Analyst, Markets Treasury

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We are currently seeking a professional to join our team in the role of: Analyst, Markets Treasury.

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.  

Role Purpose:

Markets Treasury is responsible for the management of the Liquid Asset Buffer, Cash Management, funding and structural interest rate risk for HSBC Group. They are a significant contributor to the revenue of the Group, with staff in over 40 sites worldwide and spans the various Group balance sheets. Markets Treasury provides input into each local ALCO and liaises extensively with Group and Entity Treasury.  It is managed by the Global Head, the Regional Heads for HCIB & MENAT, Asia Pacific and the Americas, and the COO.

Markets Treasury in the Non-ringfenced bank UK (HCIB) is organised in two halves which work very closely together. The Portfolio & Analytics team is responsible for the management of the entity’s Liquid Asset Buffer (LAB), management of the structural interest rate position, as well as providing reporting and analytics of the value the portfolio, RWA consumption and internal MI around the performance of the desk. The Funding & Liquidity team is responsible for the cash management of the entity, execution of the liquidity management strategy, wholesale funding and issuance. The successful candidate can be placed in either the Portfolio & Analytics team or Funding & Liquidity team, depending on their skillset and the team requirements. 

In this role, you will be responsible for:

Cash Management:
 
Markets Treasury’s role is to ensure that the bank’s surplus cash is deployed and cash deficits are financed in an efficient manner, whilst adhering to all the relevant internal and external requirements. This requires a considerable amount of communication with internal and external stakeholders ranging from our Operations team(s) to market counterparties. The role holder is expected to act in accordance with all regulatory rules and guidelines with consideration given to overseas regulators when squaring foreign currency balances with nostro agents and/or central banks.

Funding and liquidity:

Markets Treasury plays an important role in execution ensuring the entity meets its liquidity ratios in each material currency. Money market and FX swap instruments are often used for the purpose. Markets Treasury works in close coordination with the Group and Entity Treasury for matters pertaining to liquidity policy. Markets Treasury is reasonably active in Commercial Paper (CP), Certificate of Deposit (CD) and Vanilla Medium Term Note (MTN) market for the purpose of funding management. Funding and Liquidity team is involved in day to day execution of the entity’s overall liquidity management strategy. 

Liquid Asset Buffer (LAB) Management:

Markets Treasury are responsible for managing the entity’s Liquid Asset Buffer (LAB), within the risk appetite defined via the Liquid Asset Buffer Review Committee (LABRCOM). Markets Treasury regularly assess the liquidity characteristics of the portfolio to ensure that the LAB continues to be readily monetisable, even during a stress scenario.

Interest Rate Risk Management:

 
-    Management of interest rate positions (banking book) transferred from the various parts of the bank to MKTY. This includes management of the market risks resulting from the term interest rate buy-ins and execution of Structural Hedging for the entity. 
-    Optimisation of returns on LAB and dynamic management of interest rate risk in MKTY books, within the specified risk limits

Revenue target:

As with any role in Markets Treasury, the optimising of returns must never be unduly prioritised over liquidity. Markets Treasury actively manages the market risks resulting from interest rate risk buy-in and the liquid deployment of non-stable and excess stable cash and therefore aims to utilise the range of permitted instruments to manage risks and optimise revenues, always keeping liquidity at the forefront.

To be successful in this role you should meet the following requirements:

- Finance related education, preferably with a professional qualification.
- Experience in a Markets Treasury or MSS risk taking role preferred.
- Product knowledge including Money Market Products, Fixed Income, IR derivatives, Cross currency swaps, FX swaps & Repo.
- A broad knowledge of markets and economies.
- Strong analytical background essential.
- Excellent communication skills to deal with an extremely diverse set of stakeholders across complex issues and narratives.
- Strong computer skills with the ability to develop and maintain robust models including the use of Python.
- Excellent team player with a proactive and self-motivated attitude and ability to think and act independently.

This role is based in London.

Continue to grow with our internal opportunities.

To support you with putting your best foot forward for our internal opportunities, you are invited to take advantage of our CV and Interview workshops, hosted  by our Talent Acquisition team. To find out more and register to attend please copy and paste this link into your browser - https://performancemanager.successfactors.eu/sf/learning?destUrl=https%3a%2f%2fhsbcbank%2eplateau%2ecom%2flearning%2fuser%2fdeeplink%5fredirect%2ejsp%3flinkId%3dITEM%5fDETAILS%26componentID%3dLDXX1066V%2d000%2dENGBR%26componentTypeID%3dVILT%26revisionDate%3d1692279360000%26fromSF%3dY&company=hsbcholdin

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. Our recruitment processes are accessible to everyone -  no matter their gender, ethnicity, disability, religion, sexual orientation, or age.

We take pride in being part of the Disability Confident Scheme. This helps make sure you can be interviewed fairly if you have a disability, long term health condition, or are neurodiverse.If you’d like to apply for one of our roles and need adjustments made, please get in touch with our Recruitment Helpdesk:

Email: hsbc.recruitment@hsbc.com

Telephone: +44 207 832 8500