HSBCJP000 - FRTB IRC DRC SME

FRTB Analyst

London/ Hybrid

Contract initially until end of year, extensions likely thereafter

£642.16/ Day

Our client HSBC are currently seeking an experienced FRTB SME to join their team in the London office/remote working. Junior Candidates will be considered

Role Purpose

DRC is a key deliverable for FRTB and as such we need an expert analyst to help with the existing IRC reporting and infrastructure and the transition to DRC.

The role will be within the global team responsible for running the DRC and IRC models from a Traded Risk perspective. It will involve all aspects of the team’s responsibilities from model and infrastructure development to supporting the reporting process.

Principal Accountabilities

·      Ensure accurate numbers are reported and provide detailed analysis on DRC/IRC to all stakeholders across Traded Risk and Front Office.

·      Develop and maintain existing infrastructure used in production and analysis of DRC/IRC.

·      Support DRC onboarding project with testing and analysis.

·      Monitor upstream model feeds and escalate issues to the relevant teams.

·      Liaise with and support regional teams with their DRC/IRC requirements. 

Customers / Stakeholders

·      Market Risk Management

·      Traded Credit Risk Management

·      Front Office Desks across all asset classes

·      Regulatory & Risk Analytics (GRA)

·      Independent model review (IMR)

·      Traded Risk Control

·      Group Risk Technology 

Leadership & Teamwork

·      Work effectively with Traded Risk, GRA, regulatory finance and FRTB Program.

·      Ensure Regional\Global team provides the right level of value and that they support the proposed changes

·      Ensure that the stream is integrated into all relevant parts of the Group and that a collegiate approach is taken to solving issues, building businesses and achieving target returns

Operational Effectiveness & Control

·      Attention to detail, disciplined and focused on ensuring IRC/DRC is reported correctly.

·      Implement functionality and procedures to identify and escalate operational issues.

Major Challenges

·      Large number of sites, organizational structures and individual markets with varying degrees of activity from highly complex to vanilla in potentially very volatile markets

·      Big changes to DRC/IRC models and IT systems are being rolled out, requiring large-scale changes to MRA processes. Role holder will need to ensure their area is able to maintain controls of market risk in the face of constantly changing systems.

·      Ensure that controls are maintained even under time pressure.

Role Context

·      The selected candidate oversees the end-to-end production of DRC/ICR that goes into risk-weighted asset (RWA) and regulatory capital measurement processes.

·      The job holder will also work with other functions to establish control and governance best practices and accountability for the regulatory capital process.

·      Establish strong relationships with senior stakeholders across the business, advise and provide constructive challenge to the owners of the processes such that we are compliant with the standards required for capital production.

Knowledge & Experience / Qualifications

Experience & Skills:

·      Candidate will be expected to have a strong understanding of Market Risk and a good understanding of the Market Risk Management and Control function and its role within the wider Group Risk context.

·      Strong knowledge of risk-related regulations, their application/impact in the banking industry with a specific understanding of DRC/IRC.

·      A high level of professional competence which helps to determine solutions around appropriate risk measures, risk processes, risk monitoring and management.

·      Candidate will need to have very strong IT skills. Much of the role involves building out infrastructure for analysis and reporting (Python is a prerequisite; SQL, VBA, Excel are also important)

·      Ability to form effective relationships and achieve influence at the most senior level in the organization.

·      Candidate will be expected to work independently and will be expected to have the discipline to run all necessary daily processes to a consistently high standard.

Please also see below link to our HSBC Career hub:

https://jobs.elevatedirect.com/tapfin-hsbc/index.html

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