HSBC is one of the world’s largest banking and financial services organisations. We serve more than 37 million customers through four global businesses: Commercial Banking, Retail Banking and Wealth Management, Global Banking and Markets, and Global Private Banking.

Our network covers 70 countries and territories in Europe, Asia, the Middle East and North Africa, North America and Latin America. With around 4,000 offices worldwide, we aim to be where the growth is, connecting customers to opportunities, enabling businesses to thrive and economies to prosper, and ultimately helping people to fulfil their hopes and realise their ambitions.

HSBC New York City, NY, USA
16 May, 2018
Experienced Hires
The primary objective of the role is to contribute to the objective of the team to be the 2nd line Global Risk Control function for the US Asset Management Business.   Amongst the more broad risk oversight and challenge responsibilities of the team, the role also involves the use and understanding of investment risk, liquidity risk and counterparty risk information as well as some of the risks associated with the use of derivatives.   Participate in the developing of the tools for measuring investment and liquidity risks, including the stress testing of the same.   The senior role differentiates from the Risk Analyst role by providing support and considered opinion to senior management, participation in the fund board meetings, lead work streams to comply with upcoming US / Global Regulatory proposals and lead discussions with-in the risk management committees and local governance forums on risks managed and facing the business   Impact on the Business Ensure that AMUS’s market and investment risk metrics and analyses are fit for purpose and meet business and regulatory requirements. Ensure that AMUS’s counterparty credit risk metrics are fit for purpose and meet business and regulatory requirements. To manage and assess the impact of Regulatory Changes on the AMUS Risk Function. This includes representing the AMUS Risk team at relevant project working groups in relation to regulatory/governance changes. Developing and implementing best practice methodologies and processes for evaluating wide variety of fixed income portfolio risks and liquidity. Analyze risk models used by the business and support the risk analysis of various investment strategies in use. Support the Chief Risk Officer heading up the AMUS Risk team by ensuring all functional documentation is up to date and reviewed. Recommend revised procedures to reduce risks and potential client compensation or regulatory sanctions. Interact with front office to review portfolio risk, exposures and provide analysis and respond to requests for information. Derive increased front office risk awareness through regular challenges and analytical assignment Customers / Stakeholders Heads of functions including but not limited to Risk, Compliance, Product, Operations and Investment team Product Working Groups Global Risk Team Support and provide risk capability presentations to clients and prospects Supports the relationship between AMG and its regulators Leadership & Teamwork Works effectively with Global Risk team and other Group Risk functions. Works effectively with AMUS local management. Supports AMUS to meet new requirements from Group or regulators. Operational Effectiveness & Control Support the Chief Risk Officer in monitoring the implementation of risk policies and thresholds in AMUS to ensure risks are consistent with the AMUS’s risk appetite. Ensures risk monitoring/oversight is effective Major Challenges The team overseesall risks across AMUSso is not just limited to investment and counterparty risk. Ensuring all regulatory (and internal) requirements are met Diversity and complexity of productsand business supported by different systems and business models Ensuring the systems used by Risk are up to date and continue to meet business and regulatory requirements Maintaining good working relationships with AMUSfunctional teamswhilst ensuring policies and standards are consistently applied in AMUS Providing technical assistancefor the AMUSRisk function Role Context With the breadth of the Risk Team’s remit and the limited resources available, the role requires strong organisation and influencing skills. The jobholder is expected to be well versed inwriting documentation for desk rules, functional instruction manuals, and interpreting regulatory requirements from a risk perspective. Close liaison is maintained with the AMG Global Riskteam, Compliance and other functionswithin AMUS. The jobholder is expected to work with a level of autonomy in theirtechnical area of expertise and provide clear judgment and directionin a variety of forums and formats. Role holder is expected to lead independent evaluation of quantitative and model risk with-in the suite of tools and systems used with-in AMUS. Management of Risk Management of risk is an integral part of the role Observation of Internal Controls Maintains HSBC internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators. Understands, follows and demonstrates compliance with all relevant internal and external rules, regulations and procedures that apply to the conduct of the business in which the job holder is involved, specifically Internal Controls and any Compliance policy including, inter alia, the Group Compliance policy. Understand the Treating Customers Fairly (TCF) principles, HSBC Global Asset Management’s TCF philosophy and how this affects your role. Act in a manner that takes account of these principles to ensure fair outcomes for customers Minimum of five years plus of experience in risk management Bachelor’s degree in mathematics, business, statistics or economics with exposure to math and econometrics; a Master’s degreeand/or CFA, FRM, PRM certificationis preferred. Good knowledge of the management of risks in an asset management business and of the evolving regulatory environment(US & Europe)and credit risk issues preferred Strong knowledge of Excel modelling as well as experience with risk management Models(e.g., Sungard APT, Bloomberg AIM). Work with IT and Infrastructure team to build processand technologies that support efficient operations, high quality data and ease of access to results Exposure and/or proficiency to other analytical tools such as R, Python, SQL, VBA etc., desirable Good influencing and decision making skills based on quantitative and qualitative analysis Ability to assess risk trends both internally and externally Self-starter who is proactive and entrepreneurial; i.e. innovative and creative Good communicator (oral and written) especially of technical issues to non-specialists Able to interact effectively at senior levels Forward looking and business orientated EEO/AA/Minorities/Women/Disability/Veterans
