Job Advert Details
Business: Collateral Services CCR
Open Positions: 1
Role Title: Assistant Manager
Global Career Band: 7
Location: Quezon City, Philippines
Recruiter Name: Veronica Benz Saurez
Why join us?
The Credit Risk Data Quality team is one of the stream under Counterparty Credit Risk, currently based out of GCS Bangalore and Manila is responsible to generate and work on multiple Reconciliations and Internal Model Method (IMM) reports across regions.
The Opportunity:
The team undertake a number of tasks, including
- 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 Analysing 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
The role includes (but not limited to) identifying breaks between various systems like PTS, CARM, Risk valuation Engines and Risk systems analyze and remediate the same, Identify the trades which doesn’t gets fed into the system and calculate the exposure details manually and add it to the risk systems, Analyzing and preparing the various Daily Weekly and Monthly Global reports.
The team works on a 20x5 basis to support the different geographies and this coverage is likely to be extended as additional geographies are taken on (shift will be rotational)
What you’ll do:
Impact on the Business
- Identifying the breaks between Raven vs CDU/TMD and Ncoms
- Analysing the nature of breaks and working towards the remediation
- Identifying the breaks between various front end trading systems and the risk portal systems like LEM and Raven and working towards the remediation.
- Ensuring that Limits in LEM/TREATS as set as per Approvals in CARM and to run period reconciliation reports
- Investigating and reporting credit risk arising from trading activities against approved limits
- Excess management and reporting
- Reporting and analysing the cause of variation and addressing the issues to correct the same.
- Investigating and reporting credit risk arising from trading activities against approved limits
Customers / Stakeholders
- Provide regular information on task status, any issues with feeds or IT Systems to Depty Lead/ManagersTraded
- 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
Operational Effectiveness & Control
- Keep track of the error metrics on real time basis and consistently seek to achieve zero error standards.
- Put in place the improvement plans for repeated errors and work in close coordination with the analyst to ensure that the plan is implemented effectively
- Escalation of errors and client feedbacks to relevant stakeholders as per process.
Management of Risk
- To abide by the Group Compliance Policy by containing compliance risk in conjunction with the relevant Compliance Department. The term compliance embraces all relevant laws, rules and codes with which the business has to apply.
- Maintain sufficient and effective processes and controls identifying and mitigating risks and ensure timely escalation and resolution of all control issues and reputation risks.
Observation of Internal Controls
- Maintains HSBC internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators.
- Understand and adhere to both the letter and the spirit of all laws, regulations and regulatory guidance applicable and promptly report any breaches in accordance with local procedures.
Information
What you will need to succeed in the role:
The Role Holder needs to constantly drive high performance in an extremely time sensitive environment. He needs to proactively handle and complete the set tasks and drive a uniform and consistent work culture across all regions. Hence, transparent, active communication and proactive hands on handling escalations and queries are necessary to succeed in this Role.
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 HDPP***
* The information contained in this job description is a true and accurate reflection of the job as specified.
Want To Apply?
- All applicants must have successfully completed their probation period
- All applicants must have a minimum performance rating of Good in the last year end appraisal
- All applicants should have served at least 18 months in their current functional role and department
- Applicant should inform respective Line Manager prior to submitting an application
- Application form should be submitted on CareerLink along with their current CV
- All the completed applications should be submitted on CareerLink by 11:59 PM on the closing date
- Have not been previously declined for the same post within the last 3 months on the date of submission of their application
- Have not been on ANY form of Corrective Action within the last 6 months from the date of application
Declaring incorrect information in your application (e.g. incorrect performance rating; and corrective action status) is considered a SERIOUS OFFENSE based on the HDPP Employee Handbook:
A. Very Serious Offense
"Sec 1. Any acts of dishonesty, which may provide reasonable grounds for the company to lose trust and confidence to the employee, which includes but not limited to the following:
c) Giving false testimony or falsifying any document, records or information or presenting such falsified document, records or information in any study, research inquiry; padding and deliberate overcharging of expenses; tampering with time records; requesting or allowing any individual to log in/out and actually logging in/out any individual. "
Nom du recruteur
Veronica Benz Suarez
Courriel de recruteur
veronica.benz.suarez@hsbc.com.ph