HSBC Group

Business: Risk and Compliance

Open positions: 1

Role Title: Analyst - Traded Risk Analysis GSC’s

Global Career Band: 7

Location (Country / City ): Bangalore

Recruiter Name :  Geetika Gupta

Why join us?

If you’re looking for further opportunities to develop your career, take the next step in fulfilling your potential right here at HSBC.

About the Team

The TRP&A team sits within Risk & Compliance.

TRP&A Team composition:

• Stress Testing
• Aggregation
• Market Data Management (MDM)
• Model Monitoring and calibration (MMC)
• Traded risk Analysis
• These teams form part of the TTR&A setup, that ensure functional consistency and delivery across all work streams and support a number of Traded and/or Market Risk Functions/Teams across the HSBC Group.
• Locations: Bangalore
• Regional Locations: Hong Kong, London, Paris, New York

Activities undertaken include, but not limited to:

• Management and monitoring of counterparty and market risk limits in trading and aggregation systems
• Analysis and reporting of market risk calculations to traders, risk managers, senior management and regulators
• Management of market data and generation of risk model parameters such as VaR, PFE, EEPE
• Analysis and rating of country risk where HSBC has any exposure
• Review, validation and improvement of risk calculation and management models
• Collation of Risk related MI and preparation of Stress Testing and Back testing governance committee packs
• We are currently seeking for an ambitious individual to join the Traded Risk Process & Analysis CoE (TRP&A) Team as (GCB7) in the role of Analyst - Traded Risk Anaylsis.

The Opportunity:

• The purpose of the role is to provide oversight as a Analyst for the MRDS with details defined below.

What you’ll do:

GCB LEVEL       

PRINCIPAL ACCOUNTABILITIES:

ALL     

• Ensures the integrity of Common Data from Primary Trading Systems, Traded Risk Systems and Vault consumed by multiple downstream consumers
• Responsible for monitoring and executing controls and L1 Exceptions as detailed below:
• Data quality checks and controls on consumers' original sources/ inputs - PTS, Traded Risk Systems, Vault Data
• Reference Data Quality Controls - GRDS, HMS, Client, Common Mapping
• Reconciliations between Data Sources or/with Consumer Inputs
• Static Maintenance in Consumers system not using Golden Source (Counterparty Information in LEM, …) 
• L1 Exception Management:
• MR Data Quality Control : Feed Completeness/Accuracy/Exceptions Monitoring/GRDS Checks/PI Monitoring
• MR Reconciliations
• MR Adjustments
• Liaises with feed providers to ensure the timeliness, accuracy and completeness of inputs for reporting. This includes prompt escalation of delays and incomplete data for proper workaround and/or resolution.
• Responsible for monitoring and executing controls as detailed below:
• Static Maintenance in systems specific to Consumers (Market Risk Limits, …)
• Controls when oversight is owned outside DaRR (ex. EOD Limit Monitoring)
• L2 Exception Management:
• MR KPI/KRI for Traded Risk Business Control Committee (BCC)
• MR Reporting (Limit Monitoring, Excess)
• Ensures complete, accurate, quality and timely reports sent to stakeholders, with proper adherence to      Service Level Agreements (SLAs)
• Liaises with Regional MRAs and MRMs for any functional requirements
• Where applicable, coordinates with MRAs and MRMs for any regulatory requirements

OPERATIONAL EFFECTIVENESS & CONTROL:

ALL     

• Participate in User Acceptance Tests (UATs), as required, on any system enhancements or roll-outs
• Ensure that processes adhere to appropriate quality standards, with reference to internal and external compliance rules, and are comprehensively documented.
• Maintain HSBC internal control standards and address audit points and/or any issues raised by regulators in a timely manner. Foster a compliance culture within the team, managing compliance risk and ensuring that the necessary training is completed. Optimizes relations with regulators.
• Engage with internal and external auditors to satisfy questions and requests as part of formal and informal reviews.

LEADERSHIP & TEAMWORK:

GCB 7 ANALYST         

• Promote greater understanding of MMO'S role in the GBM umbrella among staff.
• Work with staff to constantly upgrade knowledge and skill set and help them functionally
• Drive the implementation of processes and policies to deliver service excellence by clearly communicating the rationale across sites and ensuring that the entire team functions as one coordinated unit.
• Helps provide regular updates between the two sites on any functional changes in the process.
• Partners with the Global Lead in ensuring that on-going training is built into regular BAU and that the teams are fully cross-trained on MRDC Pod-specific responsibilities.

STAKEHOLDERS:

ALL     

• Collaborate and partner with relevant stakeholders to ensure end to end process is connected and streamlined.
• Proactively drive growth in the GSC team’s responsibilities
• Establish and maintain communication link with relevant stakeholders with respect to all process and people-related activities and issues
• Address any adhoc queries on a timely manner

GCB 7 ANALYST         

• In addition to the above, ensures that production-related items are addressed through collaboration with SMEs, and where necessary, further assists on any requirements.
• Ensures that any stakeholder requirements are prioritised and/or addressed accordingly, and where necessary, pro-actively escalate any issues with the Global Lead and Functional Lead.

What you will need to succeed in the role:

Qualifications/ Competencies

Criteria

• A degree / qualification in Finance, Accountancy, Business Management or previous experience in Risk Management (Market Risk) or quantitative courses
• Strong foundation in risk management principles, understanding of market risk measures (i.e. PVBP, VaR) and systems
• High level of competency in the production of information, and the ability to process, analyze and interpret market risk reports
• High proficiency in Excel (VBA skill would be an advantage), Word and Powerpoint. Average proficiency in MS Access.
• Ability to use and code in Python
• Ability to work cross culturally with a strong collaborative and inclusive mindset, and committed to equal employment opportunities
• Ability to drive performance under pressure and tight timelines
• Ability to respond on a timely manner to ad hoc risk enquiries, and ensures data quality by identifying potential issues and proactively escalating it
• Ability to learn within a dedicated span of training time and transfer knowledge appropriately
• Flexibility to work shifts
• Team player
• Previous experience managing a team or supervising a working group
• Previous experience on project management and/or execution
• Self-motivated, excellent communication skills, adaptability
• Strategic thinker, planner and a good listener

In addition, for internal applicants:

• Performance and Behavior ratings should be Satisfactory for the last 2 years
• No corrective actions in the last 3 months
• Staff/team member can be released by current manager within 45-60 days
• Any exception to the above criteria will be subject for evaluation and approval of the Head of MMO DaRR Operational Hub.
• Team members may advise and discuss with their line managers prior to expressing their interest.

Interested to apply?

• Application form should be copied to respective Line Manager
• Application form should be submitted ONLINE along with the current CV
• All the completed applications should be submitted ONLINE 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

Link to Candidate User Guide:

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 (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.”

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