HSBC New York City, NY, USA
16 May, 2018
Experienced Hires
Responsibilities Production of XVA: CVA, DVA and FVA; PPNR: CCAR/DFAST/GMS XVA impact runs. Risk Not In CVA (RNIC) framework ownership. All IPV, other Fair Value Adjustments and Prudent Valuation balances; All IPV and FVA methodologies and documentation; Monitoring model restrictions and recommendations; Levelling determination of assets and liabilities. Help improve and ensure global consistency of the XVA methodology, processes and governance. Engagement with Fixed Income core Product Control to ensure that the valuation conclusions are accurately reflected in the books and that the communication with the business is seamless and consistent. Keep up to date with any core Product Control production issues. Ensure that the governance and controls of fair value is adhered to. Prepare for and contribute to the valuation committees that opine on fair value for the business areas concerned. Work with Analytics and the Fixed Income individuals from within the Valuations Group plus the Fixed Income Business Lead to identify the need for, and implementation of, fair value adjustments. Ensure Valuation Group FIM requirements and other applicable accounting / regulatory standards are met. Liaise with Internal/External audit and regulators where necessary. Work to ensure consistency in policies/standards across sites/teams and implement strategies to improve consistency where it is not already in place. Identify, communicate and drive resolution of issues; whether people, process or system. Maintain focus on process optimization and identify opportunities to enhance cost efficiency where possible (e.g. automation, outsourcing, centralization etc). Drive standardization and streamlining of processes within the Fixed Income Valuations Group. Qualifications Bachelor’s Degree. Bachelors/Masters in a quantitative field are preferred. CFA/FRM/CQF are a plus. Extensive market derivative knowledge in all fixed income asset classes: Rates and Flow Credit. Experience of Fixed Income Models and Derivatives Valuation Framework (OIS Discounting /IR Curve constructions). Experience of developing methodology and shaping policy for IPV / FVAs is a distinct advantage. Good understanding of Funding, Liquity and Capital requirements for Global Markets. Good understanding of accounting requirements for Valuation activity in Global Markets. Good understanding and appreciation of Regulatory requirements and guidelines for Valuation activity. Proven ability in working across multi-disciplinary and multi-cultural diverse work environments. Experience of interacting with internal and external stakeholder groups (Business, Risk, Internal and External Audit, Compliance, Regulators). Skills: Strong Analytical background. Outstanding communication and interpersonal skills, including the ability to articulate key valuation issues to Senior Stakeholders in a non-technical manner
HSBC London, UK
27 Apr, 2018
Experienced Hires
Role Title:   Stress & Scenario Calibration Analyst Business:   Risk Management New or Existing Role?  Existing Grade:   GCB5 Role Purpose The Traded Risk team measure and monitor traded credit and market risks globally through various risk measures, to meet internal control and external regulatory requirements The team provide various reportable data and derived data to internal and external stakeholders, including regulators, on an ongoing basis. This data includes, but is not limited to, exposure; limit; capital and stress testing reporting. Where teams are responsible for reporting, it is expected that this is performed within a well structured and robust control environment taking cognizance of any internal or external control and governance requirmeents. The team also assist in defining responses to new regulatory initiatives and articulation of common global operating models. This takes the form of new procedures, as well as specification of business requirements to support the design and enhancement of systems. The nature of the role varies between BAU, process/functional enhancements and strategic initiatives. The person will be expected to work on processes and projects driven by Regulatory demand or the Business and therefore impact both the standing of the bank with its Regulators and its ability to grow. Responsible for: Delivering analysis and expertise on Market Data and Risk Factors within Traded Risk, Relationship manager with Market Risk Managers Delivering High Standard MI reporting/analysis Supporting risk model efficiency and on-going validation Work as a subject matter expert on your area, e.g. IR & FX Maximize usage and quality of data within your area of expertise Key Accountabilities Impact on Business Participate in market and traded credit risk policy development. Coordination, tracking and delivery of reporting responsibilities to appropriate quality levels within SLA's Evidencing of necessary controls and checks underlying reporting Manage scope extensions and process improvements to BAU reporting Define new processes and project engagement to embed these as appropriate Ad hoc duties e.g. establishing new controls, participating in working groups, new initiatives, regulatory driven impact studies Customers / Stakeholders Regulators Front Office, Middle Office, Relationship Managers & Credit Approvers Market & Traded Credit Risk Management & Control Teams WMR Global Reporting, Regulatory & Methodology teams WMR Transformation and other Change teams Risk Strategy Team (i.e. Central Team) Technology GSC offshore teams Audit, ORIC, BRCM Leadership & Teamwork Ability to build relationships and network with stakeholders located in different regions (Asia, Europe and the Americas). Team player with strong interpersonal and stakeholder management skills. Assist on special projects and system implementation for market and trading credit risk systems. Promote an environment that supports diversity and reflects the HSBC brand. Provide support to line management as necessary Provide support and guidance to Traded Risk Functions Operational Effectiveness & Control Coordinate and deliver periodic reporting responsibilities