Regulatory Policy Manager - HSBCJP00042655
- 8 Canada Square, London E14 5HQ, UK, England (GBR)
- Negotiable
- 6 Months
- Start date: ASAP
- Ref: 158343
- risk management
- regulatory
- credit risk
- Basel III
HSBC
Job Title: Regulatory Policy Manager, Wholesale Credit Risk
Rates: £550.00 PAYE / £714.08 Umbrella
Location: London Hybrid 2 – 3 days per week
Contract length: Till December with extension
Our client HSBC are currently seeking an experienced Senior Fund Administrator to join their team in the Edinburgh office/remote working, this contract will be for 6 months with a review to be extended.
This role forms part of the Financial and Model Risk Regulatory Policy and Engagement team. The jobholder is expected to lead on analyzing the impacts and interpretation of new and existing regulatory requirements for wholesale credit risk (e.g., Basel 3, IRB Repair).
The individual will also be responsible for providing subject matter expert oversight and challenge of the credit model changes required to comply with the new regulatory requirements, including review and challenge of model compliance assessments and engagement with the prudential regulation authority (PRA).
Knowledge / experience
- 8 – 10 years analyzing regulatory risk / Compliance
- B reg policy and engagement team / basil 3.1 framework
- Risk analytics risk policy that for part of calculation
- Within the IRB space would be the relevant experience
- Focused on the wholesale credit risk
Key Accountabilities & Impact on Business
- Provide guidance and opine on regulatory policy.
- Regulatory oversight and challenge for credit risk model developments.
- Drafting policy interpretations and opinions owned by Financial and Model Risk Regulatory Policy and Engagement team.
Customers / Stakeholders
- Global Businesses: Commercial Banking, Global Banking and Markets
- Global and regional Credit Functions (Wholesale Credit), Heads of modelling teams (Global Risk Analytics) and Policy leads
- Finance – Group Regulatory Policy and Regulatory Reporting teams
- Internal audit – working with audit managers reviewing risk rating systems
- Regulatory bodies – the Prudential Regulatory Authority supervisory and modelling teams
Leadership & Teamwork
- The role holder will be expected to work with the business, modelling teams (Global Risk Analytics) and Wholesale Credit teams to develop and communicate solutions to address rule changes or answers to specific policy questions and/or regulatory requirements
- Provide regulatory guidance and policy opinions, including clear communication of the latest external regulatory developments to stakeholders from Wholesale Credit Risk (WCR), Global Risk Analytics (GRA), etc.
Operational Effectiveness & Control
- Develop consistent policy standards across regional GRA and WCR sites
- Provide challenge and feedback to global GRA and WCR teams relating to policy, standards and documentation
- Ensure consistent and accurate regulatory submissions
Major Challenges
- Policy within Wholesale Credit is fast developing owing to significant global regulatory change from Basel 3, 3.1 and the EBA IRB Repair. The jobholder needs to be able to work in an environment of regulatory ambiguity with autonomy whilst being able to provide judgment and clear direction. The jobholder will need to work closely with Commercial Banking, Global Banking & Markets and Private
If you are interested then please don’t delay, email anthony.oguntokun@jeffersonwells.co.uk
