HSBC Group

Business: Global Markets Middle Office

Open positions:1

Role Title: Collateral, Margin and Counterparty Credit Risk Team Leader

Global Career Band: 5

Location (Country / City ): India/Bangalore

Recruiter Name : Srinivasan S

The Opportunity:

• The Margin Requirement for Uncleared Derivatives[MRUD] is one of the teams within Global Markets Middle Office [GMMO]. GMMO is responsible for the approvals, policies, portfolio management and reporting on the Group’s exposures. GMMO also works with Regional GMMO functions across Global Risk to ensure functional consistency and delivery across all group offices.
• For the BCBS261 (i.e. MRUD) process; The GMMO Operation Hub Team is currently based out of GSC Bangalore and Manila providing support to a number of Risk functions/teams across the Group.  The team is pimarily responsible for the daily initial margin calculation, controls on the end to end internal initial margnin calculation and support the dispute investigation process across the main HSBC HUB (i.e. HBUS, HBEU, HBUK, HBFR ,HBAP, HASE and Group).

Key activities undertaken include :

• Suppoting  the daily running of the internal initial margin calculation process.
• Performing analysis and reporting of initial margin calculations to internal and external stakeholders, namely collateral, GMMO and industry regulators.
• Participating on the daily Crowdsourcing vote process.
• Reviewing  and improving existing BAU process
• The role of the GMMO Operation Hub  Global Lead for MRUD is to lead and operationally manage a Global Support team for the cross asset class across GSC Bangalore and Manila. The Role Holder is expected to be the “face” of GMMO Operation Hub  to trading hub stake holders for all MRUD related matters and ensure operations are carried out in a synchronized, controlled and highly time sensitive work environment. The Role Holder should actively drive growth in the team’s capabilities, deliver individual training / mentoring and develop talent. The Role also has a significant element of relationship management with Market and Counterparty Credit trading hub teams and other relevant stakeholders.

What you’ll do:

Principal Accountabilities:  Key activities and decision making areas

Impact on the Business [COMPLETE 3-4 AREAS]

• Revieiwing & understanding the regulatory framework for BCBS 261
• Working with all relevant stakeholders on the daily end to end delivery of BCBS 261 initial margin calculation.
• Supplement the review of GMMO BRDs on BCS261
• Working in the development of GMMO framework for IM
• Working on developing joint work with Collateral function on the dispute process
• Participate on the daily IBA voting of Crowdsourcing

Typical Targets and Measures

• Completeness
• Quality Assurance
• Timeliness
• Proactive

Customers / Stakeholders [COMPLETE 3-4 AREAS]

• Collateral Management
• Front Office
• GRA (Regulatory Risk Analytics)
• GMMO

Typical Targets and Measures

• Completeness
• Quality Assurance
• Timeliness
• Proactive

Leadership & Teamwork [COMPLETE 3-4 AREAS]

• Coordinating the daily BAU delivery
• Liaising with all stakeholders
• Ensuring completeness and quality assurance
• Working on deliverying a high standard GMMO Control framework

Typical Targets and Measures

• Completeness
• Quality Assurance
• Timeliness
• Proactive

Operational Effectiveness & Control [COMPLETE 3-4 AREAS]

• Ensure that GMMO SLA are delivered in a timely manner
• Ensure completeness & accuracy of submitted data
• Assist in the development of strategic solutions
• Perform a thourough review of the final data expected to be submitted by GMMO to downstream users (e.g. Collateral Management Team).

Typical Targets and Measures

• Completeness
• Quality Assurance
• Timeliness
• Proactive

Major Challenges (The challenges inherent in the role that require a continual test of the role holder’s abilities)

• The Role Holder would be required to;
• drive high performance in a  time sensitive environment.
• proactively engage with both Trading Hub  and Operation Hub  GMMO.
• Hence, transparent, active communicationwould be required.

Role Context (The environment and operating conditions of the role including the extent of guidance and authority)

• The Role Holder needs to deftly balance between being a Technical Expert and a Leader / Manager to succeed in this role.
• The Role Holder is expected to completely understand the Operating Model and align the team accordingly, engage effectively with colleagues across businesses and products, work collaboratively in a global context and proactively seek ways to improve current processes, present ideas and support the implementation of change.

Management of Risk (Operational Risk / FIM requirements)

• Adheres to processes and controls to identify and mitigate risks and ensures timely escalation of control issues and reputation risks.
• Demonstrates leadership on regulatory and compliance matters. Maintains awareness of risk and minimizes the likelihood of it occurring through its identification, assessment, mitigation and control.

Observation of Internal Controls (Compliance Policy / FIM requirements)

• Maintains HSBC internal control standards and addresses any issues raised as a result of disputes or GMMO initial margin process deficiencies.

What you will need to succeed in the role:

• A degree / qualification in finance, accountancy, business management or previous experience in risk  management (Market Risk)
• Good understanding of financial products (eg. Bonds, Swaps,)
• Good understanding ofmarket risk metrics and measures
• Understand the VaR process and its variant (i.e. Historical simulations, parametric VaR, full reval)
• High level of competency in the production of information, and the ability to process and analyze large volume of data
• High proficiency at Excel (VBA skill would be an advantage), Word and Powerpoint
• Self motivated, excellent communication skills, adaptability and mentoring skills
• Candidate should be attentive to details
• Demonstrated leadership skills. Experience in managing a team would be a definite advantage.
• Candidate should be confident to suppor Operation Hub  and Trading Hub  deliveries
• Ability to drive performance under pressure and tight timelines

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***