HSBC Group

Business: Global Finance; Group Treasury

Open positions:1

Role Title: Capital Efficiency Manager GSC’s

Global Career Band: 4

Location (Country / City ): India-Gurugram/Bangalore

Recruiter Name : Jiji Nambiar

Why join us?

• 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.

What you’ll do:

• 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 onassist with the identification, delivery and reporting of capital efficiency and optimisation targetsinitiatives.
• Group Treasury is the 1LoD owner of capital risk. This includes CET1%, D double leverage (“DL”), Leverageleverage, MREL and other regulatory requirements.

Key Accountabilities/Activities

• Management of G-SIB buffer activities including review and challenge of quarterly reporting, score estimation and forecasting, monitoring of limit utilisation and preparing materials for committee meetings.
• Production of Group Risk and capital efficiency for ICAAP and internal MI including CET1/ double leverage walks, legal entity and branch surplus analysis.
• Monitor the delivery of efficiency initiatives, measure their benefit and maintain documentation and escalate to capital efficiency governance forums as required.
• Analysis of drivers of Group Risk and double leverage including jurisdictional differences in capital requirements and economic capital and reasons for legal entity surpluses and constraints.
• Interaction with Treasury and Business counterparts around the Group on capital efficiency matters.
• Assistance in capital efficiency deep dives and the identification and delivery of capital efficiency initiatives.
• Streamlining existing and future processes utilising new technologies.
• Deputising for the Capital Efficiency Director from time to time.
• Support the wider capital management agenda e.g. GSMs, capital policy, lobbying and consultation, capital forecasting and stress testing, ICAAP and Treasury change projects.Identification and delivery of 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.

Key Stakeholders             

• Global Head of Capital ManagementEfficiency.
• Group and regional Treasury and Regional ALCM teams on all capital efficiency matters.
• Treasury Risk (SLoD),
• Finance (Reg Reporting, Reg & accounting Accounting policyPolicy, Business financeFinance, GFRFinancial Reporting, Tax, Treasury Change),
• Global & Local Business stakeholders.
• GCMM, HALCO, Capital capital efficiency forums and committees.

Typical Targets and Measures

• Delivery of capital efficiency responsibilities against tight deadlines.
• Identification of Capital efficiency initiatives.
• Delivery of Capital capital efficiency initiatives, against GT25 team targets.
• Feedback from key stakeholders
• Delivery against any ad hoc objectives.

Major Challenges

• The complex and ever-evolving nature of regulatory rules, and the need to understand implications at both local and Group levels, and across Global Businesses; and across multiple constraints.
• The co-ordination of a wide range of stakeholders to deliver against a tight timetable, with the flexibility to react to changes, generally caused by factors beyond the role holders control;
• The need to work effectively and be influential across geographies, Finance and Risk.
• The delivery of crisp, clear messages to senior management, notwithstanding the inherently technical nature of the subject matter
• The day to day activities of the role will be varied, broad and technical. 

Role Context

The role:

• The role will initially report to the Head of Capital Efficiency
• Interfaces with other areas of Global Finance and across HSBC Group
• Requires strong and positive partnering with Regional regional ALCM Treasury functions, Treasury Risk and Finance. This is a role with global scope.
• Successful applicants should:
• Possess – and be willing to build upon - SME knowledge across a broad spectrum of Treasury/capital requirement/risk topics. 
• be Be self-sufficient. Individuals will be expected to undertake activities progress and drive initiatives across multiple stakeholders without constant supervision.
• Be confident and willing to challenge themselves where subject matter is unfamiliar.  

Management of Risk (Operational Risk / FIM requirements)

• The role holder will be required to:
• Assess and manage financial risk in the context of the role.
• Assess and manage regulatory risk and other Nonnon-financial reporting risks in context of the role
• Assess and manage operational risks in context of the role

Culture

• 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 HongkongHonking 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.
• You can find out more about the recruitment journey and what to expect by viewing our Recruitment Process FAQs in HR Direct (only available via internal access).

Role Dimensions

• As of 31 December 20202023:
• Group Common Equity Tier 1 of USD $126.536bn
• Risk Weighted Assets of USD $857bn854.1bn
• Leverage Exposure of USD $2,575900bn