At a Glance
- Tasks: Join HSBC as a Counterparty Credit Risk Business Analyst, managing analysis activities and driving change.
- Company: HSBC Innovation Bank offers exciting career opportunities and support for your professional growth.
- Benefits: Enjoy a hybrid work model and competitive pay of £603.63 per day.
- Why this job: Be at the forefront of global transformation, making impactful changes in the financial sector.
- Qualifications: Strong knowledge of Market Risk, Counterparty Credit Risk, and advanced business analysis skills required.
- Other info: This is a 6-month contract role with potential for future opportunities.
The predicted salary is between 50000 - 84000 £ per year.
Counterparty Credit Risk Business Analyst London/Hybrid Initial 6-month contract £603.63 p/d Umbrella
If you’re looking for a career that will help you stand out, join HSBC Innovation Bank, and fulfil your potential. Whether you want a career that could take you to the top, or simply take you in an exciting new direction, HSBC Innovation Bank offers opportunities, support and rewards that will take you further.
We are currently seeking an experienced individual to join this team in the role of Counterparty Credit Risk Business Analyst.
Role context:
Global Transformation Business Analysts are at the centre of how Global Transformation shapes, delivers and embeds change (for e.g. Regulatory, Business Growth, Streamline etc.) working with the business and our delivery partners. Primarily, the Senior Business Analyst will be responsible for managing and executing the analysis activity within one or more of the priority programmes with Line Management responsibilities. They will support the Requirements Management, Design, Change Management and Implementation Management activities during project delivery.
Business Analysts often act as experts across multiple projects and programmes simultaneously, guiding the teams on their approach to Requirements Management and other analysis activity. Business Analysts will also oversee Change Management activities spanning from early change planning and audience analysis; through to designing and delivering change interventions (e.g. communications, training, support, organisation alignment); and tracking and taking actions on change readiness, adoption, and feedback. They are also ultimately responsible for Implementation Management, including planning, controlling and reporting on implementation of the change ‘product’, focusing on accelerating benefits and minimising risk during deployment. Implementation activities will also include managing implementation readiness and managing the early stages of implementation (e.g. pilot).
Alongside project delivery responsibilities, the Business Analyst will work closely with the Project Management Office, Process Consultants and Business Consultants to ensure analyst resources are utilised effectively and resource supply meets the needs of upcoming project demand.
SKILLS AND REQUIREMENTS
- Strong functional understanding of Market Risk and Counterparty Credit Risk (CCR) Data and Controls
- Strong functional knowledge of Risk Engines, Monte Carlo Simulation and Pricing Models and Risk aggregation
- Expert knowledge of Global Change Framework, methodologies and best practice techniques
- A thorough understanding of the purpose, values, culture and fundamentals of Global Transformation
- Outstanding understanding of HSBC Group structures, processes and objectives
- Very strong knowledge of the external environment – regulatory, political, competitors etc.
- Business re-engineering knowledge
- Advanced Business analysis, requirements gathering and design techniques
- Advanced Change management and implementation management techniques and approaches
Experience
- Proven track record as an outstanding analyst or consultant
- Overall financial services industry knowledge with specific functional expertise
- Extensive experience of using multiple analysis techniques in a change environment, with a mix of business, operations and technology focused projects
- Experience of business case development and a sound understanding of how design enablers underpin business benefits
- Strong experience of delivering change into different audiences and managing implementation in banking environments (branch, contact centre, trading floor, operations, head office etc.).
- Excellent communication, inter-personal and negotiating skills
- Excellent decision making and problem-solving ability
- Advanced judgmental skills to identify and resolve problems
- Experience of managing large teams and resources located remotely
- Ability to motivate and lead people, employing appropriate management styles
- Proven ability to work across regions whilst maintaining a global perspective
- Proven ability to work with senior stakeholders and business sponsors
If you think you are up for the task and feel you meet the above criteria or interested to hear more information, please contact me on Amy.walker@tapfin.com
Please note, in the event of a high volume of applications for this role, we will not be able to respond to each individual applicant. Unfortunately, if you have not been contacted within 7 days then we will not be progressing with your application. Thank you for your understanding.
Counterparty Credit Risk Business Analyst employer: HSBC
Contact Detail:
HSBC Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Counterparty Credit Risk Business Analyst
✨Tip Number 1
Familiarise yourself with the specific methodologies and frameworks used in counterparty credit risk analysis. Understanding the Global Change Framework and how it applies to HSBC will give you an edge during interviews.
✨Tip Number 2
Network with professionals in the financial services industry, particularly those who have experience in risk management. Engaging with them can provide insights into the role and may even lead to referrals.
✨Tip Number 3
Prepare to discuss your experience with change management and implementation strategies. Be ready to share specific examples of how you've successfully managed change in previous roles, as this is a key aspect of the job.
✨Tip Number 4
Research HSBC's current projects and initiatives related to counterparty credit risk. Being knowledgeable about their recent developments will demonstrate your genuine interest in the company and the role.
We think you need these skills to ace Counterparty Credit Risk Business Analyst
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience in Counterparty Credit Risk and Business Analysis. Use specific examples that demonstrate your understanding of Market Risk, Risk Engines, and Change Management.
Craft a Strong Cover Letter: Write a cover letter that clearly outlines your motivation for applying to HSBC Innovation Bank. Mention how your skills align with the job requirements and express your enthusiasm for contributing to their Global Transformation initiatives.
Highlight Relevant Experience: In your application, emphasise your proven track record in delivering change within financial services. Include details about your experience with business case development and managing implementation in various banking environments.
Showcase Communication Skills: Since excellent communication and interpersonal skills are crucial for this role, provide examples of how you've effectively communicated with senior stakeholders and led teams in previous positions.
How to prepare for a job interview at HSBC
✨Understand the Role
Make sure you have a solid grasp of what a Counterparty Credit Risk Business Analyst does. Familiarise yourself with key concepts like Market Risk, Monte Carlo Simulation, and the Global Change Framework. This will help you answer questions confidently and demonstrate your expertise.
✨Showcase Your Experience
Prepare to discuss your previous roles and how they relate to the responsibilities outlined in the job description. Highlight specific projects where you've successfully managed change or implemented new processes, especially in banking environments.
✨Communicate Effectively
Since excellent communication skills are crucial for this role, practice articulating your thoughts clearly and concisely. Be ready to explain complex concepts in simple terms, as you may need to communicate with various stakeholders.
✨Prepare for Scenario Questions
Expect scenario-based questions that assess your problem-solving abilities and decision-making skills. Think of examples from your past experiences where you had to navigate challenges or lead teams through change, and be prepared to discuss the outcomes.