Based in London, the Analyst will help to support various new initiatives in a team responsible for ensuring the production of complete, accurate and timely, risk and valuation data. The role will support managing the operation and controls as is today, but also support the articulation and delivery of the new target operating model as required under the Bank's various Future State programmes. The team will have staff based in the Bank's major hubs in order to engage with the relevant stakeholders and act as the key conduit for the main operations performed in the Global Service Centres (GSC).
The role is to support one of the core components within Risk & Valuations Data Quality (RVQ) - Market Risk Data. The key elements of this role will be:
Support the implementation of standardised risk and valuation data provision, providing a support service model to all end users. Data needs to be delivered efficiently and within a robust control framework, for areas such as PC, Reg Finance, Traded Risk and Front Office.
Analyse, Implement and Support alignment of Market Risk Data & Control processes across different locations and asset classes
Assist in strengthening the control framework around market data flows, through building an understanding of existing practises and helping to define requirements and business process changes to improve controls.
Support knowledge transfer where required to the GMMO offshore locations to ensure processes can be embedded and executed in a well-controlled, robust and timely manner where required.
Support various new initiatives related to data governance and control such as CDO & support/establish necessary data governance practices
Support the Head of Market Risk Data RVQ as required
The role will require strong technical, communication and interpersonal skills and the ability to work in partnership with a wide range of stakeholders and customers globally
The role will require innovation, creativity and strong delivery focus within a structured and well controlled operating environment Major challenges
Assist in documenting requirements and operating models in an evolving landscape
Managing many parallel competing data deliveries in a globally diverse organisation
Improving the efficiency and controls in the face of cost and regulatory challenges across both HSBC and the Industry
Experience and Qualifications:
Prior Middle Office, Market Risk or Finance/Product Control essential
Experience from a Tier One bank preferred, but not essential
Strong understanding of the investment banking business and products - knowledge of front to back processes within an Investment / Capital Markets environment is essential
Highly numerate and strong understanding of financial maths and derivation of risk sensitivities across asset classes is essential, full understanding of Value at Risk and other risk measures.
Knowledge in VBA, SQL, Active Pivot, Office quite essential
Prior exposure to market data and curve construction advantageous
Data management and data governance experience advantageous
Robust understanding of trade and transaction lifecycle and associated risk and controls
Relevant experience of dealing with Front Office (preferably from a trading floor environment), Middle Office and Back Office stakeholders