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About the Role
Provide "first line of defense" risk management for Prime Finance, Foreign Exchange (FX) Prime Services, and Derivatives Clearing Services (DCS) businesses. The role involves setting margin levels, controlling leverage, negotiating risk terms, setting client-facing limits, and monitoring portfolio risk to ensure business risk stays within mandates and credit limits.
Responsibilities
- Manage the bank's exposure to clients by setting appropriate margining and risk limits.
- Assist the business in developing risk-sound and client-attractive products/solutions.
- Negotiate risk/margining terms with clients, balancing client needs with HSBC's requirements.
- Inform management about key risks in the hedge fund portfolio and define risk appetite.
- Balance business risk appetite, firm risk appetite, and client needs through stakeholder engagement.
- Make risk decisions considering potential loss severity against likelihood.
- Independently make risk management/margining decisions, escalating to senior management as needed.
- Operate within trading mandates and permitted instruments lists.
- Proactively manage policy exceptions and collaborate with management, trading heads, and the independent risk function on change initiatives.
Requirements
- Markets background with an understanding of measuring and managing market risk of derivatives across all asset classes.
- Good understanding of counterparty risk; experience with hedge funds is an asset.
- Familiarity with the bank's risk (credit and/or market risk) and trading systems is a strong advantage.
- Strong communication skills and ability to manage relationships effectively with diverse stakeholders.
- Ability to manage time and balance multiple priorities effectively.
- SIE, Series 7 required.
- Applicants must be legally authorized to work in the U.S. as HSBC will not engage in immigration sponsorship.
Skills
- Risk Management
- Market Risk
- Counterparty Risk
- Derivatives
- Stakeholder Management
- Communication
- Time Management
- Negotiation
Location
- US
Work Type
- Full-time
Experience Level
- Vice President
Benefits
- Tailored professional development opportunities
- Competitive pay and benefits package
- Robust Wellness Hub
- Welcoming and inclusive work environment
- Industry-leading volunteerism policy
- Generous matching gift program
- Comprehensive program of immersive Sustainability and Climate Change Initiatives
- Employee Resource Groups
About the Company
- HSBC's purpose is Opening up a world of opportunity.
- HSBC uses its unique expertise, capabilities, breadth, and perspectives to open up new kinds of opportunity for its customers.
- HSBC brings together people, ideas, and capital to nurture progress and growth, helping to create a better world for customers, people, investors, communities, and the planet.
Equal Opportunity
- All qualified applicants will receive consideration for employment without regard to age, ancestry, color, race, national origin, ethnicity, disability or medical condition, genetic information, military or veteran service, religion, creed, sex, gender, pregnancy, childbirth, caregiver status, marital status, citizenship or immigration status, sexual orientation, gender identity or expression or any other trait protected by applicable law.