Analyst, Markets Treasury, India

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Key responsibilities for the Markets Treasury 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 cash position across multiple currencies, nostros, Central Bank accounts 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.

This position within Markets Treasury reports to the Head of Markets Treasury, India.  

Primary responsibilities for the role include:

Cash management – ensuring the efficient management of the central bank and nostros accounts across all balance sheet currencies (predominantly INR). This requires a considerable amount of communication with internal and external stakeholders ranging from our Operations teams to market counterparties. The role holder is expected to act in accordance with all regulatory rules and guidelines with consideration given to multi-regulations especially when squaring foreign currency balances with nostro agents and/or central banks.

 Funding and liquidity management – ensuring INM remain within the liquidity risk appetite in each material currency primarily via the use of money market and FX swap. Markets Treasury works in close coordination with the Asset, Liability and Capital Management (ALCM) team for matters pertaining to funding transfer pricing and liquidity policy. Markets Treasury team is involved in day to day management of overall liquidity position, as well as in any new frameworks being adopted. This involves daily interaction and coordination with Markets and Securities Services (MSS) with regard to cash and liquidity allocation and other related topics. The team also maintains active dialogue globally with Market Treasury teams in other sites especially on adoption of new metrics and frameworks.   

Management of structural interest rate risk in the Banking Book (including risk transfer of assets and liabilities with internal businesses) within risk appetite and capital resource capacity, delivering sustained optimal returns for HSBC India.

 Investment and management of the liquid asset buffer portfolio, mainly in the short-end of the rate curve. Utilizing the range of permitted instruments (such as FX/cross-currency swap, money market, repo, IRS, fixed income products) and executing transactions in the market to manage risks and optimize revenues while minimizing accounting volatility. The optimizing of returns must never be unduly prioritized over liquidity.

 Providing reporting and analytics on the value of Markets Treasury positions, including P&L, net interest income, return on risk-weighted asset, risk positioning to ensure efficient management based on empirical data.