Finance Business Partner – Cards

Job description

Some careers shine brighter than others.

Something new and exciting is happening at HSBC. We are separating our retail bank from our investment bank and creating HSBC UK, with a brand new state-of-the-art head office in Birmingham. The move is a big step, and will take us one step closer to achieving our ambition to be the bank of choice in the UK. However, the move to Birmingham doesn't just represent a new dawn for our business. It's also an exciting opportunity for ambitious professionals who are keen to get involved in a unique challenge and progress their careers. We're looking for individuals who are motivated to grow and shape the UK bank, and who will thrive in a flexible working culture within a dynamic and diverse office environment, making the most of what Birmingham has to offer.
The Finance Business Partner – Cards role is based within Accounting & Finance Team.
The role of the Finance Business Partner – Cards is to:
· Finance Business Partner with responsibility for Credit and Debit Cards
· Support all the Cards related activities and advise the Head Retail Banking and Wealth Management (RBWM) UK Business Finance and relevant Product committees on the financial performance of these products and proposed pricing strategies deployed in the UK
· Interact with Asset and Liability Capital Management (ALCM) and assess balance sheet management activities

The role spans multiple brands (HSBC, John Lewis, firstdirect & M&S) as well as multiple distribution channels.

The role holder will be working in a fast-paced environment and engaging with multiple stakeholders being involved in the HSBC ultimate group strategy.

The role is challenging and provides the opportunity for individuals to develop a broad range of capabilities in the ever-changing world of Finance.

Main role's characteristics:

· Delivering a value-added finance function, producing quality anylist that management can rely on, make decisions upon and drive business performance.
· Full range of Microsoft products (Excel., Word, PowerPoint, Access)
· HSBC provides a substantial opportunity for capable people to move within the Bank. Good performance is well rewarded and those who excel are sought out for further development
· Occasional travel to London offices to support Management Committees.
· There will be on the job coaching and training and opportunities to gain qualifications as part of ongoing development.
· Networking events, social gathering with the wider team. Birmingham is the site of the new ring fenced bank headquarters.

Your responsibilities will include:

· Business partnering responsibilities for the Cards.
· Creation of monthly financial analysis, revised annual forecasts and Latest Estimates, Annual Operating Plans for the Business Management Team.
· Maintain product cost analysis and make recommendations for driving further cost efficiencies.
· Support any financial analysis needed for Regulatory and Government reporting.
· Support development of business strategy and maintain analyses of market shares of stock and flows of each product line.
· Support management with relevant analysis of balance sheet issues, including funding and market risk as well as assessment on profitability arising from changes in the interest rate structure.
· In conjunction with credit risk, ensure appropriate impairment policies and provisioning models are in place together with ongoing monitoring and risk reporting as part of the finance reporting cycle.
· Analyse Risk Weighted Asset (RWA) consumption, impacts on leverage ratio of personal lending portfolio and maintain appropriate returns on RWA and leverage ratios.
· Support the product management team to ensure Card businesses are compliant with current regulatory requirements required by law, the Financial Conduct Authority (FCA) or the Prudential Regulation Authority (PRA).
· Liaise with UK RBWM Head of Business Finance and UK Cards Product Managers and improve standard reporting & analysis.
· Align with RBWM Europe Business Finance team together with GMO functions such as FIN (Regional Head of Management Information (MI), Interest Rates (IR), Chief Accountants Office (CAO).
· Ensure that the UK is managing appropriately in accordance with RBWM Functional Instruction Manual (FIM), Group Standard Manual (GSM), target business model and finance operating model.
· Support UK RBWM Business Finance team's performance, engagement and overall development.
· Support the development of Business Finance capability and resourcing within UK as appropriate to ensure country UK executive team adequately supported by Business Finance.
· Functionally align with local / regional finance teams and/or accounting officers to understand, interpret, and provide global direction and support, driving towards global consistency and common frameworks. Identify, transfer and foster sharing of best practice across regions.
· Stay abreast of all financially-related, internal and external market-wide initiatives that affect RBWM. Provide appropriate updates and briefing as necessary and applicable.
· Implement and validate non-financial metrics required to be used in external reporting.
· Support the implementation of change to improve reporting to RBWM Finance HQ or other channels to meet the strategic needs of the business.
· Understand, follow and demonstrate compliance with all relevant internal and external rules, regulations and procedures that apply to the conduct of the business in which one is involved, specifically Internal Controls and any Compliance policy including, inter alia, the Group Compliance policy.
· Maintain HSBC Internal Control standards, including the timely implementation of internal and external audit points together with any issues raised by external regulators.
· Leadership over all regulatory and compliance matters and the management of operational risk.

Desired profile

Qualifications :


The ideal candidate for this role will have:

·  Experience working in relevant environment/s, i.e. financial services industry.
·  Experience working in relevant market/context, i.e. banking or in a sector with complexity.
·  Role relevant qualifications, i.e. professional accountancy qualification -CIMA/ACCA or equivalent experience.
·  Past working experience in a relevant role, i.e. financial reporting, planning and analysis role.
·  Experience of using relevant software packages, i.e. Excel.
·  Relevant product knowledge including knowledge of finance products. is desirable but not essential.
·  Experience of using relevant software packages, i.e. Word, PowerPoint , Access is desirable but not essential.
·  Previous experience of delivering an excellent customer service.
·  A track record of constantly looking for ways to do things better and an excellent understanding of the mechanism necessary to successfully implement change.
·  Proven experience of motivating others to deliver exceptional performance and long terms results.
·  Both spoken and written communication skills with experience of adapting your style and approach to the audience and message to be delivered.
·  A comprehensive understanding of risk management and proven experience of ensuring own/others' compliance with relevant regulatory processes.
·  Used their business knowledge and understanding of customer needs to successfully manage and grow customer relationships.

The base location for this role is Birmingham.

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.
We are required by the Financial Services (Banking Reform) Act 2013 to create a ring-fenced bank in the UK by 1 January 2019. Entirely new from the ground up, HSBC UK's head office is opening in Birmingham. The location of this role will move to our new state of the art offices at 2 Arena Central during 2018.
At HSBC we look to enable our employees to better balance their work / life priorities and have the flexibility required to meet challenging needs as they progress through different life stages. Where possible we will consider the following flexible working options: part-time working, job sharing, term-time working, working from home and staggered hours. If in considering a role with HSBC you have a need for some flexibility in your working arrangements please discuss this with the recruitment team in the early stages of the application process.