Snr Economic Performance Analyst

London, Greater London (GBR)
£450 - £500 Per Day
6 Months
Start date: ASAP
Ref: TBC

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Required skills

reporting
finance

Other skills

analytics
capital management
accountant
management information
regulatory reporting
valuation
banking
financial planning

Job description Posted 19 September 2023

Job Title: Senior Economic Performance Analyst

Pay Rate: £500 per day PAYE/Inside Ir35

Location: London (Hybrid )

Duration 12 Months

Role Purpose:

HSBC Group deploys Tangible Equity of ~$150bn, representing the shareholders’ equity invested in the franchise. Our shareholders value their investment in HSBC based on their expectation of future returns on their investment.

The Economic Performance team in Group Capital Management is responsible for managing the following key activities:

- Maintaining the Tangible Equity allocation framework, designed to allocate capital to Global Businesses within HSBC using a series of agreed capital drivers

- Reporting Return on Tangible Equity (RoTE) and Economic Profit (EP) across all Global Businesses, Regions and Countries across HSBC. These are the principal returns measures of the bank, with EP being derived by deducting Cost of Tangible Equity (CoTE) from the Profit Attributable to Shareholders (“PAS”);

- Defining the Cost of Equity and Cost of Tangible Equity for internal reporting and valuation purposes.

We are seeking an individual who combines appropriate data modelling, analysis and finance infrastructure expertise to further develop the Economic Performance frameworks and to enhance the depth, automation and visualisation of results.

Principal Accountabilities:

Responsible for the following areas:

- Analysis of Marginal and Managed EP by Global Business and Country. Specifically analysing:

a. how HSBC is allocating incremental resources and the returns that are planned and

b. how HSBC manages customer/client relationships globally and analysing the value these relationships bring to the franchise

- Compilation of the management information required to support quarterly RoTE and EP results for external reporting purposes

- Support of the annual Financial Resources Plan and Budget process for RoTE and EP

- Ad-hoc analysis of new products/initiatives

Professional, Functional, Skills, Experience:

· Finance or treasury professional (e.g. Qualified accountant, treasury analyst, CFA or MBA)

· Experience of Financial Planning and Analytics, Treasury Modelling, Capital or other Regulatory Reporting

· Experience in the banking industry is preferable although not essential

· Highly motivated, with the ability to work under pressure and deliver to high standards

· Ability to communicate complex topics in summary form for the purposes of senior management consumption