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Senior BA/PM

Talent Solution TAPFIN
Bexley, United Kingdom
£600 - £710 per day
Closing date
Apr 1, 2023

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Job Function
Industry Sector
Finance - General
Employment Type
Full Time
Traded Risk Transformation teams are responsible for the delivery of end-to-end projects across market risk. A Senior Project Manager & Business Analyst are at the centre of how Global Transformation shapes, delivers and embeds change working with the business and our delivery partners.
Primarily, will be responsible for managing and executing of end to end delivery prioritised in 2023 and support the Requirements Management, Design, Change Management and Implementation Management activities during project delivery. Act as experts across multiple projects and programmes simultaneously, guiding the various
teams through the various phases.
Alongside project delivery responsibilities, work closely with Program Management and Sponsor, Market Risk Management and Analyst to utilise resource effectively and meets the needs of upcoming project demand.
The initial assignment for this role will on a Libor Transition Program where the role holder will focus on Global requirements and delivery of the strategic infrastructure and new operating model. This will require the role holder to work on time series data and Market Risk shocks and scenarios for VaR and some Stress Testing.

Project Goals
Discounting: Adoption of RFR discounting across products and PTS in anticipation of USD IBOR cessation in 2023
Support Transition: CCP , Bilateral, Transfer Pricing, Internals, Fallback of USD products.
Support Change the reference curve to align with market standards in preparation of cessation events
FRTB Externalisation Asia Site Discounting & Externalization & Fallback for Summit native sites
Adopt the discounting and transition to strategic architecture
Support Regulatory submissions for all discounting deliverable PRA, HKMA, ECB and local regulators across products and PTS (TREATS, XFOS/XARA,, Polypaths, GFX, Summit native sites) and preparation for USD cessation in 2023.
Externalization of risk for Asia Sites, EM Rates and Mexico and enhance the risk management of Market and Counterparty Risk framework
Replacement Product Rollout: Extend the products capabilities for RFR linear & non linear products

Role Purpose
To provide business analysis skills to document the business deliverables for Traded Risk.
To have knowledge of credit risk measures such as RWA, PFE, IMM, CVA VAR etc
To work independently without too much supervision or guidance from PM / Senior BAs in the global teams
The role will involve working with a Global Risk Transformation Credit Risk Engines team, and the candidate should have knowledge of all asset classes including rates, fx, credit and equities products.
To work under Agile project framework and use of ALM JIRA software for writing Epics/stories
To support End to End Test execution and demonstrate proficiency in software testing, stakeholder management
To write test cases, test defect management, good documentation standards under Agile with test evidence and audited sign offs.
To support project management responsibilities from time to time in the preparation of project status reports, identifying
risks and issues, helping to prepare monthly reporting packs.
To investigate business queries / problems in relation to trade / static data feeds.

Essential Skill Requirements
• 10+ years in Investment Banking, Program Management and Business analysis.
• To work independently without too much supervision or guidance from PM / Senior BAs in the global teams
• Experience with large regulatory program IBOR, BASEL III, FRTB or implementation of equivalent regulations
• Experience of managing deliverable across multi market and counterparty risk components / functions program
• Confidence in communication internally at all levels; candidate will be dealing with Front Office, Middle office, Traded Risk management, Product Control, Quants and Technology teams on a daily basis who are both business and technically sophisticated.
• Domain knowledge in both Market Risk and Counterparty Risk and asset classes and their implications in terms of market risk & traded counterparty risk. Specifically looking for experience/exposure in IR /FX / EQ and/or Credit asset classes
• Project Manager and Business Analyst Experience
o Good knowledge and experience of traded risk management gained through project implementation or systems development in an IT or change delivery function.
o Strong problem solving skills, data analysis, basic knowledge of database query and Hands on experience of software and systems testing
o Proven and demonstrable track record in risk business analysis and project delivery under Agile method
o Strong problem solving skills, data analysis, use of MS Office, Visio and basic knowledge of SQL.
o Hands on experience of software and systems testing.
o Attention to details and investigative skills
o Understanding of core project management activities and process, defined under PMI and Prince.
o MS project and PMO tools such as Open Work Bench or similar tools for project management support,
o planning, risks and issues tracking.
o Excellent written, verbal and presentation communication skills including extensive experience of
o interaction with senior management
o Experience in working with senior stakeholders and presenting complex scenarios using visualisation tools to support decision making.
o Release and UAT experience

• Market Risk Domain knowledge
o Understanding of market risk management (sensitivities, VAR, stress testing, ..)
o Knowledge of asset classes and their implications in terms of market risk. Specifically looking for
o experience/exposure in IR /FX / EQ and/or Credit asset classes.
o Asset classes and their implications in terms of market risk.
o Very strong understanding of market risk measures used for risk management.
o Strong business analysis experience in Market risk context
o Exposure to market risk reporting platforms and to risk engines
o Asset Control or equivalent Market Data tool
o Experience of querying aggregation CUBES of very large volumes of market risk measures across multiple dimension
• Counterparty Risk Domain knowledge
o Counterparty credit risk and collateral Management practices including understanding of simulation,
o pricing, aggregation and understanding of ISDA documentation
o Understanding of those factors affecting credit risk management, its systems, processes and functions.
§ Credit Risk measures (e.g PD/LGD/EEPE/EE/OEM/CEM). & calculation methodology (e.g.
§ Markets infrastructure, including trading systems and deal flows globally;
§ End to end processes relating to trade booking, risk, Finance and Product Control;
§ Trade events and how they affect credit risk;
§ Credit Risk business processes

Educational Requirements
o The candidate will be ideally educated to degree level in a numerate subject.
o Degree in Business Information Systems or a related field
o Degree in business administration / management / economics, engineering and science
o Knowledge of accounting and finance
o Excellent English communication skills (verbal and written) - the ability to communicate efficiently at a global level is paramount
o Certified Business Analysis Professional (CBAP) - Optional
o Lean Six Sigma Black Belt - Optional

o IBOR, BASEL III, FRTB regulation or has worked on implementation of equivalent regulations
o Regulatory framework for Central Clearing Counterparties, BCBS Margining requirement on unclear derivatives and Risk Based Margining
o Expert knowledge of Global Transformation Business Transformation Frameworks, methodologies and best practice techniques
o A thorough understanding of the purpose, values, culture and fundamentals of Global Transformation
o Understanding of HSBC Group structures, processes and objectives
o Very strong knowledge of the external environment - regulatory, political, competitors etc.
o Business re-engineering knowledge
o Advanced Business analysis, requirements gathering and design techniques
o Advanced Change management and implementation management techniques and approaches

o Decision Making
o Achieving Excellence
o Delivery at Pace
o Collaboration
o Impactful communication
o Commerciality
o Business Analysis & Design
o Business Case and Benefits Realisation
o Change and Implementation Management
o Process Re-engineering
o Planning and Plan Management
o Stakeholder Management
o Problem Solving and Critical Thinking

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