HSBC Hiring for Operational Counterparty Credit Risk (CCR) Manager, Associate Director Job at Bangalore Full Time

The health and safety of our employees and candidates is very important to us. Due to the current situation related to the Novel Coronavirus (2019-nCoV), we’re leveraging our digital capabilities to ensure we can continue to recruit top talent at the HSBC Group. As your application progresses, you may be asked to use one of our digital tools to help you through your recruitment journey. If so, one of our Resourcing colleagues will explain how our video-interviewing technology will be used throughout the recruitment process and will be on hand to answer any questions you might have.

Some careers shine brighter than others.

If you’re looking for a career that will help you stand out, join HSBC and fulfil your potential. Whether you want a career that could take you to the top, or simply take you in an exciting new direction, HSBC offers opportunities, support and rewards that will take you further.

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.

Why join us?

The Operational CCR Manager is expected to manage the teams across 3 regional HSBC locations, locate in Manilla and Bangalore.

The Operational CCR Manager will also be overlooking the counterparty credit risk controls required:

• To satisfy the PRA, EBC, OCC, HKMA and other regulatory requirements on credit risk data.
• To support the efficiency of IMM and non-IMM control requirements.
• To deliver on a proficient and consistent BAU services across the 3 main HSBC regions.
• To partner with the Ops CCR SME on the integration of strategic requirements and implementations.

To build building continuous relationship and engagement with stakeholders.

The Opportunity:

What you’ll do: (List out Key Responsibilities):

Principal Accountabilities: Key activities and decision making areas

• Revieiwing & understanding the regulatory framework on counterparty credit risk.
• Working with all stakeholders in the integration of strategic architecture in the run-the-bank services.
• Reviewing and attesting all Desk Instructions Manuals (DIM).
• Provide direct admin support to the regional teams.
• Engage with CCR SME to actively review and manage the team book of work.
• Monitor all the NFR book of work items.
• And embed the MSS Ops strategy in the teams ways of working.

Typical Targets and Measures

• Completeness
• Quality Assurance
• Timeliness
• Proactive

Customers / Stakeholders

• Traded Risk (Counterparty Credit Risk Managers & Change/IT)
• Collateral & Risk
• Front Office (Relationship managers & Sales).
• GRA (Group Risk Analytics)
• Regulatory Reporting Teams

Typical Targets and Measures

• Completeness
• Quality Assurance
• Timeliness
• Proactive

Operational Effectiveness & Control

• Ensure that deadline set for Collateral & Risk are delivered in a timely manner
• Ensure completeness & accuracy of submitted data
• Assist in the development of strategic tools
• Perform a thourough review of the final data expected to be submitted by Collateral & Risk to downstream users (e.g. Collateral Management Team).

Typical Targets and Measures

• Completeness
• Quality Assurance
• Timeliness
• Proactive

Leadership & Teamwork

• Coordinating daily reporting
• Liaising with all stakeholders
• Ensuring completeness and quality assurance
• Working on deliverying a high standard Collateral & Risk framework

Typical Targets and Measures

• Completeness
• Quality Assurance
• Timeliness
• Proactive

Major Challenges (The challenges inherent in the role that require a continual test of the role holder’s abilities

• Regulation: Adhering to IMM controls and RWA impacts driven by Counterparty Credit Risk data set.
• Expertise: In Counterparty Credit Risk Measures, Metrics and Regulaions.
• On-going risk management: Depending on business needs, support the production of group CCR results for internal risk management purpose.
• Limit Monitoring: Actively manage the limit monitoring framework within the Ops CCR remit.

Role Context:

• As described in introduction, this role sits in Markets Security Services Operations, with extensive responsibilily of providing Counterparty Credit Risk controls within the Collateral & Risk function.
• This position has also a significant exposure throughout the Group. With expected coordination with various HSBC functions, namely (Collateral & Risk, Product Control, Traded Risk Management, Operations, Compliance, Risk Analytics & Front Office).

What you will need to succeed in the role:

• Counterparty Credit Risk Management VP Level
• Team management experience of small to medium size teams.
• Strong knowledge of the asset class (FX, Equity and Fixed Income).
• Strong knowledge of counterparty metrics and measures
• Good understanding of the Counterparty Credit Risk RWA regulatory requirements
• Self-motivated counterparty credit risk management professional who enjoys learning about financial risks, collaborating within a team and interacting with the Front Office and other stakeholders on a daily basis.
• Knowledge of financial products and key credit risk concepts such as; CSA, Monte Carlo simulations, scenario analysis and capital are required.
• Candidates must demonstrate diligence as well as strong investigative skills.
• Attention to detail, project management and prioritization skills will also be key in balancing daily deadlines with timely implementation of strategic projects.
• Demonstrate a proactive and a can-do attitude.
• Excellent time management skills with the ability to handle multiple deliverables whilst maintaining excellent attention to detail.
• Highly developed oral and written communication skills to prepare and present risk information to a variety of audiences, which includes other senior risk managers, senior Firm management, front office personnel and the Firms Regulators.
• An excellent academic background and strongly analytical background / training garnered from previous jobs in credit risk (or fields related to credit risk).

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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***Issued By HSBC Electronic Data Processing (India) Private LTD***