Analyst, Prime Risk

HSBC Global Services Limited • New York, NY

3d • Onsite

About The Position

Provide “first line of defense” risk management for the Prime Finance, FX Prime Services and Derivatives Clearing Services (DCS) businesses. The role holder will fulfil these responsibilities through setting appropriate margin levels, controlling the amount of leverage/financing provided and proactively monitoring the risk within the portfolio. The role holder will have responsibility for ensuring that the business’s risk stays within the Prime / FX Prime / DCS market risk mandates and applicable credit limits.
The role holder will also contribute to the development of margining and in-business risk management approaches for new products and initiatives undertaken by these businesses, particularly as they relate to US clients but also globally where appropriate. The role holder will be responsible for the design, development, validation and documentation of risk management and margining models, working in conjunction with Prime Finance business staff. The role holder will ensure that the models used by the business are developed in line with the bank policies and will support the independent model review process.

Requirements

• Advanced degree in Math, Science or Engineering to manipulate and analyse complex datasets in order to support decision-making.
• Problem-solving mindset with strong technical skills (proficiency in programming languages like Python is a plus)
• Strong communication skills and be able to manage relationships effectively with a range of different stakeholders.
• Ability to manage time and balance multiple priorities effectively
• FINRA registration: SIE, Series 7

Nice To Haves

• A good understanding of global markets, counterparty and market risk measurement, and the hedge funds industry in particular would be an asset.
• Familiarity the banks risk (credit and/or market risk) and trading systems would present a strong advantage.

Responsibilities

• Manage the exposure of the bank to its clients through setting appropriate margin and risk limits for clients
• Help the business to identify and understand key risks in its client portfolio through proactive risk analysis
• Make recommendations for risk mitigation where risk exceeds appetite
• Help the business develop products/solutions that are both sound from a risk management perspective and attractive to clients
• Keep management aware of key risks within the hedge fund portfolio and help to define an understanding of the appetite for these risks
• Engage closely with Traded Risk / Credit Risk / Hedge Fund DD team / RMs to ensure that solutions put in place are within the risk appetite of the bank
• Contribute to success of the business and the Prime Risk team at both the regional and global level by supporting colleagues and managing global issues on a follow-the-sun basis
• Work closely with colleagues in Markets and 2nd line of defense functions
• Reduce manual processes used for margining and risk management to control operational risk
• Implement and operate robust risk control framework
• Ensure that business stays within market risk mandate
• Manage priorities effectively with stakeholders and within the regional team
• Manage day-to-day activities and medium/long term project to develop/enhance the infrastructure
• Be responsible for business risk management with respect of hedge fund clients within Global Markets
• Operate within trading mandates and permitted instruments lists given to these businesses by Traded Risk and limits set by Credit against the business’s clients
• Manage exceptions to policy, working with the management of the business, heads of trading and the independent risk function. The role holder will work with these same stakeholders on change initiatives and must help ensure that impacts of these initiatives are well understood and mitigated appropriately
• Ensure the fair treatment of our customers is at the heart of everything we do, both personally and as an organisation. The jobholder will also continually reassess the operational risks associated with the role and inherent in the business, taking account of changing economic or market conditions, legal and regulatory requirements, operating procedures and practices, management restructurings, and the impact of new technology. This will be achieved by ensuring all actions take account of the likelihood of operational risk occurring. Also, by addressing any areas of concern in conjunction with entity management and/or the appropriate department
• Maintain HSBC internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators
• Comply with all conduct and Global Standards policies applicable to front office staff and escalate appropriately to management and compliance

Benefits

• Tailored professional development opportunities
• Competitive pay and benefits package
• Robust Wellness Hub
• Welcoming and inclusive work environment
• Employee Resource Groups
• Industry-leading volunteerism policy
• Generous matching gift program
• Comprehensive program of immersive Sustainability and Climate Change Initiatives

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level