Manager - Traded Risk Assurance (MR)

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HSBC is one of the largest banking and financial services organisations in the world, with operations in 64 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 Manager - Traded Risk Assurance 

• The role supports establishing the Assurance activities within Traded Risk, which covers market and counterparty credit risk, by delivering control assurance per the annual indicative assurance plan.
• This role will provide execution support for the roll out of a control assurance framework for financial risk or regulatory reporting risk related processes within Traded Risk. This will require coordination with business and functional stakeholders at Group and regional levels and the role holder will support the Head of Assurance by executing these activities once in a business-as-usual state.
• This role will also support the thematic review and closure of risks and issues relating to Market or Counterparty Credit Risk arising from Management Self-Identified issues, regulatory requirements, Compliance, Assurance, Internal Audit, and External Audit and ensuring that these matters are well understood by senior management and addressed on a globally consistent basis.
• Support in the definition and scoping of the Traded Risk Assurance function and its ways of working, promoting and implementing synergies and efficiencies while securing an optimal and best in class control environment.
• Work with risk stewards to review and challenge the first line (1LoD) control and risk owners by conducting reviews on their financial risk or regulatory reporting risk related processes. to ensure that risk management activities are working effectively.
• Monitor compliance of the minimum requirements applicable to the management of Traded 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.

To be successful you will:

• CA / MBA in Finance or Masters in similar and relevant field.
• At least 5 years of work experience in a Financial Services firm in internal audit, assurance, regulatory capital reporting or traded risk.
• Good understanding of concepts or working knowledge of market or counterparty credit risk reporting requirements and regulations, across standardised and internal model approaches
• Good understanding of market or counterparty credit risk reporting metrics (e.g. greeks, VaR, EAD, PFE, EE, EPE, EEPE) and the calculation of them
• Practical experience of market or counterparty credit risk management &/or control within a financial institution
• Good understanding of assurance techniques obtained in a big 4 accounting firm or internal audit department of a financial institution
• Excellent stakeholder management and 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 and identifying connections between multiple risk and issues

You’ll achieve more at HSBC

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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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