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HSBC is one of the largest banking and financial services organizations in the world, with operations in 64 countries and territories. We aim to be where the growth is, enabling businesses to thrive and economies to prosper, and, ultimately, helping people to fulfil their hopes and realize their ambitions.
We are currently seeking an experienced professional to join our team in the role of Manager, Group RoTE/EP Reporting
Purpose of the role
Post-crisis, and with the implementation of Basel III, capital has become a scarce resource and the Group Treasury processes need to evolve to reflect this. Return on Tangible Equity (RoTE) and Economic Profit (EP) reporting are now an integral part of Finance Processes, including Financial Resource Planning. This requires successful co-ordination of activities across a wide range of stakeholders against frequently tight timetables, the ability to work collaboratively with other teams within Finance and outside finance, while providing an effective review and challenge, the ability to place the financial results within a commercial context and identify opportunities for improvement, and clear communication of the outcomes. This is a unique and exciting opportunity to be part of Group RoTE/EP Reporting within Group Treasury Regulatory Strategy control under the Group Treasury. This role will support extensively to Group Treasury’s requirements and provide support in delivering the RoTE/EP outcomes to the Group, Global Businesses and Regions, for internal and external reporting. The role holder will also have the opportunity to add value, support in creating efficiency, thus providing the business with opportunities for investment or increased shareholder returns. Governance and Committee Memberships: Group Treasury teams across the Globe, Senior FP&A/Strategy stakeholders in each of the Global Businesses
In this role, you will:
- The role holder will be a part of Group Treasury within the Group Treasury, with a focus on the Return on Group Tangible Equity (RoTE) and Economic Profit (EP) metric. The role holder will work across a number of disciplines within Return on Group Tangible Equity (RoTE) and Economic Profit (EP) reporting, and report to the AVP, Group Return on Group Tangible Equity (RoTE) and Economic Profit (EP) Reporting. On a day-to-day basis, for functional matters, the role holder will also maintain a reporting line to the Group Return on Group Tangible Equity (RoTE) and Economic Profit (EP) team in London. The role holder will support the Group Return on Group Tangible Equity (RoTE) and Economic Profit (EP) Reporting in the following capacities:
- Take ownership and provide strategic support for the regular delivery of Return on Group Tangible Equity (RoTE) and Economic Profit (EP) reporting by Global Businesses, and associated plan and forecast financials.
- Build, maintain and strengthen strong working relationships with key stakeholders including Treasury teams across the globe; senior FP&A/Strategy stakeholders in each of the Global Businesses.
- Enhance and streamline Return on Group Tangible Equity (RoTE) and Economic Profit (EP) planning processes by proactively identifying areas for process improvements / re-engineering, driving meaningful change in the quality and timeless of results delivery.
- Deliver Managed and Marginal EP and embed analysis into strategic conversations. Drive the preparation and delivery of regular MI for the Markets Treasury teams drilling down to the key drivers of returns.
- Drive strategic understanding of the key drivers of Return on Group Tangible Equity (RoTE) and Economic Profit (EP) performance while ensuring high quality financial commentary to GB Finance, Group Reporting and Strategy teams.
- Ensure that the outputs are of a high quality, reflecting accepted regulatory policy and standards. Collaborate effectively within the Treasury team to proactively identify efficiency initiatives, investigate feasibility and support in implementation.
- Undertake other initiatives within the Treasury team, as required focusing on capital performance, ad-hoc analysis or be broader in nature
To be successful you will:
- Qualified ACA /CA/ Management Accountant / MBA / CFA with experience in Finance, Treasury, Corporate Finance and Banking, OR, Significant operational experience (3+ years) within Treasury/Capital Planning or Financial Reporting will be advantageous.
- Should have knowledge of accounting/financial reporting, capital requirements or has experience in analytics within financial services. More specifically, experience with handling and interpreting large and complex data sets. Comfortable to huge data points spreadsheet and able to ‘tell the story’ is a must.
- Experience of working with TM1 is preferred. Experience of using emerging technology (e.g. Qlik) a plus. Finance/ treasury/ risk background, with knowledge of accounting, capital requirements and market risk.
- Experience working in relevant environment/s, i.e. banking and relevant market/context, i.e. Capital reporting, regulatory experience, PRA experience.
- Both spoken and written communication skills with experience of adapting your style and approach to the audience and message to be delivered.
- Able to deliver to tight deadlines, react quickly when required. A broad understanding of financial budgets/statements/models, with experience of analyzing data effectively for planning, forecasting and reporting.
- Finance/ treasury/ risk background, with knowledge of accounting/financial reporting or capital requirements. Highly numerate with strong background in mathematic disciplines. Understanding of banking products and how they relate to capital requirements.
You’ll achieve more at HSBC
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HSBC is an equal opportunity employer 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 encourage applications from all suitably qualified persons irrespective of, but not limited to, their gender or genetic information, sexual orientation, ethnicity, religion, social status, medical care leave requirements, political affiliation, people with disabilities, color, national origin, veteran status, etc., We consider all applications based on merit and suitability to the role.”
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