Traded Risk Control Officer

HSBC
Dubai, UAE

Ref: MP530-50

HSBC

The Role

Role Purpose:
There a number of control and monitoring activities that are designed to monitor the completeness and correctness of trade capture as well as risk calculation. This role plays an important part in implementing sound controls by reviewing critical reconciliation and control reports, identify issues with risk calculation and undertake steps to correct risk calculation as required. The process spans a number of control and reconciliation activities, some of which are automated while others are to be undertaken manually. The process also looks across all asset classes and multiple trade booking and risk calculation systems within HSBC.

Principal Accountabilities:

Impact on the Business
•Daily excess reporting out of all MENA sites
•Credit Limit Maintenance in TREATS (Treasury Trading System)
•Raising credit applications in CARM for Banks for onward submission to Group Risk for approval.
•Review critical reconciliation reports and identify transactions or counterparties with missing transactions or incorrect risk calculations
•Perform reconciliations as required to ensure completeness of risk calculations
•Calculate credit risk for non-standard transactions based on globally approved risk methodologies or as agreed with Credit Risk Management (CRM) team on a case-by-case basis

Customers / Stakeholders:
•Prepare and send out monthly mark-to-market information to corporate clients.
•Provide support to the Front Office in respect of approval of limit excesses, calculation of credit risk, and risk simulations.
•Regularly engage with the appropriate Relationship Managers, Product Managers and GroupRisk/Other Risk areas to provide advice and guidance on a geographic, sector or counterparty type basis.

Leadership & Teamwork:
•Suggest processes to improve the control environment.
•Periodic reviews and reporting of control issues for further review and escalation

Operational Effectiveness & Control:
•Periodic reviews and reporting of control issues for further review and escalation. Suggest processes to improve the control environment
•Adhere strictly to compliance and operational risk controls in accordance with HSBC and regulatory standards, policies and practices; report control weaknesses, compliance breaches and operational loss events.

Major Challenges:
The Dealing Room is a dynamic and continually changing environment. Consequently, the Support Functions, such as Risk, need to ensure that they are well equipped to deal with these changes, striking a balance between keeping barriers to growth to a minimum whilst ensuring that controls are not compromised. Given the potentially volatile and rapidly changing nature of the markets, the Treasury Credit is constantly ‘on call’, whether from the point of view of providing management information at such notice, validating risk figures, approving credit excesses, etc.

Role Context:
HBME Traded Credit Risk is a part of the Wholesale Risk team within Middle East Risk (MER), with a dotted line to the Global Head, Traded Credit Risk in London. The team is responsible for monitoring credit risk arising from trading activities against approved limits. One of the key responsibilities is to ensure that counterparty credit risk is captured correctly in the various limits and risk calculation systems, intervening where required to correct the risk calculations and to capture missing elements of risk where appropriate.

Requirements

Knowledge & Experience / Qualifications:
•Knowledge of Credit Risk, Treasury products, operations, systems and related regulations.
•Good organizational, communication, and interpersonal skills
•Strong analytical skills desirable, but not essential.
•Good eye for detail
•Ability to work with large volumes of data and in a complex systems environment
•Highly proficient with Excel, Word and PowerPoint
•Excellent English, written and spoken
•Ability to prioritize daily workload to ensure timely completion of duties.
•Perform according to prescribed procedures

About the Company

Headquartered in London, HSBC is one of the largest banking and financial services organisations in the world. HSBC's international network comprises around 7,500 offices in over 80 countries and territories in Europe, the Asia-Pacific region, the Americas, the Middle East and Africa.

With listings on the London, Hong Kong, New York, Paris and Bermuda stock exchanges, shares in HSBC Holdings plc are held by over 221,000 shareholders in 127 countries and territories. The shares are traded on the New York Stock Exchange in the form of American Depositary Receipts.

HSBC provides a comprehensive range of financial services to around 95 million customers through four customer groups and global businesses: Personal Financial Services (including consumer finance); Commercial Banking; Global Banking and Markets; and Global Private Banking.