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US Head of Traded Risk

Company: HSBC
Location: New York
Posted on: June 25, 2022

Job Description:

Transaction Management Director in New York City, NY
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US Head of Traded Risk
Company: HSBC
Location: New York, NY
Employment Type: Full Time
Date Posted: 06/13/2022
Expire Date: 07/13/2022
Job Categories: Other
Job Description
US Head of Traded Risk
At HSBC, the health and well-being of our employees remains of utmost importance. Many of our roles are permitted to work from home (in states in which HSBC is licensed to operate) until further notice. Upon resumption of normal operations, this role may be performed at our New York, New Yorkoffice.
As the US Head of Traded Risk, you will lead a team of highly qualified traded risk experts responsible for managing traded risk in HSBC's US business. The role involves significant senior executive engagement, including presenting traded risk themes to executive forums and partnering with the businesses to support HSBC's US strategic initiatives. You will act as the key contact point for all traded risk regulatory matters and will be responsible for setting appropriate risk limits, approving new products, monitoring traded risk taking activity and managing the systems infrastructure involved in delivering these controls. You will maintain the allocation of risk appetite for market and counterparty credit risk across the region including proactive management of RWAs, represent Traded Risk on selective committees and be the principal risk stakeholder for the Head of Global Markets for US.
About Us
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 fulfill their hopes and realize their ambitions.
You will be responsible for:
Providing leadership to a team of highly qualified traded risk experts and presenting to senior HSBC leaders on matters related to traded risk both in the US and in global HSBC forums
Setting appropriate risk limits, including counterparty credit risk activity, and ensuring that market risk appetite is not exceeded within HSBC's regional risk taking activity
Reviewing new products and structures to identify all material market risks and ensuring effective controls surround these to ensure appropriate risk management occurs during their life cycle.
Representing Traded Risk at the Regional Global Banking & Market Risk Management Committee and identify related Top and Emerging Risks for escalation to the Risk Management Meeting of the bank (executive committee with board representatives).
Qualifications & Requirements
Employment eligibility to work with HSBC in the U.S. is required as the company will not pursue visa sponsorship for these positions.
6-12years of experience in Market Risk Management and / or Rates/Credit Trading
Senior operational leader or leading technical or expertise specialist exercising control over resources, policy formulation and planning with, primary accountability for end results
Strong technical skills (VBA, SQL, Matlab, C++ etc) and quantitative skills (i.e. derivative pricing, VaR methods, market data analysis)
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, diverse 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!
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

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Keywords: HSBC, New York , US Head of Traded Risk, Other , New York, New York

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