HSBC Group

Global Regulatory Policy (‘GRP’) is responsible for establishing HSBC’s Group level, and certain regional level, prudential regulatory capital policies, and for advising a full range of business lines on the impact of these policies upon transactions and new products. GRP provides technical regulatory capital support and guidance to functions and businesses on a full range of transactions and prudential regulatory capital issues, including the establishment of interpretations and governance processes to mitigate regulatory risk. GRP also continuously monitors new rule developments and other ongoing changes to the prudential regulatory capital landscape. GRP covers key aspects of prudential policy, including risk weighted assets (RWAs), capital resources, Liquidity ratios, and leverage ratios, across all relevant risk areas e.g. credit risk, counterparty credit risk, securitization, market risk etc. GRP currently maintains a presence in key locations across HSBC, including the UK, Hong Kong, the US, France / EU, Mexico, Canada, and India / Middle East.

This position provides an opportunity to join the US GRP team, with a focus on covering the review and analysis of the final revisions to the Basel III capital requirements under both US and PRA rules. Specifically, the role will lead on the analysis and interpretation of the wide-reaching Basel III reforms, which span a full range of risk types, and on facilitating the firm’s advocacy efforts around any related draft legislation issued by HSBC’s regulators. In particular, the role will be responsible for covering the Basel III reforms as drafted and implemented by the US regulators. The role is based in New York City.

About Us

Our purpose – Opening up a world of opportunity – explains why we exist. We’re here to use our unique expertise, capabilities, breadth and perspectives to open up new kinds of opportunity for our more than 40 million customers. We’re bringing together the people, ideas and capital that nurture progress and growth, helping to build a better world – for our customers, our people, our investors, our communities and the planet we all share.

You will be responsible for

• Tracking new policy developments and formulate HSBC’s regulatory capital policies accordingly, providing detailed, actionable guidance, distributed to a wide range of stakeholders. The US GRP team is responsible for developments impacting the US prudential regulatory capital rule regime, e.g. as administered by the Federal Reserve, OCC, and FDIC;
• Producing and review regulatory opinions on complex transactions and new products to ensure compliance with Group regulatory policies;
• Providing technical support and guidance to internal colleagues across all businesses and functions;
• Providing technical support on the implementation of new regulatory requirements;
• Ensuring compliance with the Finance department’s target operating model such that that key Financial Reporting Risks are monitored and addressed; and
• Driving HSBC’s response to future regulatory developments, and influence the external development of regulatory policy by writing public responses to new standards and discussion papers.

• Strong technical working knowledge of the prudential regulatory capital rules relating to the calculation of regulatory capital resources, RWAs (both banking and trading book), and the leverage ratio.
  • Knowledge of these concepts under US (Fed / OCC / FDIC) rules is essential. Knowledge of these concepts under Basel / BCBS rules, and under UK / PRA rules is highly desirable;
• Excellent communication skills, both written and verbal, including the ability to diplomatically provide feedback on draft prudential regulation to both internal and external stakeholders;
• Strong problem solving skills;
• Strong control mind-set with the ability to support other control functions that are responsible for ensuring the regulatory capital requirements are followed;
• Professional approach and presentation;
• Ability to work and thrive across a multi-location team of technical specialists;
• 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 banking products, including those related to Global Banking and Markets, Commercial Banking, and Wealth and Private Banking;
• Ability to act as an advisor and challenger to business lines and other control functions on all aspects of regulatory capital policy;
• Ability to formulate and articulate defensible interpretations of ambiguous rule text; and
• Ability to prioritise competing deliverables for a broad range of stakeholders.

As an HSBC employee, you will have access to tailored professional development opportunities and a competitive pay and benefits package. We work hard to ensure that our workplace is a diverse, inclusive and meritocratic environment, and we have a strong dedication to sustainability. Our Employee Resource Groups (ERGs) play a central part in life at HSBC, including the development of our employees and our connection to the communities and customers we serve. We value difference. We succeed together. We take responsibility. We get it done. And we want you to help us build the bank for the future!

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.