Vice President - Prime Finance - Risk Management - Bank

VP - (Head) Prime Finance in a Leading Global bank - Bangalore

Location : Bangalore

Major Challenges (The challenges inherent in the role that require a continual test of the role holder's abilities)

- Find right balance between business risk appetite, firm risk appetite and client needs. This will require constant engagement/calibration with management and stakeholders and draw on the role holder's risk knowledge as well as stakeholder management and influencing skills.

- Decision-making in a complex and uncertain environment. The risks faced by the business manifest themselves under unlikely events. Furthermore, in many cases decisions will be made based on incomplete information. Risk decisions need to consider the severity of losses that could occur but balance these against the likelihood of them occurring.

- The role is split across multiple asset classes with competing demands, requiring the role holder to manage priorities effectively with stakeholders and within the regional team.

Role Context (The environment and operating conditions of the role including the extent of guidance and authority)

- The role holder will be responsible for business risk management in respect of hedge fund clients within Global Markets.

- The role holder will be expected to make independent decisions with respect to risk management / margining and escalate to senior management within guidelines or when appropriate.

- Need to operate within trading mandates and permitted instruments lists given to these businesses by Traded Risk and limits set by Credit against the business's clients.

- The role holder is expected to proactively manage exceptions to policy, working with the management of the business, heads of trading and the independent risk function.

- The role holder will work with these same stakeholders on change initiatives and must help ensure that impacts of these initiatives are well understood and mitigated appropriately.

Management of Risk (Operational Risk / FIM requirements)

- Risk management is at the heart of the role - the desired outcome is that HSBC's losses arising from hedge fund defaults are avoided or minimized, and in all circumstances HSBC is aware of from where these losses are most likely to originate.

- The jobholder will ensure the fair treatment of our customers is at the heart of everything we do, both personally and as an organisation. The jobholder will also continually reassess the operational risks associated with the role and inherent in the business, taking account of changing economic or market conditions, legal and regulatory requirements, operating procedures and practices, management restructurings, and the impact of new technology. This will be achieved by ensuring all actions take account of the likelihood of operational risk occurring. Also by addressing any areas of concern in conjunction with entity management and/or the appropriate department.

Observation of Internal Controls (Compliance Policy / FIM requirements)

- Maintains HSBC internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators.

- As a Markets employee the role holder must comply with all conduct and Global Standards policies applicable to front office staff and escalate appropriately to management and compliance.

Role Dimensions (e.g. balance sheet size, lending/expenditure limits, size/volume of transactions, budget. in USD- 000)

- The role holder will be part of a team responsible for the risk management (first line of defence) of Prime Finance, FX Prime and DCS exposures globally.

Headcount reporting to this role Direct: 0 Indirect: 0 Total: 0

Knowledge & Experience / Qualifications (For the role - not the role holder. Minimum requirements of the role.)

A Markets background and an understanding of how to measure and manage the market risk of derivatives contracts, across all asset classes with particular focus on equities and foreign exchange.

The role holder must have both practical risk management skills and quantitative skills as the role will involve both day-to-day risk management and model development. A good understanding of counterparty risk and hedge funds in particular would be an asset. Finally, a background involving work with risk (credit and/or market risk) management systems would present a strong advantage.

The candidate must have strong communication skills and be able to manage relationships effectively with a range of different stakeholders. The candidate needs to be able to manage time and balance multiple priorities effectively.

Shraddha Mehta