Sr Accting Policy Anly career at HSBC in New York

HSBC is presently looking of Sr Accting Policy Anly on Wed, 02 Oct 2013 18:43:20 GMT. Role Purpose The general purpose of role is ensuring compliance by HSBC North America with U.S. GAAP and IFRS financial reporting requirements. This role may exist in multiple areas within the Finance function. The area of focus and specialization of policy review, development, and compliance may vary as necessary. Overall Accountabilities •Develop, implement, and communicate corporate...

Sr Accting Policy Anly

Location: New York, New York

Description: HSBC is presently looking of Sr Accting Policy Anly right now, this career will be placed in New York. Detailed specification about this career opportunity kindly see the descriptions. Role Purpose

The general purpose of role is ensuring compliance by HSBC North America with U.S. GAAP and IFRS financial reporting requirements.

This role may exist in multiple areas within the F! inance function.

The area of focus and specialization of policy review, development, and compliance may vary as necessary.

Overall Accountabilities

• Develop, implement, and communicate corporate accounting policies and procedures to ensure compliance with U.S. GAAP, IFRS and SEC reporting requirements.
• Advise and counsel management on accounting and reporting implications of proposed accounting changes.
• Determine appropriate accounting for recurring and nonrecurring transactions.

Impact on the Business

• Counsel and advise management on business-related accounting and reporting issues; analyze transaction structures and suggest changes or enhancements that meet objectives within imposed policy and regulatory constraints.

Prepare and maintain documentation supporting Company position on significant accounting issues.

• Interpret and implement new or amended Company repo! rting requirements to respond to changes IFRS or U.S. GAAP.

Monitor developments in newly promulgated accounting pronouncements and ensure timely and accurate distribution as appropriate.

• Develop a network of peer financial institution contacts to share accounting-related information, interpretations and opinions to develop policies for situations lacking clear guidance in U.S. GAAP or IFRS.

Customers / Stakeholders

• Internal: Management at various levels within HSBC North America’s Finance and business units; HSBC Group Accounting Policy.
• External: Auditors; securities and prudential regulatory agencies.

Leadership & Teamwork

• Manage the implementation of complex accounting standards and significant HSBC accounting or financial reporting projects and transactions by leading cross-functional groups of senior individuals.
• Sponsor and coordinate financial reporting and accounting-related trainings that broaden awareness and knowledge! of financial managers and individuals within other groups of the Company.

Operational Effectiveness & Control

• Research, maintain and communicate more complex accounting policies and procedures to respond to new U.S. GAAP and IFRS requirements; ensure documentation supports Company position.

Serve as liaison with management, attorneys and external accountants to coordinate policy and procedural development and resolve issues to satisfaction of IFRS, U.S. GAAP and SEC reporting requirements.

• Perform SOX controls for Accounting Policy as designed.

Co-ordinate SOX controls testing with SOX team.

• Complete other responsibilities, as assigned.

Major Challenges

Researching, and forming views on, complex accounting and financial reporting issues considering external and internal deadlines and operational and business needs and concerns.

Role Context

• ! The position works with all areas of the institution on a variety of pr! ojects and assignments.

The decision and policy statements put forth potentially involve and impact all assets, liabilities and net income items reported in HSBC North America’s IFRS financial statements submitted to HSBC Holdings plc and the separate U.S. GAAP financial statements filed by HSBC Finance Corporation and HSBC USA Inc.with the SEC.

• The position researches, analyzes and assists in determining the practical implication of accounting and SEC reporting standards and implements strategies for addressing accounting policy changes.

Management of Risk

• Ensure compliance with operational risk controls in accordance with HSBC or regulatory standards and policies; and optimize relations with regulators by addressing any issues.

Observation 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.

Qualifications

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Minimum of eight years proven and progressive major public accounting firm experience or equivalent, including a minimum of four years proven financial services or banking experience specifically with acquisitions, divestitures, treasury markets and products, variable interest entities and Sarbanes-Oxley requirements

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Bachelors degree in accounting, related field or equivalent experience

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Certified Public Accountant (CPA) designation

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Self motivated and strong level of confidence is communicating with people of all levels of expertise

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Strong communications, planning, organizational, analytical, project management, lateral thinking and presentation skills

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Thorough knowledge of accounting principles and regulatory requirements, including US Generally Accepted Accounting Principles (GAAP)! , RAP, SEC, Call Report, Risk-Based Capital and International Accountin! g Standards

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Project management skills and computer skills (i.e. MS Office sutie of applications including Word, Powerpoint and Excel, and database skills

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Ability to manage multiple tasks and work within time constraints and limited resources

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Policy and Documentation Control roles will additionally require knowledge of broad range of asset classes and business is required while knowledge of US/FSA capital adequacy guidelines is desirable
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If you were eligible to this career, please email us your resume, with salary requirements and a resume to HSBC.

Interested on this career, just click on the Apply button, you will be redirected to the official website

This career will be opened on: Wed, 02 Oct 2013 18:43:20 GMT

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