HSBC Group

Some careers have more impact than others.

If you’re looking for a career where you can make a real impression, join HSBC and discover how valued you’ll be.

HSBC is one of the largest banking and financial services organisations in the world, with operations in 62 countries and territories. We aim to be where the growth is, enabling businesses to thrive and economies to prosper, and, ultimately, helping people to fulfil their hopes and realise their ambitions.

We are currently seeking an experienced professional to join our team in the role of Regulatory Reporting Product Owner

Principal responsibilities

• Responsible for the end-to-end analysis for Regulatory Change projects such as (MiFID2, EMIR, CFTC, SFTR etc.) and internal Strategic Architecture implementations
• Prioritization of all outstanding JIRAs, balancing the often-conflicting priority from different regions and business stakeholders, to ensure that time and resources are used efficiently for remediation
• Partner with RRO / Consumer Oversight in ownership of remediation backlogs, tracking progress and resolution timeframes with action owners
• Working with the Global Regulatory Middle Office function to identify, escalate and potentially remediate issues and reporting defects
• Assist in the generation of periodic and ad-hoc Regulatory Reporting management information metrics
• Delivering Global Control Framework activities for HSBC’s Global OTCD Trade Reporting Obligations; Interacting with Offshore / Onshore colleagues as part of daily controls
• Producing regional Trade Reporting Governance packs for presentation to front-to-back stakeholders
• Understand HSBC’s Global Regulatory Obligations, System Infrastructure & Reporting Mechanisms as well as OTC Derivative Products and the OTCD Market, and utilise this knowledge to identify reporting or operational inefficiencies and drive improvement
• Participate in Working Groups and Project meetings to drive for resolution of key issues; Use acquired knowledge to identify and mitigate new reporting issues
• Process all stakeholder (internal and external) requests/queries in timely and accurate manner; Team management activities with regards to task allocation, performance reviews and team administration.

• A degree in banking / finance / risk management / business; Highly motivated, with strong organizational, analytical and problem-solving skills, possessing follow through, ability to manage, monitor, track, and clearly communicate progress on multiple initiatives
• Evidence of effective relationship management (both internal and external) should be able to ensure strong business relationship across d Middle office, Front office and Regulatory compliance is established and maintained.
• A prior working experience on strategic initiatives, including system architecture/ re-architecture will be an added benefit; prior experience of managing people is a must
• Comprehensive knowledge of the main aspects of HKMA, CFTC, MAS, ASIC, EMIR, CSA & SFTR trade reporting; Good understanding of the trade -regulatory landscape is essential; Good understanding of end-to-end trade lifecycle of typical OTC Derivative products
• At least 15 + years previous experience in a risk / control environment (or similar) within an Investment Bank/Financial Institution; Rigorous approach to controls and the minimization of operational risk; Strong analytical skills are essential
• Aptitude for continuous improvements and operational effectiveness with ability to identify issues / inefficiencies and realize solutions; Technical understanding of how systems deliver regulatory reports, and Trade Repository limitations and behaviors
• Excellent written and verbal communication skills; Experienced in working with virtual / global teams and functional management; Ability to challenge and question in a constructive manner with strong analytical & investigative skills
• Strong inter-personal skills: the ability to handle conflict and manage expectations; Self-motivated with proven ability to prioritize tasks, set targets, and meet deadlines with an organized and structured approach; Strong leadership skills with ability to oversee and support direct reports with daily activities, identifying development opportunities
• Knowledge of ETL tools (QlikView, Power BI); Coding skill in VBA, Python, SQL.; Proficiency in project management and workflow tools (JIRA, MS projects, MS SharePoint, Confluence)
• Previous experience in a risk / control environment (or similar) within a global Investment Bank/Financial Institution; Prior experience with managing internal/external audit and working with global regulators would be a plus.
• Financial Risk Manager (FRM ®) Certification – GARP

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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