Global Head of Liquidity Transformation – Global Finance

Job description

Job description

Some careers grow faster than others.     

If you’re looking for a career that will give you plenty of opportunities to develop, join HSBC and your future will be rich with potential. Whether you want a career 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. 

We are currently seeking a high caliber professional to join our team as Global Head of Liquidity Transformation . 

Role Purpose

Global Treasury manage treasury risks and stress testing for HSBC. We are the first line of defence for Capital, Liquidity, IRRBB, Funding, Structural and Transactional FX, Recovery and Resolution risks.  Simply put, we protect, optimise and enhance HSBC’s financial strength and resources:

·  We PROTECT HSBC’s financial resources including Capital, Funding, Liquidity and Balance Sheet, and ensure our continued resolvability 
·  We OPTIMISE HSBC’s financial resources; and 
·  We ENHANCE HSBC’s financial returns 

Treasury Value Stream (TVS) has been established to drive coherent transformation investment decisions across the Global Treasury organisation. Its scope covers the following sub-value streams: Capital Management, Interest Rate Risk Management & Reporting, Liquidity Management & Reporting, Recovery & Resolution, and Stress Testing.

The Global Head of Liquidity Transformation role is required to lead and drive the end to end delivery of all Liquidity initiatives within TVS scope. This includes:   

·  Defining and owning all TVS Liquidity initiatives. This includes project planning, resource planning, and dependencies management 
·  Drive the delivery of the initiatives to agreed plans 
·  Manage the resourcing and financials of the initiatives according to agreed headcount and budget 
·  Identify and manage dependencies with other teams delivering into the plan. This includes dependencies to partner functions (e.g. HOST team, Operations team) and other programmes 
·  Working with the Treasury Value Stream office to establish effective project controls for Liquidity initiatives 
·  Reporting progress, issues, dependencies and risks to programme leadership and steering committees as appropriate and make recommendations to influence decision making in order to maintain progress towards delivery and benefits realisation 
·  Provide visible leadership to maintain a focus on how the project aligns to wider programme objectives, where appropriate, and to the change portfolio across Liquidity

The role holder will be reporting to the GT2025 Programme Manager and delivering to the Global Liquidity team, both within the Global Treasury function.

Key Accountabilities

Impact on the Business/Function

·  Deliver the Liquidity transformation agenda through close collaboration with Treasury, IT, Operations and other stakeholders 
·  Work with stakeholders to agree programme scope, requirements and delivery priority 
·  Identify target business outcomes, and manage scope and solution delivery to ensure they are met 
·  Own the identification, resolution and escalation of risks, issues, assumptions and dependencies at Workstream level 
·  Own the identification, interlock and tracking of dependencies to/from other Workstreams 

Customers / Stakeholders

·  Build and manage key relationships with internal and external senior stakeholders
·  Understand stakeholders' objectives, direction, priorities and challenges, managing and addressing concerns and objections 
·  Influence and collaborate with stakeholders to build consensus and shape change outcomes 
·  Build stakeholder buy in to detailed plans, key commitments and changes against baseline as they arise 
·  Build strong relationship with other programme teams and BAU teams with dependencies into/out of the workstream 

Leadership & Teamwork

·  Take ownership of overall project plan and work with key contributors to agree their contribution 
·  Provide leadership to resolve planning, design and delivery issues 
·  Work within matrix structure to manage project deliverables outside direct control and to appropriately influence priorities 
·  Act as a visible change leader alongside the business sponsor and leadership to drive delivery of benefits 
·  Promote a culture of continuous innovation, challenge the business on approach and apply knowledge of relevant latest developments 
·  Define detailed responsibilities and objectives for team members and manage performance 
·  Provide regular constructive feedback and coaching to more junior team members   

Operational Effectiveness & Control

·  Assess the operational risks associated with the role and inherent in the business
·  Work within Treasury Value Streamgovernance and wider Finance governance, supplemented by Workstream specific governance as required 
·  Ensure that controls and non-functional risk aspects of Liquidity initiatives are identified, appropriately documented and exceptions are tracked with agreed resolution date 
·  Ensure that Second Line of Defense and Risk Stewards are engaged in Liquidity initiatives as appropriate 
·  Establish effective project controls and procedures for the initiatives  
·  Ensure that all Liquidity initiatives complies with HSBC Change Framework  

Major Challenges

·  Manage senior stakeholders through complex process and change delivery activities
·  Managing potentially conflicting agendas, priorities and timelines across functions, geographies and regulatory jurisdictions 
·  Deliver significant number and complexity of regulation-induced and internal initiatives in a cost-effective manner 
·  Achieve results through effective management of indirect as well as direct reports 

Role Context   

·  The role holder will work as part of Treasury Transformation and Management Office (TTMO) team and has high level of flexibility to consult with Senior Management at Group and Regional level 
·  The role holder may be assisted by Business Analysts or other PMs 
·  The Global Treasury team and stakeholders are globally distributed. The role holder needs to have effective management of time to work across multiple disciplines, timezones, etc 

Management of Risk

·  The role holder will continually reassess the operational risks associated with the role and inherent in the business, taking account of changing legal and regulatory requirements, operating procedures and practices, management restructurings, and the impact of new technology 
·  This will be achieved by ensuring all actions take into account the likelihood of operational risk events, and by addressing any areas of concern in conjunction with line management and/or the appropriate department 
·  The role will implement the Operational Risk control framework and per the BRCMs – “Three Lines of Defense” 

Observation of Internal Controls 

·  Maintain HSBC internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators 
·  Observe and promote the use of the Group’s preferred programme management methods/tools 
·  The jobholder will implement the Group compliance policy by containing compliance risk in liaison with Global Head of Compliance, Global Compliance Officer, Area Compliance Officer or Local Compliance Office. The term ‘compliance’ embraces all relevant financial services laws, rules and codes with which the business has to comply 
·  This will be achieved by adhering to all relevant processes/procedures and by liaising with Compliance department about new business initiatives at the earliest opportunity. Also and when applicable, by ensuring adequate resources are in place and training is provided, fostering a compliance culture and optimising relations with regulators

Requirements

Knowledge and Experience

Technical Skill Requirements

·  Strong programme management skill covering the whole programme lifecycle from initiation to closure
·  Strong understanding of Treasury or Markets Treasury or ALCM business, with ability to translate complex concepts into programme artefacts   
·  Good understanding of systems and data architecture in Treasury, risk or Finance environments, with ability to bridge the communication between business stakeholders and Technology team 

Educational Requirements

·  Educated to minimum of degree level or equivalent professional qualification 

Personal Skill Requirements

·  Strong execution and problem solving skills
·  Strong stakeholder management skills 
·  Ability to present information in a professional manner, including preparing documents for review by C-level audiences
·  Excellent written and verbal communication skills to C-level audiences
·  Personal ownership of target and resolution of issues
·  High degree of motivation and commitment
·  Ability to deal with change in role and working environment
·  Team player and able to manage conflict and conflicting priorities
·  Ability to provide direction to more junior colleagues
·  Ability to drive delivery in a changing landscape 

Experience

·  Extensive years of experience in Financial services 
·  Project Experience across both internal reporting and regulatory requirements, with experience of Finance or Risk systems and processes 
·  Experience in managing large, complex programmes or a porfolio of projecs is a must
·  Experience in people management is a must
·  Experience in communications and providing information to senior stakeholders (mininum to Managing Director level) is a must 

You’ll achieve more when you join HSBC. 
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Issued by The Hongkong and Shanghai Banking Corporation Limited