Sme-gmmo-rvq and R Gsc's

**Business**:Global Markets Middle Office - RVQ - PRTC**

**Open positions: 1**

**Role Title: SME-GMMO-RVQ AND R**

**GCB: 5**

**Location **_(Country / City):_**_ Bangalore_**

**Why join us?**

The Position and Risk Transfer Control team within Markets Middle Office - Risk Valuations & Quality Data team in Manila manages the daily FX and IR buy-in risk transfer control process across HBAP.

The team is comprised of individual contributors that are control orientated, risk professionals who are very agile and dynamic to the changing regulatory and economic banking and markets landscape. We support Australia, Bangladesh, China, Hong Kong, India, Japan, South Korea, Macau, Mauritius, New Zealand, Philippines, Singapore, Sri Lanka, Taiwan, Thailand and Vietnam sites.

**The Opportunity**:
The purpose of the role is to report in a timely and accurate manner, all material non-Global Markets FX (Foreign Exchange) positions in the bank to Global Markets and also transfer all material non-markets IR (Interest Rate) risk to Markets Treasury, which have the mandate to manage these risks accordingly.

Failure to do so exposes the bank to a serious risk of losses as transactions which could have been hedged at market rates are left open when exchange rates may move against the bank’s position.

This process is called the FX and IR buy-in process and the data download, report generation and reconciliation is prepared by the Position and Risk Transfer Control Analyst/SME on a daily basis.

A robust FX and IR buy-in process is especially important in times of market volatility.

**What you’ll do**:

- Manage the end-to-end process for all retail FX and IR buy-in process with a key focus on the IR process.
- Engage with senior stakeholders in ALCM
- Be able to perform roles of a Business Analyst and Project Manager
- Perform the daily analysis and reconciliations across TREATS (Treasury) and HUB (Retail) systems.
- Ensure that processes adhere to appropriate quality standards, with reference to internal and external compliance rules, and are comprehensively documented. Ensure that cover for running each process is adequate within the team by ongoing training and development of staff
- Ensure the quality of data inputs and FX / IR position is sound, through designing and implementing appropriate controls and checks.
- Communicate issues, root cause and potential options to remediate.
- Review risk reports before they are distributed to traders and dealers and ensure SLAs are being adhered
- Provide insight into opportunities to improve the process and controls in a changing regulatory environment
- Participate in user testing of system enhancements or changes to ensure impact on reconciliation and reports is as desired.
- Design & implement MIS reports to assist with more pro-active management of risk by front office and ops/risk managers.
- Collaborate and partner with relevant stakeholders to ensure end to end process is connected and streamlined.
- Maintain adequate effort to ensure proper reconciliation of notified deals and correct reporting of the non-notified positions.
- Maintain adequate efforts to ensure timely delivery and consolidation of FX and IR buy-in reports to FO and management.
- Ensure that issues are resolved before they bring material impact to the daily business. Key position change is substantiated and reported accordingly.
- Ensure reconciliations breaks are identified and fixed per task deadline.
- Effectively work and interact with staff at all levels within and outside department.
- Work collaboratively with teams as a constructive team member.
- Work effectively with individuals of different views and culture.
- Able to manage priorities and workload within schedule and work standards.

Requirements

**What you will need to succeed in the role**:

- Greater than 6 years of experience in the Financial Service Industry, preferably in a Market Operations or Product Control.
- Demonstrated ability in Projects (PM or BA) and decision making
- Experience with reconciliations and excel based reporting.
- Strong Excel skills required
- Experience in documenting processes, developing KPIs and troubleshooting.
- Lateral thinking and ability to explain complex issues in a simple but informative manner
- Well-organized with a good attention to detail.
- Ability to work under pressure and to tight time-lines
- Excellent communication skills.

**What additional skills will be good to have?**
- Retail/Markets Foreign Exchange and Interest Rate banking product knowledge is desired.
- VBA and Access skills desirable
- Qualification in finance, accounting or business management is ideal.

**Issued By HSBC Electronic Data Processing (India) Private LTD**

**_ The information contained in this job description is a true and accurate reflection of the job as specified_