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Graduate
Development Programme
Growing | Developing | Producing
Great minds…Great leaders
About us...
Graduate Development Programme
HSBC
HSBC Bermuda’s Graduate Development Programme (GDP)
is two years in length, and aims to provide accelerated training
and practical experience to graduates who are interested in
developing leadership skills, sales capabilities, and product
knowledge for a career in the financial services industry.
These skills are developed by creating a customised rotation
schedule which will see the graduate occupy several roles
within a specific business area.
Founded in 1889, HSBC is a leading financial services
company providing fund administration, trust, custody,
asset management and banking services to institutions and
individuals. HSBC has a long-standing reputation for stability,
combined with adaptability and innovation.
The GDP offers international exposure through an intensive
leadership development course held at HSBC’s Group
Management Training College in the UK. Graduates receive
the support and guidance of a mentor who will assist them in
preparing customised development plans. These plans build
on the capabilities required for the successful completion of
the GDP. HSBC also supports the Graduates in obtaining a
professional designation.
The Bank’s client facing businesses include:
HSBC Securities Services
Global Banking and Markets
Corporate Banking
Global Asset Management
Retail Banking Wealth Management
Private Banking
Group Graduate Development Programme
The GGDP is a high profile and intensive learning programme
geared towards leadership development held overseas. The
programme is designed for talented junior executives and lays
the foundation for an executive career within the HSBC Group
through a process of training and development supported by
high quality feedback.
The GGDP is unique for the accessibility it provides to
the Group’s senior management and the diversity of the
participants attending. The GGDP plays a key role in helping
talented young executives to establish a network of contacts
across geographies, customer groups and hierarchies.
Past Graduate Trainees
(Pictured left to right) Sean Dunkley, Sandra Lines, Steven McGuinness, Sherie Joell,
Shantarrae Talbot, Jordan Smith, Ashleigh Moffat
For more information on HSBC, visit us on the web at www.hsbc.bm
Programme Criteria
The Graduate Development Programme is open to recent graduates with
a Bachelors or Masters degree from a recognised college or university.
What you need...
A strong academic record
Strong communication and interpersonal skills
Excellent analytical and numerical ability
Proven leadership and teamworking skills
Flexibility and adaptability
High level of energy, drive and commitment
Possess Bermudian status
How to apply
To apply please send a cover letter to [email protected],
outlining why you think you are a suitable applicant.
Your cover letter should be accompanied by:
A current résumé/cv that includes education, work experience
and extra-curricular activities
Proof of citizenship
Two character references, including at least one from a faculty
member of your college/university
A copy of your college transcripts/degree certificate or other
relevant proof of your graduate qualifications and performance
Shantarrae J Talbot
Sales Manager | Payments & Cash Management
Jordan Smith
ALM Analyst | Asset /Liability Management
Business Areas
Graduates may complete rotations within a core line of business,
four of which are explored on these pages.
Commercial/Corporate/Global Banking
Private Banking
HSBC commercial and small business banking provides
businesses with financial solutions and resources to maintain
a successful and efficient business. Global Banking provides
banking services to larger institutions including Insurers and
Reinsurers. Relationship Managers are at the center of these
business areas. They work with the client and other product
areas to provide solutions that meet client needs. Typical needs
of business clients include financing and cash management.
HSBC Private Bank provides wealth management services
to high net worth individuals and their families. These wealth
management services include asset administration, trust
services and investment services.
Graduates have worked alongside relationship managers,
allowing them to develop an understanding of client needs and
the Bank’s extensive range of products and services. Graduates
in this area can expect to gain experience in financial analysis and
sales. Additionally, working with relationship managers provides
an opportunity to attend client visits and entertainment events.
In this area, graduates have the opportunity to meet with
clients, prepare presentations for colleagues, and work on
projects that will directly affect the Bank’s bottom line.
Specialist areas within the Private Bank include portfolio
management, trust, credit, and compliance. Graduates
interested in these specialist areas are encouraged to complete
the relevant designations (such as STEP and CFA) as part of the
Bank’s initiative to support accreditation.
As a lender to
development companies,
the Bank’s relationship
managers and Graduates
visit construction
projects to ensure
they are progressing
according to plan.
Global Transaction Banking
HSBC Securities Services (HSS)
Graduates placed in RBWM regularly meet with
clients and build quality customer relationships.
HSS provides comprehensive global, regional and domestic
fund services including fund administration, global custody,
corporate trust and loan agency and sub-custody settlement
and services to the international asset management industry.
In this area, graduates will have the opportunity to work with
the custody team, interact with clients, and spend time learning
various functions of the business, positioning the graduate to
take leadership of an administrative team upon completion of
the programme.
Payments & Cash Management (PCM)
PCM provides structured value added transactional banking
solutions and support to corporate and commercial clients.
The business consists of four teams: Client Services, Product,
Sales, and Implementation. The products and services provided
by PCM include payables and receivables management,
Internet banking, and Liability and Liquidity management.
In this department, graduates will understand how to propose
cash management vehicles to meet client needs, perform
maintenance functions on client accounts, and manage high
volumes of time sensitive transactions.
Retail Banking Wealth Management (RBWM)
RBWM is the hub for all financial services and support
operations offered to the mass market retail sector. This
division is largely responsible for establishing and delivering
a suite of products and services inclusive of credit facilities,
investment vehicles, merchant services and a global Premier
Banking product.
“As a graduate trainee I
really enjoyed the level of
exposure I was granted with
many of our financial deals.”
