HBCE Liquidity Manager

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HSBC is one of the largest banking and financial services organisations in the world, with operations in 62 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 realise their ambitions.

We are currently seeking an experienced professional to join our team in the role of HBCE Liquidity Manager

Business: Finance

Principal responsibilities

• Be a senior member of the liquidity team for HSBC Continental Europe (HBCE). The HBCE Solo entity is comprised of France and its nine branches across the EU region including Germany, the Netherlands, Luxembourg, Ireland, Belgium, Spain, Italy, Czech Republic and Poland. It is a circa USD 300 million wholesale balance sheet, movements in which have an impact on the Group’s consolidated liquidity metrics. The HBCE Liquidity team also has oversight of the wider HBCE Consolidated entity, which includes its subsidiaries in Malta (HBMT) and private bank in Luxembourg (PBLU). All three entities make up the HBCE Consolidated entity which is regulated by the European Central Bank (ECB). The continental Europe sub-region has undergone substantial strategic changes over the past few years and continues to evolve, and the HBCE Treasury team plays an important role in supporting these strategic changes.
• The HBCE Liquidity team is responsible for setting the strategy for liquidity management, ensuring the liquidity policy is effectively implemented, owning entity stress testing, and ultimately steering the entity’s liquidity to ensure safe, yet efficient, management of liquidity from a first line perspective.
• The HBCE Liquidity team is relatively small and covers the full range of liquidity topics from regulatory reporting (both local and PRA), overseeing local change projects, partnering with the businesses and ensuring liquidity and funding is optimised within limits, ensuring local regulations are met. The team works closely with Markets Treasury, the Recovery & Resolution Planning teams, the wholesale and markets businesses (including Financial Resources Management), Regulatory Affairs, Risk and a number of other teams across the bank. The HBCE Liquidity team works very closely together on topics, such that everyone has a reasonable understanding of most topics.
• The role requires a good understanding of the drivers of liquidity risk and how these elements relate to each other, constraining businesses in different ways, and under different circumstances. A key aspect of the role will involve the ability to translate these complex topics into clear and concise messages for stakeholders outside of Treasury, notably producing papers for the ALCO, Risk Committee and Board of HBCE. The annual ILAAP report is one of the key deliverables of the HBCE Liquidity team, so the role holder will play an important role in the delivery of this annual regulatory document for HBCE, as well as coordinating with the HBMT and PBLU subsidiaries.
• In addition to strong written communication skills, the role holder will need to be able to interact and communicate confidently with senior stakeholders, particularly in challenging the business lines with respect to their net consumption of liquidity and funding. The role will also require the ability to operate effectively across the matrix ensuring connectivity across sites and with regional and global colleagues.