17 days old

Junior Portfolio Manager

New York, NY 10007
  • Job Code
    0000HFRU

At HSBC, the health and well-being of our employees remains of utmost importance.  Many of our roles are permitted to work from home (in states in which HSBC is licensed to operate) until further notice. Upon resumption of normal operations, this role may be performed at our New York, New York office.

 

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.
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    • Fully understand prepayment modelling practices and bias as relates to risk posture and external references
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    • 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. 
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    • 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:
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    • 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.
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    • Trade execution across Investment Portfolio products
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    • Support management in sector allocation as well as individual security selection within the portfolio. 
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    • Support meeting/exceeding management’s revenue targets as well as adding to net mark-to-market of the business. 
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    • Individuals are expected to generate original investment ideas to drive relative value considerations and enhance portfolio returns for management review. 
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    • Expected to be familiar with the sensitivities of the local balance sheet for which they are responsible
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    • 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, timely implementation of recommendations particularly high risk points raised by internal stakeholders
  • 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. 

Categories

Posted: 2022-06-08 Expires: 2022-07-08

HSBC offers the opportunity to develop a fulfilling career within a supportive and inclusive environment. We aim to be a place where everyone can achieve their full potential, regardless of their background.

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Junior Portfolio Manager

HSBC Bank USA
New York, NY 10007

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