HSBC Group

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At HSBC we exist with the purpose of Opening up a World of Opportunity. We use our unique expertise, capabilities, breadth and perspectives to provide opportunities for our customers and colleagues through global connectivity. We bring together the people, ideas and capital that nurture progress and growth, helping to create a better world – for our customers, our people, our investors, our communities and the planet we all share.

The Markets and Securities Services (MSS) division at HSBC covers the distribution of Global Markets products and services to our Institutional and Corporate clients, provides Securities Services on both a Global and Sub-Custody basis and is also responsible for the Market Treasury department. 

Markets Treasury as part of Markets and Securities Services (MSS), is a significant contributor to the revenue of the Group, with staff in over 50 sites worldwide spanning the various Group balance sheets, including two in Australia namely HSBC Bank Australia and HBAP Sydney Branch and one in New Zealand, HBAP NZ. Markets Treasury provides input into local Asset & Liability Management Committee (ALCO) and liaises extensively with matters related to Asset, Liability & Capital Management. 

Taking on this role as Associate Markets Treasury, you will be part of the team responsible for the management of funding, liquidity, structural interest rate risk and the investment book of the Bank. You will be joining a dynamic team engaging senior stakeholders across the bank and facing external market participants. Your responsibilities will span multiple facets of the bank providing opportunity for career growth, while you expand your global network through HSBC’s global footprint.  This is a fantastic opportunity to develop well rounded experience in Markets Treasury.

Due to the nature of the work in this role, there is a requirement to be in the office five days per week, with flexibility for attending appointments where needed.

Your main responsibilities will include:

• Cash Management - Managing the Cash Accounts with the Reserve Bank of Australia for two entities & foreign currency Nostro balances.
• Liquidity Management - Managing liquidity risk for the bank across multiple balance sheets in line with regulatory obligations, understanding all moving parts pertaining to liquidity ratios and actively managing them.
• Funding – Involvement in the internal discussions supporting the wider team in decision making around the funding plan, working closely with the MSS Sales team on wholesale funding.
• Capital, Market Risk and Credit Limits Management - Ensuring risk exposures are diligently reviewed with the understanding of underlying dynamics of each Markets Treasury transaction and the impact to limits.
• Management of Interest Rate Risk (IRR) – Supporting the team in managing IRR transferred to Markets Treasury through internal transfer pricing processes to optimise revenues subject to market risk, credit risk and capital limits, considering investment opportunities, possible new products and interest rate risk positioning.
• Analytics – Running all monthly and quarterly reports and being able to explain the business broken down to each product / book including net interest income forecasting.
• Stakeholder Management - Working closely with the Assets, Liability and Capital Management team, other Control Functions and Customer Groups across the bank on issues regarding payments and cash management, intraday liquidity and interest rate risk transfer.
• Volcker Rule – To observe Volcker Rule and to fully understand under what circumstances and criteria when to apply the appropriate Volcker reasons to all the relevant positions.

To be successful in this role, you will bring:

• Experience and confident understanding of Interest Rate and / or Liquidity Risk.
• Product knowledge of Australian Fixed Income markets and Interest Rate Derivatives.
• Knowledge of APRA regulations related to Capital, Liquidity and Interest Rate Risk in the Banking Book.
• Understanding of treasury operations and balance sheet issues including capital, liquidity, funding, structural interest rate risk, transfer pricing and hedge accounting treatment.
• Strong numerical and analytical skills with exceptional attention to detail.
• Excellent communication skills to deal with a diverse set of stakeholders across complex issues.
• Ability to work independently as well as part of a team, proactive and self-motivated.
• A degree in a relevant discipline with a professional qualification an advantage.

Preference will be given to candidates who hold Australian PR/Citizenship or New Zealand Citizenship, or who can demonstrate current unrestricted work rights in Australia without limitations.

As an HSBC employee in Australia, you’ll have access to tailored professional development opportunities, competitive pay and a range of employee benefits. These include market-leading subsidised private health cover, enhanced parental pay and support when returning to work, subsidised banking products and services, bonus leave days and wellness programmes including discounted gym memberships.

We value different perspectives, we succeed together, collaborating across boundaries, we take responsibility, holding ourselves accountable to get things done. Through these values, HSBC is committed to building a culture where all employees are appreciated and respected and where opinions count. We take pride in providing a workplace that fosters continuous professional development, flexible working and opportunities to grow in an inclusive environment. Applications from First Nations peoples are encouraged.

Learn more about careers at HSBC Australia –  https://www.hsbc.com/careers/where-we-hire/australia

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 Bank Australia Limited.  Please note that HSBC will we never communicate to applicants via non-HSBC channels such as SMS, WhatsApp or Facebook so please be careful if anyone attempts to contact you via these channels. #LI-HSBCMH