Surveillance Business Analyst

Job description

Role Title: Surveillance Business Analyst

Business: Compliance
New or Existing Role? New
Grade: GCB4

Role Purpose
· Trade Surveillance has chosen some new software as a strategic solution for the detection of market abuse. The implementation of this software in HSBC's “Global Banking and Markets” department (investment bank) is an in-flight project with multiple phases of work with go-live dates staggered across 2020, and further expansion and enhancement beyond
· The role is for an experienced business analyst to assist in the Equities workstreams of the project, with experience in Cash products and the analysing of market risk of derivative products. Longer term, the role holder will have the opportunity to transition into becoming an asset class lead in the product team for the Strategic Trade Surveillance capability, managing the backlog and prioritisation of new surveillance requests and enhancements from the surveillance team, and work on key regulatory driven projects.

Responsibilities
· Completion of tasks assigned by the Project Manager and Workstream Lead, to agreed timescales, scope and quality measures
· Management of stakeholders and project staff, including surveillance IT teams, vendors, users, project sponsors, managers of other projects and other departments within HSBC.
· Management of workstream activities: prioritizing work activities and issues arising, arranging workshops, tracking progress, promoting collaboration, and escalating issues which cannot be addressed by the workstream staff.
· Manage all phases of project lifecycle: documentation of requirements and acceptance criteria, analysis, design, implementation, designing tests, managing test exercises, coordinating fixes, release management, go-live, user support
· Ensuring compliance with all relevant internal policies and control standards, and external regulatory requirements, including the management of operational risk and adherence to the Group's standards of ethical behaviour
· Using and adapting the HSBC Disciplined Agile methodology

Role Context
· The work of surveillance is to monitor the actions of HSBC's staff and clients, in the course of their work activities, for behaviours or actions which could abuse financial markets and breach regulations, and for evidence of fraud. Surveillance takes action to deter, detect, and manage the consequences of such illegal activity.
· The Transformation team of surveillance owns and manages the applications used for surveillance of financial transaction data, and written and audio communications data. Trade surveillance in particular focuses on various kinds of abuses of financial markets, such as front running, insider trading and spoofing. The users of these applications are the wider surveillance team, who investigate the behaviours highlighted by these systems, and take action internally and externally according to the outcomes of investigations, and manage our relationships with regulators.

Desired profile

Qualifications :

Knowledge & Experience / Qualifications

Core Skills

The role-holder will be able to demonstrate these areas of skill

·  Analytical & reasoning
·  Abstract: being able to understand a certain principle in a certain area of surveillance, market abuse and/or investment banking practice, and extend it to all equivalent areas.
·  Quantitative: taking a data-oriented approach to making and testing hypotheses, in a way which can be expanded in scope and evolved in sophistication
·  Detailed: perceiving important trends or exceptions amidst large quantities of information, having an uncompromising eye for quality, and able to set out formally the plans for and outcomes of analysis
·  Design & creation
·  Translating abstract priorities into designs for solutions which can be delivered iteratively
·  Creation of efficient and scalable processes in data gathering, data interpretation, testing, quality control and operational activity
·  Adapting designs according to new information, changing priorities, test results and cost/benefit analysis.
·  Communication & management
·  Clear and succinct in writing and in person; in order to influence stakeholders to make decisions and take action
·  Adaptable to manage staff in different locations and from different cultures, keeping the team engaged, motivated and effective
·  Structured, transparent, logical and self-organized in planning, prioritizing, coordinating and carrying out multiple tasks
·  Resilience & independence
·  Ability to respond pro-actively and constructively to set-backs and challenges; and appetite to deliver solutions at a fast pace.
·  A willingness to constructively challenge accepted wisdom, or proposals which do not meet strategic objectives, from any stakeholder

Essential Experience
·  Substantial experience with data analysis, business analysis, process design and control implementation experience in an equivalent capacity
·  Exposure to large scale implementation of technology solutions
·  Involvement in a full project lifecycle: documentation of requirements, development and implementation, test management, release planning, go-live and user-support.

Ideal Experience
·  Experience of FX and/or Fixed Income products; experience in other asset classes would be beneficial, but not essential
·  Experience in an investment banking context, including one or more of:
·  Client-facing workflow, e.g. orders, RFQ, quote streaming, distribution platforms
·  Sales-side trading and market execution, e.g. hedging of risk, order placement on market venues, interactions with brokers and counterparties, booking of trades, use of electronic algorithms for market execution
·  Trade booking, reconciliation, reporting, middle office workflow and event management
·  Post-trade derivative and cash position pricing, valuations, greeks calculation, delta risk calculation, traded risk management, VaR calculation
·  Trade surveillance and market risk monitoring
·  Financial crime detection and mitigation
·  Regulatory controls implementation
·  Capability management, or product ownership, involving technology solutions
·  Vendor relationship management

As a business operating in markets all around the world, we believe diversity brings benefits for our customers, our business and our people. This is why HSBC is committed to being an inclusive employer and encourages applications from all suitably qualified applicants irrespective of background, circumstances, age, disability, gender identity, ethnicity, religion or belief and sexual orientation.

We want everyone to be able to fulfil their potential which is why we provide a range of flexible working arrangements and family friendly policies.

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