HSBC Group

Business: Securities Finance & Clearing Risk
Open positions: 1
Role Title: Senior Assoicate 
Global Career Band: 6
Location: Bangalore
Recruiter Name: Hariharasudhan G
Why join us?

Provide ““first line of defence” risk management for the Securities Finance, FX Prime Services and Derivatives Clearing Services (DCS) businesses. The role holder will fulfil these responsibilities through thorough and proactive analysis and communication of risks within client portfolios; proposal of appropriate margin levels; controlling the amount of leverage/financing provided and setting appropriate client-facing limits; and contributing to the development of sound methodologies for margining and measuring the risk in client portfolios. The role holder will have responsibility for ensuring that the business’s risk stays within the Securities Finance / FX Prime market risk mandates and applicable credit limits.

The role holder will also support the sustainable growth of the Securities Finance business through the development of quantitative models that will help the business understand its risks across all assets classes, support risk management decision-making and ensure that the business is margined appropriately. The role holder will be responsible for the design, development, validation and documentation of risk management and margining models, working in conjunction with Securities Finance business staff.  The role holder will ensure that the models used by the business are developed in line with bank policies and will support the independent model review process.
What you’ll do: 

Impact on the Business

• Help the business to identify and understand key risks in its client portfolio through proactive risk analysis.

• Help the business develop products/solutions that are both sound from a risk management perspective and attractive to clients.

• Help the business develop robust margin / risk models and tools through contribution to design and calibration.

Typical Targets and Measures

• Minimization, where possible, of credit losses arising from hedge fund defaults.

• Margin and risk models pass internal validation processes successfully Help the business to identify and understand key risks in its client portfolio through proactive risk analysis.

Customers / Stakeholders

• Develop risk/margining terms that balance the needs of the client with those of HSBC.

• Keep management aware of key risks within the hedge fund portfolio and help to define an understanding of the appetite for these risks.

• Work closely with stakeholders in the business, the independent risk function, and internal model review teams to ensure that risk models comply with expectations.

Typical Targets and Measures

• Team feedback, stakeholder feedback, achievement in initiatives

Major Challenges

• The role requires a balance between quantitative skills and knowledge of financial products and markets, as the models incorporate an element of expert judgment in their calibration.

• The role holder must be able to manage relationships with a wide range of stakeholders both in India and abroad.

• The role involves balancing multiple initiatives, requiring the role holder to manage priorities effectively with stakeholders and within the regional team.

• The role requires a careful balance between building solutions that are technically robust and achieve a high level of “accuracy” with the need for them to be simple and easy to understand.

Role Context

• The role holder will be responsible for business risk management in respect of hedge fund clients within Global Markets.

• The role holder will be expected to make sound decisions with respect to risk management / margining where agreed and escalate to management appropriately.

• Need to operate within trading mandates and permitted instruments lists given to these businesses by Traded Risk and limits set by Credit against the business’s clients.

• The role holder is expected to proactively manage exceptions to policy, working with the management of the business, heads of trading and the independent risk function.

• The role holder will work with these same stakeholders on change initiatives and must help ensure that impacts of these initiatives are well understood and mitigated appropriately.

What you will need to succeed in the role:

• Hands on with Python, SQL and advance excel

• Experience with BI Tools (like Power BI, Looker Studio, Qlicksense)

• Market Risk concepts, good product knowledge of Fixed Income, Derivatives, FX and Equities
• Within HSBC certain roles are designated as Enhanced Vetting Roles. For these roles, all internal and external applicants are required (subject to local laws), to pass satisfactorily a series of additional checks both as part of the application process and, if successfully recruited into the role, on an ongoing basis if they remain in such a role. This role has been designated as an Enhanced Vetting Role
   

Link to Candidate User Guide:
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Go to the below link and type “IND GSC : IJP Applicant User Guide” in search bar.
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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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