Head of Regional Hedging Unit (RHU) - Americas

Key Skills

Data science techniques, Finance, Microsoft-Excel, Python Programming, Risk Analytics, Teamwork

Job Description

Head of Regional Hedging Unit (RHU) - Americas

Finance

Some careers open more doors than others!

If you’re looking for a career that will unlock new opportunities, join HSBC and experience the possibilities. Whether you want a role that could take you to the top, or simply take you in an exciting new direction, HSBC offers opportunities, support and rewards that will take you further.

Finance is integral to HSBC’s purpose and strategy, playing a valued role in managing costs and deploying capital in the most effective way. Our global team of finance professional partner with the business to provide trusted insights and forward looking analysis, accuracy, efficiency, and control to frame and influence business decisions.

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.

We are currently seeking an expert individual to join this team in the role of Head of Regional Hedging Unit (RHU) - Americas.

In this role, you will:

• Be the primary point of contact for all Hedge Accounting activities, controls, and practices for the Americas, and will be the key contact point with stakeholders (including management of Front Office, Traded Risk, Operations, IT, and other Finance teams) regarding the accounting hedging activities within the region.
• Partner with the Global Treasury business, to facilitate a sustainable and efficient risk management framework which uses accounting designations to support capital, IRRBB and liquidity beneficial hedging strategies.
• Lead a small physical and virtual team, providing specific SME guidance on relevant topics across the region, and be responsible for implementing a globally consistent set of processes, controls, and IT systems for hedge accounting.
• Support the Global Hedging Unit in delivering a globally consistent, compliant, and future proof hedging framework in the Group.
• 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.
• Coordinate the necessary actions to implement hedging models compliant with the Internal Modelling requirements applicable to PC hedging activities in Americas.
• Coordinate compliance with the Group Sarbanes-Oxley (SOX) requirements for RHU in Americas.
• Coordinate the design and the implementation of IT Change Projects and Initiatives for RHU in Americas with an aim to use globally consistent IT infrastructure.
• Manage the Americas RHU team and ensure that the team is adequately resourced and that all team members receive appropriate training, mentoring and career development guidance.
• Promote continuous improvement for all activities including increasing efficiency and controls through procedures/systems change process.
• Maintain HSBC internal control standards, including timely implementation of assurance, internal and external audit points.
• To communicate risk, control framework and technical accounting requirements in a way that non-experts can understand.
• Have a reporting line into the US.

Requirements

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

• Qualified Accountant (ACA, ACCA or equivalent) or qualified by experience.
• Demonstrable experience of the accounting principles applicable to Hedge Accounting, fair value designations and prior experience in a Hedge Accounting or similar technical role.
• Prior Product Control experience across multiple asset class with a strong understanding of Financial Markets, risks, and the changing regulatory environment (products traded, associated risks and their life cycle, valuation techniques).
• Experience in managing and leading a team and working with teams in diverse geographical locations.
• Advanced MS Excel, Python, or other Data Science tools.
• Experience of building and maintaining strong relationships with stakeholders (all levels of seniority).

The base location for this role is London. Candidates who require flexibility on location in the UK will still be considered but will be required to travel to London aligned to a hybrid working pattern.

You’ll achieve more when you join HSBC.

HSBC is 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. Personal data held by the Bank relating to employment applications will be used in accordance with our Privacy Statement, which is available on our website.

HSBC is committed to being an inclusive employer and providing an inclusive and accessible recruitment process for all. We will provide reasonable adjustments to remove any disadvantage to you being considered for this role. We are proud members of the Disability Confident Scheme, and will offer an interview to disabled candidates who meet the minimum criteria for the role.

If you would like to receive any information in a different way or would like us to do anything differently to help you apply for our roles, please contact our Recruitment Helpdesk:

Email: hsbc.recruitment@hsbc.com

Telephone: +44 2078328500