At HSBC, our purpose is opening up a world of opportunity and by joining our team, you can be part of something bigger We are committed to removing barriers and ensuring careers at HSBC are inclusive and accessible.

Here in France, you’ll help evolve and grow our business.

What you will do:

The role Senior Manager IRRBB offers the successful candidate an opportunity to work in a team supporting the HBCE Head of ALCM in delivering high-quality reports on IRRBB to the regulator, in being a trusted partner to the HBCE businesses in managing IRRBB, and to implement HSBC’s Interest Rate Risk in the Banking Book (IRRBB) framework and strategy. The new IRRBB strategy will increase NII stabilization whilst reducing core capital sensitivity and result in further improvements in risk monitoring and management.
Working closely with Markets Treasury, Group IRRBB teams, Treasury Risk Management, Lines of Business, FinOPs, IT, SPST to improve HBCE’s current IRRBB capabilities considering the strategy and deliver a planned book of work to remediate identified compliance gaps.

In this role you will:

The role holder will ensure that the HBCE IRRBB strategy and governance framework is delivered in a timely fashion in a collaborative and constructive working environment, ensuring sustainable success via a robust conduct and regulatory framework.

Working within the HBCE ALCM IRRBB team, reporting to the HBCE Head of IRRBB, the role holder will provide support on all methodology, procedures and governance related activities, helping to shape and drive the implementation of the new IRRBB strategy by providing day-to-day business leadership, harnessing support from Regional and Global Treasury colleagues.The role holder will combine strong subject matter expertise in IRRBB topics, together with good experience and understanding of structuring and driving large scale strategy implementation to meet business objectives.Providing support to the Head of IRRBB to enable measured and informed decisions around the required trade off in entity financial resources to achieve the desired level of NII stabilization.Working collaboratively with colleagues within the regional and group Treasury Function to define a consistent and comprehensive IRRBB strategy, governance and steering approach.Supporting the implementation of the new IRRBB strategy, and governance framework, defining IRRBB risk appetite and be responsible for regulatory interpretation and engagement.Providing support to the Head of IRRBB to define and implement optimal governance and decision-making forums ensuring clear accountabilities for reporting and managing IRRBB, and input into the policy owned by IRRBB 2LOD.Supporting activities to improve the measurement and management of all material IRRBB risks and propose IRRBB risk appetite.Supporting and partially leading the work on regulatory deliverables and ad-hoc requests in close cooperation with Treasury and other Finance functions.Working with business and Treasury functions to support efficient and policy compliant transfer pricing framework.Ensure and promote sharing and adoption of best practice / lessons learned / continual improvement ethos.Support effective management of capital whilst operating within a strict control environment / limit framework and in doing so, optimizing profitability.Ensuring Treasury senior management are kept informed of all key financial / non-financial issues / developments impacting the business by way of acting as a key point of escalation and if required, play a critical part in any subsequent remediation efforts.

Impact on the Business / Function

Ensuring focus on strategic delivery for IRRBB management, regulatory reporting and the delivery of regional and global strategy.Operations: Close cooperation with FinOps ton ensure timely and accurate deliverables.Commercial: Focus on delivering strong commercial goals and objectives at HBCE level, contributing to strategic plans.Delivery: Managing transformation activities to achieve specified standards, results, and outputs.Liaise with all regulatory parties internal and external as required.

Customers/Stakeholders

Networking, developing, and nurturing key working relationships within our stakeholder community (Regions/Countries/Functions/Global Businesses) by anticipating and identifying their needs.Regulator/external and Internal bodies: Building and maintaining relationships with external and internal partners, regulators, industry bodies and others to keep up to date with developments.Help to represent the function at governance committees and forums to ensure that key objectives are prioritized appropriately.Help to deliver fair outcomes for our customers and ensure own conduct maintains the orderly and transparent operation of financial markets.Critical in ensuring operative efficience within the agreed risk appetite and in full compliance with all Regulations and Group requirements.

Leadership and Teamwork

Develop and communicate a clear vision that is aligned to the overall HSBC vision, Values and goals, and inspires and engages people to create an inclusive, high performing, “customer” acentric culture.Set expectations, share best practice and manage, monitor, coach and develop staff / colleagues to ensure that they maximize their performance, meet the required standards, and continuously develop their capabilities and experience.Encourage constructive cross-country and cross-business teamwork by demonstrating collaboration and matrix management in action and taking prompt action to address any activities and behaviours that are not consistent with HSBC's diversity policy and/or the best interests of the business and its customers.

Operational Effectiveness and Control

Lead the continuing development, implementation and improvement of the processes, structures, capabilities, capacity and infrastructure needed to deliver agreed plans and targets, collaborating with colleagues to maximize end to end integration, effectiveness and efficiency.Establish and maintain a robust and efficient control environment to ensure good operational, financial and project management and compliance with HSBC policy and procedures, together with early identification and effective resolution or escalation of issues that arise.Lead the development, implementation and maintenance of management information, analysis and reporting framework that supports timely and effective business management and decision making at all levels.Lead the implementation and oversight of policy and governance frameworks, procedures, practices and standards to ensure quality, effective risk management and regulatory compliance.

Observation of Internal Controls (Compliance Policy/FIM requirements)

The jobholder will adhere to, and be able to demonstrate adherence to, internal controls and will implement the Group compliance policy by adhering to all relevant processes/proceduresThe jobholder will implement the Group compliance policy by adhering to all relevant processes/procedures. The term ‘compliance’ embraces all relevant financial services laws, rules and codes with which the business has to comply.This will be achieved by adherence to all relevant procedures, keeping appropriate records and, where appropriate, by the timely implementation of internal and external audit points, including issues raised by external regulators. Through the implementation the Global AML, Sanctions and ABC Policies, supporting Guidance, and Line of Business Procedures the jobholder will make informed decisions in accordance with the core principles of HSBC's Financial Crime Risk Appetite
Management of Risk (Operational Risk/FIM requirements)The jobholder will ensure the fair treatment of our customers is at the heart of everything we do, both personally and as an organizationThis will be achieved by consistently displaying the behaviours that form part of the HSBC Values and culture and adhering to HSBC risk policies and procedures, including notification and escalation of any concerns, and taking required action in relation to points raised by audit and/or external regulatorsThe jobholder is responsible for managing and mitigating operational risks in their day-to-day operations particularly in the delivery and embedded end-state of Transformation actvity. In executing these responsibilities, the Group has adopted risk management and internal control structure referred to as the ‘Three Lines of Defence’. The jobholder should ensure they understand their position within the Three Lines of Defence, and act accordingly in line with operational risk policy, escalating in a timely manner where they are unsure of actions required.