Analyst, Prime Risk

In compliance with applicable laws, HSBC is committed to employing only those who are authorized to work in the US. Applicants must be legally authorized to work in the U.S. as HSBC will not engage in immigration sponsorship for this position.

Our purpose – Opening up a world of opportunity – explains why we exist. Here at HSBC we use our unique expertise, capabilities, breadth and perspectives to open up new kinds of opportunity for our more than 40 million customers. We’re bringing together the people, ideas and capital that nurture progress and growth, helping to create a better world – for our customers, our people, our investors, our communities and the planet we all share.

Provide “first line of defense” risk management for the Prime Finance, FX Prime Services and Derivatives Clearing Services (DCS) businesses. The role holder will fulfil these responsibilities through setting appropriate margin levels, controlling the amount of leverage/financing provided and proactively monitoring the risk within the portfolio. The role holder will have responsibility for ensuring that the business’s risk stays within the Prime / FX Prime / DCS market risk mandates and applicable credit limits.

The role holder will also contribute to the development of margining and in-business risk management approaches for new products and initiatives undertaken by these businesses, particularly as they relate to US clients but also globally where appropriate. The role holder will be responsible for the design, development, validation and documentation of risk management and margining models, working in conjunction with Prime Finance business staff.  The role holder will ensure that the models used by the business are developed in line with the bank policies and will support the independent model review process.

As our Analyst, Prime Risk, you will: 

• Manage the exposure of the bank to its clients through setting appropriate margin and risk limits for clients
• Help the business to identify and understand key risks in its client portfolio through proactive risk analysis
• Make recommendations for risk mitigation where risk exceeds appetite
• Help the business develop products/solutions that are both sound from a risk management perspective and attractive to clients
• Keep management aware of key risks within the hedge fund portfolio and help to define an understanding of the appetite for these risks
• Engage closely with Traded Risk / Credit Risk / Hedge Fund DD team / RMs to ensure that solutions put in place are within the risk appetite of the bank
• Contribute to success of the business and the Prime Risk team at both the regional and global level by supporting colleagues and managing global issues on a follow-the-sun basis
• Work closely with colleagues in Markets and 2nd line of defense functions
• Reduce manual processes used for margining and risk management to control operational risk
• Implement and operate robust risk control framework
• Ensure that business stays within market risk mandate
• Manage priorities effectively with stakeholders and within the regional team
• Manage day-to-day activities and medium/long term project to develop/enhance the infrastructure
• Be responsible for business risk management with respect of hedge fund clients within Global Markets
• Operate within trading mandates and permitted instruments lists given to these businesses by Traded Risk and limits set by Credit against the business’s clients
• Manage exceptions to policy, working with the management of the business, heads of trading and the independent risk function. The role holder will work with these same stakeholders on change initiatives and must help ensure that impacts of these initiatives are well understood and mitigated appropriately
• Ensure the fair treatment of our customers is at the heart of everything we do, both personally and as an organisation.  The jobholder will also continually reassess the operational risks associated with the role and inherent in the business, taking account of changing economic or market conditions, legal and regulatory requirements, operating procedures and practices, management restructurings, and the impact of new technology. This will be achieved by ensuring all actions take account of the likelihood of operational risk occurring. Also, by addressing any areas of concern in conjunction with entity management and/or the appropriate department
• Maintain HSBC internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators
• Comply with all conduct and Global Standards policies applicable to front office staff and escalate appropriately to management and compliance

You´ll likely have the following skills to succeed in this role:

• Advanced degree in Math, Science or Engineering to manipulate and analyse complex datasets in order to support decision-making. Problem-solving mindset with strong technical skills (proficiency in programming languages like Python is a plus)
• The candidate must have strong communication skills and be able  to manage relationships effectively with a range of different stakeholders. The candidate needs to be able to manage time and balance multiple priorities effectively
• A good understanding of global markets, counterparty and market risk measurement, and the hedge funds industry in particular would be an asset. Finally, a familiarity the banks risk (credit and/or market risk) and trading systems would present a strong advantage
• FINRA registration: SIE, Series 7

As an HSBC employee, you will have access to tailored professional development opportunities to ensure you have the right skills for today and tomorrow. We offer a competitive pay and benefits package including a robust Wellness Hub, all in a welcoming and inclusive work environment. You will be empowered to drive HSBC’s engagement with the communities we serve through an industry-leading volunteerism policy, a generous matching gift program, and a comprehensive program of immersive Sustainability and Climate Change Initiatives. You’ll want to join our Employee Resource Groups as they play a central part in life at HSBC, including the development of our employees and networking inside and outside of HSBC. We value difference. We succeed together. We take responsibility. We get it done. And we want you to help us build the bank of the future!

Your final fixed pay offer will depend on the candidate and several variables, including but not limited to, role responsibilities, skill set, depth of experience and education, licensing/certification requirements, internal relativity, and specific work location.

All qualified applicants will receive consideration for employment without regard to age, ancestry, color, race, national origin, ethnicity, disability or medical condition, genetic information, military or veteran service, religion, creed, sex, gender, pregnancy, childbirth, caregiver status, marital status, citizenship or immigration status, sexual orientation, gender identity or expression or any other trait protected by applicable law.