US Head of Traded Risk Measurement, Monitoring and Control

HSBC • New York, NY

40d

About The Position

In compliance with applicable laws, HSBC is committed to employing only those who are authorized to work in the US. Applicants must be legally authorized to work in the U.S. as HSBC will not engage in immigration sponsorship for this position.
Our purpose – Opening up a world of opportunity – explains why we exist. Here at HSBC, we use our unique expertise, capabilities, breadth, and perspectives to open up new kinds of opportunity for our more than 40 million customers. We’re bringing together the people, ideas and capital that nurture progress and growth, helping to create a better world – for our customers, our people, our investors, our communities, and the planet we all share.
This role sits under Wholesale Credit and Market Risk function and is part of the Global Risk Organization.
The Traded Risk function monitors, evaluates and manages market and counterparty risks impacting across the HSBC Group. It is responsible for establishing the global 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. As outlined in the Enterprise Risk Management Framework, Traded Risk’s role as risk and control owners’ forms part of the First Line of Defense. Their role as risk stewards’ forms part of the Second Line of Defense.
As our US Head of Traded Risk Measurement, Monitoring and Control you will:
Partner with the Business to enable them to make appropriate risk/return decisions by providing an effective risk framework and capability
Support, drive and embed the Bank’s broader Risk Strategy, meet our Regulatory commitments, and protect the capital of the Bank
Adhere to an agreed set of risk policies and activities, whilst in parallel providing bespoke solutions and ad hoc responses to regulatory and stakeholder demands
Embed a Global Operating Model, supported by standardized models, processes, governance and infrastructure
Ensure consistent and transparent reporting lines, providing ownership and accountability across the Global Operating Model
Provide a challenging and dynamic environment to attract, retain and grow our talent
Empower our data providers to succeed through an effective control framework and regular engagement, to optimize performance
Establish a globally centralized Transformation capability to deliver robust risk solutions that meet both our internal and regulatory requirements
You´ll likely have the following qualifications to succeed in this role:
University graduate (master’s degree) in finance, computer science or any other quantitative related degrees
Proven experience in Traded risk
Experienced leader managing a team
Experience of related banking areas, e.g. Product Control, Front Office
Experience working in a risk control/reporting team
Experience in sponsoring projects/initiatives
Extensive knowledge of financial markets, trading business, market and counterparty credit risk
Up to date with current market/economic trends and an understanding of the changing regulatory landscape
Knowledge of Microsoft Office
Ability in being flexible and working with stakeholders across multiple locations in a high pressure, time critical environment
Excellent interpersonal and leadership skills
Strong attention to detail and problem-solving skills
Excellent presentation skills to brief senior management on topics and summarize key information
Desirable knowledge of software development tools (VBA, Python, etc)
As an HSBC employee, you will have access to tailored professional development opportunities to ensure you have the right skills for today and tomorrow. We offer a competitive pay and benefits package including a robust Wellness Hub, all in a welcoming and inclusive work environment. You will be empowered to drive HSBC’s engagement with the communities we serve through an industry-leading volunteerism policy, a generous matching gift program, and a comprehensive program of immersive Sustainability and Climate Change Initiatives. You’ll want to join our Employee Resource Groups as they play a central part in life at HSBC, including the development of our employees and networking inside and outside of HSBC. We value difference. We succeed together. We take responsibility. We get it done. And we want you to help us build the bank of the future!
Your final fixed pay offer will depend on the candidate and several variables, including but not limited to, role responsibilities, skill set, depth of experience and education, licensing/certification requirements, internal relativity, and specific work location.
All qualified applicants will receive consideration for employment without regard to age, ancestry, color, race, national origin, ethnicity, disability or medical condition, genetic information, military or veteran service, religion, creed, sex, gender, pregnancy, childbirth, caregiver status, marital status, citizenship or immigration status, sexual orientation, gender identity or expression or any other trait protected by applicable law.

Requirements

• University graduate (master’s degree) in finance, computer science or any other quantitative related degrees
• Proven experience in Traded risk
• Experienced leader managing a team
• Experience of related banking areas, e.g. Product Control, Front Office
• Experience working in a risk control/reporting team
• Experience in sponsoring projects/initiatives
• Extensive knowledge of financial markets, trading business, market and counterparty credit risk
• Up to date with current market/economic trends and an understanding of the changing regulatory landscape
• Knowledge of Microsoft Office
• Ability in being flexible and working with stakeholders across multiple locations in a high pressure, time critical environment
• Excellent interpersonal and leadership skills
• Strong attention to detail and problem-solving skills
• Excellent presentation skills to brief senior management on topics and summarize key information

Nice To Haves

• Desirable knowledge of software development tools (VBA, Python, etc)

Responsibilities

• Partner with the Business to enable them to make appropriate risk/return decisions by providing an effective risk framework and capability
• Support, drive and embed the Bank’s broader Risk Strategy, meet our Regulatory commitments, and protect the capital of the Bank
• Adhere to an agreed set of risk policies and activities, whilst in parallel providing bespoke solutions and ad hoc responses to regulatory and stakeholder demands
• Embed a Global Operating Model, supported by standardized models, processes, governance and infrastructure
• Ensure consistent and transparent reporting lines, providing ownership and accountability across the Global Operating Model
• Provide a challenging and dynamic environment to attract, retain and grow our talent
• Empower our data providers to succeed through an effective control framework and regular engagement, to optimize performance
• Establish a globally centralized Transformation capability to deliver robust risk solutions that meet both our internal and regulatory requirements

Benefits

• As an HSBC employee, you will have access to tailored professional development opportunities to ensure you have the right skills for today and tomorrow.
• We offer a competitive pay and benefits package including a robust Wellness Hub, all in a welcoming and inclusive work environment.
• You will be empowered to drive HSBC’s engagement with the communities we serve through an industry-leading volunteerism policy, a generous matching gift program, and a comprehensive program of immersive Sustainability and Climate Change Initiatives.
• You’ll want to join our Employee Resource Groups as they play a central part in life at HSBC, including the development of our employees and networking inside and outside of HSBC.

What This Job Offers

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