HSBC Careers Near Me – Head of Regional Hedging Unit

Job Description:

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.

Job Responsibilities:

• Partner with the Global Businesses, particularly with Treasury, to facilitate a sustainable and efficient risk management framework which uses accounting designations (such as hedge accounting or fair value option) to support capital and liquidity beneficial hedging strategies.
• Act as a key contact point with key non-PC stakeholders (including management of Front Office, Traded Risk, Operations, IT and other Finance teams) regarding the accounting hedging activities within the region they are responsible for.
• Work closely with other PC teams which support the Global Businesses (outside the hedging risk management framework) so that the Global Businesses receive a seamless and comprehensive support
• Support the Global Head of Hedging Units in delivering a globally consistent, compliant and future proof hedging framework in the Group
• Maintain HSBC internal control standards, including timely implementation of assurance, internal and external audit points
• Manage the EMEA RHU team and ensure that the team is adequately resourced and that all team members receive appropriate training, mentoring and career development guidance
• Coordinate the necessary actions to implement hedging models compliant with the Internal Modelling requirements applicable to PC hedging activities in EMEA
• To communicate risk, control framework and technical accounting requirements in a way that non-experts can understand.
• Work with the dedicated Global Hedging Unit (‘GHU’) resources in their team and across the Group to integrate the recommended changes and processes needed to deliver a globally consistent and compliant hedging framework. These include but are not limited to the following:
• Coordinate the compliance with the Group Sarbanes-Oxley (SOX) requirements for RHU in EMEA
• Lead and provide specific SME guidance on agreed topics across the Group, and be responsible for implementing a globally consistent set of processes, controls and eventually IT systems for those agreed topics.
• Promote continuous improvement for all activities including increasing efficiency and controls through procedures/systems change process
• Coordinate the design and the implementation of IT Change Projects and Initiatives for RHU in EMEA with an aim to use globally consistent IT infrastructure

Job Requirements:

• Prior Product Control experience across multiple asset class
• University graduate from a reputed institution in financial or economic subject
• Experience in managing and leading a team
• Excellent analytical skills and a proactive approach to problem solving
• Advanced MS Excel, Python, or other Data Science tools will be plus
• Work independently with minimum guidance and able to work under pressure to meet tight deadlines
• Good understanding of Financial Markets, risks and changing regulatory environment (products traded, associated risks and their life cycle, valuation techniques)
• Good understanding of accounting principles applicable to hedge accounting and fair value designations

Job Details:

Company: HSBC

Vacancy Type:  Full Time

Job Location: London, England, UK

Application Deadline: N/A

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