HSBC Group

Business: Risk and Compliance TRMMC – Traded Risk Measurement, Monitoring

Open positions:1

Role Title: VP - Traded Risk GSC’s

Global Career Band: 4

Location (Country / City ): India/ Bangalore

Recruiter Name : Priyanka Ochani

Why join us?

• We’re seeking a skilled Traded Risk professional, to join the Global Risk team. The role’s main purpose is to support HSBC enhance the control environment for Traded Risk processes with focus on Regulatory Reporting and Internal Risk management processes.
• Our Global Risk function oversees a comprehensive risk management framework that is applied throughout the Group. We focus on creating an environment that encourages our people to speak up and do the right thing. This responsibility includes establishing global policy, monitoring risk profiles, and identifying and managing forward-looking risk. Global Risk is made up of sub-functions covering all risks to our business.
• As an HSBC employee, you will have access to tailored professional development opportunities and a competitive

The Opportunity:

• As part of the Fundamental Review of the Trading Book regulation, the firm needs to work on a large-scale regulatory application document.
• To help facilitate this challenging task, we are looking for an enthusiast candidate willing to make the difference, leveraging breakthrough technologies. The ideal candidate will have a blend of expertise in product coding and in financial markets.

What you’ll do:

• Provide guidance and input into the IMA application for submission to the regulator.
• Supervise and provide guidance in the phase of writing application documents such that they are deemed fit for purpose by the stakeholders. The requirements need to be comprehensive and cover all the aspects of the new capital calculation.
• Be able to leverage data science and technology to support the application.
• Supervise and provide guidance in the execution phase making sure that the requirements are fulfilled and that main milestones of deliveries are fulfilled.
• Liaise with stakeholders in Traded Risk such that FRTB deliveries is in line with the expectations from stakeholders.
• Liaise with stakeholders from FRTB Programme such that issues are timely escalated and a path to resolution is found.
• No adverse regulatory or internal audit feedback on the operational readiness stream. Control process is in line with internal and external regulation (PRA, SOx, KPMG, etc.)
• Successful application to the regulators of the new capital model
• Work effectively with Traded Risk, GRA and regulatory finance and FRTB Programme
• Ensure Regional\Global team provides the right level of value and that they support the proposed changes
• Ensure that the stream is integrated into all relevant parts of the Group and that a collegiate approach is taken to solving issues, building businesses, and achieving target returns
• Regular and positive communication through conference calls, meetings, visits
• Build good relationships with the teams that will be in charge with the production of these numbers as well as the consumers of these numbers.
• Implementation of effective processes & systems supporting risk strategy.
• Ensure that the effectiveness of Internal Control activity is properly monitored
• Early reporting/escalation of risks/issues monthly senior management.
• Improved processes related to approvals, administration, controls & monitoring; tailored risk systems and monitoring of complex activity
• Achievement of Satisfactory or better internal audit classifications

What you will need to succeed in the role:

• Robust Knowledge of Global Markets asset classes, Rates, Foreign Exchange, Equities and Credit products.
• Experience with Traded Risk management, systems and methodologies.
• Influential skills to drive and steer necessary risk changes to meet expectations. 
• Excellent written and oral communication skills, ability to work with different profiles and stakeholders.
• Skilful on data analysis and data handling.
• Strong analytical background and proven ability in analytical rigor, including being able to contextualise data into business activities and conclusions
• Proven ability in working across multi-disciplinary and multi-cultural diverse work environments
• Proven ability to meet tight deadlines. 
• Excellent leadership and teamwork skills

What additional skills will be good to have?

• Python Coding

Link to Candidate User Guide:

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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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