Assistant Vice President

Some careers shine brighter than others.

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.

HSBC is one of the largest banking and financial services organizations in the world, with operations in 62 countries and territories. We aim to be where the growth is, enabling businesses to thrive and economies to prosper, and, ultimately, helping people to fulfil their hopes and realize their ambitions.

We are currently seeking an experienced professional to join our team in the role of Assistant Vice President Uncleared Margin Rules Valuations.

In line with our ambition to be the world's leading international bank, HSBC has committed to develop the highest or most effective standards for Financial Crime Compliance and deploy them globally on a consistent basis.  The Global Sanctions Policy mandates that all customers are screened at on-boarding and periodic intervals, following changes to customer information and when the Official Lists and other applicable Local Lists are updated. Automated or manual screening is conducted using HSBC's mandated automated customer screening solution which generates alerts for investigation, verification, and follow-up as necessary.

In this role, you will:

• Ensuring initial margin calculations are complete and accurate
• Design, enhance and operate controls
• Work with front office, technology, operations and other stakeholders to resolve calculation issues and exceptions
• Investigate margin call disputes related to the initial margin calculation issues, supporting resolution and escalation of issues.
• Continuously improve the control environment and process efficiency through driving change initiatives
• Advise on client and internal stakeholder queries related to regulatory initial margin
• Monitor exposure of undocumented counterparty relationships, and assist in remediation
• Support central change initiatives that impact the calculation inputs (market risk sensitivities), or the scope of the team (e.g. introduction of new regulatory jurisdictions)

To be successful in this role, you should meet the following requirements:

• A University graduate with strong academic record in finance, economics, business administration or related field
• At least 5 years of relevant work experience in a similar setting (e.g. international bank, banking regulator, financial institution, investment management firm or other similar institution)
• In-depth understanding and practical experience with financial products especially derivatives
  
  Good market risk / counterparty risk knowledge
• Excellent verbal and written communication skills in English
• Experience in market/counterparty risk reporting

What additional skills will be good to have?

• Proficiency in Python or willing to learn Python
• VBA & SQL
• FRM or CFA certification
• Market risk & Product Control
• Knowledge Derivatives Products, Model Validation, Statistical
• Value at Risk/ Team management experience (UMR) strong excel, VBA skills

You'll achieve more when you join HSBC.

HSBC is committed to building a culture where all employees are valued, respected and opinions count. We take pride in providing a workplace that fosters continuous professional development, flexible working and opportunities to grow within an inclusive and diverse environment. Personal data held by the Bank relating to employment applications will be used in accordance with our Privacy Statement, which is available on our website.

Issued by HSBC HDPP