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 VP - Traded Risk Assurance


Principal Responsibilities:


• Support in the definition and scoping of the Market Risk Assurance function, promoting and implementing synergies and efficiencies while securing an optimal and best in class control environment.
• Challenge the first line control and risk owners to ensure that risk management activities are working effectively. This includes the following activities for Market Risk
• Provide subject matter expertise, advice, guidance, and effective challenge to the Risk and Control Owners;
• Monitor compliance of the minimum requirements applicable to the management of Market Risk, as set out in relevant policies.
• Report on the risk and control profile, including impacts of external environment changes, emerging risks and changes to the business strategy;
• Work with the business to understand the impact of emerging risks that require changes to controls, resources and business operations to ensure they remain within appetite;
• Support definition of the Risk and Control Library, including minimum control standards, with input from Risk Owners, and Control Owners, specifying key risks and key controls and providing guidance on continuous monitoring expectations.
• Recommend Risk and Control Assessment ("RCA") scoping, and challenge where this is not appropriately applied in the RCA; and challenge Risk and Control Owners on risk and control management, including inherent risk, residual risk, control effectiveness ratings, issues, actions and events.
• Work closely with Internal Audit (INA) to understand the outcomes of their reviews and how this affects the control environment.

Leadership & Teamwork


Leadership (i.e. manages people - professionals, manager of managers,


• Provides expertise in subject matter to raise the standards of the team
• Leads by example to ensure the correct behaviour is adopted.
• Demonstrates core behaviors and values.

Interpersonal Skills (i.e. collaboration and networking external / internal, external / internal negotiation required and at what levels)


• Ability to build relationships by communicating, influencing and negotiating effectively with senior managers, third party consultants, technical experts across the whole department and business users.
• Willingness to take ownership of deliverables / problems, see them through to completion and to use own initiative to resolve issues, whilst dealing with a diverse range of people and directing cross functional teams.
• Strong interpersonal skills, coupled with the ability to succeed within a matrix management structure and build and maintain relationships globally.
• Highly effective communication skills (oral, written and presentational).
• Demonstrate experience of leading with unwavering and courageous integrity to do the right thing.
• Ability to work in fast-paced environment with proven ability to handle multiple outputs at one time.
Requirements
• CA / MBA in Finance or Masters in similar and relevant field
• At least 10 years of work experience in a Big4 / Financial services firm in area of internal audit, assurance or Traded Risk management
• Good working knowledge of market risk reporting requirements and regulations, across standardised and internal model approaches
• Good understanding of various market risk reporting metrics (e.g. greeks, VaR, IRC, expected shortfall) and the calculation of them
• Practical experience of market risk management &/or control within a financial institution
• Ability to provide independent and effective review and challenge of key market risk processes including regulatory reporting
• Good understanding of assurance techniques obtained in a big 4 accounting firm or internal audit department of a financial institution
• Ability to challenge stakeholders at various level and build relationships with a diverse range of stakeholders
• Strong stakeholder management and people leadership skills
• Strong writing skills and ability to take complex requirements and document them in an easy-to-read manner
• Strong analytical, planning and organizational skills
• A thorough understanding of Market Risk and associated processes
• Ability to make connections between multiple risk and issues
• Proven track record of successful involvement with change management programs
• Excellent communication skills with experience in interacting with individuals at all levels of an organization
• Creative approach to problem solving with the ability to focus on details while maintaining the "big picture" view
• Ability to navigate in complex matrix environment with focus and execution

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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