Fixed Income Market Risk Manager London, England
Job description
The Fixed Income MRM represents the Market Risk Management (MRM) function in the risk management of London based Credit and Rates trading business lines. In this role the risk manager will be responsible for identification of key markets related risk issues for London activity setting market risk limits, reviewing new products, assisting with key regulatory initiatives, managing the development of key risk system infrastructure and communication/elevation of key issues in order to maintain rates markets risk management of the highest possible standards.
The person in this role will demonstrate outstanding leadership and management skills with respect to direct reports, as well as MRM and Fixed Income markets focused personnel in other support areas. They will also need to establish a very strong partnership with front office business management, credit risk management, capital management, regulatory finance, the quantitative model review group & IT whilst maintaining the ability to question and contest as necessary.
We are currently seeking an experienced individual to join this team in the role of Fixed Income Market Risk Manager, Interest Rates focus.
In this role, you will:
- Provision of market risk management information to senior management as necessary to enable decision making with regards to positions
- Provide management with expert advice on market risk and VaR related regulatory charges and controls
- Implementation of systems strategy to ensure that the market risk function is able to effectively and efficiently perform its core functions.
- 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
- Development of stress testing scenarios, reverse stress testing and the stress testing platform
- Oversight of the market risk monitoring processes with respect to market conditions, regardless of whether close or in excess of limits, and escalation of any identified inappropriate activity to senior management
To be successful in this role you should meet the following requirements:
- Outstanding in depth knowledge of Rates markets and products
- Solid experience in Market Risk Management and / or Fixed Income Trading
- Strong stakeholder engagement experience
- Experience working with project teams
The base location for this role is London, 8 Canada Square. The role is hybrid but will require office work 2 days per week within the London office.
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.
