For Recruiters

Asset Management Risk Manager

HSBC
Luxembourg
Posted about 15 hours ago Hybrid Permanent Competitive
L
Posted by
Lu Recruitment
Recruteur

HSBC Holdings plc, the parent company of HSBC, is headquartered in London. HSBC serves customers worldwide from offices in 64 countries and territories in our geographical regions: Europe, Asia, North America, Latin America, and Middle East and North Africa. HSBC is one of the world’s largest banking and financial services organisations. 

HSBC provides a comprehensive range of financial services through three global businesses: Commercial Banking; Global Banking and Markets; and Wealth & Personal Banking.

The HSBC Group in Luxembourg is a significant employer and operates several businesses including asset management, securities services, private banking and corporate banking.  

For our asset management (AM) activities in Luxembourg, we are currently looking to recruit an:

 

Asset Management Risk Manager

Permanent contract

 

Role and responsibilities:

Reporting to the HSBC Investment Funds (Luxembourg) SA Chief Risk Officer and Conducting Officer, the role holder will have the following main responsibilities:

  • Assist in the implementation and oversight of the risk management framework;
  • Review and analyse market, liquidity, counterparty, sustainability and credit risks reports on a regular basis
  • Review and update the Risk Management processes and policies;
  • Escalate issues/concerns to senior management and report such results efficiently and timely;
  • Provide oversight of the Investment Advisers local risk teams in relation to the regular risk reporting, including validation of the investment advisers’ compliance with the risk policy and Luxembourg/Irish regulations applicable to UCITS Funds;
  • Monitor the funds’ concentration risk (i.e. investment restrictions limits);
  • Assess the eligibility of instruments and markets in which the funds invest in;
  • Produce/review regulatory reporting such as quarterly, semi-annual and annual risk reports;
  • Provide support to the HIFL Conducting Officers in their day-to-day management;
  • Support the growth agenda of asset management;
  • Identify and manage risks introduced through change, including new investment fund products and new projects/initiatives;
  • Briefing of senior executives in HIFL and AM including assessment of material risks to the business and adequacy of mitigation/remediation plans in respect of those risks;
  • Implement risk management policies and procedures;
  • Train/provide support to junior colleagues.

 

Professional Skills and Experience:

  • University degree and/or relevant post graduate qualifications in Economics or Finance;
  • Excellent technical skills in financial risk management (e.g. VaR models, VaR back testing, stress testing, leverage, liquidity risk measures, liquidity management tools) and financial instruments;
  • Experience in UCITS funds and mancos risk management (min. 6 years).
  • Knowledge of the Luxembourg/Irish fund industry including the UCITS environment, risk regulatory requirements and the obligations of a Luxembourg Management Company;
  • Strong analytical, communication and relationship skills;
  • Very good communicator (oral and written) especially of technical issues to non-specialists;
  • Well organised and able to work independently;
  • Team player;
  • Forward looking and business orientated;
  • Problem solving capacity;
  • Perfect command of English, both in spoken and written, together with excellent communication skills are required for the role.

 

HIFL is a management company for c. USD 133 billion in assets under management of UCITS and AIFs, with 24 HSBC Distributors, 3 Fund Administrators and 6 HSBC Investment Advisers/Managers of Luxembourg and Irish funds.

If you’re looking for a career where you will be respected as an individual and valued for the contributions you make, please send your application letter and curriculum vitae (in English) to: luxrecruitment@lu.hsbc.com, and discover how diversity drives our success. Whether you want a career that could take you to the top, or simply take you in an exciting new direction, HSBC offers opportunities, support and rewards that will take you further.

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.

Please note that due to the volume of applications received, we will acknowledge your application only if we wish to proceed to interview. If you have not received a response within 4 weeks your application has not been successful.

Please also note that every selected candidate will have to provide us with a valid criminal record check in due time.

For any GDPR request, please send it to: lux.data.privacy@hsbc.com

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