.
Feedback from finance teams across HSBC indicates good service from Finance Operations.
Accounting issues closed in a timely manner and not revisited. No audit overruns incurred.
Group Financial Reporting line management and Global Process Owner
Group Chief Accounting Officer, and other Finance Operations senior management
Other stakeholders across Financial Control (i.e. GBM, Investor Relations)
High quality and accurate information communicated to line management within required deadlines – any queries dealt with effectively
High quality guidance provided to Finance Operation stakeholders, effective communication mechanisms, queries dealt with effectively and strong relationships developed/maintained
Strong planning, management and execution of all elements of the external financial reporting process
Management of professional development of team personnel
Ability to lead and deliver initiatives across Finance Operations
External reporting deadlines met in a sustainable way with few issues identified from senior management review
Delivery of allocated initiatives.
Ensure compliance with Sarbanes Oxley requirements (‘SOX’)
Pro-active approach to process improvement.
To continually reassess the operational risks 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.
To implement the Group Compliance Policy by containing compliance risk in conjunction with the relevant compliance department. The term ‘compliance’ embraces all relevant laws, rules and codes with which the business has to comply.
Ensuring that all procedures and controls are understood and implemented resulting in compliance with SOX.
Implement process improvement via automation or other best practice solution.
By addressing any areas of concern in conjunction with line management and/or the appropriate department.
By adhering to the bank’s agreed processes/procedures – achieving at the least a satisfactory Audit report.
Qualified accountant, ACA, ACCA, CIMA or equivalent, is mandatory
Ability to understand HSBC’s activities, products, processes and systems
Ability to analyses data and medium to advanced Excel database skills
Excellent communication skills are essential, as are good tact and diplomacy, as the role requires constant communication with other individuals and teams.
Excellent time management and prioritization of work tasks.
Self-motivated enthusiastic and proven rapid learning capability.
Experience of working in Global Banking and Markets or Financial Control is desirable but not essential.
In addition to the details listed above, the ideal candidate will be confident dealing with a variety of stakeholders both in terms of function and seniority, have strong self-awareness with the confidence to work independently using own initiative.
private medical care
sharing the costs of foreign language classes
sharing the costs of professional training & courses
remote work opportunities
flexible working time
corporate sports team
doctor’s duty hours in the office
retirement pension plan
no dress code
video games at work
coffee / tea
parking space for employees
extra social benefits
employee referral program
opportunity to obtain permits and licenses
Welcome to HSBC!
HSBC Service Delivery (Polska) Sp. z o.o.
HSBC is one of the world’s largest banking and financial services organisations. Our global businesses serve more than 40 million customers worldwide through a network that covers 64 countries and territories.
HSBC Service Delivery (Polska) Sp. z o.o. is HSBC's global finance, operations, risk and technology centre. We use our unique expertise and capabilities to provide specialised services – our people range from technologists transforming the banking experience to operations professionals managing 1.7 trillion payments a year.
Our Purpose – Opening up a world of opportunity – explains why we exist. We are bringing together the people, ideas and capital that nurture progress and growth, helping to create a better world – for our customers, our people, our investors, our communities and the planet we all share.
About the role
The HBEU Accounting & Control team provides accounting and reporting services, principally Global Banking and residual CMB businesses of HSBC Bank plc (Non-Ring Fence Bank), in partnership with teams in the Global Finance Operations in India and Poland.
Specifically, responsibilities within the team include Fiscal Branch Reporting, Global Banking and CMB and Intercompany Services Billing.
Fiscal Branch Reporting
The Fiscal Branch Reporting team act as a financial control function for HEBU overseas Fiscal Branches that trade on HBEU’s Balance Sheet. The team is responsible for production of financial and non-financial returns and disclosures for submission to both internal and external stakeholders, include senior management, tax authorities and regulators.
• Responsible for the monthly TM1 production of financial accounts for all fiscal branch activities, including calculation and booking of journals to comply with the transfer pricing/tax rules
• Preparation of monthly/quarterly/annually financial and non-financial returns and disclosures relating to HBEU’s cross-border trading activities for submission to external overseas regulators
• Preparation of annual tax returns for all HEBU Fiscal Branches (HK, NY, France and UK)
• Overseas the productions of monthly financial reporting and calculations for Fiscal Branches
• Responsible for reconciliation and substantiation of Fiscal Branch balance sheet accounts and sign off AssureNet
• Maintaining a robust internal control framework/process over the reporting processes for regulatory returns
• Liaising with external auditor for annual external audit on HKMA’s returns
• Involvement in discussion and implementation of new cross-border GBM business activities to ensure they comply with HSBC transfer pricing policy
• Involvement in projects and changes associated with new products/system changes in GB&M
• Building and maintaining an effective communication channels with a wide range of stakeholders
• Responsible for updating and maintaining the Transfer Pricing documents for Fiscal Branches
• Raising PO and arranging payments with A/P for intercompany and external payments
Intercompany Services Billing
The responsibilities include:
• Assisting in the settlements of monthly Intercompany Services invoices
• Reviewing and validating Payment on Account
• Preparing and posting ad hoc journals as requested by the Costs team
This role provides an opportunity to develop the role – holder’s financial control skills and to gain experience of dealing primarily with the Global Banking and Market businesses within HSBC.
Observance of Internal Controls
Maintains HSBC internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators.
Incumbent is an ‘insider’ for dealing purposes and subject to strict controls and confidentiality.
Complies with Group Finance Functional Instruction Manuals and Group SOX requirements and enforces reporting sites’ compliance with certain areas of the required internal controls.
The incumbent 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 incumbent 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.
The incumbent’s responsibilities cover the Group’s consolidated external financial statements.
Reports generated and/or reviewed include the Annual Report and Accounts, Interim Report, Interim Management Statements, Group and subsidiary press releases and the Group Business Performance Report.