Job description
Some careers open more doors than others!
If you’re looking for a career that will unlock new opportunities, join HSBC and experience the possibilities. Whether you want a role that could take you to the top, or simply take you in an exciting new direction, HSBC offers opportunities, support and rewards that will take you further.
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.
As an HSBC employee in the UK, you will have access to tailored professional development opportunities and a competitive pay and benefits package. This includes private healthcare for all UK-based employees, enhanced maternity and adoption pay and support when you return to work, and a contributory pension scheme with a generous employer contribution.
We are currently seeking an expert individual to join this team in the role of IRRBB Analyst.
Minimum criteria:
- Work with various stakeholders across different functions and seniority to understand customer behaviours and pricing strategies under various interest rate environments
- Support modelling and analysis in response to and in anticipation of changing interest rates to support strategy and forecasting, including risk appetite calibration and stress testing
- Support identification of impact to earnings and capital and definition of risk management strategies
- Support the development and implementation of a robust IRRBB management framework, including non-financial risk
- Support IRRBB remediation, transformation, capability enhancement, sharing and adoption of best practice
There are 3 main IRRBB skill disciplines we are looking for. A successful candidate should be proficient in at least 1 of the following areas:
- Controls: working with IRRBB, Finance Operations (FO) and Finance Change Delivery (FCD) to ensure we design and implement a robust control process, including a process to ensure compliance (or track exemptions) within the methodology / framework.
- Methodology: framework design, including the standardisation of our approach to measuring deposit stability, pricing betas, flooring and defining the scope of Global IRRBB measures.
- Model Design: Designing models and processes that align to the IRRBB methodology and framework. Such as pricing beta models, cashflow models and asset prepayments.
Desirable criteria:
1. Subject matter understanding of IRRBB topics is a strong preference
2. Demonstrating a commercial mind set – understand HSBC / businesses or has curiosity to learn
3. Previous experience in liaising with variety of stakeholders across functions/seniorities
Qualifications
- Degree level education preferably with a professional qualification and experience of in a Treasury business environment or a related function (i.e. Risk, Audit)
You’ll achieve more when you join HSBC.
HSBC is committed to building a culture where all employees are valued, respected and opinions count. We take pride in providing a workplace that champions 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.
Within HSBC certain roles are designated as Enhanced Vetting Roles. For these roles, all internal and external applicants are required (subject to local laws), to pass satisfactorily a series of additional checks both as part of the application process and, if successfully recruited into the Enhanced Vetting role, on an ongoing basis. The Group reserves its position with regard to any steps which it may take in relation to any material adverse findings which arise either when the checks are first carried out as part of this recruitment exercise, and/or if relevant, on an ongoing basis.
HSBC is committed to being an inclusive employer and providing an inclusive and accessible recruitment process for all. We will provide reasonable adjustments to remove any disadvantage to you being considered for this role. We are proud members of the Disability Confident Scheme, and will offer an interview to disabled candidates who meet the minimum criteria for the role. If you would like to receive any information in a different way or would like us to do anything differently to help you apply for our roles, please contact our Recruitment Helpdesk:
Email: [email protected]
Telephone: +44 2078328500.
Within the workplace 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 processes in place to avoid nepotism. This means we will avoid circumstances in which the appearance or possibility of conflicts of interest may exist within the hiring process.