HSBC Group

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Job Introduction

Non-Traded Market Risk Manager’s role involve risk management coverage and controls surrounding Markets Treasury and Interest Rate Risk in the Banking Book (IRRBB risk).  The role holder will work very closely with teams in both first and second line of defence e.g. Treasury, Markets Treasury, Treasury, Finance, Financial Operations and Traded Risk control teams to drive risk management in the areas outlined. 

Principal Responsibilities

Key responsibilities include: -

• Provide end-to-end independent oversight of the entity’s interest rate risk in the banking book including but limited to:
• o   oversight of market risks undertaken by Markets Treasury.
• o   ensuring completeness and accuracy of key risk positions, all risks are correctly captured in a timely manner in accordance with Group policy.
• o   monitoring of all risk positions against limits. Proactively managing the business requirements for limit changes and changes to business model.
• o   review and challenge of IRRBB risk appetite, assumptions, hedging strategies, risk & control assessments.
• Provide support to the Entity and Regional Management for the prudent utilisation of the balance sheet resources.
• Provide second line oversight over regulatory and internal stress tests.
• Implement relevant risk management policies and procedures, ensuring that they are globally consistent and consider entity specific idiosyncrasies.
• Assist with implementing regulatory initiatives and country specific projects.
• Support internal, external and regulatory audits of entity IRRBB risks and market risks in Markets Treasury.
• Review new products and processes to identify all material risks and ensure effective controls around these to ensure appropriate risk management occurs during their life cycle.
•  Establish strong partnership with stakeholders while balancing the independent risk oversight requirements.
• Foster a strong risk culture within partner functions, promoting risk awareness, escalation, and effective risk management practices. 

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• 10 years+ market risk, IRRBB risk, ALM or trading experience with strong technical knowledge of treasury products and markets.
• SME knowledge of RBI regulations in the outlined risk areas. 
• High level of maturity, resilience, sharp negotiation and communication skills. Able to work independently and under pressure
• Strong communication and interpersonal skills:  Candidate will need the credibility and confidence to quickly resolve unscheduled queries and issues in a timely manner.
• Must be able to take ownership of key responsibilities, be a problem solver and above all possess common sense.
• Quantitative degree with experience in programming (will be a plus) and excellent commercial accumen and proven decision making, interpersonal skils (in particular influencing and communication skills).  

You’ll achieve more at HSBC.

HSBC is 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.

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Issued by The Hongkong and Shanghai Banking Corporation Limited, India

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