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 recent 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 64 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 Assistant Vice President.
In this role, you will:
The Ongoing Model Validation (OMV) team is mainly responsible for monitoring, controls, and analytical review of the ISDA SIMM model test exceptions detected using (1) Actual P&L; test and (2) 3+1 Back testing at counterparty level.
Resolving data quality issues affecting the accuracy of the back testing results while working with SIMM Model Quant, Product Control and Traded Risk.
Managing remediations with affected counterparties to ensure additional margin is calculated as agreed with the counterparties.
Enhancing the RNIS (Risk not in SIMM) target operating model and establishing control framework. Represent the team in governance forums and discuss material model deficiencies
Working in close collaboration with Standard Initial Margin Model (SIMM) Quant (Group Risk Analytics), front office stakeholders and CTB (Change the Bank) team to identify, escalate and resolve underlying issues.
To be successful you will:
A degree / qualification in mathematics, finance, accountancy, business management or previous experience in risk management (Market Risk) specifically in Value at Risk (VaR) process and its variant (i.e. Historical simulations, parametric Value at Risk (VaR), full reval) Product cont