Senior Change Lead - MSS Ops Collateral & Risk

TN United Kingdom; London; On-site; GBP 80,000 - 120,000; Full time

Job summary

A leading company in the financial services sector is seeking a Head of MSS Operational Collateral & Risk in London. This senior role involves managing collateral processing, change management, and stakeholder engagement. The ideal candidate will have extensive experience in investment banking operations, strong leadership skills, and a proven track record in managing complex projects. The company promotes diversity and inclusion, offering a supportive environment for all candidates.

Benefits

Private healthcare for all UK-based employees

Enhanced maternity and adoption pay

Contributory pension scheme with employer contribution

Qualifications

• Experience in collateral and margin processes and regulations.
• Leadership experience managing other managers.
• Background in Operations / Middle Office within Investment Banking.

Responsibilities

• Manage the book of work for the MSS Operations Global Head of Collateral.
• Create strategic blueprints and business cases for funding.
• Influence and interlock projects impacting operational teams.

Skills

Change management expertise

People management

Investment Banking knowledge

Financial products understanding

Stakeholder management

Agile project management

Job description

Social network you want to login/join with:

col-narrow-left

Client:

HSBC Global Services Limited

Location:

London, United Kingdom

Job Category:

Other

-

EU work permit required:

Yes

col-narrow-right

Job Reference:

b9c33c05f2b5

Job Views:

3

Posted:

21.05.2025

Expiry Date:

05.07.2025

col-wide

Job Description:

Some careers shine brighter than others.

If you’re looking for a career that will help you stand out, join HSBC 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 offers opportunities, support and rewards that will take you further.

As an HSBC employee in the UK, you will have access to tailored professional development opportunities and a competitive pay and benefits package. This includes private healthcare for all UK-based employees, enhanced maternity and adoption pay and support when you return to work, and a contributory pension scheme with a generous employer contribution.

This role is for the Head of MSS Operational Collateral & Risk team, which covers:

• Collateral processing, including data onboarding, valuation, margin, settlement and dispute processes
• Credit Counterparty Risk controls
• MRUD, including Initial Margin management & calculations
• Management information, and risk reporting and management linked to the above
• Working with other key stakeholders and departments including Financial Resource Management (FRM), Global Risk Analytics (GRA), Traded risk (TR), Financial Exposure Centre (FEC) and Non-Financial Risk Management (NFR)

In this role you will:

As a senior Change Lead, the role will support the D&RR Collateral & risk management team in the overall delivery of:

• Managing the book of work for the MSS Operations Global Head of Collateral and Margin Rules, and relevant data sources used in those processes
• Creating / supporting business and operations teams to create strategic blueprints and vision, to demonstrate strategic thinking, with prioritised execution plans and approach
• Creating business cases on an annual / intra-year basis, and working with budget holders to determine and secure CTB funding (change and IT)
• Influencing & interlocking other projects / programmes that impact the operational teams, and maintain a holistic book of work for the collateral and risk team
• Co-working with business, IT, change teams, and architects to agree requirements, design, and implementation options and execution plans
• Creating and ongoing management of programme / project / change delivery structures to effectively deliver ongoing change in line with business priorities and IT capabilities, with respective resource, budget and timeline management

To be successful in this role you should meet the following requirements:

• Change management expertise along with collateral and margin experience including knowledge of the relevant data inputs and calculations linked to collateral initial margin and valuation margin / MRUD processes and associated regulations
• People management and leadership experience, including managing other managers
• Background in Investment Banking and Markets, with prior experience of working in an Operations / Middle Office capability, with knowledge of the Collateral and Risk regulations / implications a must
• Working cross asset class, with a good understanding of financial products (Equities, Fixed Income, FX); knowledge of front to back trade lifecycles, market infrastructures, and banking risk/finance processes
• Strong understanding of various Markets functions, and business control processes.
• Proven track record in managing senior stakeholders at the level of Global functional leads and working with them to prepare business cases for new programs, design solutions and implementation roadmaps for approved programs and govern program implementation and benefit realisation
• Hands on experience of implementing and managing agile ways of working for large complex global project teams

This role is based in London.

Opening up a world of opportunity

Being open to different points of view is important for our business and the communities we serve. At HSBC, we’re dedicated to creating diverse and inclusive workplaces. Our recruitment processes are accessible to everyone - no matter their gender, ethnicity, disability, religion, sexual orientation, or age.

We take pride in being a Disability Confident Leader and will offer an interview to people with disabilities, long term conditions or neurodivergent candidates who meet the minimum criteria for the role.

If you’d like to apply for one of our roles and need adjustments made, please get in touch with our Recruitment Helpdesk: