FRTB Regulatory SME ( Market Risk )

Job Title: FRTB Regulatory SME ( Market Risk )

Duration: 10 Months

Location: London (Hybrid )

Pay Rate: Competitive

Role Purpose

· This role forms part of the Global Regulatory Policy and Advisory team. The jobholder is expected to work closely with the FRTB regulatory lead and provide support on the various initiative related to the FRTB regulatory book of work, including regulatory policy interpretations, response to consultations as well as SA and IMA applications.

· The individual will be assisting the team on the preparation of the various regulatory approval packs and documentation and will also be assisting the team on the various upstream regulatory developments to communicate policy guidance to stakeholders. This will consist of coordinating consultation responses either on behalf of HSBC directly or via industry bodies.

Key Accountabilities

Impact on Business

· Provide guidance on regulatory policy.

· Preparation of consultation responses.

· Drafting policy interpretations and opinions.

· Prepare regulatory submissions to the regulator.

Customers / Stakeholders

· Global and regional Market Risk Functions, Traded Risk Senior management team, GRA Regional Heads and regional Policy leads.

· Finance – Group Regulatory Policy and Regulatory Reporting teams.

· Regulatory bodies – in particular the Prudential Regulatory Authority supervisory and modelling teams.

Leadership & Teamwork

· Work together with business experts from the Traded Risk teams and stakeholders to develop appropriate regulatory opinions and policy solutions.

· Provide leadership to regions on providing regulatory guidance and policy opinions, including clear communication of the latest external regulatory developments to stakeholders from Front Office, MSS, etc.

· The role holder will be expected to work with regional policy leads and Group Traded Risk teams to develop and communicate solutions to address rule changes or answers to specific policy questions and/or regulatory requirements.

Operational Effectiveness & Control

· Develop consistent policy standards across regional sites.

· Provide questions and feedback to global Traded Risk teams relating to policy, standards and documentation.

· Ensure consistent and accurate regulatory submissions.

Major Challenges

· Policy within Traded Risk is fast-developing owing to significant global regulatory change from Basel 2, 2.5, 3, CRR/CRD4, CRR2/CRDV and CRR3. 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 Markets Security Services to communicate regulatory developments and assist with ensuring that regulatory requirements are met.

Role Context

· Global Regulatory Policy and Advisory team is responsible for the provision of guidance on regulatory risk matters, regulatory policy interpretation and industry engagement. The team covers Wholesale Risk, Market Risk, Treasury Risk Management, Pensions, Global Risk Analytics and Model Risk Management. The jobholder is required to provide regulatory analysis and advice to be implemented across the Group and will be expected to work in a global team context.

Qualifications

· Educated to university degree level or equivalent and, and it would be desirable for them to hold a relevant professional qualification (FRM, CFA)

· Experience

· Good knowledge of the regulatory landscape particularly relating to the Fundamental Review of the Trading Book or previous experience in a Regulatory Capital policy function

· Relevant working experience in a bank, rating agency, consultancy or advisory firm would be considered

· Experience of dealing with regulators is preferable

· Some understanding of statistics and concepts of the risk modelling process would be advantageous

· Skills

· Ability to successfully deliver within the agreed time scale, in liaison with all relevant stakeholders: model owners, business, finance, senior management and regulator

· Strong written and verbal communication skills

· Deliver high quality work within timelines

· Flexibility to work with colleagues and key stakeholders in an international team

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.

Either apply direct!

Please note, in the event of a high volume of applications for this role, we will not be able to respond to each individual applicant. Unfortunately, if you have not been contacted within 7 days we will not be progressing with your application. Thank you for your understanding.

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