Manager - Hedge Accounting

In compliance with applicable laws, HSBC is committed to employing only those who are authorized to work in the US. Applicants must be legally authorized to work in the U.S. as HSBC will not engage in immigration sponsorship for this position.

Our purpose – Opening up a world of opportunity – explains why we exist. Here at HSBC we use our unique expertise, capabilities, breadth and perspectives to open up new kinds of opportunity for our more than 40 million customers. We’re bringing together the people, ideas and capital that nurture progress and growth, helping to create a better world – for our customers, our people, our investors, our communities and the planet we all share.

The manager of Regional Hedging Unit of fixed income and FX products for Markets Treasury, with specific responsibility and oversight over the hedge accounting process.  

As our Manager - Hedge Accounting, you will:

• Manage, Oversee and coordinate hedge accounting in accordance with IAS #39 and FAS #133 rules – fair value and cash flow hedging activities
• Support the team on the on-going monitoring and testing for hedge effectiveness on existing deals
• Manage and assist in hedge accounting documentation, including initial hedge testing
• Manage Daily/weekly/monthly analysis of hedging results along with P&L explain and commentary
• Review the monthly commentary on hedging results of various portfolios supported
• Participate and oversee selected projects within Finance Global/Local and Markets Treasury
• Manage, guide and motivate team members. Recognize and promote talent actively participating in back up planning
• Manage and Oversight of near-shore support team, coordinating their efforts to best support the New York team
• Support and investigate new/proposed hedging strategies

You´ll likely have the following skills to succeed in this role:

• Works effectively with other Product Control teams and Finance teams within the Americas region
• Builds and maintains a strong communication network with key stakeholders
• Proper and timely escalation of issues to senior management
• Lead and develop an effective team through communication, performance management, development plans and reward/recognition practices
• Promote an environment that supports diversity and reflects the HSBC brand
• Strong knowledge of interest rate and FX products including controls, reconciliations, etc
• Strong Finance skills including understanding of risk management and P&L attribution
• BS in Finance/Accounting at a minimum, CPA or MBA with a concentration in Accounting is preferred, CFA also desirable
• Preferable to have minimum of three years experience in a top-tier public accounting firm with experience in financial services industry, preferably in fixed-rate derivative products
• Strong skill-set with an understanding/insight into operational issues of fixed income products, including an aptitude towards working with bond math
• Working knowledge of IFRS and/or US-GAAP accounting standards
• Manage competing priorities with focus on Product control, Finance and accounting
• Strong/Excellent computer skills (Excel, Word, etc.), knowledge of Summit or other derivative trading systems a plus

As an HSBC employee, you will have access to tailored professional development opportunities to ensure you have the right skills for today and tomorrow. We offer a competitive pay and benefits package including a robust Wellness Hub, all in a welcoming and inclusive work environment. You will be empowered to drive HSBC’s engagement with the communities we serve through an industry-leading volunteerism policy, a generous matching gift program, and a comprehensive program of immersive Sustainability and Climate Change Initiatives. You’ll want to join our Employee Resource Groups as they play a central part in life at HSBC, including the development of our employees and networking inside and outside of HSBC. We value difference. We succeed together. We take responsibility. We get it done. And we want you to help us build the bank of the future!

Your final fixed pay offer will depend on the candidate and several variables, including but not limited to, role responsibilities, skill set, depth of experience and education, licensing/certification requirements, internal relativity, and specific work location.

All qualified applicants will receive consideration for employment without regard to age, ancestry, color, race, national origin, ethnicity, disability or medical condition, genetic information, military or veteran service, religion, creed, sex, gender, pregnancy, childbirth, caregiver status, marital status, citizenship or immigration status, sexual orientation, gender identity or expression or any other trait protected by applicable law.