Global Treasury Project Manager HSBCJP00044273
9 Month Contract – potential extensions
Our client HSBC are currently seeking an experienced Global Treasury Project Manager to join their team in the London office/remote working, this contract will be for 9 months with a review to be extended.
Global Treasury 2025 (GT2025) is a multi-year programme to deliver the changes to meet Global Treasury vision, taking the Treasury function on a journey to a future state where it is equipped to better safeguard and optimise financial resources of the Group. To achieve this, investments in technology and people are ongoing in five key areas:
• Markets Treasury and Interest Rate Risk in Banking Book (IRRBB)
• Capital Management
• Establishing a new Financial Resources Management team which include modelling and analytics capabilities
• Strengthening the Global Treasury functions and operations by establishing a Strategy, Execution and Controls team
The Project Manager is required to coordinate and drive the end to end project management of initiatives to identify, define and deliver an overall operating strategy for Global Treasury, including location strategy and integration efficiencies.
Work will involve:
• Understanding our functional organisation, objectives and current offshore footprint as well as future aspirations
• Understanding the overall skill requirement across functions and assess opportunities across a number of locations to propose an overall offshore location strategy for different activity types
• Develop an updated TOM for the Global Treasury footprint and organisational design
• Building strong relationships with senior stakeholders both in the offshore centres agreed as well as in the Trade Hubs to understand their needs and most suited locations
• Consider and propose opportunities to drive efficiency across Global Treasury operations as part of building out the TOM
• Supporting stakeholders with the recruitment and set up of the team, including negotiations with facilities and services to enable recruitment and understanding and supporting the overall set up of the offshore centres
• Identify and manage dependent stakeholders, including those who currently hold offshore members of the team to be boundary transferred, and drive forward negotiations with these stakeholders to ensure the successful set up of the team.
• Project planning, resource, budget and cost planning and management, risk issue and dependency management
• Drive the delivery of the workstream(s) to agreed plan
• Working with the programme office to establish effective project controls for the workstream(s)
• Managing project governance and reporting, making recommendations to influence decision making in order to maintain progress towards delivery and benefits realisation
• Provide visible leadership to maintain a focus on how the project aligns to wider programme objectives, where appropriate, and to the broader CTB portfolio across Global Treasury
The role holder will also be reporting to the GT2025 Programme Manager and delivering to the Global SE&C team, both within the Global Treasury function.
Impact on the Business/Function
• Ensure that workstreams plans, resources and financials are defined, agreed and tracked appropriately with clear escalation route into defined governance forum
• Deliver detailed assessment of resource requirements and analysis against skills / market supply to enable clear decisions on location strategy, with risks and issues well articulated
• Own the delivery of the Workstream to agreed plan, headcount and budget
• Establish and manage Workstream level governance including reporting line into other change and governance forum
• Own the identification, resolution and escalation of risks, issues, assumptions and dependencies at Workstream level
• Own the identification, interlock and tracking of dependencies to/from other Workstreams
• Work with the Programme Manager on managing dependencies with other programmes
• Support the Programme Office to ensure that project artefacts (plans, risk and issues, dependencies log etc) are robust and compliant to standards applicable to the Programme and to the Workstream
Customers / Stakeholders
• Build and manage key relationships with internal and external senior stakeholders
• Understand stakeholders' objectives, direction, priorities and challenges, managing and addressing concerns and objections.
• Influence and collaborate with stakeholders to build consensus and shape change outcomes.
• Build stakeholder buy in to detailed plans, key commitments and changes against baseline as they arise.
• Build strong relationship with other programme teams and BAU teams with dependencies into/out of the workstream
Leadership & Teamwork
• Take ownership of overall project plan and work with key contributors to agree their contribution.
• Provide leadership to resolve design and delivery issues
• Work within matrix structure to manage project deliverables outside direct control and to appropriately influence priorities
• Act as a visible change leader alongside the business sponsor and leadership to drive delivery of benefits.
• Promote a culture of continuous innovation, challenge the business on approach and apply knowledge of relevant latest developments
• Define detailed responsibilities and objectives for team members and manage performance
• Provide regular constructive feedback and coaching to more junior team members
• Drive forward and engage with senior management to challenge offshore process opportunities
Operational Effectiveness & Control
• Assess the operational risks associated with the role and inherent in the business.
• Work within GT2025 Programme governance and wider Global Treasury governance, supplemented by Workstream specific governance as required.
