The Off Market Rate Check Assistant Manager provides assurance that the Global Markets business is operating within risk appetite with respect to trade capture and inappropriate trading by overseeing and challenging the all in trade price executed by the business with reference to specific thresholds. The impact of the objectives of this role not being met would render the firm being exposed to inappropriate trading and trade capture risk. Your responsibilities will include:
Assists management with the transfer of the Off Market Rate Check (OMRC) function from Product Control to Surveillance
Drives the implementation of the OMRC framework as a global risk control function
Leads the review of the OMRC India team performance
Assists management in challenging the Markets business with regards to both management of specific risks and overall operational risk management
Identifies and escalates areas for operational risk management improvements in a Global Business / Function including where dispensations to policy are required
Deliver fair outcomes for our customers and ensure own conduct maintains the orderly and transparent operation of financial markets
Networks and builds relationships with stakeholders, anticipating and identifying their needs
Develops close and effective working relationships with stakeholders to ensure common understanding of critical issues
Ensures ability to meet the skill development needs of each member of their team, where appropriate, in order to deliver appropriate and sustainable outcomes for stakeholders
Supports embedding of an appropriate operational risk culture through the Global Business / Function
Communicate a clear vision for OMRC that is aligned to the overall HSBC vision, Values and goals, and inspires and engages people to create an inclusive, high performing, customer-centred culture.
Lead, develop and motivate the India team to attract, retain and develop the capacity, capability and talent to provide for succession and ensure delivery of business objectives.
Set expectations, share best practice and manage, monitor, coach and develop team leaders and others to ensure that they maximise their performance, meet the required standards, and continuously develop their capabilities and experience.
Lead and encourage constructive cross-country and cross-business teamwork by demonstrating collaboration and matrix management in action and challenging actions and behaviours that are not consistent with HSBC's diversity policy and/or the best interests of the business and its customers
Manage the processes, infrastructure and resources needed to deliver agreed team plans and targets, identifying and implementing improvements and collaborating with colleagues to maximise end to end integration, effectiveness and efficiency
Maintain a robust and efficient control environment across operational risk to ensure good operational, financial and project management and compliance with HSBC policy and procedures, together with early identification and effective resolution or escalation of issues that arise.
Lead the development, implementation and maintenance of a global management information, analysis and reporting framework that supports and informs timely and effective business management and decision making at all levels.
Lead the implementation and oversight of operational risk policy and governance frameworks, procedures, practices and standards to ensure quality, effective risk management and regulatory compliance.
The ideal candidate for this role will have the below experience and qualifications:
Prior experience of OMRC would be preferable
Experience of Global Markets and products traded therein is essential
Qualified accountant with a Product Control background is preferred
Ability to support decisions with sound reasoning. Ability to clearly articulate business and regulatory implications of analysis and findings.
Excellent understanding of trade lifecycle, P&L and Risk is essential.
Strong analytical skills.
Evidence of collaboration with key stakeholder functions as well as providing credible challenge to the business/desk supervisors in their daily risk management.
Evidence of engagement in project management / change initiatives.
Strong communication and negotiating skills.
Set and achieved challenging short, medium and long term goals which exceeded the standards in their field
A flexible and adaptable management style with experience of developing yourself and others
Excellent written and spoken communication skills; an ability to communicate with impact, ensuring complex information is articulated in a meaningful way to wide and varied audiences
Built effective networks across business areas, developing relationships based on mutual trust and encouraging others to do the same
The base location of this role will be 8 Canada Square, London. Within HSBC certain roles are designated as Enhanced Vetting Roles. For these roles, all internal and external applicants are required (subject to local laws), to pass satisfactorily a series of additional checks both as part of the application process and, if successfully recruited into the Enhanced Vetting role, on an on-going basis. The Group reserves its position with regard to any steps which it may take in relation to any material adverse findings which arise either when the checks are first carried out as part of this recruitment exercise, and/or if relevant, on an on-going basis.This role has been designated as an Enhanced Vetting Role. HSBC is committed to building a culture where all employees are valued, respected and opinions count. We take pride in providing a workplace that fosters continuous professional development, flexible working and opportunities to grow within an inclusive and diverse environment. Learn more about HSBC: https://youtu.be/TGVD_1gJU9o?list=PLGwUcoTj1_2rvUgUDnkz8zncNRqeK8xdU