Audit Manager London, England
Job description
Some careers open more doors than others.
If you’re looking for a career that will unlock new opportunities, join HSBC and experience the possibilities. Whether you want a career that could take you to the top, or simply take you in an exciting new direction, HSBC offers opportunities, support and rewards that will take you further.
Global Internal Audit provides independent, objective assurance to management and the risk and audit committees as to whether the framework of risk management, control, and governance processes, as designed and represented by management, is adequate and functioning.
As an HSBC employee in the UK, you will have access to tailored professional development opportunities and a competitive pay and benefits package. This includes private healthcare for all UK-based employees, enhanced maternity and adoption pay and support when you return to work, and a contributory pension scheme with a generous employer contribution.
We are currently seeking an experienced individual to join this team in the role of Audit Manager.
Role Purpose
Model, Traded and Treasury Risk Audit is a global team within the Global Internal Audit (GIA) department.
The job holder will be responsible for conducting regulatory required and risk based annual audit globally within the organisation.
The job holder will work with the Traded Risk and Treasury Risk Management team globally covering all aspects of Traded Risk (Market and Counterparty Credit Risk) and Treasury Risk (IRRBB, Liquidity Risk, Capita Risk and, Non-Trading book FX Risk) responsibilities including governance, control framework as well as model methodologies. As a Subject Matter Expert (SME), the role will also involve supporting other audit teams to conduct Traded Risk reviews in countries outside of the Traded Risk Audit coverage.
The job holder will also take part in continuous monitoring activities through working with the business, validate any regulatory raised concerns on the function as well as working with the business on ad hoc regulatory required review. It will interface at senior levels within GBL INA, with other stakeholders and peers, internally and externally.
In this role, you will:
- Develop thorough understanding of the Traded Risk and Treasury Risk function and activities across the bank
- Support Traded Risk audits by reviewing the market risk and counterparty credit risk management and control activities such as the risk limit setting, reporting, monitoring, stress testing and the use of traded risk internal models.
- Review the governance and controls at the SLOD related to identification and measurement of Treasury Risks such as IRRBB, Structural FX, Liquidity risk. This includes the assessment of SLOD controls on NTMR key risk metrics reporting (eg. EVE, NII, LCR, NSFR), behavioural models, risk appetite and ICAAP.
- Identify and assess regulatory developments with respect to Traded Risk and Treasury Risk.
- Review the implementation of key regulatory initiatives through audit projects and continuous monitoring activities.
- Develop and maintain ongoing, consistent interaction with regional management and key internal/external stakeholders, ensuring that Audit services are adapted to meet stakeholder and regulatory needs.
- Work closely with data analytics specialists within Internal Audit to introduce innovative solutions for key risks identification and remediation.
- Follow-up, track and timely report material issues
- Constantly challenge the current and new risk management framework based on best practises and regulatory expectations
To be successful in this role you should meet the following requirements:
- Must have a thorough understanding of the Traded Risk function and responsibilities including governance, control framework and model methodology with respect to market risk, counterparty credit risk
- Preferably relevant product knowledge including knowledge of Fixed Income/FX/Equities/Credits
- Preferably experience working in relevant environments, i.e. Market Risk and/or Credit Risk
- Preferably past working experience in a relevant role, i.e. Big 4, Risk Management, Trading and/or Audit
- Ability to work effectively across a complex global matrixed environment
- Ability to work at flexible hours from time-to-time given the geographical location of each team member
- Good written and verbal communication and business partnering and consulting-type skills to ensure effective review of issues with senior stakeholders
- Proficient in Microsoft Office and good data analytic skills.
The base location for this role is London, Edinburgh or Birmingham.
You’ll achieve more when you join HSBC.
HSBC is committed to being an inclusive employer and providing an inclusive and accessible recruitment process for all. We will provide reasonable adjustments to remove any disadvantage to you being considered for this role. We are proud members of the Disability Confident Scheme, and will offer an interview to disabled candidates who meet the minimum criteria for the role. If you would like to receive any information in a different way or would like us to do anything differently to help you apply for our roles, please contact our Recruitment Helpdesk:
Email: [email protected]
Telephone: +44 2078328500.
Within the workplace you will have access to various employee resource groups which aim to promote and achieve a healthy work / life balance and support our diversity ambitions. HSBC has processes in place to avoid nepotism. This means we will avoid circumstances in which the appearance or possibility of conflicts of interest may exist within the hiring process.
