Description
We are seeking a Vice President, Prime Risk to provide first line of defense risk management for the Prime Finance, Foreign Exchange (FX) Prime Services and Derivatives Clearing Services (DCS) businesses.
The successful candidate will be responsible for setting appropriate margin levels, controlling the amount of leverage/financing provided, negotiating strong risk terms in legal documentation with clients, setting appropriate client-facing limits, and proactively monitoring the risk within the portfolio.
Key responsibilities include:
- Managing the exposure of the bank to its clients through setting appropriate margining and risk limits for clients
- Helping the business develop products/solutions that are both sound from a risk management perspective and attractive to clients
- Engaging with clients to agree risk/margining terms that balance the needs of the client with those of HSBC
- Keeping management aware of key risks within the hedge fund portfolio and helping to define an understanding of the appetite for these risks
- Finding the right balance between business risk appetite, firm risk appetite and client needs
The ideal candidate will have:
- A Markets background and an understanding of how to measure and manage the market risk of derivatives contracts across all asset classes
- A good understanding of counterparty risk; experience with hedge funds in particular would be an asset
- Familiarity with the bank’s risk (credit and/or market risk) and trading systems would be a strong advantage
- Strong communication skills and the ability to manage relationships effectively with a range of different stakeholders
- The ability to manage time and balance multiple priorities effectively
- SIE, Series 7 required
As an HSBC employee, you will have access to tailored professional development opportunities to ensure you have the right skills for today and tomorrow. We offer a competitive pay and benefits package including a robust Wellness Hub, all in a welcoming and inclusive work environment.