Steven McGuinness,
GDP 2007
Graduates in RBWM will rotate through all areas of retail
banking, with a strong emphasis on client-facing roles. Trainees
will be stationed at one of the local branches to work with
personal bankers and branch managers, allowing them to
become familiar with the general operations of running a branch.
Graduates are extensively exposed to a myriad of customer
interactions and come away with a full knowledge of the
RBWM product line and service standards.
Our experience...
Here’s what some former Graduates had to say
about the Graduate Development Programme.
Steven McGuinness Relationship Manager, Business Banking
As a graduate trainee I really enjoyed the level of exposure I was granted with many of our financial deals. I had an opportunity
to use various skills I learned in university and apply them in the “real world”. I am now a Relationship Manager with Business
Banking. My primary role is to manage a portfolio of clients by providing them with credit solutions and cash management
tools. GDP gave me the opportunity to meet with various customers, network with senior managers, and continue my
professional development with the Bank’s support. This experience has allowed me to succeed in my role as an RM.
Sandra Lines Project Manager (London, UK), Global Product Change Management
Having been a part of the relationship management team in Global Banking, I worked with colleagues in many different
jurisdictions, such as New York and London, and product areas like credit, debt capital markets and asset management. In
my opinion, the main benefits of the GDP are the networking opportunities and the senior management exposure, both in
Bermuda and as part of the leadership course at the HSBC Group Training College in the UK.
Jody Feldman Assistant Vice President (VP)(NY, USA), Global Banking
The biggest benefit of the GDP program in my opinion, is the networking opportunity and exposure to different business
lines and geographies. I have worked in Bermuda, London, Jersey and now currently on secondment in New York. The
experience and contacts I have developed over the years is invaluable and has allowed me to better navigate through the
Group to solve complex issues and provide unique solutions for my clients.
Sherie Joell Project Manager, Business Transformation
I have rotated through five departments within RBWM. My transition through all of them was rocky at first, as always when
starting a new position, but before I left, I felt like a part of each team, and actually still do. I am currently a Project Manager
in Business Transformation. The most valuable aspects of the GDP for me personally, have been the networks I have built
within my business division and throughout the bank, as well as the business knowledge I gained as a result of my rotation.
FAQs
Frequently asked questions.
What networking opportunities will I have?
Graduate Trainees are exposed to individuals at all levels of
employment within the Bank. Graduates are able to attend student
networking events, Divisional Meetings, and hold quarterly breakfast
discussions with the Bank’s CEO and members of the Management
Committee. Graduates also gain valuable contacts through project
work on various Bank initiatives.
What kind of training will I receive?
Graduates have access to the following types of training:
On-the-job training
e-Learning through the Bank’s online Learning
Management System
Leadership and teamwork training in the UK
Personal & professional development
What are the management opportunities available
to me once I am finished the programme?
Sandra, Sherie and Steven’s comments on the facing page provide
examples of the types of opportunities available once a Graduate has
completed the programme. Although the Bank’s needs influence
the placement process, individual preference and performance over
the course of the Programme play important roles.
How much am I going to get paid; what are the benefits?
HSBC offers a competitive salary and benefits package, based
on local market data. Graduates are entitled to the same benefits
and bonus plans as regular full-time staff. There are pension and
insurance benefits, as well as staff rates on Bank products such as
loans and investment accounts.
Are there any opportunities to work overseas?
Several of the Bank’s core lines of business are also global
businesses for HSBC. This presents opportunities for international
secondments and short term attachments. These overseas
experiences are often used to facilitate development requirements
of the GDP rotations.
How will the Bank support further education?
The Bank has a professional development policy that sets out
provisions for sponsorship of relevant professional qualifications.
The Bank’s flexible work policies also allow for leaves of absence to
pursue further education.
What are the entry dates for the programme?
Recent and soon-to-be graduates can apply for the GDP at any
time throughout the year. As there is no set start-date for the
programme, there is no application deadline.
Am I obligated to stay at the Bank when I finish the programme?
While there is no formal obligation to remain with the Bank at the
conclusion of the Programme, we are confident that the experience
that the Graduate will gain will position them to pursue a long and
successful career at the Bank.
How do I choose the area that’s best suited for me
if I don’t know much about the departments?
Through the vigorous application process, Human Resources are
able to ascertain where the graduate’s strengths and interests lie.
The potential trainees will also have the opportunity to interact with
our senior team to gain a better understanding of our core lines
of business. The placement will also depend on the needs of the
various businesses.
Are there any performance requirements that
need to be met throughout the programme?
Graduate Trainees are expected to build on their leadership
skills, client interaction, and product knowledge. As with all Bank
employees, trainees will work with their managers to set out
performance objectives, and will be rated on their performance at
the end of each year.
Do I have to have a finance degree to be
successful in the programme?
No. HSBC welcomes applications to the GDP from graduates with
diverse educational backgrounds. The Bank’s current and past
graduates bring varying educational backgrounds, and have all
been very successful on the programme.
Growing | Developing | Producing
Great minds…Great leaders
For further information on HSBC Bermuda’s Graduate Development Programme or to apply:
Contact Lauren Mahoney
Call +1 441 299 6076
Email [email protected]
Visit www.hsbc.bm
HSBC Bank Bermuda Limited, 6 Front Street, Hamilton HM 11, Bermuda
January 2012 ©HSBC Bank Bermuda Limited. All rights reserved.
Issued by HSBC Bank Bermuda Limited which is licensed to conduct Banking and Investment Business by the Bermuda Monetary Authority.