Investment Portfolio, Vice President – Markets Treasury
Markets Treasury is responsible for management of the HSBC Bank USA N.A. Investment Portfolio. Key responsibilities for the business include:
- Management of structural interest rate risk of the bank.
- Formulation and implementation of interest rate, investment, liquidity, and funding strategies for the bank in line with overall policies and procedures via HSBC’s relevant governance structure.
- Markets Treasury is a profit center and whilst managing risk, liquidity and funding is the primary driver, it is charged with doing so in the context of agreed financial targets.
- Management of on-balance sheet assets and off-balance sheet liabilities that involve multiple considerations such a total return, total gain/loss, net interest income, return on risk-weighted assets, and liquidity objectives.
- Ensure that the liquid asset buffer of investment securities represents a diversified executable cohort – in accordance with regulatory and internal requirements.
- Management of the bank’s US dollar cash position including the Federal Reserve Bank account and intraday liquidity activities.
- Identification, development, and implementation of balance sheet management solutions including the creation and management of swap hedging programs associated with fixed and floating rate assets and liabilities on the balance sheet.
- Partnering with broader areas of the firm including legal, capital, liquidity, risk, operations, product control and other groups to implement balance sheet solutions in line with the firm’s overall objectives and strategies.
- Supporting the firm’s broader transformation efforts and initiatives.
The position within Markets Treasury reports to the Chief Investment Officer. Primary responsibilities for the role include:
- Develop and manage accurate and high quality analytics functionality which supports management of risks within the Investment Portfolio, including but not limited to revenue forecasting, liquidity, market, and credit risks.
- Fully understand prepayment modelling practices and bias as relates to risk posture and external references
- Fully understand the nature of the risks to which the business is exposed and responsible for managing. Quantify and monitor key drivers of the risk position. Implement sophisticated tools to support risk management and guide investment decisions.
- Work with independent control functions to be comfortable with the data integrity and quality of analytics which are produced.
- Support delivery of Investment Portfolio’s overall business objectives as set out in the annual Global performance scorecard. These include measures around financial targets (Revenues, Costs, RWAs) as well as non-financial measures centered around Liquidity Risk Management, Strategic priorities, and Risk and Compliance related topics (e.g. Conduct, benchmarks, operation risk).
- Support management’s desired interest rate risk posture, such as the following:
- Investment Portfolio’s compliance to all relevant internal and external limits to which it has been advised, including a) Market Risk, b) RWA, c) and liquidity limits.
- Trade execution across Investment Securities Portfolio products
- Support management in sector allocation as well as individual security selection within the portfolio.
- Individuals are expected to generate original investment ideas to drive relative value considerations and enhance portfolio returns for management review.
- Expected to be familiar with the sensitivities of the local balance sheet for which they are responsible
- Expected to have a detailed understanding of qualified hedge accounting practices and the impact of those standards
- Maintenance of satisfactory model governance for models owned by Markets Treasury
- Ensuring Markets Treasury senior management are kept informed of all key financial / non-financial issues / developments impacting the business / entity / region by way of acting as a key point of escalation and if required, play a role in any subsequent remediation efforts.
- Keeping abreast of market trends and competitive developments through establishing and managing an external network of market and regulatory contacts.
- Manage and mitigate operational and conduct risk in day to day operations. Jobholder must understand their position as the First Line of Defense and operate within operational risk policy, escalating in a timely manner where they are unsure.
- Please note: the content of this Job Profile does not represent an exhaustive list of all the required responsibilities, duties and skills.
For this role, HSBC targets a fixed pay range between $164,000 and $200,000.
The final fixed pay offer will depend on the candidate and a number of variables, including but not limited to, role responsibilities, skill set, depth of experience and education, licensing/certification requirements, internal relativity, and specific work location.
At HSBC, our overall goal is to provide a competitive Total Reward Package, with an appropriate mix of fixed pay, and variable pay, as part of an employee’s overall total compensation and benefits. Variable pay generally takes the form of discretionary, annual awards (sometimes referred to as a “bonus”). Additionally, HSBC offers a wide range of competitive and flexible benefits designed to help you improve your health and well-being, finances, and lifestyle.