MSS Valuation Risk Control - SVP MSS Valuation Risk Control - SVP …

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in Hong Kong
Festanstellung, Vollzeit
Seien Sie der erste Bewerber
MSS Valuation Risk Control - SVP
Markets and Securities Services (MSS) Price Risk Control is part of MSS Risk and Controls, which establishes and maintains a robust 1st Line of Defense control environment and culture to minimize operational risk within the business. MSS Price Risk Controls sets the standards for the quality of front office management of price risk, manages implementation of those standards and is responsible for MSS wide governance of 1st Line price risk.
This role will have responsibility for key front office controls relating to risk emanating from the use of market data inputs in the valuation of financial instruments.The role will involve senior level engagement with the business, O&T, 2nd line functions and managing relationships with Internal Audit and regulators.
Key Responsibilities
  • Determine and set the standards for 1st Line of Defense management of valuation risk
  • Design and implement capabilities, controls and risk mitigants to enable strong first line management of valuation risk
  • Facilitate and implement documentation of the control environment for financial instrument valuations
  • Design, implement oversight and governance capabilities, and facilitate senior governance forums
  • Drive standardized and consistent mechanisms to evidence controls and supervision and ensure alignment with longer term infrastructure initiatives.
  • Evaluate metrics and reports and challenge current practices which are not fully aligned with the firm's standards. Identify necessary corrective actions and facilitate resolution of identified inconsistencies
  • Assess internal / external events, perform lessons learned analysis and implement enhancements as needed
  • Manage program deliverables across multiple businesses, regions and stakeholders
  • Define minimum operating control standards across MSS and embed within the Manager Control Assessment (MCA) framework
  • Lead regulatory and Internal Audit engagements and remediations, ensuring timely response and delivery
Qualifications and Competencies
  • Robust understanding of typical data structures for market data utilized by derivative models
  • Significant experience with designing and monitoring key controls over valuations in a trading environment
  • Experience dealing with regulators, Audit, Compliance and other risk and control functions
  • Strong controls mindset, identifying and mitigating risks, communicating and escalating concerns
  • Effective people, project and change management skills
  • Ability to identify areas subject to heightened control risk and to design efficient approaches to mitigate the risk on a sustainable basis
  • Experience with generating creative solutions, differentiating and prioritizing realistic enhancements and driving change-related projects
  • Strong communication, with ability to influence senior stakeholders adjust communication style for the target audience and to facilitate and lead governance forums
  • Ability to assess and critically challenge information and processes, delivering appropriate outcomes
  • Competence leading dynamic, challenging environments while providing creative solutions
  • Ability to collaborate across businesses, regions and support functions

Grade :All Job Level - All Job Functions
Time Type :
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