Senior Project Manager (12 months)

We are currently seeking a high calibre professional to join our team as a Senior Project Manager (12 months).

In this role you will

Impact on Business

• Definition and articulation of transformation opportunities in Counterparty Exposure management benefitting the FRM Value Stream
• Inception and instantiation of investment plans for agreed/approved opportunities
• Mobilisation of governance and delivery frameworks for significant transformation programmes within the Financial Resource Management & Distribution portfolio, with a focus on Counterparty Exposure and Internal Model Method (IMM) activities
• Coordinate and manage the design and documentation for assigned projects including formal regulatory submission
• Ensure a controlled transition into Business-as-Usual (BAU), embedding sustainable ownership, processes, and reporting.

Value Creation

• Partner with Global Businesses to define target FRM outcomes and OKRs, ensuring alignment to strategic priorities and measurable value.
• Build robust business and investment cases, securing sponsorship and funding through clear articulation of benefits, costs, risks, and dependencies.
• Translate approved investment cases into delivery plans with agreed OKRs, milestones, and accountabilities across Value Streams and Enablers.
• Put in place governance and oversight that supports end-to-end delivery, timely decision-making, and transparent reporting to sponsors and stakeholders.
• Optimise delivery plans within constraints (scope, resources, budget, timelines), balancing pace with risk management and quality.
• Actively manage scope, schedule, budget, benefits, and requirements in line with the Business Transformation Framework (BTF), intervening early where variance emerges.
• Track and manage operating and capital expenditure against business case commitments, ensuring accurate financial reporting and control.
• Own the risk/issue/dependency landscape for assigned projects, driving mitigations and removing blockers to protect outcomes and benefit realisation.
• Build strong stakeholder alignment, influencing across functions to secure buy-in for priorities, trade-offs, and contingency actions.
• Drive formal sign-off of deliverables, close projects in a controlled manner, capture lessons learned, and feed improvements back into transformation practices.
• Share accountability with sponsors for benefits realisation and ensure change is implemented smoothly, with impacted teams ready to operate in the target state.
• Set a clear operating rhythm and delivery cadence, creating momentum and a culture of achievement across cross-functional teams.
• Promote pace and energy within the team and lead by example.

Operational Performance

• Produce and maintain high-quality project plans (including in Clarity), with clear milestones, deliverables, roles, and resourcing.
• Develop detailed business cases and financial models, linking investments and benefits to the wider financial resource profile and business objectives.
• Create and challenge delivery estimates (schedule, effort, cost) using established transformation methods, benchmarks, and prior delivery experience.
• Mobilise and lead project teams effectively, ensuring clarity of responsibilities, ways of working, and delivery expectations.
• Provide timely, accurate reporting on status, risks, issues, dependencies, and performance, enabling effective governance decisions.
• Manage budgets proactively, identifying variance early and driving corrective actions to maintain control.
• Maintain disciplined change control, ensuring impacts to scope, benefits, schedule, and cost are assessed and approved through formal governance.
• Take accountability for delivery quality, applying assurance processes and acting on recommendations from tollgates and QA reviews.
• Establish and run governance forums that enable focused decisions, clear escalation routes, and consistent application of BTF standards.
• Use standardised metrics and reporting (via Transformation Management Services and Clarity) to support “management by exception” and responsible status reporting.
• Plan and execute tollgates in line with BTF, ensuring readiness to progress and that risks are understood and managed.

Leadership & Teamwork

• Identify project resourcing needs early and work with the Programme Director to secure the right skills and experience at the right time.
• Build a high-performing team with a strong mix of capabilities, clear roles, and collaborative ways of working.
• Ensure effective induction so team members understand the project context, stakeholder landscape, and how their work supports wider programme outcomes.
• Set clear objectives and expectations for team members, providing regular coaching and constructive feedback to support performance and development.
• Hold regular 1:1s (at least fortnightly) to remove blockers, support wellbeing, and build capability through continuous learning.
• Role-model collaborative behaviours and create an inclusive environment where different perspectives are welcomed and used to improve outcomes.
• Ensure the team is trained and supported to apply the Business Transformation Framework consistently and confidently.
• Where applicable, provide line management for a pool of Project Managers, including objective setting, performance management, resource planning, and career development.
• Address underperformance promptly and fairly, reinforcing a high-standards culture while supporting improvement.
• Promote HSBC’s Values and strategy through positive leadership, teamwork, and sustained engagement.

To be successful you will need:  

• 15+ years project/programme management industry experience with a background in management consultancy preferable
• Proven ability to navigate a Global Markets businesses and function landscape (5+ years at HSBC ideal)
• Proven ability to manage the regulatory environment of Counterparty Exposure across 4 core regulators and multiple site regulators
• Proven track record of leading / delivering large-scale (budget of $10mln+) global regulatory programmes within Financial Services institutions
• Experience within MSS and Risk & Compliance at a multi-regulated global bank (pref HSBC)
• Background in Counterparty Credit Risk is essential, with knowledge of Internal Model Method / Standardised Approach-CCR and associated regulatory frameworks highly advantageous
• Experience of managing regulatory submissions / notifications of changes to model permissions (e.g. Internal Model Method, Internal Ratings Based) under the Capital Requirement Regulation (CRR) to the PRA is essential, and preferable for other regulators
• Hands-on experience of model development lifecycle, ownership and governance frameworks
• Front-to-back cross asset class (FX, Rates, Credit, Equity) traded product domain knowledge (OTC, Exchange Traded and Securities Financing Transactions), including understanding of legal agreement types and associated credit risk mitigation techniques (netting, collateralisation etc)

Skills

• Excellent stakeholder management skills, with the ability to establish relationships, influence, coordinate, and drive outcomes across a wide set of senior and cross-functional stakeholders
• Strong and confident verbal communicator with proven experience of chairing programme/project governance fora
• Ability to lead, manage and successfully deliver within the agreed time scale, in liaison with all relevant stakeholders: model owners, business, finance, senior management and regulator
• Flexibility to work with colleagues and key stakeholders in an international team