HSBC Group

HBCE Head of Capital Management

At HSBC, our purpose is opening up a world of opportunity and by joining our team, you can be part of something bigger! We are committed to removing barriers and ensuring careers at HSBC are inclusive and accessible.

Here in France, you’ll help evolve and grow our business. Finance Treasury is currently seeking an ambitious individual to join as HSBC Continental Europe (HBCE) Head of Capital Management. Finance Treasury is responsible for managing the bank’s balance sheet across businesses interfacing with regulators and senior business stakeholders to ensure the bank remains liquid, well capitalised and profitable. The role will report at an entity level to the HBCE Treasurer and will be based in Paris with a hybrid working pattern.

What you will do: 

The primary objective of this role is to lead the capital team for HSBC Continental Europe (HBCE). This includes France entities, together with branches in Continental Europe like Germany. The role also has oversight for Malta (HBMT) and Private Bank Luxembourg (PBLU).

The main responsibilities include partnering with stakeholders across entities, functions, and businesses to manage the end-to-end processes involved in capital management. The main objectives of the role:

• Oversee the production of all aspects of HBCE’s capital regulatory submissions related to Capital management, including the Internal Capital Adequacy Assessment Process (ICAAP). Lead the presentation of these to the HBCE Asset and Liability Committee (ALCO) and the HBCE Board and Risk Committees.
• Manage the end-to-end capital planning and forecasting process, including the annual Financial Resource Plan (FRP), monthly updates to the forecast including reporting of the forecast capital position to the ECB, and clearly articulating the key constraints and risks and opportunities.
• Oversee the production and review of the capital impacts from various stress tests, ensuring that they are in line with internal standards and regulatory expectations and clearly articulating the key drivers under stress, the management actions that can be taken and the total recovery capacity.
• Engage with the Integrity of Regulatory Reporting (IRR) programme to ensure a robust and sustainable control environment in respect of capital returns.
• Working with Group Funding and Markets Treasury, establish and execute the HBCE capital/MREL issuance plan, including capital flows associated with strategic transactions and other strategic initiatives.
• Partner with the Global Businesses, Strategy and other areas of Finance to achieve the FRP.  Understand HSBC Group capital dynamics and ensure factored into HBCE planning.  Continue to embed Economic Profit as a key lens to assist in business decision-making, appropriately aligned to capital drivers.
• Understand and communicate the impact of regulatory change, including commercial implications.
• Act as the key HBCE liaison with the regulators on capital management and be able to deputise for the Treasurer when required.
• Manage and develop the HBCE Capital Management team based in Continental Europe and offshore locations as well as provide oversight for the capital teams in HBCE.
• Seek cost efficiency and enhanced control through automation and other levers.
• Work closely with, and respond to, both Treasury Risk Management (Second Line of Defence) and Internal Audit (Third Line of Defence) across all areas of capital management.

In this role you will:

Impact on the Business

• Understand the drivers of capital resources across multiple products and their relationship with capital and other constraints, combined with effective business interaction, supporting better risk management decisions, risk-return optimisation and ultimately enhanced Economic Profit.
• Further development and automation of capital management processes to enhance standardisation and reduce production time in favour of insightful analysis. 

Customers / Stakeholders

• Liaise with relevant stakeholders within Entities, Businesses and Functions (e.g. business line FRM, Risk Analytics, HBCE CFO, Group Analysis & Insights etc)
• Partner closely with the capital teams across Global Treasury
• Actively participate in existing cross-functional working groups which today are driving optimization activity

Leadership & Teamwork

• Demonstrate strong communication skills by influencing others, including peers, senior management, colleagues within the regions/countries to removing barriers to change
• Develop and lead both a functional and virtual team creating opportunities for them to learn and deliver against the overall department objectives
• Promote an environment that supports diversity and reflects the HSBC brand

Operational Effectiveness & Control

• Comply with all required internal policies and external rules or laws.
• Ensure all team members are aware of their obligations with regards to internal policies and external rules including those relevant to money laundering (ML), terrorist financing (TF), sanctions and other reputational risks

You should apply if you have: 

• Relevant experience in financial services with understanding of a range of treasury topics, including specific capital experience and a solid understanding of drivers of capital risk in markets businesses
• Proven record of disciplined delivery across topics with a wide range of stakeholders, including (preferably) through project leadership
• Excellent verbal and written communication skills with experience of preparing and communicating key messages and recommendations to senior management and other stakeholders
• Strong influencing, interpersonal, negotiation and conflict resolution skills
• Result oriented team player who can foster strong and collaborative partnerships with key stakeholders

Even if you feel you do not meet 100% of our qualifications, we encourage you to apply, if you believe this role is right for you.

What you’ll get in return:

Not only is HSBC a great place to work, but we also offer the following unique and exciting opportunities and benefits!

HSBC has been certified “Top Employer 2024” in Europe. This recognition from the Top Employers Institute rewards our HR practices and recognises HSBC as an HR Leader in France, Germany, Italy, Luxembourg, Poland and Spain. HSBC in France has been certified with LinkedIn Top Employer 2024 for Finance, recognising our team as a great place to work within the Finance industry.

A unique and flexible working environment:

• Advantageous remote working agreement
• Diversity and Inclusion is at the heart of our business: joining HSBC will give you the opportunity to work in a collegiate and supportive environment

·         You’ll be able to join our Employee Resource Groups that bring together colleagues with shared characteristics and common interests

•        Usual local benefits (refund of transport fees at 50%, 5 weeks of paid vacation + RTT)
•       Family events days off, additional maternity or breastfeeding leave, advantageous paternity leave, parental presence or dependency support leave (for child or parent with disability)
•       A Time Savings Account to monetize your untaken off days (CET)

Family benefits:

• Partial reimbursement of childcare costs
• Various bonus (birth bonus, back-to-school bonus for your children up to 25, parental bonus
• An allowance for parents of children with disabilities
• Possibility to work part-time
• Financial benefits
• A company savings plan and a savings plan for collective retirement
• Meal voucher card or corporate restaurant depending on your place of employment
• Mutual insurance for you and your family, and a pension contract to protect your loved ones
• A loyalty bonus and a long-service medal rewarding seniority
• Holiday vouchers based on your reference tax income
• CESUs (for tax purposes) if you are disabled or if you have a disabled child, spouse or parent
• A Work Council which offers, among other things, ticketing, travel, sports, legal aid, etc.

Personal development benefits:

• Access to our Degreed platform (learning platform above all, that you can use to discover learning content, develop skills, and successfully meet new business challenges)
• We’ll help you progress your career, including access to development programmes, mentoring and coaching, as well as world-class training through HSBC University

·         We’ll give you access to resources that support your mental, physical, and social well-being

Being open to different points of view is important for our business and the communities we serve. At HSBC, we’re dedicated to creating diverse and inclusive workplaces - no matter their gender, ethnicity, disability, religion, sexual orientation, or age. We are committed to removing barriers and ensuring careers at HSBC are inclusive and accessible for everyone to be at their best.
 
If you have a need that requires accommodations or changes during the recruitment process, please let us know.

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For further information on building your career at HSBC, please visit: www.hsbc.com/careers