Vice President Global Risk Analytics

Location: New York

Our purpose – Opening up a world of opportunity – explains why we exist. Here at HSBC, we use our unique expertise, capabilities, breadth, and perspectives to open up new kinds of opportunity for our more than 40 million customers. We’re bringing together the people, ideas and capital that nurture progress and growth, helping to create a better world – for our customers, our people, our investors, our communities, and the planet we all  compliance with applicable laws, HSBC is committed to employing only those who are authorized to work in the US.

Applicants must be legally authorized to work in the U.S. as HSBC will not engage in immigration sponsorship for this position.

HSBC Americas is engaged in business in credit derivatives, emerging market and emerging market derivatives, mortgage, equity derivatives, fixed-income and interest rate derivatives, FX (Foreign Exchange), and commodities etc.  Extensive risk models have been developed and well-documented to support these business activities. With Regulatory Stress Tests, methodology development and implementation, trading activities/strategies and risk management are more than ever driven by risk weighted return in the form of capital requirements, or risk weighted assets.

At the meantime, risk engines are constantly being enhanced/consolidated to accommodate new regulations and anticipated changes. The mandate Risk Quantitative Analyst is to join the Global Risk Analytics team to research, develop and enhance traded risk methodologies, provide methodology support to regulatory stress test, businesses, traded risk management and control functions, interacting with regulatory agencies, and maintain and update the traded risk methodology documentation.

As our Vice President Global Risk Analytics you will:

Review, validate and document risk methodologies across asset classes

Work on model assessment, monitoring tests, model performance and review and model risk governance. Responsible for conducting monthly model performance and review, investigating potential model performance issues and identifying areas for model enhancement

Manage the counter party credit risk exposure for capital, limit and CVA (Credit Valuation Adjustment) calculation. According to regulatory standards to identify weaknesses and propose enhancements to satisfy all regulatory requirements and regulatory stress test)
Perform ad-hoc analysis in various aspects of risk measurements, stress tests, what-if analysis on the existing portfolios and during new product/transaction approval; and on demand quantitative support for businesses, and traded risk management and control functions

Work with the team to: develop advanced risk methodologies including sophisticated quantitative methodologies to measure counter party credit and market risk exposures, and to enhance Value-at-Risk model, etc. Research and develop new risk methodologies to satisfy requirements of BASEL 3 and other regulatory frameworks. Research and develop methodology to address regulatory concerns and toward audit points removal

Youll likely have the following qualifications to succeed in this role:

In depth knowledge on products and transactions in the various asset classes with solid understanding to their credit and market risk exposures and advanced quantitative methodologies to model and measure these risks.  Strong working experience in quantitative financial methodologies (derivatives theory and models, probability theory, Mathematics, etc.) is required

Expertise in risk modeling development/enhancement. Demonstrated ability and experience in Regulatory Stress test, CVA, counteryparty credit risk and market risk models, and regulatory capital calculation

Excellent verbal and written skills.  Must be able…