Job Description

Job description

Global Risk is a thriving and expert risk management function supporting HSBC globally with all aspects of risk management. The team actively manages a varied and dynamic range of risk types, including security, fraud, information security, contingency, geopolitical, operational, credit, pension, insurance, financial crime and regulatory compliance, treasury, and reputation risks. All parts of the Global Risk team use their skills, insight, and integrity to handle established threats and those they see emerging, acting to protect and enable HSBC to deliver sustainable growth.

We are currently seeking an ambitious individual to join our team as Liquidity Risk Manager, working together with colleagues to define, manage and achieve divisional business targets.

Role Purpose

This is a senior role reporting directly into the Global Head of Liquidity Risk. The selected candidate will be responsible for providing independent risk oversight of processes relating to liquidity risk management, measurement, and reporting, and participate in and support Risk and Global Treasury transformation programmes with regard to liquidity management. The role holder will work closely with the Liquidity Risk Assurance function to ensure control design and operating effectiveness across a range of Financial and non-Financial Risk processes. This role requires a deep understanding of liquidity risk, in terms of both first-hand management and the reporting of liquidity and funding risks.

The candidate is expected to have a strong understanding of best practice and regulatory expectations for enterprise risk management. The risk function provides oversight over all first line activities, including the risk appetite framework, limits and controls for business activities and data.

The role also requires a fundamental understanding of all business line activities and their impact on the liquidity position of the bank.

In this role, you will:

• Develop and execute a comprehensive and granular programme of liquidity second line of defence, working closely with Global Treasury ensuring appropriate measurement, monitoring and management of liquidity and key liquidity metrics.
• Provide independent and effective review and challenge of key Liquidity processes (including ILAAP, Recovery and Resolution Planning, regulatory reporting) and liquidity programmes of work. Provide subject matter expertise, advice, guidance, and effective challenge to the Risk and Control Owners.
• Review stress testing processes as it pertains to liquidity including but not limited to the scenarios that are chosen for the stress tests and assumptions made on liquidity of both assets and liabilities. Perform and document independent analysis on the assumptions to ensure independent viewpoint. Support and refine existing stress model assumptions and controls (limits, guidelines, model framework).
• Review both liquidity risk management policies, limits, standards, controls, metrics, and thresholds and ensure they are within the defined corporate standards approved by the Board and ALCO. This includes annual reviews of the Contingent Funding plan.
• Review Front Line Units and the Enterprise\xe2\x80\x99s controls and governance processes to ensure Liquidity Risk is managed in accordance with the firm\xe2\x80\x99s Risk Appetite and that the proper risk framework is deployed to measure, monitor, and control the risk.
• Work with Finance, Risk, and Markets Treasury to ensure requisite support for activities, including consistencies in framework, methodologies, and reporting and improved liquidity management analysis in external reporting.
• Build relationships with a diverse range of stakeholders across Risk, Group Treasury, ALCM, Markets Treasury, and front-line businesses.

Requirements

To be successful in the role, you should meet the following requirements:

• Typically, qualifications would include an undergraduate or post-graduate degree in relevant numerate subject. Qualifications in accounting and/or finance is beneficial (CPA, CFA, FRM, etc.)
• Practical experience of liquidity risk management within a large international financial institution.
• Practical experience of funding gaps and the importance of liquidity management.
• Good working knowledge of Liquidity Regulations and reporting requirements.
• Working across all levels of an organisation to understand cross-functional linkages and interdependencies, as well as the implications of risk at both a strategic level and at the business unit level, with good understanding of other areas e.g. Finance, Accounting, Operational, Legal, etc.
• Good knowledge of vanilla and complex derivative markets products and relevant traded markets, and cross market funding and asset transformation. Understanding how a bank squares its balance sheet and the demands this puts on liquidity \xe2\x80\x93 identifying uses of the balance sheet.
• Has developed a high level of professionalism and competency which helps to determine solutions around appropriate risk measures, risk processes, risk monitoring and management.
• Experience in addressing regulatory and audit requests.

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: hsbc.recruitment@hsbc.com
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.

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