GRPA Manager – Basel 3.1

GRPA Manager – Basel 3.1

6 month contract

London – hybrid

Up to £963.00 p/d Umbrella

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. We are currently seeking an experienced individual to join this team in the role of GRPA Manager – Basel 3.1.

Role context:

Global Regulatory Policy and Advisory (‘GRPA’) is responsible for establishing HSBC’s Group level, and certain regional level, regulatory capital policies, and for advising the firm’s business lines of the impact of these policies upon transactions and new products.

GRPA provides technical regulatory capital support and guidance to functions, businesses, and legal entities across a wide range of transactions and regulatory issues, providing challenge and governance to mitigate regulatory risk. GRPA continuously monitors new rule developments and other ongoing changes to the prudential regulatory capital landscape. GRPA covers all aspects of prudential policy, including risk weighted assets (RWAs), capital resources, and the leverage ratio, across a full range of risk areas e.g., credit risk, counterparty credit risk, securitisation, market risk, etc. GRPA is currently organised as a global team with a physical presence in the UK, US, Hong Kong, France, India, and Mexico.

Role purpose:

This is an exciting opportunity to join the GRPA team with a key focus on the Basel III Reforms. Specifically, the role will be critical to the analysis and interpretation of the wide-reaching Basel III reforms and the legislation to implement those changes. The role will cover a full range of risk types and will be responsible for driving forward all GRPA Basel III Reform deliverables. This includes driving the firm’s associated advocacy as regulators finalise requirements and delivering policy interpretations for implementing changes arising from Basel III. The role holder will also be required to advise on the regulatory policy requirements applicable to Basel III Reform quantitative impact studies and associated capital management forecasting.

Key responsibilities of GRPA are to:

• Track new policy developments and formulate the Group’s regulatory policies, accordingly, providing detailed practical guidance, distributed to a wide range of stakeholders.

• Produce and review regulatory opinions on complex transactions and new products to ensure compliance with Group and local regulatory policies.

• Provide technical support and guidance to both functions and businesses.

• Provide technical support on the implementation of new regulatory requirements.

• Facilitate the Group’s response to future regulatory developments, specifically the implementation of the final Basel III reforms, and influence the external development of regulatory policy by writing responses to new standards, proposed rules, and discussion papers.

Skills and experience:

• Strong working knowledge of the prudential rules related to the calculation of regulatory capital, RWA - both banking and trading book, leverage ratio, and capital resources (including Basel standards, PRA and EU regulatory rules related to each of these areas);

• Policy analysis skills -understanding the underlying rules and potential impact of changes

• Policy drafting skills – able to articulate any policy judgements in an accessible way both verbally and written in internal policy documents

• Excellent communication skills

• Strong problem-solving skills.

• Strong control mind-set with the ability to support other control functions who are responsible for ensuring the regulatory capital requirements are followed.

• Professional approach and presentation, ability to manage a wide range of stakeholders including senior management

• A good understanding of the regulatory treatment of a broad range of financial products, particularly those related to Global Banking and Markets, would also be desirable.

• Ability to act as an advisor and challenger to business lines and other control functions on all aspects of regulatory policy.

• Ability to formulate and articulate defensible interpretations of ambiguous rule text

• Ability to prioritise competing deliverables for a broad range of stakeholders.

If you think you are up for the task and feel you meet the above criteria or interested to hear more information, please contact me on Amy.walker@tapfin.com

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 after 7 days then we will not be progressing with your application. Thank you for your understanding

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