Ensure completeness, accuracy and quality assurance Delivery on a timely basis and within SLA Prepare daily, periodic, and ad hoc risk reporting as well as limit monitoring at the appropriate levels of the reporting hierarchy. Maintain permitted instruments list governing permitted products/transactions. Assess and enhance internal controls within the risk reporting environment. Reconcile differences between risk figures produced by trading and back office systems and perform basic analysis. Major Challenges Working in a dynamic regulatory environment that requires continuous process improvement and evolution, often to tight deadlines Acquire subject matter expertise for given domain, and be able to act as the main contact for procedural and context driven questions Ensure high standards are maintained and manage inherent operational risk Meet demanding timelines and coordinate stakeholders within those timelines Work collaboratively with different stakeholders across cultures and time zones Being able to adapt as the scope or timeline of a process changes Being able to understand, measure, monitor and resolve risks, issues and dependencies as they arise during processes and projects. Role Context The role has extensive responsibility for: global definition of processes through SME interaction, where appropriate with external bodies, to support definition of industry responses to new regulation coordination with various HSBC functions, including Traded Risk Management, Traded Risk Control, Traded Risk Change Delivery, Software Delivery, and Risk Strategy amongst others. preparation of MI, and supplementary evidence, for senior management to support the global sign off and onward reporting of data Role Dimensions The individual will be a member of the Global Traded Risk Control team and work alongside global and regional risk managers and risk controllers to support definition of global processes and acquisition of global data to support internal MI and control needs, alongside external regulatory reporting requirements. Identification, measuring and control of risk exposures vs. limits for the bank and affiliates' assets and liabilities (i.e. trading and non-trading books) on existing and prospective products. Management of Risk Adherence to processes and controls to identify and mitigate risks and ensure timely escalation of control issues and reputation risks. Demonstrate leadership on regulatory and compliance matters. Maintain awareness of risk and minimise the likelihood of it occurring through its identification, assessment, mitigation and control. The jobholder will continually reassess the operational risks associated with the role and inherent in the business, taking account of changing economic or market conditions, legal and regulatory requirements, operating procedures and practices, management restructurings, and the impact of new technology. This will be achieved by ensuring all actions take account of the likelihood of operational risk occurring. Also by addressing any areas of concern in conjunction with line management and/or the appropriate department Be aware of the Operational Risk scenario associated with your role and act in a manner that takes account of operational risk considerations. Observation of Internal Controls Maintains HSBC internal control standards and addresses internal and external audit points and/or any issues raised by regulators in a timely manner. Fosters a compliance culture within the team, managing compliance risk and ensuring that the necessary training is completed. Optimises relations with regulators. Understand, follow and demonstrate compliance with all relevant internal and external rules, regulations and procedures that apply to the conduct of the business in which you are involved, specifically Internal Controls and any Compliance policy including, inter alia, the Group Compliance policy. Qualifications Knowledge & Experience / Qualifications Educated to degree or post graduate level, and ideally in a numerate subject. Knowledge/Experience Pricing or Valuation Control experience, more specifically understanding of IPV (Independent Price Verification) processes, bootstrapping techniques, model parameters controls, statistical techniques and data cleansing Experience on market data management, data cleansing and sourcing Experience in analytical reporting, e.g. explain of a transformation by decomposition Proven relevant working experience in a Global Markets environment, with relevant exposure in the risk industry an advantage Have an understanding of market or credit risk management techniques, systems, processes and functions including VaR/Stress Testing and the Greeks, ideally through line experience. Product knowledge across multiple assets classes - Fixed Income, Equity, Commodity, FX, etc. Relevant work experience Exposure to a control environment, with an understanding of credit and/or market risk reporting processes a plus For GCB5, experience would generally be in the region of 2 - 5 years, however this is only indicative and may vary by geography Skills Independent, driven, self-motivated approach, with a strong eagerness to learn and grow along with the capacity to work collaboratively as part of a team Be prepared to provide critical thinking on existing processes with a view to drive process improvements and deliver efficiency gains Experience in prototyping tools (e.g. Excel) to report or detect outliers. Experience with market data software e.g. Asset Control, Reuters, Bloomberg Excellent English communication skills (verbal and written) - the ability to communicate effectively and efficiently at a global level is paramount. Team player with strong interpersonal and stakeholder management skills. Focused and delivery-driven with ability to meet tight deadlines, multi-task and prioritise appropriately in a fast moving and often evolving environment. Hands on approach required and willingness to take personal accountability Pragmatic decision making capability. Proficient in typical desktop tools including Microsoft Office to Excel VBA level Advantageous Understanding and knowledge of recent regulatory changes in Banking. Finance related qualifications e.g. CFA, Masters in Finance, ACA Familiarity with risk driven capital requirements and reporting For more information about the relevant additional checks for this role please contact the hiring manager. We are an equal opportunity employer and are committed to creating a diverse environment.