• Ensure that controls and non-functional risk aspects of the Workstream are identified, appropriately documented and exceptions are tracked with agreed resolution date
• Ensure that Second Line of Defense and Risk Stewards are engaged in the Workstream as appropriate
• Establish effective project controls and procedures for the Workstream
• Ensure that the Workstream complies with HSBC Change Framework
• There are already a large number of Global Treasury personnel recruited in a number of different offshore locations, with a huge drive to recruit further in Q1 and Q2 2023. Therefore, we have a continued challenge between ensuring we have sufficient time to assess and propose a strategy location strategy and not slow down recruitment which is required for further GT2025 deliveries. The role holder needs to be able to manage relationships and make decisions on what the priority is and highlight any potential repercussions / impact as a result.
• The delivery needs to result in a successful and effective offshore service, not just the establishment of an offshore centre.
• The role holder needs to be able to design and carryout effective project management across several concurrent initiatives at different project stage
• There are a number of different management structures with existing offshore resources, across different functions within HSBC Group. In order to create a strategic Global Treasury Offshore model, we need to centralize these resources which will require negotiations with a multitude of stakeholders, some of which will be against the migration of their resources to our of their function into a centralized Global Treasury.
• The Global Treasury function is undergoing structural and organization changes at the same time as GT2025 programme ramp-up. The role holder needs to be able to deliver through a changing landscape, including exercising discretion in handling sensitive information and subjects.
• More generally, the implementation of this Workstream is highly dependent on other teams both within Global Treasury and the its partner functions. The role holder needs have a strong capability in identifying and managing interdependencies between the teams.
• There is an expectation that the role holder’s remit will be expanded to cover a second strategic operating model initiative, which would come with further resources to support them, but will require the role holder to be able to dual hat across both deliveries.
• The role holder will work as part of GT2025 Programme Delivery team and has high level of flexibility to consult with Senior Management at Group and Regional level
• The role holder may be assisted by Business Analysts or other PMs
• The Global Treasury team and stakeholders are globally distributed. The role holder needs to have effective management of time to work across multiple disciplines, timezones, etc
Management of Risk
• The role holder will continually reassess the operational risks associated with the role and inherent in the business, taking account of changing legal and regulatory requirements, operating procedures and practices, management restructurings, and the impact of new technology
• This will be achieved by ensuring all actions take into account the likelihood of operational risk events, and by addressing any areas of concern in conjunction with line management and/or the appropriate department
• The role will implement the Operational Risk control framework and per the BRCMs – “Three Lines of Defense”
Observation of Internal Controls
• Maintain HSBC internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators.
• Observe and promote the use of the Group’s preferred programme management methods/tools.
• The jobholder will implement the Group compliance policy by containing compliance risk in liaison with Global Head of Compliance, Global Compliance Officer, Area Compliance Officer or Local Compliance Officer. The term ‘compliance’ embraces all relevant financial services laws, rules and codes with which the business has to comply.
• This will be achieved by adhering to all relevant processes/procedures and by liaising with Compliance department about new business initiatives at the earliest opportunity. Also and when applicable, by ensuring adequate resources are in place and training is provided, fostering a compliance culture and optimising relations with regulators.
Knowledge & Experience / Qualifications
Technical Skill Requirements
• Strong Project Management skill covering the whole project lifecycle from initiation to closure
• Strong understanding of offshore migrations, offshore locations and operational team set up
• Good understanding of Treasury or Markets Treasury or ALCM business, with ability to translate complex concepts into programme artefacts
• Educated to minimum of degree level or equivalent professional qualification
Personal Skill Requirements
• Strong execution and problem solving skills
• Strong stakeholder management skills
• Ability to present information in a professional manner, including preparing documents for review by C-level audiences
• Excellent written and verbal communication skills to C-level audiences
• Personal ownership of target and resolution of issues
• High degree of motivation and commitment
• Ability to deal with change in role and working environment
• Team player and able to manage conflict and conflicting priorities
• Ability to provide direction to more junior colleagues
• Ability to drive delivery in a changing landscape
• Minimum 10 years of experience in Financial services
• Project Experience across people, location change and migration strategies
• Experience working with onshore and offshore stakeholders
• Experience in change management, driven by IT systems implementation or enhancement, across a large organisation is preferable
• Experience in people management is highly preferable
• Experience in communications and providing information to senior stakeholders (mininum to Managing Director level) is a must
Please also see below link to our HSBC Career hub:
If you are relevant or interested please don’t delay, contact me on Curtis.Sharpe@Tapfin.com