Associate, Markets Treasury

HSBC Holdings plc; Hong Kong; On-site; HKD 600,000 - 1,000,000; Full time

Job summary

HSBC Holdings plc in Hong Kong seeks an Associate, Markets Treasury to manage structural interest rate risk and lead liquidity and funding strategies. The role demands strong knowledge of fixed income, IR derivatives and FX, with emphasis on balance sheet optimization and cross-functional collaboration.

The ideal candidate has 2+ years in treasury or global markets risk, excellent analytical skills, and the ability to influence stakeholders across regulatory and internal governance structures.

Qualifications

• Degree level education with 2+ years' experience in a Treasury/Global Markets risk role preferred.
• CFA charter or other advanced degree is a plus.
• Broad and deep knowledge of markets and economies.
• Strong product knowledge with reference to Fixed Income, IR Derivatives and FX markets.
• Experience supporting investment and liquidity portfolios.
• Strong understanding of Treasury operations and banking issues (capital, liquidity, funding, transfer pricing).
• Ability to resolve complex issues with minimal guidance through leadership and negotiation.
• Excellent analytical, verbal and written communication; able to interact with multiple stakeholders.

Responsibilities

• Management of structural interest rate risk of the bank.
• Formulation and implementation of interest rate, investment, liquidity, and funding strategies.
• Balance sheet management across on- and off-balance sheet items with risk, liquidity and return considerations.
• Ensure liquid asset buffer diversification and regulatory alignment.
• Manage cash position across currencies, nostros, Central Bank accounts and intraday liquidity.
• Develop and implement balance sheet solutions including swap hedging programs.
• Collaborate with legal, capital, liquidity, risk, operations and product control teams.
• Support transformation initiatives within the firm.

Skills

Markets and economies knowledge

Fixed Income

IR Derivatives

FX markets

Balance sheet risk management

Leadership and negotiation

Analytical skills

Communication skills

Education

Degree level education

CFA charter or advanced degree

Tools

Python

Job description

We are currently seeking a high calibre professional to join our team as a Associate, Markets Treasury.

In this role you will:

• 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 cash position across multiple currencies, nostros, Central Bank accounts 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.

To be successful you will need:

• Degree level education with 2+ years' experience in a Treasury and / or Global Markets risk taking role preferred. CFA charter or other advanced degree a plus.
• A broad and deep knowledge of markets and economies.
• Strong product knowledge with reference to Fixed Income, IR Derivatives and FX markets.
• Proven track record within key product group(s) or major Balance Sheet within the Global Markets business.
• Experience supporting investment and liquidity portfolios.
• Strong understanding of Treasury operations and banking issues - capital, liquidity, funding, structural interest rate risk, transfer pricing
• Proven experience and ability in resolving complex issues with minimal guidance through leadership, influence and negotiation.
• Highly analytical background with track record of producing quality analysis, navigating complex, IT environments.
• Excellent communication, interpersonal, verbal and written, as jobholder will be regularly interacting between various internal and external stakeholders.
• Must be able to collaborate effectively with a team of high performing, technical individuals.
• Excellent multi-tasking and time management skills, as well as operate under pressure.
• Candidate must demonstrate strategic thinking, pro-active 'can-do' attitude, ability to challenge the norm.

Preferred Additional Skills:

• Technical understanding of AI & programming languages such as Python; effectively leverage knowledge of programming languages & AI to manage large and complex Investment Portfolio.