Senior Manager IRRBB

HSBC Group; City of Westminster; On-site; GBP 80,000 - 100,000; Full time

Job summary

A leading global financial services organization is seeking a Senior Manager - IRRBB to support strategy implementation and global reporting of Interest Rate Risk in the Banking Book (IRRBB). The role requires significant IRRBB experience, strong analytical skills, and the ability to engage with stakeholders effectively. This position comes with competitive pay and benefits, including private healthcare and a contributory pension scheme. Candidates should possess relevant banking qualifications and a proven track record in analytical problem-solving.

Benefits

Private healthcare

Enhanced maternity and adoption pay

Contributory pension scheme

Qualifications

• Demonstrable experience within IRRBB and knowledge of best practices in risk management.
• Proven track record in developing new analyses and recommending actions.
• Comprehensive understanding of banking book products and behaviours.

Responsibilities

• Support the Global Head of IRRBB in shaping HSBC's risk management strategy.
• Ensure timely and consistent global reporting of IRRBB.
• Act as a subject matter expert for IRRBB best practices.

Skills

IRRBB Experience

Analytical Problem Solving

Stakeholder Engagement

Data and Systems Expertise

Strategic Leadership

Communication Skills

Education

Relevant banking qualifications

Job description

Overview

broad exposure to senior stakeholders across Markets Treasury, regional IRRBB teams, Finance, IT, and Investor Relations, while driving global reporting, providing actionable insights into earnings and value sensitivities, and ensuring sustainable success through robust conduct, control, and regulatory frameworks.

The role is ideal for someone seeking to make a strategic impact in a collaborative, high-performing environment, with the chance to influence best practices and continuous improvement across HSBC's global footprint. As an HSBC employee in the UK, you'll have access to tailored professional development opportunities and a competitive pay and benefits package. This includes private healthcare for all UK-based employees, enhanced maternity and adoption pay and support when you return to work, and a contributory pension scheme with a generous employer contribution.

Responsibilities

• Developing and Implementing IRRBB Strategy: Support the Global Head of IRRBB Reporting & Insights in shaping and executing HSBC's IRRBB risk management strategy across the global business.
• Delivering Global IRRBB Reporting: Ensure timely, consistent, and best-practice global reporting of IRRBB, providing actionable insights into the drivers of earnings and value sensitivities.
• Providing Subject Matter Expertise: Act as the IRRBB subject matter expert for all global sites, advising on best-in-class risk mitigation approaches and supporting the adoption of lessons learned and continual improvement.
• Leading Analysis and Operational Improvements: Conduct proactive ad hoc analysis, source new data, and develop approaches to better understand IRRBB drivers, while working with teams to operationalise and automate recurring analysis.
• Engaging Stakeholders and Ensuring Compliance: Build and nurture relationships with internal and external stakeholders, represent the business at governance committees, and ensure robust conduct, control, and regulatory compliance in all activities.

Qualifications

• Substantial IRRBB Experience: Demonstrable experience within IRRBB, with strong knowledge of market best-in-class practice around risk management, methodologies, governance frameworks, and the external regulatory environment.
• Self-Starting Analytical Problem Solver: Proven track record in developing new analysis to understand underlying patterns and recommend management actions, using both detailed data analysis as well as high-level rule-of-thumb triangulations to validate your findings.
• Technical Product Knowledge: Comprehensive understanding of banking book products and behaviours, structural hedging frameworks, and associated modelling and metrics such as Net Interest Income (NII) and Economic Value of Equity (EVE) sensitivities, ideally supported by relevant qualifications.
• Data, Systems, and Modelling Expertise: Hands-on experience with systems, data, and modelling infrastructure that supports IRRBB, as well as broader financial planning and analysis.
• Strategic and Operational Leadership: Proven ability to structure and drive large-scale strategy implementation, resolve complex issues through leadership and influence, and manage transformation activities in a global banking environment.
• Stakeholder Engagement and Communication: Excellent communication and interpersonal skills, with a strong track record of engaging, challenging, and influencing senior management and diverse stakeholders across regions and functions.

Equality, Diversity and Inclusion

Opening up a world of opportunity. 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.

Closing and How to Apply

If you\'re looking for a career that will help you stand out, join HSBC, and fulfil your potential - whether you want a career that could take you to the top, or simply take you in an exciting new direction, HSBC offers opportunities, support and rewards that will take you further. We\'re one of the largest banking and financial services organisations in the world, with a network that covers more than 50 countries and territories. We aim to be where the growth is, enabling businesses to thrive and economies to prosper, and, ultimately, helping people fulfil their hopes and realise their ambitions. We\'re currently seeking an experienced professional to join our team in the role of Senior Manager - IRRBB. You will have the opportunity to work at the heart of HSBC\'s Global Treasury, directly supporting the Global Head of IRRBB Reporting and Insights in shaping, implementing and tracking the bank\'s Interest Rate Risk in the Banking Book (IRRBB) risk management strategy. This position offers