Liquidity Risk Manager Full Time

Full Job Description

Role Title: Liquidity Risk Manager

Business: Risk

New or Existing Role-New

Grade:GCB4

Role Purpose

The selected candidate will be responsible for providing independent risk oversight of liquidity risk management for the Group
This role requires deep understanding of best practice and regulatory expectations for enterprise risk management. The risk function provides oversight over all first line activities, including the risk appetite framework, limits and controls for business activities and data.
Role also requires a fundamental understanding of all business line activities and their impact in the liquidity position of the bank.

Key Accountabilities

Impact on the Business

Execute a comprehensive and granular programme of liquidity second line of defence. Ensure that procedures and controls are performing as designed.
Support the build out of an effective Liquidity risk management second line function.
Review entire stress testing process as it pertains to liquidity including but not limited to the scenarios that are chosen for the stress tests and assumptions made on liquidity of both assets and liabilities. Perform and document independent analysis on the assumptions to ensure independent viewpoint. Support and refine existing stress model assumptions and controls (limits, guidelines, model framework).
Provide analytical support to generate an independent viewpoint and document appropriate challenge(s) particularly relating to independent testing of assumptions.
Review both liquidity risk management policies, limits, standards, controls, metrics and thresholds and ensures they are within the defined corporate standards approved by the Board and ALCO. This includes annual reviews of the Contingent Funding plan.
Review Front Line Units and the Enterprise’s governance processes to ensure Liquidity Risk taken is in accordance with the corporation’s Risk Appetite and that the proper risk framework is deployed to measure, monitor and control the risk
Keep current on regulations relating to Liquidity Risk management issued and reviewed by the PRA, and any other relevant regulator.
Participate in data analysis and material preparation for regulatory exams and ad hoc analysis.

Customers / Stakeholders

Risk
Markets Treasury and ALCM
Group Treasury
Product Control
FO, Finance, and Risk IT
Provide senior management, the regulatory agencies and internal audit sufficient comfort that the requirement of a liquidity and second line of defence is met.
Utilize advanced modelling techniques, supplemented by expert judgment and qualitative evaluation, to drive a programme of validation and independent review that meets the requirements and framework as defined by Group policy.
Work with Finance, Risk, and Markets Treasury to ensure requisite support for activities, including consistencies in framework, methodologies, and reporting and improved liquidity management analysis in external reporting

Leadership & Teamwork

Partner with control functions (i.e. Finance, Risk) to leverage reports, routines, processes and systems.
Build relationships with all stakeholders
Positive feedback received from colleagues

Operational Effectiveness & Control

Development and implementation of effective processes systems supporting risk strategy
Development of efficient and streamlined liquidity processes
Ensure risk processes are operating via ongoing and formal review.

Manage internal and external audits, as appropriate. Support regulatory reviews and meetings.
Be aware of 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.
Ensure implementation of audit recommendations and maintaining satisfactory level of audits as required.
Ensure organizational compliance with all relevant internal rules, regulations and procedures that apply to the conduct of our businesses.
Ensure that the business operates using accepted industry-standard methodologies, practices, processes and principles.
Foster a compliance culture and optimise relations with regulators.

Major Challenges

Ensure roll out and adherence of Liquidity Risk function in line with the HSBC Risk Management Framework
Must adapt to the evolutionary nature of the Liquidity risk management second line framework and analytical processes.
Must be able to adapt to the changing regulatory expectations of liquidity risk in a timely manner.
Ability to speak up and challenge when necessary
Navigating a challenging regulatory environment
Adapt / develop policy where necessary

Role Context

The role holder is expected to work with a diverse range of stakeholders across Risk, ALCM, Markets Treasury and front-line businesses.
This role requires a deep understanding of liquidity risk, but more in terms of first hand management of liquidity rather than the reporting of liquidity.

Management Risk

The jobholder has responsibility to ensure that liquidity risks are managed in accordance with the Group Standards Manual, relevant FIMs, & relevant guidelines & standards including the Regulatory environment.

Observation of Internal Controls

Maintains HSBC internal standards, as they relate to Risk, including timely implementation of internal and external audit points together with any issues raised by external regulators.
Qualifications

Knowledge & Experience / Qualifications

Qualifications
Typically qualifications would include an undergraduate or post-graduate degree in relevant numerate subject
Qualifications in accounting and/or finance is beneficial (CPA, CFA, FRM, etc.)
Experience
Practical experience of liquidity management within the group, including part of larger Markets Treasury desk, or its equivalent at a rival bank.
Practical experience of funding gaps and the importance of liquidity management.
Good working knowledge of Liquidity Regulations
Exposure to demanding operational environments to gain insight into effective risk management applications.
Working across all levels of an organisation to understand cross-functional linkages and interdependencies, as well as the implications of risk at both a strategic level and at the business unit level.
Good knowledge of vanilla derivative markets products and relevant traded markets.
Working knowledge of complex derivative markets products and relevant traded markets.
Understanding how a bank squares its balance sheet and the demands this puts on the liquidity – identifying uses of the balance sheet.
Good knowledge of cross market funding, and asset transformation.
Good understanding of credit risk, the cost of credit, and the effects of limiting credit.
Proven technical competency with system infrastructure.
Good understanding of other areas e.g. Finance, Accounting, Operational, Legal, etc.
Detailed understanding of HSBC overall business dynamics.
Network across HSBC Group & the Banking industry
Has developed a high level of professionalism and competency which helps to determine solutions around appropriate risk measures, risk processes, risk monitoring and management.
Experience in addressing regulatory and audit requests.
Established financial and accounting acumen.
Skills
Mathematically numerate.
Excellent written skills, on technical topics
Ability to achieve desired outcome through the use of constructive debate.
Ability to find simple and pragmatic solutions to complex problems, balancing the desire to build models with strong theoretical foundations with the need to develop models that can be explained and tested easily.
Good communicator.

We are a diverse workforce and it is part of our organizational culture, it reflects our belief that diversity of thought, background and perspective make HSBC a stronger organization. We strive to implement a culture that is inclusive, diverse, positive and performance-oriented. Having a diverse workforce allows us to benefit from a variety of perspectives and strengthens our local and global competitiveness. We value diversity in our workforce and encourage all qualified candidates to apply from a variety of perspectives and strengthens our local and global competitiveness. We value diversity in our workforce and encourage all qualified candidates to apply.

As a business operating in markets all around the world, we believe diversity brings benefits for our customers, our business and our people. This is why HSBC is committed to being an inclusive employer and encourages applications from all suitably qualified applicants irrespective of background, circumstances, age, disability, gender identity, ethnicity, religion or belief and sexual orientation.

We want everyone to be able to fulfil their potential which is why we provide a range of flexible working arrangements and family friendly policies.

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