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 an FX Lead, Group Treasury, working together with colleagues to define, manage and achieve divisional business targets.

Role Purpose

In light of recent regulatory developments and heightened scrutiny of HSBC’s Global approach to FX risk Management, a new central team is being established to own the Group’s NTBFX strategy, manage NTBFX exposures and maintain Global Procedures.

Within Group Treasury, we are looking for a suitable candidate to join the new FX team, with particular focus on the management of Structural FX risk (“SFX”) and Transactional FX risks (“TFX”). The individual will report into the Head of FX strategy

Group Treasury is the 1LoD owner of Non-trading Book FX (“NTBFX”) risk. This includes SFX and TFX risk.

In this role, you will:

• Monitor and manage the Group’s SFX exposures and HGHQ Structural FX hedging programs (circa $30bn notional). Rebalancing hedging positons, recommending strategy for individual currency positions, protecting against downside FX event risk, forecasting of SFX exposures; manages RWAs associated with SFX risk.
• Assist the Head of FX strategy in the development of the Group’s FX risk management framework and strategy.
• Prepare MI and sign off packs for FX reporting to senior Treasury management, Group Capital Management Meeting (“GCMM”) and Holdings ALCO.
• Actively contributes and provide SME knowledge into the NTBFX change project (a multiyear project to overhaul and automate the reporting, monitoring and hedging capabilities of HSBC).  
• Update and maintain the Group’s Hedging Strategy Document.
• Recommend Group SFX sensitivity limits to Head of FX strategy and 2LoD for approval, and monitors against these limits.
• Global SFX and Residual FX procedure “champion”. Responsible for development and maintenance, and recommends changes to Head of FX Strategy and SLoD. Transactional FX procedures champion, where ownership resides with Global Treasury.
• Ensure adequate controls and operating instructions in place for all Group SFX processes.   
• Undertake reporting for Internal Capital Adequacy Assessment (ICAAP) for SFX risk.
• Maintain the Group’s Article 352(2) waiver applications and permissions.

Requirements

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

• Treasury/ Risk/ finance background, strong knowledge of accounting, capital requirements and FX risk.
• Understanding of hedge accounting and FX products.
• Excellent communication skills, both written and verbal.  Adept at presenting to senior stakeholders and at senior committees.
• 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 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.