Some careers have more impact than others.

If you’re looking for a career where you can make a real impression, join HSBC and discover how valued you’ll be.

HSBC Global Banking and Markets is an emerging markets-led, financing-focused business that provides investment and financial solutions. Through our international network, we connect emerging and mature markets, covering key growth areas. We partner with our corporate, government and institutional clients to help them achieve consistent, long-term performance. Our products and services include advisory, financing, prime services, research and analysis, securities services, trading and sales and transaction banking.

We are currently seeking an ambitious individual to join our team as a Associate Director, working together with colleagues to define, manage and achieve divisional business targets.

Role Purpose

The Trading Facilities and CCP Management (TFCM) team has been created to recognise the interconnected nature of the execution and clearing landscape across all asset classes. The purpose of this centralised team is to provide consistent global oversight and governance across all intermediaries related to trade execution and clearing, encompassing: Brokers, Trade Venues (OTF, MTF, SEF), Exchanges and CCPs.

The team provides a holistic view of the risks towards these critical intermediaries, whilst optimising the business operating model.

In this role, you will:

• Be responsible for conducting due diligence reviews of all CCPs that HSBC accesses, directly or indirectly, on a regular basis, including face-to-face meetings with the CCP, documentation review and peer comparisons.
• Review of any Clearing Brokers that are used to access CCPs.
• Ensure due diligence reviews are consistent by applying the approved benchmarking process.
• Follow up with CCPs regarding the findings and conclusions of due diligence reviews; document actions taken and follow-up requirements.
• Provide key inputs to individual credit assessments for CCPs, including credit limit proposals, based on due diligence results and risk appetite.
• Work closely with the broader FEC team on financial risk areas where required, especially where the principles of CCP risk management can inform the best risk management practice elsewhere.
• Conduct thematic reviews of risks identified across the CCP portfolio. Present to relevant internal risk forums.
• Own the CCP Exposure database and assist in the development and enhancement of the reporting of HSBC’s CCP exposures, ensuring that relevant information is obtained and reviewed for each CCP.