Global Traded Risk Control - Aggregation Analyst

Employer
HSBC
Location
London, United Kingdom
Salary
Negotiable
Posted
Nov 13, 2020
Closes
Dec 13, 2020
Ref
8995260
Job Function
Risk Management
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
The Traded Risk function monitors, evaluates and manages market and counterparty risks impacting across the HSBC Group. It is responsible for establishing the global risk management framework for Traded Risk, and plays a key role in ensuring that the Bank is compliant with current and future regulatory requirements relating to Traded Risks and their capitalisation. As outlined in the Enterprise Risk Management Framework, Traded Risk's role as risk and control owners forms part of the First Line of Defence.

The Traded Risk function monitors, evaluates and manages market and counterparty risks impacting across the HSBC Group. It is responsible for establishing the global risk management framework for Traded Risk, and plays a key role in ensuring that the Bank is compliant with current and future regulatory requirements relating to Traded Risks and their capitalisation. As outlined in the Enterprise Risk Management Framework, Traded Risk's role as risk and control owners forms part of the First Line of Defence. Their role as risk stewards forms part of the Second Line of Defence.

Traded Risk is committed to establishing innovative and globally standardised risk solutions to service our stakeholders. This is underpinned by a set of core principles:

  1. Partner with the Business to enable them to make appropriate risk/return decisions by providing an effective risk framework and capability
  2. Support, drive and embed the Bank's broader Risk Strategy, meet our Regulatory commitments, and protect the capital of the Bank
  3. Adhere to an agreed set of risk policies and activities, whilst in parallel providing bespoke solutions and ad hoc responses to regulatory and stakeholder demands
  4. Embed a Global Operating Model, supported by standardised models, processes, governance and infrastructure
  5. Ensure consistent and transparent reporting lines, providing ownership and accountability across the Global Operating Model
  6. Provide a challenging and dynamic environment to attract, retain and grow our talent
  7. Empower our data providers to succeed through an effective control framework and regular engagement, to optimise performance
  8. Establish a globally centralised Transformation capability to deliver robust risk solutions that meet both our internal and regulatory requirements


The Traded Risk Analyst is a results-driven individual with a deep understanding of risk data, process, analysis and systems who aspires to innovate, improve and embed solutions that enable effective risk management in market and/or traded credit risk.

Traded Risk Process: Aggregation Analyst Responsibilities (includes some or all of the following)

• Optimises the control framework of the market risk function

• Acts as a subject matter expert within the team for both onshore and offshore colleagues

• Leads the team through the implementation of new MI for BAU requirements

• Ensures efficiency and accuracy of reporting for market risk managers and the Front Office

• Performs consolidated risk reporting and analysis of risk measures (sVaR, VaR, RNIV, etc) at a group level for internal and external use

• Creates consolidated management committee packs

• Identifies and escalates issues to Risk Management through review and validation of risk data, controls and reporting

• Drives processes and provides analytic capability and support to the market risk managers

• Supports internal initiatives to deal with regulatory challenges

• Supports the change delivery of risk systems at a global level across a project's lifecycle including providing requirement, assisting development and UAT testing

• Develops and implements new reports to improve risk visibility

• Acts as a subject matter expert with respect to market risk processes and creates DIMs where appropriate

• Acts as a business partner to improve existing IT risk infrastructure

• Ensures alignment of function with Global Operating Model

Essential
    • University graduate in finance, computer science or any other quantitative related degrees
    • Experience working in a risk control/reporting team
    • Experienced leader managing a team (onshore and offshore)
    • Experience in dealing with many stakeholders across sites and managing expectations
    • Experience with analytical reporting, e.g. explanation of a transformation by decomposition
    • Detailed knowledge of financial markets, trading business, market risk measures
    • Detailed knowledge of risk calculations, systems, VaR Backtesting, IRC, Volcker, RWA reporting and regulatory framework
  • Understanding of key risk factors for products, risk sensitivities and how they are measured
    • Expert in Microsoft Office
    • Ability to deliver change to enhance processes and procedures
    • Excellent interpersonal and business analysis skills
    • Excellent analytical and problem solving skills
    • Excellent presentation skills to brief senior management on topics and summarise key information
    • Desirable
  • CFA or FRM qualification
  • Experience in related banking area, e.g. Product Control, Front Office
  • Up to date with current market/economic issues and an understanding of the changing regulatory landscape
  • Knowledge of software development tools (VBA, Python, etc)

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