Job description

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.

Global Finance is integral to HSBC’s purpose and strategy, playing a valued role in managing costs and deploying capital in the most effective way. Our global team of finance professionals’ partner with the business to provide trusted insights and forward looking analysis; accuracy; efficiency and control to frame and influence business decisions.

HSBC Global Treasury is the global clearing house for HSBC’s financial resources. We proactively integrate, manage and steer our financial resources for today and for the future, whilst ensuring our prudential safety. Finance resources are defined as the cash, liquidity, funding and capital (including as measured by RWAs, leverage and large exposures) of entities within the Group and the interest rate and FX risks that results from the banking book activity.  We partner with Businesses and entities to provide sustainable optimised commercial outcomes to deliver the Group’s strategy. We manage the residual portfolios and risks with a mind-set of portfolio optimisation.  Our team lead a dynamic and inclusive culture fostering diversity of thought and where the best want to work.

We are currently seeking an ambitious individual to join our team as a Capital Efficiency Lead, Group Treasury, working together with colleagues to define, manage and achieve divisional business targets.

Role Purpose

HSBC Group is constrained by capital. The complexity of the Group, coupled with wide-ranging regulatory requirements, leads to capital inefficiencies. The “Group Treasury 2025 program” (“GT25”) seeks to improve Group and legal entity capital usage to drive increased Return of tangible equity (“RoTE”), which is the principal returns measure of the bank.

Group Treasury is, therefore, expanding the Capital Efficiency team. We are seeking an individual who combines appropriate subject matter expertise, communication and stakeholder management skills to lead on the identification, delivery and reporting of capital efficiency and optimisation targets.

Group Treasury is the 1LoD owner of capital risk. This includes Double leverage (“DL”), Leverage, MREL and other regulatory requirements.

In this role, you will:

• Identify and deliver capital efficiency initiatives. Activities will be spread across a wider spectrum of themes, including, but not limited to:   
• Capital Mix and Funding, including non-banking entities.
• Repatriation of capital surplus and optimisation of Entity Requirements (including P2 and internal buffers, leverage, MREL and non-CET1 constraints). 
• Transactions & structures that reduce capital requirements or use surplus capital
• Stress delta management, RWA management, Double Leverage and Holding company management.
• Initiative Cost/benefit analysis. Assess all considerations and establish optimum approach to delivery.
• Coordinate and drive capital efficiency work streams across multiple stakeholders. Ensure delivery of initiatives within acceptable timelines. Act as Capital/treasury SME across all initiatives.
• Report progress, track initiatives and escalate to capital efficiency governance forums as required. Measure benefits and maintain documentation.
• Develop capital efficiency MI requirements e.g. capital surplus measurement.
• Interface into other GT25 programs and strategic projects with capital implications- e.g. Basel 3 Reform, GRP program, VIR
• Liaise with global business, regions and functions to ensure benefits of initiatives understood (e.g. benefits to CET1, RWAs, RoTE, EP etc.).
• Support the wider capital management agenda e.g. GSMs, capital policy, lobbying and consultation, capital forecasting and stress testing, ICAAP and Treasury change projects.

Requirements

To be successful in the role, you should meet the following requirements:

• Treasury/ Risk/ finance background, strong knowledge of capital requirements, accounting and other Treasury topics.
• Experience managing change, across multiple stakeholders. 
• Excellent communication skills, both written and verbal.  Adept at presenting to senior stakeholders.
• Ability to work with, co-ordinate and influence a wide range of stakeholders. 
• Ability to pro-actively manage financial and non-financial risk.
• Able to deliver to tight deadlines, react quickly when required.
• Highly numerate with strong background in mathematic disciplines.
• Appetite to seek opportunities and work beyond the immediate boundaries of the role.
• Professional Accounting/Treasury qualification advantageous, however significant operational experience will also be considered.

You’ll achieve more when you join HSBC. 

https://mycareer.hsbc.com/external

HSBC is 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. 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 The Hongkong and Shanghai Banking Corporation Limited.

As a business operating in markets all around the world, we believe diversity brings benefits for our customers, our business and our people. This is why HSBC is committed to being an inclusive employer and encourages applications from all suitably qualified applicants irrespective of ethnicity, religion, age, physical or mental disability/long term health condition, marital status, sexual orientation, gender identity, gender expression, genetic information (including characteristics and testing), military and veteran status, and any other characteristic protected by local law in the jurisdictions in which we operate. Within the work place you will have access to various employee resource groups which aim to promote and achieve a healthy work / life balance and support our diversity ambitions. HSBC has in place processes in order to avoid nepotism, which means to avoid creating circumstances in which the appearance or possibility of conflicts of interest may exist within the hiring process.