Role Title: Market Risk Analyst

Business: Risk

New or Existing Role: Replacement

Grade: GCB5

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 Market Risk Analyst, working together with colleagues to define, manage and achieve divisional business targets.

The purpose of this role is to be responsible for Market Risk Analysis and processes focusing on Rates businesses

In this role, you will:

• Co-ordinate with MRM, FO, MMO, and the corresponding desks to define comprehensive requirements and communicate with Transformation Maintain strong internal controls and highly controlled reporting environment.
• Establish operating models and attend management forums to represent MRA team
• Document existing and new processes.
• Participate in FRTB deliveries from Market Risk perspective
• Have end-to-end ownership of daily, weekly, monthly Rates asset class processes globally
• Ensure that production tasks are nearshore where possible.
• Improve efficiency and effectiveness of controls to ensure that operational risk is minimized.
• Provide commentary and MRA tasks ownership on Regulatory Capital Charge inputs, including Stress Test and PRA requests
• Work with Transformation teams to ensure strategic systems rollout is delivered on schedule.
• Work with GRA (Group Risk Analytics) to review the risk models (DPRM, products pricing, curve calibration…)
• Represent Traded Risk at different forums related to the FRTB SA

Qualifications

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

• Thorough understanding of risk management, Value at Risk, sVaR,SA, IMA, PVBP, RWA and Stress Testing
• Understanding of IRC notion
• Understand key risk factors for FX and Rates products and how they are measured.
• Thorough understanding of the Market risk function.
• Ability to design and implement normalized databases.
• Strong knowledge of VBA, SQL , Python
• Knowledge of Bloomberg and Summit, Murex
• Experience from related banking and markets areas, e.g. Product Control, Front Office, Risk management, Risk transformation

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.

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.