Head of Valuation, Reporting and Analytics, Europe and Americas

HSBC; Greater London; Hybrid; GBP 100,000 - 150,000; Full time

Job summary

A leading global bank in London is seeking a Head of Valuation, Reporting and Analytics for Europe and Americas. This role involves managing a team, ensuring the accuracy of the bank's financial statements, and driving simplification objectives while collaborating with various stakeholders. The ideal candidate has a solid understanding of derivative products and strong regulatory knowledge, with proven leadership skills.

Qualifications

• Solid understanding of derivative and linear traded products.
• Experience in Fair Value concepts and Fair Value Adjustment processes.
• Demonstrable financial and non-financial risk management experience.

Responsibilities

• Develop and control Fair Value Methodology and Reporting.
• Lead and manage the Global team for HSBC Balance Sheet.
• Drive simplification objectives and manage stakeholder interactions.

Skills

Product Knowledge

Fair Value Expertise

Controls Experience

Leadership Experience

Strategic Initiative Formulation

Team Management

Regulatory Knowledge

Problem-Solving Skills

Communication Skills

Industry Relationships

Financial Communication Framework

Stakeholder Relationship Management

Job description

If you’re looking to take an exciting new direction with your HSBC career, an internal move can open the door to many opportunities, allowing you to take on a new challenge, and develop your skills. Bring your knowledge of our brand to a new role and grow yourself further.

Head of Valuation, Reporting and Analytics, Europe and Americas

The role is crucial for shaping and executing the control environment and ensuring the accuracy of HSBC's financial statements, particularly concerning the fair valuation of products across the Group. You will be responsible for leading the team developing methodologies feeding regulatory and financial reporting, managing controls around valuation models and processes, and ensuring high-standard governance and documentation. You will navigate interactions with regulators and auditors regarding valuation processes. The role involves independent price verification, financial analysis, reporting, and providing product expertise for traded products. It also includes driving conversations with stakeholders across the HSBC businesses, the CFOs and Controllership teams, making it a significant and rewarding position with opportunities to engage in new client and regulatory initiatives.

In this role, you will:

• Development and control of Fair Value Methodology and Reporting: Responsible for the fair value methodology for relevant products on the HSBC Balance Sheet, including production and reporting, ensuring accuracy in financial statements.
• Leadership and Management: Lead and manage the Global team focusing on the HSBC Group Balance Sheet in Europe and Americas, promoting a robust control framework and supporting the overall Product Control strategy.
• Simplification and Efficiency: Drive simplification objectives by identifying synergies and opportunities for efficiency, working with Analytics engineering teams and Finance change on process consistency and standardisation.
• Stakeholder Collaboration: Manage extensive interactions within the Controllership team, broader Finance, Internal Audit, and external stakeholders like PWC, PRA, and ECB, ensuring accountability and fulfilling the role as controller and gatekeeper.
• Member of the Valuation Management Team: Assist the Global Head in managing the global team, setting frameworks, and executing substantial initiatives across businesses and products with multiple stakeholders.

To be successful in this role you should meet the following requirements:

• Product Knowledge: A solid understanding of derivative and linear traded products, including fair value, profit/loss, trade reviews, and balance sheet reporting. Familiarity with the quantitative requirements of pricing models is also important.
• Fair Value Expertise: Detailed and recent experience of Fair Value concepts, Fair Value Adjustment processes, and the measurement, management, financial reporting and control around these areas (e.g., mathematical models, coding).
• Controls Experience: Demonstrable financial and non-financial risk management experience.
• Leadership Experience: Proven leadership experience with the ability to build connections and work collaboratively across boundaries. You should be able to provide sound counsel to senior leaders.
• Strategic Initiative Formulation: Ability to formulate, disseminate, and implement firm-wide strategic initiatives on model and model governance.
• Team Management: Experience in driving a technical and diverse team with quantitative, financial, and accounting acumen.
• Regulatory Knowledge: Strong knowledge of the global and regional/country regulatory landscape and the ability to assess the impact of market shifts and rule changes on the bank's model environment.
• Problem-Solving Skills: Experience in resolving complex issues through leadership, influence, and negotiation.
• Communication Skills: Excellent communication, influencing, and interpersonal skills, with a strong track record of engaging, challenging, and influencing business performance in a large global bank.
• Industry Relationships: Ability to build and maintain relationships with key industry players, peers and regulators to influence policy decisions that protect the bank's customers interests.
• Financial Communication Framework: Expertise in developing and institutionalising a financial communication framework, including processes, timelines, standards, and guidelines.
• Stakeholder Relationship Management: The ability to develop effective working relationships with stakeholders of different seniority and geographical locations is crucial.

The base location for this role will be London and with a hybrid working pattern.

If you are an HSBC Contractor and wish to apply to this role, click here: https://career2.successfactors.eu/sfcareer/jobreqcareerpvt?jobId=13240&company=hsbcholdin&st=42C571E25232CF076550161EBED59A0B1D35D9D9

To support you with putting your best foot forward for our internal opportunities, you are invited to take advantage of our CV and Interview workshops, hosted by our Talent Acquisition team. To find out more and register to attend please click on this: SuccessFactors Learning: Item Details for CV and Interview skills Classes

Being open to different points of view is important for our business and the communities we serve. At HSBC, we’re dedicated to creating diverse and inclusive workplaces - no matter their gender, ethnicity, disability, religion, sexual orientation, or age. We are committed to removing barriers and ensuring careers at HSBC are inclusive and accessible for everyone to be at their best. We take pride in being a Disability Confident Leader and will offer an interview to people with disabilities, long term conditions or neurodivergent candidates who meet the minimum criteria for the role.

If you have a need that requires accommodations or changes during the recruitment process, please get in touch with our Recruitment Helpdesk:

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