HSBC Group

Business: Traded Risk Shared Services

Open positions: 1

Role Title: Manager – Traded Risk Aggregation GSC’s

Global Career Band: 6

Location (Country/city): India / Bangalore

Recruiter Name: Geetika Gupta

Why join us?

• Traded Risk Shared Services is the central point for matters relating to traded credit and market risk within the Group. This includes the design, development and implementation of traded credit and market risk reporting, analysis, policy and systems. The department is also responsible for reporting the Group’s consolidated market risk exposures and has a delegated responsibility to analyze and report market risk limit utilizations, capital, backtesting, stress testing, market data management and model monitoring & calibration

The Opportunity:

• The purpose of the role is to produce consolidated Traded Credit risk, market risk and Value-at-Risk (VaR) information daily for senior Group and Global Banking and Markets executives.

What you’ll do:

The successful candidate will work closely with the on-shore team in London, to carry out the following activities:

• Preparation and analysis of accurate and timely daily market risk and VaR reports for senior management.
• Analyse and provide commentary on changes to risk exposures on a daily basis.
• Track the daily market risk returns from all trading entities, and liaise with regional market risk managers and finance functions to resolve any data issues in the daily returns.
• Finalise the daily Group VaR for both internal and external reporting purposes.
• Perform daily VaR back-testing at the Group level for internal and regulatory reporting. • Prepare monthly reports on Back-testing for the Model Validation Review meetings.
• Perform consolidation of capital submissions for Regulatory reporting activities.
• Tracking the market risk limit excesses submitted by the sites, and the preparation and review of limit excess reports for senior management review.
• Administration of limit amendment procedures, that requires the accurate tracking and timely maintenance of regional and site limit records.
• Monthly production of material limits amendments and excesses for the Business Control Committees.
• Preparation of monthly risk management papers for the Groups RMM and the Global Banking and Markets Risk Management Committee.
• Preparation of Issuer Risk reports, EAD reports and other Credit Risk reports
• Perform various UATs with respect to the Risk systems and provide signoff on the functional aspect.
• Other analyses will be needed on an ad hoc basis, and familiarity with a variety of sources of information - internal and external - is necessary. For example analysis of data histories held on internal risk systems or Bloomberg.
• Deal promptly with ad hoc questions on risk-related information, investigate any apparent data discrepancies and resolve as necessary.

What you will need to succeed in the role:

• Qualification in finance, accountancy, business management or previous experience in risk management (Market Risk and Credit Risk) is essential.
• Highly competent in the production of information, and the ability to process and analyse large volumes of data.
• Excellent communication skills
• Excel and VBA skills are a pre-requisite
• Ability to work under pressure and to tight time-lines is essential
• A detailed understanding of the credit risk measures like PD, EAD, LGD, Expected Shortfall, Unexpected Loss and credit risk concepts like counterparty credit risk, credit derivatives.
• An understanding of market risk measures such as present value of a basis point (PVBP) and VAR, or detailed understanding of the valuation of capital markets and derivative products is desirable.
• Understanding of FRTB concepts.

What additional skills will be good to have?

• Financial certifications such as FRM, CFA, CQF
• Knowledge of Python, Tableau, VBA, SQL.

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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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