HSBC Group

Business: Counterparty Credit Risk (GM MO – DARR)
Open positions:1
Role Title: Collateral, Margin and Counterparty Credit Risk Specialist GSC's
Global Career Band: 5
Location (Country / City ): India/Bangalore
Recruiter Name : Srinivasan S

Why join us?

• As part of the Global Markets Operations strategic model, HSBC have created a “Centre of Excellence” (CoE) for Operations processing in the Global Service Centre in Kuala Lumpur, Malaysia. The CoE supports multiple products and legal entities, providing utility type processes whilst their partners in the onshore hubs concentrate on functions which require proximity to business or clients, or which are deemed too complex to be migrated. A second site has been set up in Manila for contingency purposes, which sits under the governance of KL.
• The Collateral & Valuations are responsible for the processing of all collateral related counterparty risk exposure management & the collate, distribution of client portfolio valuations and settlement of cash and interest. Products covered include all OTC derivative transactions & securities administered in London. These include locally booked interest rate, equity, credit & FX derivatives.

The Opportunity:

• Calculation and Earmarking of exposures into risk systems
• Maintain Counterparty Limits utilizing various systems
• Providing Netting and Collateral benefits based on ISDA and equivalent docs
• Updating Treasury Limits in LEM/TREATS as per Credit Approval systems (CARM)
• Generating, analyzing and distribution of MTM Variance report Globally
• Generating Limit Reconciliation analyzing and remediating the breaks
• Working on Legal Doc Vs Risk Valuation Engine Rec Breaks and remediating the same
• Preparing and distribution of Collateral Haircuts, MPOR reports
• Monitoring and Analyzing/remediating various day on day static delta amendments on Counterparty Hierarchies, Group aggregations, GHO Codes, CBID’s, CSA markers
• Performing daily recs on collateral systems vs credit risk systems (Risk Engines)
• Identifying the Gaps in CRR’s and remediating the same to ensure CRR’s are constant across sites/regions for same counterparties via TRED
• Investigating, reporting and Remediating the breaks arising from PTS systems vs Risk Systems
• Monitoring the risk/exposure movements in risk systems and identifying those breach the set thresholds and remediating the same via C-CAT
• Generating and Analyzing the Stale Data in Risk valuation Engines and taking appropriate steps to fix the breaks
• Generating and distributing the EEPE Report
• Review critical reconciliation reports and identify transactions or counterparties with missing transactions or incorrect risk calculations and Earmark those in systems manually.
• Preparing the in-depth Analysis and MI reports on breaks along with proposed remediation’s
• Deputizing the team in absence of Manager.

What you’ll do:

Impact on the Business/Function 

• To head a team of comprising of Risk Analysts/ Associates, who are engaged in providing high quality support for Traded Credit Risk Control management in the Group?
• Ensure that the quality and timeliness of the team’s output is within acceptable levels and any areas of underperformance are proactively identified and managed.
• Work with Traded Credit Risk Control team in Bangalore/Manila to drive significantly increased process consistency and implementation of global best practice in risk operations.
• Provide help/inputs towards developing metrics, scorecards and status reports and be able to provide regular information on the team’s performance.
• Communicate clearly with the team members and other parts of GBM as required and help execute the strategy to ensure key stakeholders are engaged in order to develop a one-team culture.
• Pro-actively suggest and design improvements in process workflows, where applicable and inculcate a regime that seeks continuous process improvements.
• To be able to handle the necessary approval queues in line with the respective business processing areas.

Customers / Stakeholders 

• Provide regular information on task status, any issues with feeds or IT Systems to Depty Lead/Managers Traded 
• Interact with Stakeholders and other risk managers on a regular basis to understand the Risk systems and organization roadmap to ensure that impact and opportunities for the offshore team are identified in time.
• To maintain communication link with various SD stakeholders with respect to all people related activity/ issues.
• Collaborate and partner with relevant stakeholders to ensure end to end process is connected and streamlined

Leadership & Teamwork 

• Monthly 1:1 to be completed regularly every month.
• Guide and provide feedback to staff on their development and ways of improvement that could enhance personal skills and knowledge to meet business objectives.
• Plan and discuss with staff on career development plan
• Motivate and develop teams and subordinate to meet business objectives.
• Create robust team environment where skills and knowledge openly shared to achieve team and business goals.
• Development plan created and reviewed. Teams are regularly briefed and trained on any developments.
• Knowledge and experience are shared with teams, providing assistance on referred / technical issues.
• Advice and guidance is given in a constructive manner and positively.
• Be aware of issues within teams and resolve or escalate in appropriate and timely manner.
• Identify strength / weakness of teams in order to develop them.
• Share knowledge, best practice and experience with colleagues at all levels to ensure they achieve their goals and business objectives.
   

