Job Description
Business: Traded Risk,
Open positions:1
Role Title: FRTB Implementation GSC’s
Global Career Band:4
Location: Bangalore
Recruiter Name: Shubhangi Masih
The Opportunity:
As part of the Fundamental Review of the Trading Book regulation, the firm needs to work on a large-scale regulatory application document.
To help facilitate this challenging task, we are looking for an enthusiast candidate willing to make the difference, leveraging breakthrough technologies. The ideal candidate will have a blend of expertise in product coding and in financial markets.
What you’ll do:
Principal Accountabilities: Key activities and decision-making areas Typical KPIs and Targets
Support the Global head of regulatory and capital implementation.
Provide guidance and input into the IMA application for submission to the regulator.
Supervise and provide guidance in the phase of writing application documents such that they are deemed fit for purpose by the stakeholders. The requirements need to be comprehensive and cover all the aspects of the new capital calculation.
Be able to leverage data science and technology to support the application.
Supervise and provide guidance in the execution phase making sure that the requirements are fulfilled and that main milestones of deliveries are fulfilled.
Liaise with stakeholders in Traded Risk such that FRTB deliveries is in line with the expectations from stakeholders.
Liaise with stakeholders from FRTB Programme such that issues are timely escalated and a path to resolution is found.
No adverse regulatory or internal audit feedback on the operational readiness stream. Control process is in line with internal and external regulation (PRA, SOx, KPMG, etc.)
Successful application to the regulators of the new capital model
Customers / Stakeholders
Market Risk Management and analysts
Front Office Desks across all asset classes
Regulatory & Risk Analytics (GRA)
Independent model review (IMR)
Global Wholesale Credit & Market Risk
Group Risk Technology
Regulatory policy team
Leadership & Teamwork
Work effectively with Traded Risk, GRA and regulatory finance and FRTB Programme
Ensure Regional\Global team provides the right level of value and that they support the proposed changes
Ensure that the stream is integrated into all relevant parts of the Group and that a collegiate approach is taken to solving issues, building businesses, and achieving target returns
Regular and positive communication through conference calls, meetings, visits
Build good relationships with the teams that will be in charge with the production of these numbers as well as the consumers of these numbers.
Operational Effectiveness & Control
Implementation of effective processes & systems supporting risk strategy.
Ensure that the effectiveness of Internal Control activity is properly monitored
Early reporting/escalation of risks/issues monthly senior management.
Improved processes related to approvals, administration, controls & monitoring; tailored risk systems and monitoring of complex activity
Achievement of Satisfactory or better internal audit classifications
Major Challenges
Large number of sites, organizational structures and individual markets with varying degrees of activity from highly complex to vanilla in potentially very volatile markets
Commercial judgment & experience to anticipate & address fast paced changes in market conditions & strategies
Strong management & motivation skills to actively communicate & build risk awareness across the region
Tight deadlines for submission
Requirements
What you will need to succeed in the role:
Experience & Skills
FRTB Implementation GSC’s (ID: 0000J3ST and Position ID - 5203XXXXXX)
You’ll achieve more at HSBC
HSBC is an equal opportunity employer 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. We encourage applications from all suitably qualified persons irrespective of, but not limited to, their gender or genetic information, ****** orientation, ethnicity, religion, social status, medical care leave requirements, political affiliation, people with disabilities, color, national origin, veteran status, etc., We consider all applications based on merit and suitability to the role.”
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.
Issued By HSBC Electronic Data Processing (India) Private LTD
Open positions:1
Role Title: FRTB Implementation GSC’s
Global Career Band:4
Location: Bangalore
Recruiter Name: Shubhangi Masih
The Opportunity:
As part of the Fundamental Review of the Trading Book regulation, the firm needs to work on a large-scale regulatory application document.
To help facilitate this challenging task, we are looking for an enthusiast candidate willing to make the difference, leveraging breakthrough technologies. The ideal candidate will have a blend of expertise in product coding and in financial markets.
What you’ll do:
Principal Accountabilities: Key activities and decision-making areas Typical KPIs and Targets
Support the Global head of regulatory and capital implementation.
Provide guidance and input into the IMA application for submission to the regulator.
Supervise and provide guidance in the phase of writing application documents such that they are deemed fit for purpose by the stakeholders. The requirements need to be comprehensive and cover all the aspects of the new capital calculation.
Be able to leverage data science and technology to support the application.
Supervise and provide guidance in the execution phase making sure that the requirements are fulfilled and that main milestones of deliveries are fulfilled.
Liaise with stakeholders in Traded Risk such that FRTB deliveries is in line with the expectations from stakeholders.
Liaise with stakeholders from FRTB Programme such that issues are timely escalated and a path to resolution is found.
No adverse regulatory or internal audit feedback on the operational readiness stream. Control process is in line with internal and external regulation (PRA, SOx, KPMG, etc.)
Successful application to the regulators of the new capital model
Customers / Stakeholders
Market Risk Management and analysts
Front Office Desks across all asset classes
Regulatory & Risk Analytics (GRA)
Independent model review (IMR)
Global Wholesale Credit & Market Risk
Group Risk Technology
Regulatory policy team
Leadership & Teamwork
Work effectively with Traded Risk, GRA and regulatory finance and FRTB Programme
Ensure Regional\Global team provides the right level of value and that they support the proposed changes
Ensure that the stream is integrated into all relevant parts of the Group and that a collegiate approach is taken to solving issues, building businesses, and achieving target returns
Regular and positive communication through conference calls, meetings, visits
Build good relationships with the teams that will be in charge with the production of these numbers as well as the consumers of these numbers.
Operational Effectiveness & Control
Implementation of effective processes & systems supporting risk strategy.
Ensure that the effectiveness of Internal Control activity is properly monitored
Early reporting/escalation of risks/issues monthly senior management.
Improved processes related to approvals, administration, controls & monitoring; tailored risk systems and monitoring of complex activity
Achievement of Satisfactory or better internal audit classifications
Major Challenges
Large number of sites, organizational structures and individual markets with varying degrees of activity from highly complex to vanilla in potentially very volatile markets
Commercial judgment & experience to anticipate & address fast paced changes in market conditions & strategies
Strong management & motivation skills to actively communicate & build risk awareness across the region
Tight deadlines for submission
Requirements
What you will need to succeed in the role:
Experience & Skills
FRTB Implementation GSC’s (ID: 0000J3ST and Position ID - 5203XXXXXX)
You’ll achieve more at HSBC
HSBC is an equal opportunity employer 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. We encourage applications from all suitably qualified persons irrespective of, but not limited to, their gender or genetic information, ****** orientation, ethnicity, religion, social status, medical care leave requirements, political affiliation, people with disabilities, color, national origin, veteran status, etc., We consider all applications based on merit and suitability to the role.”
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.
Issued By HSBC Electronic Data Processing (India) Private LTD
💡 Quick Summary
Seeking a career-building opportunity? The FRTB Implementation GSC|s position is now open for candidates interested in the Bank Jobs sector. This role in Bengaluru offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Bank Jobs is a plus.
