Regulatory Policy Capital & Liquidity Manager

Job description

Job description

If you’re looking for a career where you can make a real impression, join our Global Service Center (GSC)- HSBC and discover how valued you’ll be.

We are currently seeking an experienced professional to join our team in the role of  

Regulatory Policy Capital & Liquidity Manager

Global Regulatory Policy & Advisory (‘GRPA’) is responsible for establishing HSBC’s Group level, and certain regional level, prudential regulatory policies, and for advising the firm’s business lines of the impact of these policies upon transactions and new products.

GRPA provides technical regulatory support and guidance to infrastructure functions and businesses across a full range of financial products and regulatory issues, providing challenge and governance to mitigate regulatory risk. GRPA continuously monitors new rule developments and other ongoing changes to the prudential regulatory landscape. GRPA covers a number of key aspects of prudential interpretation, including risk weighted assets (RWAs), capital resources, the leverage ratio, across a full range of risk areas e.g., credit risk, counterparty credit risk, securitisation, market risk, etc. In addition, GRPA covers liquidity ratios such as the Net Stable Funding Ratio (NSFR) and Liquidity Coverage Ratio (LCR). GRPA is organized as a global team, working flexibly, with a physical presence in the UK, US, Hong Kong, France, India, and Mexico.

This is an exciting new opportunity to join the GRPA’s presence in Mexico with a key focus on providing policy guidance across all risk types under both Capital and Liquidity under both Mexican and US regulations. The role will lead on the analysis and interpretation of the new and existing rules in both Mexico and the US, with coverage spanning on a range of technical areas and financial products. Specifically, the role will be critical to the analysis and interpretation of prudential requirements, as administered by the Mexican prudential regulators, e.g., the CNBV and Banxico, as well as US Agencies, e.g., the Fed, OCC, and FDIC. The role will be based in Mexico City, however candidates based outside of Mexico City may be considered.

The GRPA function currently ensures timely review and notification of new developments in prudential policy regulation which impact the prudential calculations, as well as any related regulatory reporting impacts, and provides policy support as part of advocacy and implementation efforts. The successful candidate will help expand GRPA’s support to cover interpretations and be part of GRPA’s global subject matter expert team that will be responsible for advising on prudential regulations and providing expert technical regulatory support. The role is intended to develop the Policy practice in the region with the goal of providing the service to HSBC in the United States in the near future and collaborate with the wider global team in the UK to deliver technical support consistent across regions.

Key responsibilities of GRPA are to:

·  Track new policy developments and formulate HSBC’s regulatory policies accordingly, providing detailed practical guidance, distributed to a wide range of stakeholders;
·  Produce and review regulatory opinions and interpretations on complex transactions and new products to ensure compliance with Group and local regulatory policies, ensuring all key interpretations are subject to appropriate governance;
·  Provide technical support and guidance to both infrastructure functions and businesses;
·  Provide technical support on the implementation of new regulatory requirements; 
·  Facilitate the HSBC Group’s response to future regulatory developments, including the implementation of the final Basel III reforms in all relevant jurisdictions, and influence the external development of regulatory policy by leading on advocacy efforts in response to new standards, proposed rules, and discussion papers.

Requirements

·  Excellent English communication skills, both written and verbal; ability to read and comprehend technical capital and liquidity rule text written in English
·  Strong technical knowledge of the Mexico prudential regulations is essential; a willingness and ability to learn the US prudential regulations is also required;
·  Technical knowledge of prudential regulations as administered by other key bodies and jurisdictions, e.g. The Basel Committee (‘BCBS’), UK/PRA, and the EU is desirable but not required;
·   Ability to act as an advisor and challenger to internal stakeholders on interpretive aspects of prudential regulation;
·  Strong control mind-set with the ability to support other control functions who are responsible for ensuring regulatory requirements are followed and reported accurately;
·  Professional approach and presentation, ability to manage a wide range of stakeholders including senior management;
·  Ability to prioritize competing deliverables;
·  Ability to formulate and articulate defensible interpretations of ambiguous prudential regulatory rule text; and
·   Strong interest in building US prudential knowledge based on regulations administered by US Agencies, e.g., the Fed, OCC, and FDIC.

You’ll achieve more when you join HSBC!

At HSBC we offer our colleagues a greater number of days so that they can fully enjoy their wedding, take care of the new member of the family, or grieve the loss of a family member. Our paid leave package is at the forefront in Mexico, now you have one more reason to be HSBC and proudly live a culture of well-being, balance and care

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.

Personal data held by the Bank relating to employment applications will be used in accordance with our Privacy Statement, which is available on our website. 

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