HSBC Group

Why join us?

Traded Risk Shared Services is the central point for matters relating to traded credit and market risk within the Group. This includes the design, development and implementation of traded credit and market risk reporting, analysis, policy and systems. The department is also responsible for reporting the Group’s consolidated market risk exposures and has a delegated responsibility to analyze and report market risk limit utilizations, capital, backtesting, stress testing, market data management and model monitoring & calibration

What you’ll do: (List out Key Responsibilities):

The purpose of the role is to produce consolidated Traded Credit risk information daily for senior Group and Global Banking and Markets executives.

The successful candidate will work closely with the on-shore team in London, to carry out the following activities:

• Preparation and analysis of accurate and timely daily traded credit reports for senior management.
• Analyse and provide commentary on changes to risk exposures on a daily basis.
• Track the daily market risk returns from all trading entities, and liaise with regional market risk managers and other functions to resolve any data issues in the daily returns.
• Tracking the limit excesses submitted by the sites, and the preparation and review of limit excess reports for senior management review.
• Administration of limit amendment procedures, that requires the accurate tracking and timely maintenance of regional and site limit records.
• Monthly production of material limits amendments and excesses for the Business Control Committees.
• Preparation of monthly risk management papers for the Groups RMM and the Global Banking and Markets Risk Management Committee.
• Preparation of Issuer Risk reports, EAD reports, CE, WWR and Traded Credit Risk reports
• Perform various UATs with respect to the Risk systems and provide signoff on the functional aspect.
• Other analyses will be needed on an ad hoc basis, and familiarity with a variety of sources of information - internal and external - is necessary. Deal promptly with ad hoc questions on risk-related information, investigate any apparent data discrepancies and resolve as necessary.
• Preparation and analysis of accurate and timely daily traded credit reports for senior management
• Monthly production of material limits amendments and excesses for the Business Control Committees.
• Preparation of Issuer Risk reports, EAD reports, CE, WWR and Traded Credit Risk reports
• The role needs background in Counterparty Credit Risk

• Qualification in finance, accountancy, business management or previous experience in risk management (Counterparty Credit Risk) is essential.
• Experience of 5-6 yrs is required
•  Highly competent in the production of information, and the ability to process and analyse large volumes of data.
• Excellent communication skills
•  Excel and VBA skills are a pre-requisite
• A detailed understanding of the Counterparty and  credit risk measures like PD, EAD, LGD, Expected Shortfall, Unexpected Loss , 
•  Good understanding of EEPE (Effective Expected Positive Exposure), EPE (Expected Positive Exposure), PFE (Positive Future Exposure) etc
• Good understanding of Credit rating and Financing concepts.

What additional skills will be good to have? 

• Financial certifications such as FRM, CFA, CQF
• Knowledge of Python, Tableau, VBA, SQL.

You’ll achieve more at HSBC

HSBC is an equal opportunity employer committed to building a culture where all employees are valued, respected and opinions count. We take pride in providing a workplace that fosters continuous professional development, flexible working and, opportunities to grow within an inclusive and diverse environment. We encourage applications from all suitably qualified persons irrespective of, but not limited to, their gender or genetic information, sexual orientation, ethnicity, religion, social status, medical care leave requirements, political affiliation, people with disabilities, color, national origin, veteran status, etc., We consider all applications based on merit and suitability to the role.”

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