Vice President, Prime Risk

HSBC Global Services Limited • New York, NY

1d

About The Position

Provide “first line of defense” risk management for the Prime Finance, Foreign Exchange (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, negotiating strong risk terms in legal documentation with clients including term financing arrangements, setting appropriate client-facing limits, and proactively monitoring the risk within the portfolio. The role holder will have principal 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.

Requirements

• A Markets background and an understanding of how to measure and manage the market risk of derivatives contracts across all asset classes
• A good understanding of counterparty risk; experience with hedge funds in particular would be an asset
• Familiarity with the bank’s risk (credit and/or market risk) and trading systems would be a strong advantage
• Strong communication skills and the ability to manage relationships effectively with a range of different stakeholders
• The ability to manage time and balance multiple priorities effectively
• SIE, Series 7 required

Responsibilities

• Manage the exposure of the bank to its clients through setting appropriate margining and risk limits for clients
• Help the business develop products/solutions that are both sound from a risk management perspective and attractive to clients
• Engage with clients to agree risk/margining terms that balance the needs of the client with those of HSBC
• Keep management aware of key risks within the hedge fund portfolio and help to define an understanding of the appetite for these risks
• Find right balance between business risk appetite, firm risk appetite and client needs. This will require constant engagement/calibration with management and stakeholders and draw on the role holder’s risk knowledge as well as stakeholder management and influencing skills
• Risk decisions need to consider the severity of losses that could occur but balance these against the likelihood of them occurring
• Make independent decisions with respect to risk management / margining and escalate to senior management within guidelines or when appropriate
• 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
• Proactively 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

Benefits

• tailored professional development opportunities
• competitive pay and benefits package
• robust Wellness Hub
• welcoming and inclusive work environment
• industry-leading volunteerism policy
• generous matching gift program
• comprehensive program of immersive Sustainability and Climate Change Initiatives
• Employee Resource Groups

What This Job Offers

• Job Type: Full-time
• Career Level: Manager
• Education Level: No Education Listed