Assurance Manager, Regulatory Reporting, Traded Risk

Assurance Manager, Regulatory Reporting, Traded Risk

Brand: HSBC

Area of Interest: Risk and Compliance

Location: London, GB, E14 5HQ

Work style: Hybrid Worker

Date: 27 Feb 2025

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.

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 seeking an ambitious individual to join our team as a Traded Risk Senior Manager performing Risk Stewardship over Regulatory Reporting.

The purpose of the role is to support the establishment of the Traded Risk Regulatory Reporting Assurance function and apply Subject Matter Expertise to this activity. This function will be responsible for providing risk stewardship, design and effectiveness testing on Traded Risk activities related to regulatory reporting, covering both Financial and non-Financial Risk processes.

The Regulatory Risk Assurance function within Traded Risk is currently being established. The role holder will also be responsible for developing our approach to Risk Stewardship in this area, interaction with a similar Treasury Risk team and with the wider Traded Risk team.

As Traded Risk Senior Manager - Regulatory Reporting, the successful candidate will form part of the team establishing Regulatory Risk Assurance in Traded Risk. In this role, you will:

1. Ensure that the approach to Traded Risk Assurance is appropriately defined and scoped, promoting and implementing synergies and efficiencies while securing an optimal and best in class control environment.
2. Challenge control and risk owners to ensure that risk management activities are working effectively. This includes the following activities:
1. Provide subject matter expertise, advice, guidance, and effective challenge to the Risk and Control Owners;
2. Monitor compliance with the minimum requirements applicable to the management of Traded Risk, as set out in relevant policies.
3. Be aware of impacts of external environment changes, emerging risks and changes to the business strategy;
4. Work with the business to understand the impact of emerging risks that require changes to controls, resources and business operations to ensure they remain within appetite;
5. Support definition of minimum control standards, with input from Risk Owners, and Control Owners, specifying key risks and key controls and providing guidance on continuous monitoring expectations;
6. Recommend Risk and Control Assessment ("RCA") scoping, and challenge where this is not appropriately applied in the RCA;
7. Challenge Risk and Control Owners on risk and control management, including inherent risk, residual risk, control effectiveness ratings, issues, actions and events.

To be successful in the role, you will be able to evidence nearly all of the following:

1. Exceptional drive, commitment and focus in operational excellence
2. Relevant Traded Risk and Control knowledge
3. Ability to work in a dynamic environment with proven ability to handle multiple outputs at one time
4. Strong interpersonal and negotiation skills, with experience in a complex operational environment
5. Knowledge of regulatory compliance procedures
6. Excellent business writing, communication, presentation and influencing skills
7. A high level of professionalism and competency which helps to determine solutions around appropriate risk measures, risk processes, risk monitoring and management.
8. Communication and interpersonal skills, including the capacity to articulate the case for risk management in the language of business;

You'll achieve more when you join HSBC.

This role has been designated as an Enhanced Vetting Role.

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