Market Risk Specialist

Job Title: Market Risk SME Senior Business Analyst

Duration: 6 Months

Location: London

Pay Rate: Competitive

Role:

The role holder is required to be a subject matter expert within Market Risk and will play a critical role in shaping and optimising risk management processes related to Market risk activities, with a specific focus on delivery of the strategic processes and architecture associated to Risk factors, Timeseries and Scenarios used for Market Risk through the delivery of a key strategic component of the Market Risk architecture ‘STAR’ (Scenarios Time Series and Risk Factors). Your expertise in Fundamental Review of the Trading Book (FRTB) will be essential to contribute towards the future risk working framework and as you will collaborate with cross-functional teams, analyse complex traded risk tasks and contribute to strategic decision-making. If you’re passionate about risk transformation and possess deep expertise in the Market risk domain, this role offers an exciting opportunity to make a significant impact.

The role holder will work as a Senior Business Analyst within the Traded Risk value stream. The Traded Risk value stream aims to develop a Traded Risk function with systems and capabilities to manage an evolving and complex traded and market risk environment which leverages industry leading analytic practices and technology to deliver regulatory models to support the Group strategy.

Transformation:

The role holder will work in Risk and Compliance Transformation (RCT) which manages the Change the Bank investment portfolio and associated transformation activity on behalf of and across the Risk and Compliance function globally. It is accountable for the global, cross functional change agenda, delivering mandatory/regulatory and strategic change programmes on behalf of Global Risk and Compliance, in partnership with regional teams and in support of business partner control needs. It designs, leads and delivers large scale, complex global change across multiple geographies and jurisdictions, impacting regions and business lines, including system, people and process changes, ensuring the change programmes adhere to the change standards laid out by HSBC and using mandated tools and methods.

Risk and Compliance Transformation is part of the Chief Operating Office (COO) sub function which is responsible for providing services to ensure the efficient and effective management and operational running of the function.

Function:

The Global Risk and Compliance function has responsibility for risk management covering retail and wholesale credit, market trading and treasury, operations, security and fraud risk, climate, risk models and risk strategy together with financial crime and compliance. This is done in support of HSBC’s regions and global lines of business.

Knowledge & Experience

• Minimum 5 years of experience as a Senior Business Analyst in financial services, with a focus on risk management.
• Excellent knowledge of Market Risk
• Strong experience and understanding of VaR and SVaR Capital models.
• Knowledge and experience of Product, Models and Risk Factor taxonomies and business data models.
• Knowledge of Basel 3 FRTB requirements.
• Broad knowledge of asset classes and their implications in terms of market risk
• Ability to work with large volumes of data – Analysis, regression of data and presentation of data.
• Ability to demonstrate strong Excel, Power point and Python programming skills(desirable).
• Focused and delivery-driven with ability to meet tight deadlines, multi-task and prioritise appropriately in a fast moving and often evolving environment
• Capable of exposure regression analysis and explaining differences between production exposure and target system generated exposure, through breakdown of variables
• Experience in documenting requirements, validating functional specifications, drafting testing approach plans and user acceptance test cases
• Experience in risk system development cycles and working with Risk Technology departments.
• Strong ability to understand and use complex sy
• stems and take a logical and constructive approach to investigating and communicating system problems
• Understanding of how projects are delivered, including project lifecycle
• Knowledge on trading business & products, risk methodology and regulatory framework. Specifically, exposure in all Asset classes, Market risks, Cross-Risks and trade characteristics.
• Knowledge and experience of Agile methodology and project management

Qualifications & Skills

• Bachelor’s degree in Finance, Economics, Mathematics, or a related field
• Advanced degrees (e.g., MBA, CFA, FRM) are advantageous.
• Analytical mind-set with the ability to dissect complex risk scenarios.
• Proficiency in risk management tools (e.g., VaR, stress testing, scenario analysis).
• Demonstrable problem solving and analytical abilities including the ability to critically evaluate information gathered from multiple sources, reconcile conflicts, decompose high-level information into details and apply sound business and technical domain knowledge
• Excellent communication skills to engage with diverse stakeholders.
• Change management expertise and project management skills.

Principal Accountabilities: Operational Performance

• Adheres to the Groups standard tools and methodologies, HSBC Change Framework and Clarity. There must be consistent use of agreed tools and methodologies to track progress, issues, risks, dependencies, planning value, funding and resources

• Collaborates with stakeholders to define the project strategy and develops a roadmap ensuring all constraints of time/resources are met.

• Influences and collaborates with stakeholder and delivery partners to drive the right project outcomes. Represents the project team at discussions regarding project prioritisation and to create buy-in for risk mitigation and contingency plan

• Develops and/or reviews estimates and estimating assumptions for the project’s schedule, effort, and cost using established estimating models, best practices, and past experience

• Documents and develops targeted benefits for a change intervention

• Draws upon financial skills to develop a high level business case, considering investment and high level benefits

• Manages business case, tracking realisation of benefits against targets and spend against agreed budgets and funding

• Diligently runs incident management process to mitigate against any threat to benefits realisation

• Manages and reports project risks, issues and dependencies

• Manages the pace - actively moves team / programme along the delivery journey with pace and enthusiasm

• Anticipates issues and risks and acts to mitigate these quickly; handles any unforeseen roadblocks swiftly and effectively

• Navigates different modes of thinking with ease, tailoring their approach to the situation/stakeholder

• Promotes pace and energy within the team and leads by example

• Identifies root cause of broken processes using a range of tools to analyse current state processes and identify improvement opportunities

• Develops creative solutions, considering aspects of risk/reward

• Designs re-engineered processes, based on statistical and qualitative methods to identify improvement areas

• Executes process consulting efforts to realise re-engineering benefits