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.HSBC is one of the largest banking and financial services organisations 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 realise their ambitions.We are currently seeking an experienced professional to join our team in the role of
Vice President - Treasury IRRBB Interest Rate Risk in the Banking Book
- The role holder will combine strong subject matter expertise in IRRBB topics, to ensure the provision of timely and accurate management information and regulatory reporting, together with good experience and understanding of structuring and driving large scale strategy implementation to meet business objectives.The role holder will ensure that the HSBC Group IRRBB Reporting & Insight strategy implementation and governance framework is delivered in a timely fashion in a collaborative and constructive working environment, ensuring sustainable success via a robust conduct and regulatory framework.
- The role involves the design and implementation of IRRBB management information and external reporting to support the new IRRBB strategy to increase NII stabilization whilst reducing core capital sensitivity and result in further improvements in risk monitoring and management.
- Working collaboratively with colleagues within the Global Treasury Function, IRRBB, and Strategy, Execution and Controls to define a consistent and comprehensive reporting framework, governance and steering approach. This role supports Global and Regional IRRBB team based in London. Dealing with wide range of key stakeholders, Markets Treasury, Global/site ALCM teams
- Providing support to the Group and Regional heads of IRRBB to develop and propose stress scenarios relevant for IRRBB risk, including maintenance of assumptions and relevant stress tests.
- Supporting the definition and implementation of the new IRRBB Reporting and governance framework, proactively engaging with colleagues in Forecasting and Stress Testing team.
- Support delivery of IRRBB forecasting, and in addition support external messaging for IRRBB in conjunction with investor relations
- Contribute to the definition of target state IRRBB reporting architecture to enable timely and accurate IRRBB management information and regulatory reporting deliverables, partnering with colleagues in Finance, Stress Testing and Global Treasury to ensure reporting consistency.
- Support activities to improve the measurement and management of all material IRRBB risks and propose IRRBB risk appetite
- Support the Global & Regional Treasury ALCO for the delivery of overall business objectives as set out in the annual Global performance scorecard. These include measures around financial targets (Revenues, Costs, RWAs) as well as non-financial measures / obligations around Capital Management, strategic priorities and Risk and Compliance related topics (e.g. Conduct, operational risk).
- Working in conjunction with the Global Treasury, IRRBB members in ensuring the business continues to operate to the highest levels of operational, governance and accountability standards via well-scoped and managed strategy and framework delivery.
- Ensure the business operates with the confinements of the agreed risk appetite and in full compliance with all Group and Regulatory requirements.
- Ensure and promote sharing and adoption of best practice / lessons learned / continual improvement ethos.
- Support effective management of capital whilst operating within a strict control environment limit framework and in doing so, optimising profitability.
Requirements
- Strong analytical skills, including hands on experience in managing large volumes of data with a proven ability to interpret and comment on data issues
- Post graduate/Qualified CA/MBA/Engineers in Computers/IT with 10+ years of experience
- Reasonable experience in Risk/Financial Reporting is essential, preferably in IRRBB/liquidity/capital reporting/Treasury
- Strong technical knowledge expected of excel (must) and other technical tools such as Excel Macro/SQL/Python/MS Power BI/Power query/Tableau/Qlik Sense etc.
- Experience in automation of MIS reporting will be preferred
- Excellent interpersonal and communication skills, both written and oral
- Personal presence and able to command respect at a senior level
- Strong ability to identify and mitigate risks and apply appropriate controls
- Experience delivering to internal stakeholders such as internal auditors, business functions etc.
- Relevant banking/treasury product knowledge would be helpful
- Proven experience of supporting project delivery, utilising relevant tools and techniques to ensure consistent delivery
You’ll achieve more at HSBC
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.
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