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.