Market Risk Manager

Job description

Role Title: Market Risk Manager
Business:
New or Existing Role? New
 
Role Purpose


The scope of responsibilities includes the following:

Consolidated reporting and analysis, for MI and regulatory purposes with a global remit e.g. sensitivities, VaR, Stressed VaR (SVaR),  Incremental Risk Charge (IRC), etc. The main customers of the consolidated reports are the Regulatory Finance team (for capital & RWA reporting) and senior market risk management.

Analytical review and explanation of movements to stakeholders (60% analytical review, 40% reporting) on reporting supported out of the offshore team.

Supporting a continuous process of offshoring and facilitating the transfer of daily reporting preparation tasks to offshore centers.

Consolidate Risk Management Committee packs

Review & monitor limit mandates

Model Performance review – specifically VaR back testing, hypothetical portfolio back testing. Preparing back testing packs for Europe & Middle East region and providing inputs to the Global pack.

RWA reporting – MI pack for Market Risk RWA requirement

Assisting offshore team in coordinating and following up with sign off from Market Risk managers of respective desks and/or regions.

Computation of Maximum Stressed VaR period, globally.

Ad hoc regulatory projects
 
 
Key Accountabilities
Impact on the Business


Global consistency and improved control framework

Ensure controls and continuity of risk monitoring activity

Support models efficiency and accuracy for capital requirement

Improve existing infrastructure to deliver accurate, high quality and timely information

Deliver added value information to internal customers

Support meeting regulatory challenges

Onboarding new business
 
Customers / Stakeholders


Traded Risk Management and Control

Regulatory Finance

Regulatory and Risk Analytics (Methodology)

Risk Software Delivery

Traded Risk Change Delivery
 
Leadership & Teamwork


Developing the team onshore and offshore

Supporting recruitment, policy, best practices and skillset.

Driving and influencing stakeholders in line with run the bank target operating model view and requirements

Effective teamwork with Market Risk Managers, Group Change, Risk Methodology. 
 
Operational Effectiveness & Control


Maintain and develop close relationship with offshore teams to manage BAU activities under a timely, cost effective and structured operating model.

Driving continuous process improvements
 
Major Challenges


Large organisation with multiple internal stakeholders to deal with

Build and sustain effective working relationships and exert influence through the existing governance.

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

Sustain a broad range of activities under a dynamic infrastructure and regulatory environment.

Work effectively with onshore and offshore resources to maximize consistency, timeliness and quality.
 
Role Context


The consolidation team operates within the Traded Risk Control department under the Global Risk Function. It supports Traded Risk Management and works with other departments such as Regulatory and Risk Analytics, Change Delivery, Regulatory Finance and Product Control. It deals primarily with aggregated exposures within Traded Risk Control.

The Traded Risk function is subject to strict external regulations as a result of internal model approval by the PRA and other regulators. Measures such as VaR, SVaR, etc are reported externally. All processes are subject to review by internal audit, regulators and external auditors.
 
Management of Risk


The jobholder will also 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.
 
Observation of Internal Controls


The jobholder will also adhere to and be able to demonstrate adherence to internal controls. This will be achieved by adherence to all relevant procedures, keeping appropriate records and, where appropriate, by the timely implementation of internal and external audit points, including issues raised by external regulators.

The jobholder will implement the Group compliance policy by containing compliance risk in liaison with Global Head of Compliance, Global Compliance Officer, Area Compliance Officer or Local Compliance Officer. The term ‘compliance’ embraces all relevant financial services laws, rules and codes with which the business has to comply.

This will be achieved by adhering to all relevant processes/procedures and by liaising with Compliance department about new business initiatives at the earliest opportunity. Also and when applicable, by ensuring adequate resources are in place and training is provided, fostering a compliance culture and optimising relations with regulators.

Desired profile

Knowledge & Experience / Qualifications


University graduate in finance, computer science or numerate disciplines

Strong presentation skills to brief senior management on topics or summarise key information

Excellent interpersonal and relationship skills with customers, especially within high pressure periods

Knowledge of trading business, products, risk methodology and regulatory framework.

Experience in analytical reporting, e.g. explain of a quantity by breaking down its input variables

Able to understand and document processes using data flow diagrams

Good level of understanding of Excel & Access (VBA level), PowerPoint and MS Word.
 
 
 
Under the Company's internal 'Back to Front'/’Front to Back’ transfer policy this role may be classed as High Risk. As a result, internal candidates may require enhanced approvals and vetting checks if they are currently employed in a Front Office department, or if they have worked in a Front Office department within the last 5 years (please refer to the HR FIM definition for further guidance). The enhanced approvals and vetting would need to be completed before the candidate will be confirmed in the role.
 
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.