Traded Risk Manager

1 week ago

Toronto, Ontario, Canada HSBC Full time
Opening up a world of opportunity.


We're a financial services organization serving more than 39 million customers across the globe through our Wealth & Personal Banking, Commercial Banking and Global Banking & Markets businesses.


We're here to use our unique expertise, capabilities, breadth and perspectives to open up a world of new opportunities for our customers, our people and our communities.

About Global Functions


HSBC's Global Functions play a vital role in supporting the bank's Global Businesses and offer a broad range of career opportunities in areas from Legal, Risk and Finance to Human Resources, Sustainability and Communications.

Our operational and functional teams around the world help HSBC's Global Businesses to operate efficiently and effectively on a day-to-day basis.

They also focus on controls and governance to reduce risk and protect the Group's reputations.

Global Risk is a thriving and expert risk management function supporting HSBC globally with all aspects of risk management.

The team actively manages a varied and dynamic range of risk types, including security, fraud, information security, operational, credit, pension, insurance, compliance, regulatory, market, reputation and geopolitical risks.

This role resides under the Traded Risk function, and is part of the Group Risk Organisation. Traded Risk function monitors, evaluates and manages market and counterparty risks impacting across HSBC.

It is responsible for establishing the risk management framework for Traded Risk, and plays a key role in ensuring that the Bank is compliant with current and future regulatory requirements relating to Traded Risks and their capitalization.

The team performs oversight and analysis of HSBC's counterparty and market risk and owns policies for these risks.


In this role the risk manager will be responsible for identification of key markets related risk issues for Canada activity setting risk limits, reviewing new products, assisting with key regulatory initiatives, managing the development of key risk system infrastructure and communication/elevation of key issues in order to maintain risk management of the highest possible standards.


Responsibilities:

  • Provision of counterparty risk management information to senior management as necessary to enable decision making with regards to positions
  • Provide management with expert advice on risk related regulatory charges and controls
  • Implementation of systems strategy to ensure that the risk function is able to effectively and efficiently perform its core functions.
  • Reviewing new products and structures to identify all material market risks and ensuring effective controls surround these to ensure appropriate risk management occurs during their life cycle
  • Development of stress testing scenarios, reverse stress testing and the stress testing platform
  • Oversight of the risk monitoring processes with respect to market conditions, regardless of whether close or in excess of limits, and escalation of any identified inappropriate activity to senior management.
  • Front Office (trading and quant desk)
  • Senior Risk Manager
  • Global Risk Analytics Team
  • Markets IMR (Independent model review)
  • FO IT (Front office Information Technology) and Risk IT
  • Regulatory Finance
  • Product Control
  • Provide strong leadership and management
  • Work effectively with the other risk management teams locally and globally
  • Build relationships with all customers & stakeholders, key support functions and senior managers
  • Add value to trading operations by protecting shareholder value through a balanced approach to commercial market risk management visàvis a strict monitoring and limit based framework
  • Manage key risk methodology, systems and processes strategy to ensure effective tools are in place to support high standard of risk management
  • Development of efficient and streamlined risk processes in conjunction with the control team
  • Track and contribute to FO (Front office) system strategy
Requirements

  • Strong quantitative and/or business related university qualification
  • Solid experience in Counterparty Risk Management
  • Outstanding in depth knowledge of Rates and/or Credit markets and products,
  • Outstanding communication and interpersonal skills
  • Strong quantitative skills i.e. derivative pricing, market data analysis
  • Strong technical skills (VBA, SQL, Python etc)
  • Fixed Income markets savvy
  • Ability to understand and interpret complex business requirements
  • Ability to prioritize competing demands
  • Negotiation and conflict resolution capacity
HSBC Proud

HSBC is 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.

If this is not the ideal role for you, we invite you to sign up here to our Talent Community so we ca

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