Head of Traded Risk, HSBC Qianhai (GCB 4)

HSBC Qianhai

HSBC Qianhai Securities Limited (HSBC Qianhai), a joint venture securities company, was incorporated on 28 August 2017, pursuant to Supplementary Agreement X to the Closer Economic Partnership Arrangements (CEPA) between the mainland and Hong Kong.

The registered capital of HSBC Qianhai is RMB1.8 billion. The Hong Kong and Shanghai Banking Corporation Limited (HSBC) holds 90% of the shares, while Qianhai Financial Holdings Co., Ltd. (QFH) holds the remaining 10%. Our headquarters are located in Qianhai, Shenzhen. We have branch offices in Beijing and Shanghai, and a trading outlet in Qianhai, Shenzhen.

By combining solid expertise in the domestic capital market with the global competitive advantage of the HSBC Group, we are committed to providing our customers with comprehensive securities services and a diverse range of products, aspiring to be your unique partner in China's onshore capital markets.

Our purpose – ‘Opening up a world of opportunity’ – explains why we exist. For information about our purpose and values, please visit HSBC.com.

HSBC Qianhai is part of one of the world’s largest financial services organisations. Whether you are an experienced professional, looking for your first job, or are interested in one of our student and graduate programmes, we provide many ways for you to develop your skills and achieve your career ambitions in a diverse and inclusive environment.

We offer opportunities across our organisation to build a fulfilling career and work with colleagues and customers around the world. We have roles available in business areas including Investment Banking, Securities Brokerage, Investment Advisory, Securities Proprietary Trading, Asset Management and Private Wealth Management, and Functions, Digital Business Services.

We look for people who are ambitious and want to develop their career and contribute to HSBC’s long-term, sustainable growth. We want employees who can help us achieve our strategy, balance social, environmental and economic considerations and manage risk accordingly.

To ensure we achieve this growth in the right way, we place great emphasis on our values. We are committed to applying the highest standards throughout the company, everywhere we do business.

Diversity and inclusion is at the heart of our business. Joining HSBC will give you the opportunity to work in a collegiate and supportive environment in which we seek to develop and promote you based on merit.

We also have a strong commitment to sustainability and encourage employees to participate in our community projects and other activities.

Responsibility:

As part of the risk team supporting the growing business, the candidate will primarily focus on the risk management for Trading business:

• Maintaining good working relationships with businesses to ensure policies and standards in relation to risk governance and appetite areas are consistently applied across the IBCN business lines.
• Overseeing risk analysis across a large and diverse set of IBCN products and businesses, often with conflicting priorities.
• Ability to interact with senior management of the IBCN, within Risk and in the business on challenging issues. Must be able to balance the need to maintain a strong and supportive relationship with the business whilst maintaining independence and authority.
• Given the breadth of the role, must be able to manage effectively many different demands and responsibilities and switch quickly between different problems.
• Distilling complex issues down into simple messages that can be understood easily by senior management and non-technical staff.
• Remain fully up to-date with developments in the financial markets at both a macro and micro level to ensure that changing risk profiles are identified and communicated to senior risk management and business.
• Understanding of complex market risks arising from derivatives trading and counterparty default risks, and applying judgement to determine which risks are significant and likely enough that they warrant management attention.
• Must have and maintain a deep understanding of market behaviour and economics, to guide definition of stress scenarios.
• Ability to find simple and pragmatic solutions to complex problems.

Requirement:

• Undergraduate or Graduate degree in Finance, Accounting, Risk Management related disciplines or quantitative subject.
• Minimum of 10 years relevant working experience in traded risk or related field.
• Good knowledge of derivatives and structured products (delta / gamma / vega / vol surface / gap risk / pin risk), ideally with understanding of common hedging strategies.
• Must complete AMAC and CSRC licensing exam, if not already completed, within 6-months of onboarding.
• Nice to have: knowledge of scripting (Python) or database query (SQL) language.
• Strong proficiency in written and spoken Chinese and English.

Location:

Shanghai or Shenzhen China