UMR Valuation Analyst

We are currently seeking an ambitious individual to join our team as an Uncleared Margin Rule Valuations Analyst, working together with colleagues to define, manage and achieve divisional business targets.

Role Purpose

The Uncleared Margin Valuations team within the Collateral and Risk team of Markets Security Services [MSS] Operations at HSBC are expected to control, calculate, monitor, and report the BCBS 261 initial margin regulatory requirement at regional and group level. The daily exchange of Initial Margin under the BCBS 261 requirement has been Live since 01/09/2016. Hence, the requirement to engage in the extensive development and running of the end to end process flow of the daily IM exchange.

In this role, you will:

• Review and understand the regulatory framework for BCBS 261
• work with stakeholders on the End to End delivery of the regulatory initial margin
• Engage in dispute resolution, investigating and resolving complex calculation problems
• Work with Collateral Management, Front Office and Quantitative Analyst stakeholders to investigate and resolve calculation issues
• Participate in the enhancing and contributing to the governance framework maintained to manage regulatory IM requirements.
• Be involved in reviewing and assessing the impact of regulatory or internal changes impacting the IM calculations
• work as part of a global team split across 3 locations

Qualifications

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

• Market Risk Management associate level or experience in calculating and validating uncleared derivative initial margin using the SIMM model
• Analytical mindset
• Ability to work to deadlines and to manage competing priorities
• Team engagement experience of small to medium size teams.
• Strong knowledge of the derivative products (FX, Equity and Fixed Income).
• Self-motivated market risk management professional who enjoys learning about financial risks, collaborating within a team and interacting with the Front Office and other stakeholders on a daily basis.
• Knowledge of financial products and key market risk concepts, such as risk sensitivities, VaR, scenario analysis and capital is required.
• Candidates must demonstrate diligence as well as strong investigative skills.

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 The Hongkong and Shanghai Banking Corporation Limited.

As a business operating in markets all around the world, we believe diversity brings benefits for our customers, our business and our people. This is why HSBC is committed to being an inclusive employer and encourages applications from all suitably qualified applicants irrespective of ethnicity, religion, age, physical or mental disability/long term health condition, marital status, sexual orientation, gender identity, gender expression, genetic information (including characteristics and testing), military and veteran status, and any other characteristic protected by local law in the jurisdictions in which we operate. Within the work place you will have access to various employee resource groups which aim to promote and achieve a healthy work / life balance and support our diversity ambitions.  HSBC has in place processes in order to avoid nepotism, which means to avoid creating circumstances in which the appearance or possibility of conflicts of interest may exist within the hiring process. 

Recruitment Helpdesk: 
Email: hsbc.recruitment@hsbc.com 
Telephone: +44 2078328500