Vice President , Financial Accounting, BSRS

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 Vice President, Financial Accounting, BSRS

Location- Chennai

Role Overview

The Balance Sheet reconciliation and substantiation process (BSRS) is a key foundation of the Finance control environment. It is undertaken to ensure accuracy and completeness of the ledger balances of each entity. There are a policy and guidance setting out the standards which must be adhered to.

When balances are unable to be substantiated or reconciled, an exception is required to be raised as part of the Account Reconciliation Control Certificate (“ARCC”) process, setting out the issue and the actions to close it. Exceptions are raised showing both the gross (absolute) and net unreconciled balances. Different thresholds for exceptions exist at country, regional and Group level. Any accounts which are unsigned or have no owner assigned are also reported as part of this process. Exceptions breaching the Group threshold are reviewed in a formal Group review meeting each month and Management Self-Identified Issues are raised for each. Similar review sessions take place at regional and country level and ARCCs are signed off by the relevant entity and regional (Chief Finance Officer) CFOs. The latest Group exceptions are also reported on a quarterly basis to the Group Audit Committee.

In this role, you will:

• Confirm the revised TOM (Target Operating Model) is fully embedded and operating as designed, including review of reconciliation and substantiation controls and alignment to updated FIM procedures to protect balance sheet integrity.


• Partner with Finance, Global Businesses and Infrastructure teams (including Financial Controllers and SMEs) to agree findings, drive adoption and close gaps.


• Co-ordinate with Assurance, Internal Audit and external audit on reviews, evidence and remediation tracking.


• Build awareness and deliver refresher training (including practical use cases) to reinforce consistent execution. Produce dashboards and communications for governance and senior forums (e.g., BSRS Governance, GAC, RCMM) to provide clear status, risks and actions. Support and drive operating model changes, be a dynamic leader who leads and inspires associated teams, develop financial accounting expertise

To be successful you will:

• Recognized professional accounting qualification with 15+ years of experience predominantly in Finance, including in leadership positions managing complex requirements from stakeholders


• Strong understanding of the current Balance Sheet Reconciliation & Substantiation (BSRS) process and the revised Target Operating Model (TOM).


• Strong accounting and balance sheet control knowledge, including how different account types should be reconciled and substantiated, to challenge local practices, drive consistent standards, and protect balance sheet integrity.


• Ability to analyses ambiguous, unstructured issues, challenge existing procedures constructively, and turn findings into clear, actionable insights.


• Monitor global performance against agreed Heat Map. Ability to design and deliver engaging, practical training that reinforces the purpose and discipline of BSRS.


• Strong communication and presentation skills, with experience presenting concise updates in senior management forums and producing clear written communications.


• Experience driving simplification and automation (e.g., automated reconciliations and dashboards) to provide meaningful management information and improve control effectiveness.

You’ll achieve more at HSBC

Hsbc.com/careers

HSBC is an equal opportunity employer committed to building a culture where all employees are valued, respected and opinions count. We take pride in providing a workplace that fosters continuous professional development, flexible working and, opportunities to grow within an inclusive and diverse environment. We encourage applications from all suitably qualified persons irrespective of, but not limited to, their gender or genetic information, sexual orientation, ethnicity, religion, social status, medical care leave requirements, political affiliation, people with disabilities, color, national origin, veteran status, etc., We consider all applications based on merit and suitability to the role.”

Personal data held by the Bank relating to employment applications will be used in accordance with our Privacy Statement, which is available on our website.

***Issued By HSBC Electronic Data Processing (India) Private LTD***