Job description

Some careers have more impact than others.

If you’re looking for a career where you can make a real impression, join HSBC and discover how valued you’ll be.

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, contingency, geopolitical, operational, credit, pension, insurance, financial crime and regulatory compliance, market and reputation risks. All parts of the Global Risk team use their skills, insight and integrity to handle established threats and those they see emerging, acting to protect and enable HSBC to deliver sustainable growth.

We are currently seeking an ambitious individual to join our team as a Credit Valuation Adjustment (CVA) Regulatory Subject Matter Expert (SME), working together with colleagues to define, manage and achieve divisional business targets.

Role Purpose

The Credit Valuation Adjustment (CVA) Regulatory Subject Matter Expert (SME) will form part of the Financial and Model Risk Regulatory Policy and Engagement team. The role will be expected to work closely with the CVA regulatory lead and provide support on the various initiative related to the CVA regulatory book of work, including regulatory policy interpretations, response to consultations as well as SA application.

The role will be assisting the team on the preparation of the various regulatory approval packs and documentation and will also be assisting the team on the various upstream regulatory developments to communicate policy guidance to stakeholders. This will consist of coordinating consultation responses either on behalf of HSBC directly or via industry bodies. 

In this role, you will:

• Provide guidance and opine on regulatory policy
• Prepare consultation responses and, where relevant, submissions to regulators
• Draft policy interpretations and opinions
• Prepare regulatory submissions to the regulator
• Work together with business authorities from the Traded Risk teams and stakeholders to develop appropriate regulatory opinions and policy solutions
• Provide leadership to regions on providing regulatory guidance and policy opinions, including clear communication of the latest external regulatory developments to stakeholders from Front Office, Management Self Service (MSS), etc. 
• Work with regional policy leads and Group Traded Risk teams to develop and communicate solutions to address rule changes or answers to specific policy questions and / or regulatory requirements

Requirements

To be successful in the role, you should meet the following requirements:

• Educated to a degree level or equivalent and, and it would be desirable for them to hold a relevant professional qualification (FRM, CFA)
• Experience in general or wholesale banking including Commercial Banking, Global Banking and Markets or Wholesale Credit
• Good knowledge of the regulatory landscape particularly relating to the Fundamental Review of the Trading Book or previous experience in a Regulatory Capital policy function
• Relevant working experience in a bank, rating agency, consultancy or advisory firm would be considered
• Experience of dealing with regulators is preferable
• Some understanding of statistics and concepts of the risk modelling process would be advantageous
• Ability to lead and successfully deliver within the agreed time scale, in liaison with all relevant stakeholders: model owners, business, finance, senior management and regulator
• Strong written and verbal communication skills

You’ll achieve more when you join HSBC. 

https://mycareer.hsbc.com/external

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. Personal data held by the Bank relating to employment applications will be used in accordance with our Privacy Statement, which is available on our website.

Issued by The Hongkong and Shanghai Banking Corporation Limited.

As a business operating in markets all around the world, we believe diversity brings benefits for our customers, our business and our people. This is why HSBC is committed to being an inclusive employer and encourages applications from all suitably qualified applicants irrespective of ethnicity, religion, age, physical or mental disability/long term health condition, marital status, sexual orientation, gender identity, gender expression, genetic information (including characteristics and testing), military and veteran status, and any other characteristic protected by local law in the jurisdictions in which we operate. Within the work place you will have access to various employee resource groups which aim to promote and achieve a healthy work / life balance and support our diversity ambitions. HSBC has in place processes in order to avoid nepotism, which means to avoid creating circumstances in which the appearance or possibility of conflicts of interest may exist within the hiring process.