HSBCJP00040509 - Market Risk Analyst (CVA / XVA)
- London, Greater London (GBR)
- £440 - £577.44 Per Day
- 12 Months
- Start date: ASAP
- Ref: HSBCJP00040509
- risk management
- financial markets
- CVA / XVA
- instruments
- data controls
- middle office
- analytical reporting
- assurance testing
- validation
- monitoring
Job title – Market Risk Analyst (CVA / XVA)
Location – London / Hybrid
Rate – Up to £440 PAYE or Umbrella £577.44
Start date – ASAP
Contract length – Initially 12 months
A Global Top-Tier Bank is currently seeking a Market Risk analyst to join their Traded Risk team in the London office/remote working, this contract will initially be for 12 months but will have potential to keep extending or go permanent
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.
Key Responsibilities:
· 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
Ideal Experience / Qualifications:
- University graduate in finance, computer science or any other quantitative related degrees
- Experience working in a risk control/reporting team
- Must have CVA (Credit Valuations Adjustments) knowledge and experience
- Some knowledge of counterparty credit risk
- Good knowledge of Credit Instruments, bonds, fixed income
- 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
If you are relevant or interested, please contact me at Trixie.Kamau@jeffersonwells.co.uk
Please look at our HSBC Career Hub using the following link - https://jobs.elevatedirect.com/tapfin/index.html
