Role Title: Data Governance - Business Analyst
New or Existing Role? Replacement
- The Wholesale Credit and Market Risk (WMR) department within HSBC Group Risk measures and monitors globally credit and market risks arising from trading activity as well as credit approval for large corporate, financial institution and sovereign exposures.
- HSBC has setup a Global data organisation structure in recognition of the importance of effective data acquisition, management and usage in the achievement of its global business strategy. The Global data organisation is also responsible for coordinating HSBC’s compliance with the FIM Data Policy and key data related regulations such as BCBS PERDARR. The Global data organisation includes the Chief Data Officers in each Global Business and Global Function, and WMR has set up a data programme and organisation as part of the Group’s activities in this area.
- The role forms a part of the WMR – RAC (Risk Analytics & Control) and will help improve all aspects of data governance, quality and management in WMR. The role will interface with key stakeholders within WMR, in Group Risk as well as Global businesses including GBM and CMB, as well as Finance to implement sound data management activities in support of complex and evolving data requirements for WMR.
- This role reports into the Manager – WMR Data Mangament.
Impact on Business
- Impact on the Business
- Improve the overall quality of data used in Risk with a resultant reduction in effort at data cleansing, improvement in risk analytics, streamlined reporting and overall compliance with the regulatory requirements on risk data Aggregation and Reporting across Wholesale and Traded Risk
- Support regulatory reporting, policy and credit MI related activities by owning and coordinating data requirements for these activities
- Implement governance across Risk, Finance and Global Businesses to improve the transparency around flows and controls of data of importance to WMR, particularly through systems not owned by WMR
Customers / Stakeholders
- Actively engage with stakeholders across WMR, Global Risk, Finance, IT and Global Businesses
- Coordinate discussion of WMR data issues with data providers and recipients
- Identify and escalate of issues which will impact the effective implementation of data related workstreams in WMR to the relevant program owner
- On Data Quality Remediation front, manage resolution & movement of issues via support available from DMU (Risk & Finance CDO) and WMR data Offshore team
Leadership & Teamwork
- Maintain strong working relationships with multiple stakeholders including regions depending on the priority
- Drive quality outputs and design solutions to portfolio management problems and create capability
- Create capability and independent project leadership abilities
- Drive process efficiency through automation and process simplification to improve turn-around time for delivery of reports.
Operational Effectiveness & Control
- Working as per WMR Data Analysis, Control & Reporting requirements.
- Timely and comprehensive business analysis and support of the WMR data governance activities
- Flexibility in the nature of activities undertaken to suit the requirements of particular situations
- The key risks/dependencies:
- The WMR data program is a complex program which cuts across all aspects of Wholesale Credit and Traded Risk, and requires interaction with a number of senior stakeholders across Risk, GBM and CMB in addition to Risk IT. The incumbent is expected to familiarize themselves with the complex systems and data flow landscape and to identify opportunities for improvement in management of data within this environment
- The role operates in a complex and still evolving regulatory environment wherein a number of initiatives are currently competing for the time and support of a small number of data SMEs. Many of these are operating under tight timeline commitments made to regulators and in a complex systems environment which makes delivery of new data extremely challenging.
- The WMR Data program is by a small team of analysts and project managers – individuals within the team will therefore need to be versatile and perform a number of different roles across business analysis, systems strategy, program management, communications and governance
- The job-holder’s responsibilities cover oversight for Risk & Finance DMU:
Work on WMR Data Quality and Remediation as part of WMR DQ COE.
The role is global in nature and interfaces with a number of senior stakeholders within WMR and outside – particularly in Finance. The operating environment, from a data point of view is complex, fragmented with significant hard linkages across functions, systems and processes.
The role will be required to deliver complex set of initiatives spanning policy, process design, metric definition, governanceand communications while interacting with risk managers, project managers, subject matter experts, IT and external consultants
Management of Risk
- The job holder will continually reassess the risks associated with the role and business area, taking into account the changing economic and market conditions, legal and regulatory requirements, operating procedures and practices, management restructuring, and the impact of new technology. This will be achieved by actions that give due consideration to the likelihood of risk occurring and addressing any areas of concern with the appropriate persons and/or departments.
- To abide by the Group business risk and control management policy by containing Information risk in conjunction with relevant Compliance Department.The term compliance embraces all relevant laws, rules and codes with which the business has to apply.
- To continually re-assess the operational risks inherent in the business, taking account of changing economic or market conditions, legal and regulatory requirements, operating procedures, management restructures, and the impact of new technology in conjunction with other Group companies.
- Observation of Internal Controls (GHR / FIM requirements)
- To maintain HSBC internal control standards, including the timely implementation of internal and external audit points together with any issues raised by external regulators.
- Compliance (GHR / FIM requirements)
- To implement the Group Compliance Policy by containing compliance risk in conjunction with the relevant Compliance Department.The term ‘compliance’ embraces all relevant laws, rules and codes with which the business has to comply in relation to the countries migrating work to the GSC.