Head of Business Finance - Commercial Banking

Job Description

Our purpose – Opening up a world of opportunity – explains why we exist. Here at HSBC we use our unique expertise, capabilities, breadth and perspectives to open up new kinds of opportunity for our more than 40 million customers. We’re bringing together the people, ideas and capital that nurture progress and growth, helping to create a better world – for our customers, our people, our investors, our communities and the planet we all share.

This is a key business and finance leadership role that is focused on business partnering, strategic advice and supporting and driving business performance. This role is a critical member of the HBUS Commercial Banking (CMB) Executive committee, providing finance stewardship, controllership governance and oversight as well as driving business performance and contributing to the formation of business strategy.

The job holder requires an understanding of issues from a country, regional and global perspective, an understanding of the CMB and Group structure, and an appreciation of the commercial implications of differing business models. Additionally, the role demands a leader with a strong ability to influence and drive financial strategy, direction, and consistency across cultures/regions. A number of the functions that may impact the overall financial support for CMB are not part of the Head of Business Finance direct areas of responsibility/ownership. In addition, the finance team have responsibility of supporting the GTRF and GPS global product businesses. Key challenges of the Head of Business Finance CMB role are therefore to co-ordinate and manage the related parties.

The job holder requires a strong understanding of the Commercial Banking segments, Global Trade and Receivables Finance, as well as Global Payment Solutions businesses and its key strategies. The ability to understand and identify key business and economic factors that drive business performance is required to effectively provide insight and advice to the business leaders.

As our Head of Business Finance - Commercial Banking you will:

• Lead and build a high performance business finance function that can support the business efficiently and effectively
• Drive business performance and support HBUS CMB EXCO team to make sound business decision making by providing insightful business performance analytics, highlighting risks and opportunities, and providing strong commercial finance support (e.g. pricing, competitive analysis, client and product profitability, portfolio management) including across each of the segments – Corporates, ISB, CRE, Business Banking and Innovation Banking
• Ensure effective allocation of resources (including balance sheet growth, strategic investment decisions and budget allocation) to optimize returns for the firm and shareholders
• Owns the business strategic planning and forecasting processes, including target setting, financial projections / stress testing (including CCAR), AOP and other strategic planning, and investor relations
• Simplify, develop and enhance the MI framework that is aligned to Group Finance MI Strategy, with the goal of achieving one version of truth for both financial and non-financial performance indicators that are aligned to the achievement of CMB strategy and that is timely, accurate, and complete
• Support business development activities related to acquisitions and divestitures
• Be a change agent during times of significant business and functional transformation
• Support PWC in quarterly updates, audits or other information sharing
• Provide guidance and support of operations on U.S. legal entities including HSBC Ventures for Innovation venture lending.
• Support both PRA RWAs and U.S. RWAs (local) which drives US capital plan and returns as business needs and growth changes; and provide guidance under U.S. constraints including RWAs and committed unfunded caps
• Support Omnia initiatives, reporting, reconciliations, projects and governance in support of the U.S. CMB’s material inbound and outbound flows
  
  

For this role, HSBC targets a pay range between $250,000.00 and $350,000.00

The final fixed pay offer will depend on the candidate and a number of variables, including but not limited to, role responsibilities, skill set, depth of experience and education, licensing/certification requirements, internal relativity, and specific work location.

At HSBC, our overall goal is to provide a competitive Total Reward Package, with an appropriate mix of fixed pay, and variable pay, as part of an employee’s overall total compensation and benefits. Variable pay generally takes the form of discretionary, annual awards (sometimes referred to as a “bonus”). Additionally, HSBC offers a wide range of competitive and flexible benefits designed to help you improve your health and well-being, finances, and lifestyle.

Requirements

You´ll likely have the following qualifications to succeed in this role:

• Have a varied finance career with exposure across multiple finance disciplines (i.e. Financial Accounting & Control; Business Information & Analysis; Financial & Regulatory Reporting; Capital Management & Taxation; legal entity CFO; Accounting Policy; Change Management)
• Exceptional drive and commitment
• Ability to work and thrive in a fast changing, results driven environment
• Commercially minded; customer focused
• Outstanding leadership skills, demonstrating ability to use initiative and effect change through people in a large matrix organisation
• Considered as a role model, driving performance by living the values
• Ability to highlight problems but more importantly offer solutions, and drive through their execution in a collective environment
• Strong management information background, both in terms of required content, production processes and understanding what drives the numbers reported
• Solid controls background (internal & external audit experience is ideal)
• Strategic thinker and pragmatic implementer able to develop efficient methods of bringing about change
  
  

In compliance with applicable laws, HSBC is committed to employing only those who are authorized to work in the U.S. Applicants must be legally authorized to work in the U.S. as HSBC will not engage in immigration sponsorship for this position.

As an HSBC employee, you will have access to tailored professional development opportunities to ensure you have the right skills for today and tomorrow. We offer a competitive pay and benefits package including a robust Wellness Hub, all in a welcoming, diverse and inclusive work environment. You will be empowered to drive HSBC’s engagement with the communities we serve through an industry-leading volunteerism policy, a generous matching gift program, and a comprehensive program of immersive Sustainability and Climate Change Initiatives. You’ll want to join our Employee Resource Groups as they play a central part in life at HSBC, including the development of our employees and networking inside and outside of HSBC. We value difference. We succeed together. We take responsibility. We get it done. And we want you to help us build the bank of the future!

All qualified applicants will receive consideration for employment without regard to age, ancestry, color, race, national origin, ethnicity, disability or medical condition, genetic information, military or veteran service, religion, creed, sex, gender, pregnancy, childbirth, caregiver status, marital status, citizenship or immigration status, sexual orientation, gender identity or expression or any other trait protected by applicable law.