Uncleared Margin Rules Valuations AVP

Some careers shine brighter than others. 

If you’re looking for a career where you can make a real impression, join HSBC and discover how valued you’ll be. 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 Uncleared Margin Rules Valuations Assistant Vice President. 

Job Responsibilities: 

• 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)

Job Requirements: 

• A University graduate with strong academic record in finance, economics, business administration or related field
• 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

Candidate with less relevant experience or skills may be offered a lower Global Career Band than stated above.

Due to the urgent hiring need, candidates with immediate right to work locally and no relocation need will be prioritized.

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.