- Global Regulatory Policy (‘GRP’) is responsible for establishing HSBC’s Group level, and certain regional level, regulatory capital policies, and for advising the firm’s business lines of the impact of these policies upon transactions and new products.
- GRP provides technical regulatory capital support and guidance to functions, businesses, and legal entities across a wide range of transactions and regulatory issues, providing challenge and governance to mitigate regulatory risk. GRP continuously monitors new rule developments and other ongoing changes to the prudential regulatory capital landscape. GRP covers all aspects of prudential policy, including risk weighted assets (RWAs), capital resources, and the leverage ratio, across a full range of risk areas e.g. credit risk, counterparty credit risk, securitisation, market risk, etc. GRP is currently organised as a global team with a physical presence in the UK, US, Hong Kong, France, India, and Mexico.
- This is an exciting opportunity to join the GRP’s presence in London with a key focus on the Basel III Reforms. Specifically, the role will be critical to the analysis and interpretation of the wide-reaching Basel III reforms and the legislation to implement those changes. The role will cover a full range of risk types and will be responsible for driving forward all GRP Basel III Reform deliverables. This includes the firm’s associated advocacy efforts on consultations and draft legislation issued by HSBC’s regulators. The role holder will also be required to advise on the regulatory policy requirements applicable to Basel III Reform quantitative impact studies and associated capital management forecasting. The role will be based in Canary Wharf, London.
- The GRP function ensures timely review and notification of new developments in prudential policy regulation which impact the calculations of RWAs, leverage ratio, and capital resources, as well as any related regulatory reporting impacts, and provides policy support as part of advocacy and implementation efforts. The successful candidate will also support such activity, including the review of transactions and new products from a regulatory policy perspective. As part of the GRP team, the successful candidate will also form part of certain global subject matter expert (‘SME’) teams, which provide expert technical regulatory support.
Knowledge & Experience / Qualifications
- Strong working knowledge of the prudential rules related to the calculation of regulatory capital, RWA - both banking and trading book, leverage ratio, and capital resources (including Basel standards, PRA and EU regulatory rules related to each of these areas);
- Excellent communication skills, both written and verbal;
- Strong problem solving skills;
- Strong control mind-set with the ability to support other control functions who are responsible for ensuring the regulatory capital requirements are followed;
- A proven ability to work and thrive across a multi-location team;
- Professional approach and presentation, ability to manage a wide range of stakeholders including senior management
- A good understanding of the regulatory treatment of a broad range of financial products, particularly those related to Global Banking and Markets, would also be desirable;
- Ability to act as an advisor and challenger to business lines and other control functions on all aspects of regulatory policy;
- Ability to formulate and articulate defensible interpretations of ambiguous rule text; and
Ability to prioritise competing deliverables for a broad range of stakeholders.