Senior Assessor Calculation Compliance

Some careers have more impact than others.

If youre looking for a career where you can make a real impression join HSBC and discover how valued youll be. HSBC is one of the largest banking and financial services organisations in the world with operations in 62 countries and territories. We aim to be where the growth is enabling businesses to thrive and economies to prosper and ultimately helping people to fulfil their hopes and realise their ambitions. We are currently seeking an experienced professional to join our team in the role of Senior Assessor Calculation Compliance

Location- Gurgaon /Chennai/Bangalore

Overview

• Calculation Compliance assessment teams will be structured in pods comprising of an Assessor and an role holder will be required to lead the assessments prioritised under IRR (interest rate risk) book of work for completion under 2Q27 and PRA (Prudential Regulation Authority) B3.1 implementation.
• The Calculation Compliance Senior Assessor will conduct a formal assessment of the calculation logic in the DQM (Deterministic Quantitative Methods)against the regulatory rule with consideration to any HSBC policy determinations and report instructions. This requires the Senior Assessor to provide subject matter expertise on the application of regulatory rules and HSBC policy interpretations.
• The role holder will also define test data scenarios or expected results to support substantive testing of the calculation logic used in DQMs for conformance to regulatory rules instructions and interpretations and review the test role holder will identify findings to be included in the formal Assessment and ensure there is supporting evidence and remediation tracking.
• This is a rare opportunity to be part of an exciting and growing team developing subject matter expertise across a wide range of DQMs delivering outcomes for the full Category 1 reporting will also be ample opportunity to contribute towards the ongoing refinement of the business-as-usual operating model and controls & assurance framework within the First Line of Defence.

In this role you will:

• Responsible for reviewing adherence of complex calculation logic with the regulatory rules and HSBC Policy determinations. Engage with policy SMEs as required.
• Provide direction to the Analyst to support the review of calculation documentation readiness. Define test data scenarios and expected test results for Analysts to prepare detailed test scripts.
• Detailed review of test results to determine whether the DQM is compliant with the regulatory rules and HSBC Policy determinations. Identify findings where the regulatory rules and HSBC Policy determinations are not being met.
• Documentation of formal Assessment Reports highlighting the key findings with ownership assigned for remediation that is tracked at appropriate governance forums.
• Manage activities within the pod to enable effective and timely assessment and the mitigation of risk including delivery to plan and raising progress blockers on a timely basis.
• Lead the training and upskilling of new hires to the team. Manage team of Assessors and provide direction to support the formal Calculation Compliance Assessments.
• Provide written reports and verbal summaries or explanations of work undertaken to relevant stakeholders. Work closely with multiple change teams and business functions such as Regulatory Reporting or Group Policy.
• Contribute to the ongoing refinement of the business-as-usual operating model proactively working towards enhancing existing artefacts procedures assessments and methods of stakeholder engagement.

To be successful you will:

• Experience of 10-15 yrs Candidates with regulatory experience related to NCCR (Non-counter party credit risk)
• Experience in Regulatory Compliance Regulatory Reporting NCCR (Non-Counterparty Credit Risk) calculation compliance Regulations / interpretation of regulations Regulatory frameworks

• Demonstrable understanding of one or more regulatory rule areas and the application of those rules in DQMs.
• Strong verbal and written communication skills and the ability to convey subject matter expertise in a specific area to a wide audience including senior stakeholders.
• Ability to clearly articulate findings where the regulatory rules and HSBC policy determinations are not being met which requires explanation of complex technical issues.
• Team leadership and people development skills.
• The role holder should be able to quickly understand the end-to-end process and implications of the DQM for assessment in the context of regulatory requirements for the calculation.
• Prior experience in providing direction and support to team members on reporting deliverables.

Youll achieve more at HSBC

is an equal opportunity employer committed to building a culture where all employees are valued respected and opinions count. We take pride in providing a workplace that fosters continuous professional development flexible working and opportunities to grow within an inclusive and diverse environment. We encourage applications from all suitably qualified persons irrespective of but not limited to their gender or genetic information sexual orientation ethnicity religion social status medical care leave requirements political affiliation people with disabilities color national origin veteran status etc. We consider all applications based on merit and suitability to the role.

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