Programme Accountant

Programme Accountant

Job Overview

London, England
Job Type
Full Time Job
Job ID
Date Posted
1 year ago
Sofia Madison
Job Views

Job Description

Programme Accountant


Big Bank Funding. FinTech Thinking.

Our technology teams in the UK work closely with HSBC’s global businesses to help design and build digital services that allow our millions of customers around the world, to bank quickly, simply and securely. We also run and manage our IT infrastructure, data centres and core banking systems that power the world’s leading international bank.

Our multi-disciplined teams include: DevOps engineers, IT architects, front and back end developers, infrastructure specialists, cyber experts, as well as project and programme managers.


We work in small, agile DevOps teams with colleagues around the world from our offices at the in Southwark, our global headquarters in Canary Wharf, and multiple other locations around the UK including Sheffield, Leeds, Barnsley and Birmingham.


Business area overview

Recognising the importance of cross-asset programmes to the MSS business, a unit has been created within MSS IT which houses a small group of high calibre project and programme managers to manage large scale cross-asset class change programmes on a global basis.

This unit is run by Stephanie Cocagne [Head of Regulatory & Strategic Programmes] will be the single point of accountability for the delivery of specific cross-asset initiatives as well as responsible for the portfolio management function of MSS IT. This new structure enables us to more effectively respond to new regulatory and strategic demands and align to our business stakeholders. 

The portfolio of change initiatives managed by members of this unit includes elements of IBOR, Basel III, SSP, and the Conduct programme.

The team will operate a federated model; delivery, development and associated budget often continues to sit within the respective asset classes and support functions but is managed centrally from this unit.

The role of “Programme Accountant” is one within this unit and whilst the assignment of the individual to the MSS Basel II Programme is envisaged to be the current focus, this could flex over time as the shape of the CTB portfolio changes.


What you will be doing;

Purpose of the Job:

The Programme Accountant role is accountable for the financial management of Programmes involving both technology and business spend (in the financial year 2021, MSS Basel III has circa $70m of IT spend and $34m of business spend).

This role needs to ensure that not only are the financial practices of the programme sound and that the budget is managed with a judicious and well defined change control regime implemented, but also that insight, MIS and a financial narrative appropriate to MD level stakeholders is regularly maintained and effectively communicated.

In addition, multi-year forecasting, client recharge mechanisms/ CAMS need to be devised agreed and implemented globally across multiple business areas even beyond MSS (i.e. Global Risk and Finance as support functions).


Responsible For:

In general, this role will carry out some or all of the following activities:

  • Be responsible for the quality of financial reports and analysis across owned programmes, regions and entities
  • Develop broad relationships with key stakeholders, across a range of internal and external functions
  • Further knowledge in markets and products of specialisation, develop reputation as a Finance expert in related area of expertise
  • Innovate to optimise financial processes and compiling reports, driving efficiencies and cost savings
  • Lead, coach, train and develop a mid-size team of employees, both on and off shore


Major Challenges:

Specifically, at this time and in the context of the MSS Basel III Programme, the need is to perform the following:

  • Financial Process Manual – refresh and update a manual which describes the processes which the Programme Accountant team needs to operate.
  • Team Structure - Assess where the team needs to be further built out and hire/ manage any additional subordinates
  • Cost Management - review and assure Master Programme and “work-stream” financials and provide improved senior management
  • Chair and ensure the effective running of the Change Review Board
  • Ensure the 2022 CTB budget submission is effectively supported and implemented according to CTB planning tools and timelines determined by ITCM and IT COO


  • Cost Forecast / Actual / variance analysis
  • GPDM and Bus Case validation
  • Benefits forecast tracking and realisation monitoring
  • Review & assure Workstream resource plans
  • Procurement (SoW’s, Emptoris, TPS etc)
  • Central staff on-boarding
  • Business resource cost model mgt
  • Resource to project mapping
  • Software Delivery Capitalisation
  • RTB Impact Tracking and Reporting
  • Business Case submission



What you will bring to the role; 


  • Experience in financial reporting and analysis across owned programmes, regions and entities
  • A hands-on approach to making things happen, identifying and addressing issues and risks in the programmes financial management practices
  • Experience with IT accounting and cost management processes
  • Exposure to global initiatives/projects/programmes and an understanding of programme governance / programme office procedures and processes.
  • Proven experience in the (large scale) financial management of Programmes involving both technology and business spend.
  • Ability to engage with Customers/ Stakeholders/ Colleagues
  • Ability to work in a dynamic and high pressure environment
  • Ability to work responsibly and demonstrate good corporate conduct



  • Ability to communicate, influence and negotiate effectively with peers and senior stakeholders in both business and technology / service departments
  • Delivery-focused - to produce pragmatic approaches to solution delivery.
  • Exceptional organisational, planning and management skills.
  • Excellent analysis and problem solving skills.
  • Skilled decision-maker – considered and timely.
  • Impeccable written and verbal communication skills, with strong interpersonal skills.
  • Ability to work with minimal supervision and to contribute to a larger team.
  • Willingness to own work and problems and see through to completion and to use own initiative to resolve issues. Robust character able to deal with a diverse range of people.
  • Self-motivation and a proven rapid learning capability in a changing environment are essential.
  • Committed to personal and professional development


This role will primarily be London based.

Come Power a Business that Defines How to Power the World


As a business operating in markets all around the world, we believe diversity brings benefits for our customers, our business and our people. This is why HSBC is committed to being an inclusive employer and encourages applications from all suitably qualified applicants irrespective of ethnicity, religion, age, physical or mental disability/long term health condition, marital status, sexual orientation, gender identity, gender expression, genetic information (including characteristics and testing), military and veteran status, and any other characteristic protected by local law in the jurisdictions in which we operate. 


Within the work place you will have access to various employee resource groups which aim to promote and achieve a healthy work / life balance and support our diversity ambitions.  


HSBC has in place processes in order to avoid nepotism, which means to avoid creating circumstances in which the appearance or possibility of conflicts of interest may exist within the hiring process.


Personal data held by the Bank relating to employment applications will be used in accordance with our Privacy Statement, which is available on our website.



Job Field

 : Technology

Primary Location

 : Europe-United Kingdom-Greater London-London


 : Full-time 


Job Posting

 : 27-Sep-2021, 19:39:57 

Unposting Date

 : 28-Dec-2021, 04:29:00

Job ID: 9205

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