Ir & Fx Market Risk

Job description

Role Title: IR & FX Market Risk Global Standards Manager
Business: HSBC Holdings Plc , Traded Risk Management
New or Existing Role? New
 
Role Purpose


This role is about supporting the Global Head of Market Risk for IR & FX in rolling out global standards for market risk for the interest rates, commodities and FX asset classes.

This is done in several key areas such as the rolling out of a global reporting infrastructure, setting consistent risk measures and reports, achieving frequent global risk aggregation and managing its distribution to the relevant stake holders, maintaining global market risk appetites for the FX, interest rates and commodities asset classes, reviewing the various regulatory submissions before they go for sign off by the Global Head of IR & FX Market Risk, appropriately raising risk issues at the relevant BCCs (Business Control Committees), liaising with regional market risk managers and coordinating their work in the context of dedicated global projects including regulatory deliverables, liaise with RRA (Regulatory Risk Analytics) regarding market risk capital models implementation, liaise with the WRC Traded Risk Aggregation team, support new business onboarding (NPDDs) by providing appropriate analysis to the Global Head of IR & FX Market Risk.
 
Key Accountabilities
Impact on the Business


This role is about supporting the Global Head of Market Risk for IR & FX in rolling out global standards for market risk for the interest rates, commodities and FX asset classes.

This is done in several key areas such as the rolling out of a global reporting infrastructure, setting consistent risk measures and reports, achieving frequent global risk aggregation and managing its distribution to the relevant stake holders, maintaining global market risk appetites for the FX, interest rates and commodities asset classes, reviewing the various regulatory submissions before they go for sign off by the Global Head of IR & FX Market Risk, appropriately raising risk issues at the relevant BCCs (Business Control Committees), liaising with regional market risk managers and coordinating their work in the context of dedicated global projects including regulatory deliverables, liaise with RRA (Regulatory Risk Analytics) regarding market risk capital models implementation, liaise with the WRC Traded Risk Aggregation team, support new business onboarding (NPDDs) by providing appropriate analysis to the Global Head of IR & FX Market Risk.
 
Customers / Stakeholders


Market Risk Management

Market Risk Control (local and global)

Regulatory Risk Analytics

Software Delivery

Front office (head traders & business managers)
 
Leadership & Teamwork


Driving and influencing stakeholders in line with the strategic rolling out of global standards

Effective teamwork with Market Risk Managers, Market Risk Control, Regulatory Risk Analytics

Liaise with other Global Asset Class Heads as necessary
 
Operational Effectiveness & Control


Communicate effectively across the organization (in terms of seniority and geographical region, by email, phone, face-to-face).

Good analytical reasoning to question, listen, recommend changes to existing processes and methodologies.

Able to produce detailed written documentation (methodology, standards, analysis)

Self-motivated and able to work independently when required.
 
Major Challenges


Deliver concrete global standards, most notably via the MaRS system for FX, commodities and rates asset classes; ensure these are reflected in regulatory deliverables e.g. FDSF, ICR, Stress testing, global reports

Large organization with many internal stakeholders to deal with

Prioritize work under high demand from all stakeholders, including regulatory driven requests/projects.

Sustain a broad range of activities under a changing infrastructure and regulatory environment.
 
Role Context


The nature of the role requires focusing both on infrastructure e.g. IT systems & deliverables, as well as on methodology e.g. global market risk standards. This in turn implies liaising with IT teams such as SWD/MaRS teams, as well as with market risk managers and methodology teams such as RRA.

The role does not include the authority to set risk limits, approve transactions or sign off on regulatory changes or deliverables; it does however include performing preparatory work to help the Global Head of IR & FX Market Risk to provide sign off

The role includes representing the Global Head of IR & FX Market Risk in various forums such as PSCs, BCCs, NPDDs etc… as and when appropriate due to frequent global meeting conflicts around the midday time
 
Role Dimensions


Interacting with, and drawing from, a global pool of market risk management resources of 19 individuals spread over 4 trading locations (London, Hong Kong, New York, Paris)

Dealing with 3 asset classes with very different market behaviours

Collaborating on strategic change projects, either risk driven or regulatory driven
 
Management of Risk


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 and by escalating any areas of concern through the relevant channels.
 
 
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 jobholder is involved, specifically Internal Controls and any Compliance policy including, inter alia, the Group Compliance policy.
 

Desired profile

Knowledge & Experience / Qualifications


University graduate in Finance, computer science or numerical related disciplines

Good knowledge of vanilla and complex derivative products and relevant traded markets in FX and rates.

Some past exposure to commodities is desirable

Some understanding of counterparty risk management

Keen attention to details, especially around methodology & risk units and conventions

Proven ability to suggest concrete practical system solutions, with appropriate prioritization

Good relationship skills with stakeholders, especially under period of pressure

Ability to clearly articulate requirements in writing and orally

Knowledge of risk methodology and regulatory framework.

Experience in analytical reporting

Ability to form effective relationships with distant colleagues
 
 
 
 
We are an equal opportunity employer and are committed to creating a diverse environment.
 
 
 
 

About HSBC

HSBC est l’une des plus grandes banques internationales avec une présence dans plus de 85 pays dans le monde. Elle a été créée en 1865 sous le nom de « The Hongkong and Shanghai Banking Corporation », et son siège social est basé à Londres. En France, HSBC totalise environ 400 agences et près de 10 000 salariés, avec une spécialisation dans plusieurs activités : une banque pour les particuliers, spécialisées notamment dans la gestion de patrimoine, une banque privée (gestion de fortune), une banque d’entreprises, qui s’appuie sur le réseau de l’ensemble du groupe HSBC dans le monde, et une banque de financement, d’investissement et de marchés. En 2012, HSBC France a réalisé un résultat avant impôt de 450 millions d’euros.