Manager – Traded Risk Assurance

Job description

Job description

Some careers have more impact than others.

If you’re looking for a career where you can make a real impression, join HSBC and discover how valued you’ll be.

HSBC is one of the largest banking and financial services organisations in the world, with operations in 62 countries and territories. We aim to be where the growth is, enabling businesses to thrive and economies to prosper, and, ultimately, helping people to fulfil their hopes and realise their ambitions.

We are currently seeking an experienced professional to join our team in the role of  Manager – Traded Risk Assurance .

Principal responsibilities

·  Support in the definition and scoping of the Market Risk Assurance function, promoting and implementing synergies and efficiencies while securing an optimal and best in class control environment.
·  Challenge the first line control and risk owners to ensure that risk management activities are working effectively. This includes the following activities for Market Risk
·  Provide subject matter expertise, advice, guidance, and effective challenge to the Risk and Control Owners;
·  Monitor compliance of the minimum requirements applicable to the management of Market Risk, as set out in relevant policies.
·  Report on the risk and control profile, including impacts of external environment changes, emerging risks and changes to the business strategy;
·  Work with the business to understand the impact of emerging risks that require changes to controls, resources and business operations to ensure they remain within appetite;
·  Support definition of the Risk and Control Library, including minimum control standards, with input from Risk Owners, and Control Owners, specifying key risks and key controls and providing guidance on continuous monitoring expectations.
·  Recommend Risk and Control Assessment (“RCA”) scoping, and challenge where this is not appropriately applied in the Risk and Control Assessment; and challenge Risk and Control Owners on risk and control management, including inherent risk, residual risk, control effectiveness ratings, issues, actions and events.
·  Work closely with Internal Audit (INA) to understand the outcomes of their reviews and how this affects the control environment.

Requirements

·  CA / MBA in Finance or Masters in similar and relevant field
·  At least 2 years of work experience in a Big4 / Financial services firm in area of internal audit, assurance or traded risk management
·  Good working knowledge of counterparty credit risk reporting requirements and regulations, across standardized and internal model approaches
·  Good understanding of various counterparty credit risk reporting metrics (e.g. Exposure at default (EAD), Potential future exposure (PFE), Expected Exposure (EE), Expected Positive Exposure (EPE), Expected Effective Positive Exposure (EEPE)) and the calculation of them
·  Practical experience of counterparty credit risk management &/or control within a financial institution
·  Ability to provide independent and effective review and challenge of key counterparty credit risk processes including regulatory reporting
·  Good understanding of assurance techniques obtained in a big 4 accounting firm or internal audit department of a financial institution
·  Ability to challenge stakeholders at various level and build relationships with a diverse range of stakeholder

You’ll achieve more when you join 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. 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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