Job description Posted 08 June 2022

Business Analyst – Market Risk

£550 p/d PAYE or £714 Umbrella

Hybrid, London

Duration – 6 Months  

If you’re looking for a career that will help you stand out, join HSBC, and fulfil your potential. Whether you want a career that could take you to the top, or simply take you in an exciting new direction, HSBC offers opportunities, support and rewards that will take you further. They are currently seeking an experienced individual in the role of Business Analyst – Market Risk.


Role Purpose:


This role sits under Wholesale Credit and Market Risk function, and is part of the Global Risk Organisation.


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 capitalisation. As outlined in the Enterprise Risk Management Framework, Traded Risk’s role as risk and control owners forms part of the First Line of Defence. Their role as risk stewards forms part of the Second Line of Defence.


Traded Risk is committed to establishing innovative and globally standardised risk solutions to service our stakeholders. This is underpinned by a set of core principles:


  1. Partner with the Business to enable them to make appropriate risk/return decisions by providing an effective risk framework and capability
  2. Support, drive and embed the Bank’s broader Risk Strategy, meet our Regulatory commitments, and protect the capital of the Bank
  3. 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
  4. Embed a Global Operating Model, supported by standardised models, processes, governance and infrastructure
  5. Ensure consistent and transparent reporting lines, providing ownership and accountability across the Global Operating Model
  6. Provide a challenging and dynamic environment to attract, retain and grow our talent
  7. Empower our data providers to succeed through an effective control framework and regular engagement, to optimise performance
  8. Establish a globally centralised Transformation capability to deliver robust risk solutions that meet both our internal and regulatory requirements


The Traded Risk Analyst is a results-driven individual with a deep understanding of risk data, process, analysis, and systems who aspires to innovate, improve and embed solutions that enable effective risk management in market and/or traded credit risk.


Key Accountabilities:


  • Co-ordinates and conducts predominantly quantitative analysis, and performs investigations and root cause-analysis
  • Supports Risk Managers with the generation, calibration, and maintenance of risk measurement techniques and models
  • Responsible for the application of internal HSBC Policies relating to Traded Risk and supports the maintenance of the Risk Framework
  • Performs timely risk limit monitoring and provides guidance on potential breaches, with appropriate escalation
  • Provides analysis to support and inform risk decisions on trades, risk exposures and new products
  • Identifies and escalates issues to Risk Management through appropriate and targeted review and validation of risk data, controls and reporting
  • Actively participates with regulatory exercises to support regulatory engagement
  • Responsible for production of ad hoc and bespoke risk reporting, and risk-related presentation packs (and MI) for senior management
  • Works closely with Global Transformation to optimise risk measurement and analysis capability through the introduction of new technologies
  • Identifies improvements to infrastructure, including streamlining, standardising and globalising processes and reporting
  • Works closely with data providers to define data controls and the approach to assurance testing these controls
  • Interacts regularly with Global Markets Middle Office, providing an escalation point, and acts as a conduit to Risk Managers


Knowledge and Experience:


  • University graduate in finance, computer science or any other quantitative related degrees
  • Experience working in a risk control/reporting team
  • Experience in dealing with many stakeholders and building relationships
  • Experience with analytical reporting, e.g. explanation of a transformation by decomposition
  • Detailed knowledge of financial markets, trading business and market risk measures
  • Understanding of key risk factors for products, risk sensitivities and how they are measured
  • Expert in Microsoft Office
  • Ability to deliver change to enhance processes and procedures
  • Excellent interpersonal and business analysis skills
  • Excellent analytical and problem-solving skills
  • Excellent presentation skills to brief senior management on topics and summarise key information
  • Desirable
  • CFA or FRM qualification
  • Experience in related banking area, e.g. Product Control, Front Office
  • Knowledge of software development tools (VBA, Python, etc)