Operational Counterparty Credit Risk Manager, Associate Director

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 Operational Counterparty Credit Risk Manager, Associate Director

Principal responsibilities 

·  Revieiwing & understanding the regulatory framework on counterparty credit risk; Reviewing and attesting all Desk Instructions Manuals (DIM).
·  Working with all stakeholders in the integration of strategic architecture in the run-the-bank services.
·  Provide direct admin support to the regional teams; Engage with CCR SME to actively review and manage the team book of work; Monitor all the NFR book of work items and embed the MSS Ops strategy in the teams’ ways of working.
·  Work closely with Traded Risk (Counterparty Credit Risk Managers & Change/IT), Collateral & Risk, Front Office (Relationship managers & Sales)., GRA (Group Risk Analytics) and Regulatory Reporting Teams.
·  Keep track of the error metrics on real time basis and consistently seek to achieve zero error standards; Put in place the improvement plans for repeated errors and work in close coordination with the analyst to ensure that the plan is implemented effectively.
·  Escalation of errors and client feedback to relevant stakeholders as per process; Service offering is critical to the HSBC internal model approvals due to the data expected to be monitored and control daily by the teams, across the 3 main HSBC regions.
·  Maintains HSBC internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators.
·  Complete appropriate internal control standards and relevant compliance policy

Requirements

·  The Operational CCR Manager is expected to manage the teams across 3 regional HSBC locations, locate in Manilla and Bangalore; manager will also be overlooking the counterparty credit risk controls required: 
·  To satisfy the PRA, EBC, OCC, HKMA and other regulatory requirements on credit risk data; To support the efficiency of IMM and non-IMM control requirements.
·  To deliver on a proficient and consistent BAU services across the 3 main HSBC regions; To partner with the Ops CCR SME on the integration of strategic requirements and implementations.
·  To build building continuous relationship and engagement with stakeholders; Counterparty Credit Risk Management VP Level; Team management experience of small to medium size teams.
·  Strong knowledge of the asset class (FX, Equity and Fixed Income); Strong knowledge of counterparty metrics and measures; Good understanding of the Counterparty Credit Risk RWA regulatory requirements
·  Self-motivated counterparty credit risk management professional who enjoys learning about financial risks, collaborating within a team and interacting with the Front Office and other stakeholders on a daily basis.
·  Knowledge of financial products and key credit risk concepts such as; CSA, Monte Carlo simulations, scenario analysis and capital are required.
·  Attention to detail, project management and prioritization skills will also be key in balancing daily deadlines with timely implementation of strategic projects; Demonstrate a proactive and a can-do attitude.
·  Excellent time management skills with the ability to handle multiple deliverables whilst maintaining excellent attention to detail.
·  Highly developed oral and written communication skills to prepare and present risk information to a variety of audiences, which includes other senior risk managers, senior Firm management, front office personnel and the Firms Regulators.
·  An excellent academic background and strongly analytical background / training garnered from previous jobs in credit risk (or fields related to credit risk).

You’ll achieve more at HSBC 

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.”

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