Chief Investment Officer

Some careers open more doors than others.

If you’re looking for a career that will unlock new opportunities, join HSBC and experience the possibilities. Whether you want a career that could take you to the top, or simply take you in an exciting new direction, HSBC offers opportunities, support and rewards that will take you further.

We are currently seeking an experienced professional to join our team in the role of Chief Investment Officer (CIO)

As an HSBC employee in the UK, you will have access to tailored professional development opportunities and a competitive pay and benefits package. This includes private healthcare for all UK-based employees, enhanced maternity and adoption pay and support when you return to work, and a contributory pension scheme with a generous employer contribution.

In this role you will:

Role purpose

As a member of the Pensions Scheme Executive (PSE) Executive Committee, the CIO leads the development and delivery of the DB and DC investment strategy (including ESG), making proposals to the Trustee Board and ALCO. You’ll ensure strong investment governance, high-quality advice and effective resourcing of the investment function, with a focus on robust decision-making and cost management.

Key responsibilities

• Shape and evolve long-term DB and DC investment strategy, including ESG risk mitigation and DC default/fund range design.
• Lead investment governance with the TCEO, Trustee and ALCO Chairs.
• Lead stewardship and engagement activities with respect to Asset Managers and investment advisors.
• Implement Trustee-delegated DB and DC strategies within approved policies and guidelines; propose changes (e.g., asset allocation).
• Own first-line investment risk management.
• Select, appoint and oversee investment managers; design and manage mandates; make invest/disinvest recommendations with authorised advice.
• Manage relationships with investment consultants, investment managers and the DC platform provider.
• Build and lead the investment team; manage performance, ratings and salary review recommendations.
• Contribute to collective leadership of the PSE and act as a role model.

Knowledge & experience

• Proven investment leader with extensive experience, including cash flow driven investment and monitoring within an in-house annuity portfolio.
• Strong DC experience and experience operating at a comparable scale/complexity.
• Senior expertise in investment management and financial modelling; familiar with risk models, VaR and portfolio management techniques.
• Track record of negotiating with investment managers and leading internal/external teams.
• Well-connected, respected industry profile; recognised thought leadership.
• Desirable: pension consulting/financial planning and/or banking industry experience.
• Relevant, well-regarded financial/actuarial or investment professional qualification required.

This role is based in London on a hybrid working basis.

Opening up a world of opportunity

Being open to different points of view is important for our business and the communities we serve. At HSBC, we’re dedicated to creating diverse and inclusive workplaces. Our recruitment processes are accessible to everyone - no matter their gender, ethnicity, disability, religion, sexual orientation, or age.

We take pride in being a Disability Confident Leader and will offer an interview to people with disabilities, long term conditions or neurodivergent candidates who meet the minimum criteria for the role.

If you’d like to apply for one of our roles and need adjustments made, please get in touch with our Recruitment Helpdesk:

Email: [email protected]

Telephone: +44 207 832 8500