FRTB Regulatory SME

The individual will be assisting the team on the preparation of the various regulatory approval packs and documentation and will also be assisting the team on the various upstream regulatory developments to communicate policy guidance to stakeholders. This will consist of coordinating consultation responses either on behalf of HSBC directly or via industry bodies.

Key Accountabilities

Impact on Business

• Provide guidance and opine on regulatory policy.
• Preparation of consultation responses and, where relevant, submissions to regulators.

• Drafting policy interpretations and opinions.

• Prepare regulatory submissions to the regulator.

Customers / Stakeholders

• Global and regional Market Risk Functions, Traded Risk Senior management team, GRA Regional Heads and regional Policy leads.
• Finance - Group Regulatory Policy and Regulatory Reporting teams.
• Regulatory bodies - in particular the Prudential Regulatory Authority supervisory and modelling teams.

Leadership & Teamwork

• Work together with business experts from the Traded Risk teams and stakeholders to develop appropriate regulatory opinions and policy solutions.
• Provide leadership to regions on providing regulatory guidance and policy opinions, including clear communication of the latest external regulatory developments to stakeholders from Front Office, MSS, etc.
• The role holder will be expected to work with regional policy leads and Group Traded Risk teams to develop and communicate solutions to address rule changes or answers to specific policy questions and/or regulatory requirements.

Financial and Model Risk Regulatory Policy and Engagement team is responsible for the provision of guidance on regulatory risk matters, regulatory policy interpretation and industry engagement. The team covers Wholesale Risk, Market Risk, Treasury Risk Management, Pensions, Global Risk Analytics and Model Risk Management. The role is located in Global Risk Analytics, Capital, Liquidity and Finance Risk and has a global reach. The jobholder is required to provide regulatory analysis and advice to be implemented across the Group and will be expected to work in a global team context.

• Qualifications

• Educated to university degree level or equivalent and, and it would be desirable for them to hold a relevant professional qualification (FRM, CFA)
• Experience
• Experience in general or wholesale banking including Commercial Banking, Global Banking & Markets or Wholesale Credit
• Good knowledge of the regulatory landscape particularly relating to the Fundamental Review of the Trading Book or previous experience in a Regulatory Capital policy function
• Relevant working experience in a bank, rating agency, consultancy or advisory firm would be considered
• Experience of dealing with regulators is preferable
• Some understanding of statistics and concepts of the risk modelling process would be advantageous

• Skills

• Ability to lead, manage and successfully deliver within the agreed time scale, in liaison with all relevant stakeholders: model owners, business, finance, senior management and regulator
• Strong written and verbal communication skills
• Deliver high quality work within timelines
• Flexibility to work with colleagues and key stakeholders in an international team