Job description

Role Title: FRTB Project Manager

Business: Risk

New or Existing Role: Replacement

Grade: GCB4

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 FRTB Project Manager, working together with colleagues to define, manage and achieve divisional business targets.

Role Purpose

The Traded Risk Transformation team is responsible for rollout of FRTB requirements through the successful implementation of strategic applications as well as BAU project activities to ensure the highest level of data quality and integrity for Risk Management and to comply with Regulatory commitments.

The role holder will primarily act as one of the leads across the FRTB planning and execution agenda for TR, and is set to replace a current GCB4 leaver.

In this role, you will:

• Support the planning and implementation of FRTB agenda for TR
• Provide efficiency improvement of existing fragmented and manual systems
• Provide global consistency and improved control framework

Requirements

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

• Knowledge of Basel 3 FRTB requirements is desirable
• Detailed knowledge on trading business & products, risk methodology and regulatory framework.  Specifically, expertise in all Asset class product types, Counterparty risks, Market risks, Cross-Risks, trade characteristics and hedging strategies
• High degree of understanding of Traded Risk (Market or Counterparty Risk) terminology and concepts – exposure calculation approaches, Traded Risk Internal Controls framework, Basel II & III
• Capable of exposure regression analysis and explaining differences between production exposure and target system generated exposure, through breakdown of variables
• University graduate in Finance, computer science or numerated related disciplines
• Experience in documenting requirements, validating functional specifications, drafting testing approach plans and user acceptance test cases
• Able to understand and document processes using data flow diagrams
• Experience in risk system development cycles and working with Risk Technology departments.  
• Strong ability to understand and use complex systems and take a logical and constructive approach to investigating and communicating system problems
• Understanding of how projects are delivered, including project lifecycle
• High level of expertise in Excel & Access (VBA level), SQL, PowerPoint, Visio
• Experience in working with the following departments in a large financial organisation; Risk Management, Product Control
• Database design/knowledge is highly desirable

You’ll achieve more when you join HSBC. 

https://www.hsbc.com/careers

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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.