Operational Effectiveness & Control 

• Effectively manage implementation of reporting tools and guidelines for all processes, identifying and escalating issues for resolution as appropriate.
• Create and design reporting templates and tools for Operations Team.
• Provide guidance and coaching to AMOs and MOs on utilization of the reporting tools and templates.
• Work is organized and completed within agreed timescales, in accordance with procedures.
• Work is distributed / duties allocated between individuals in accordance with their experience / ability.
• Productivity and quality of work are monitored and achieved.
• Issues / problems are fully analyzed and resolved or escalated. Appropriate action is taken to prevent recurrence.
• Procedural changes / new initiatives are fully communicated to and implemented.
• Encourage and monitor team member to consistently maintain a high level of customer service.  
• Ensure effective workflow management in order to meet timelines and quality levels, checking and maintaining effective resource utilization at all times.
• Contribute to contingency planning for the teams / sections.
• Guiding new MO and AMO in setting up new templates and documentation for their new teams.
• Completion of Records and Management Information
• Management information, other required data and communication are completed accurately and supporting statistics / reports / returns are presented within agreed timescales.

Housekeeping

• Maintain equipment, systems and general work environment in good condition.
• Issues / problems are investigated or resolved immediately or escalated to Line Manager

Managing for Value

• Identify ways for improving service / adding value / reducing costs in line with business goals.
• Encourage and support initiatives originating within the team for implementation and recognition.

What you will need to succeed in the role:

• Relationship Management 
• People Management & Employee Development 
• Attrition and Business contingencies 
• Process & Business Knowledge  
• Skill set match / profiling for the teams 
• Business Re-engineering.
• In addition, the role will require a large degree of management of streamlining of processes while seeking efficiencies within current processes to ensure that appropriate economies of scale are achieved. 
• The incumbent will be responsible for the review of new business initiatives relating to collateral optimization in Collateral functions and the process impact to Collateral Operations e.g. FXPB, Repo, Equity business. Aligning the various businesses.
• This role will require the incumbent to build out an effective team covering Collateral Services tasks on a daily basis. This will require the individual to understand and educate their team, be able to work with multiple business stakeholders and communicate constructively and concisely.
• Liaising with multiple stakeholders and updating on the regulatory impact coming out of North America and Europe. Managing stakeholder queries.

Experience Areas

• Regulatory Reporting knowledge of PD [Probability of Default] Models covering

• CRR

• CVA Eligibility

• CDS Curves

• Good understanding of key counterparty credit risk metrics

• Loss Given Default

• Expected Positive Exposure [Scenarios, Forward PVs]

• Experience on SA CVA [Standardized approach for credit valuation adjustments] - Regulatory Methodologies / Implementations

• 5+ years of proven experience in counterparty credit risk implementation / regulatory reporting / control environment with Investments Banks or consulting firms

• Managerial / people handling experience will be a plus

   

   

Day to Day responsibilities will cover the below but not limited to

• Covering / Supporting

• Data issues

• Logic explains

• Data explains

• Feedback to Trusted sources on data quality issues/gap

• IT Engagement & ownership of issues

• IT production incident management

The project team will support the PO on all below activities:

• Overrides via the UI

• Data Quality issue / questions from

• Front Office

• Traded Risk Management

• Incident management & PIR

Link to Candidate User Guide: 
https://hsbchrdirect.service-now.com/nav_to.do?uri=%2Fhrsp%3Fid%3Dkb_article_preview%26sys_id%3D0c6b11641b6a9810cec0553a2d4bcb2a
(Or)
Go to the below link and type “IND GSC : IJP Applicant User Guide” in search bar. https://hsbchrdirect.service-now.com/hrsp?id=hrdirect_employee_dashboard
 

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.” 
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. 
 

***Issued By HSBC Electronic Data Processing (India) Private LTD***