Manager TR Market Data Management

HSBC Holdings plc; Bengaluru; On-site; INR 1,800,000 - 3,000,000; Full time

Job summary

HSBC Holdings plc in Bengaluru, India, seeks a Manager for TR Market Data Management within Risk & Compliance. The role spans TRMMC teams including Aggregation, Stress Testing, Market Data Management, Traded Risk Analysis, CCR and Control Management, supporting global risk functions across multiple sites.

You will own the AI-automation roadmap for BAU processes, define success metrics, and establish governance-by-design to ensure regulator-ready automations.

Qualifications

• Experience in risk management (market risk) and quantitative analysis.
• Proficiency with market data systems (Refinitiv/Bloomberg).
• Knowledge of risk measures (VaR, PV01, ES).

Responsibilities

• Own the AI-automation roadmap for BAU processes with measurable outcomes.
• Establish governance-by-design: audit trails, explainability, versioning, access controls.
• Oversee end-to-end delivery with stakeholders ensuring precise requirements and embedded controls.
• Drive monitoring and resilience of automations under changing conditions.

Skills

Python

Risk management knowledge

Communication skills

Education

Finance/Engineering/Business Management degree

Risk management certification (FRM/CFA/CQF)

Tools

Refinitiv Reuters

Bloomberg

JIRA

Confluence

SharePoint

Job description

Job title: Manager TR Market Data Management

• The TRMMC – Traded Risk Measurement, Monitoring & Control team sits within Risk & Compliance.
• TRMMC Teams composition: Aggregation, Stress Testing, Market Data Management (MDM), Traded Risk Analysis, CCR and Control Management.
• These teams form part of the TRMMC, that ensure functional consistency and delivery across all work streams for the measurement, monitoring and control of traded risk. We support and lead aspects of Traded Risk Functions/activities across the HSBC Group and Regional locations: Hong Kong, London, Paris, New York, etc.

In this role, you will:

Principal Accountabilities and Responsibilities (e.g., for Business, Customers and Stakeholders; internal control environment, etc.)

Activities undertaken across TRMMC teams include, but are not limited to, the following:

• Own the AI-automation roadmap for BAU processes, prioritising high-impact use cases and defining success metrics (STP uplift, control effectiveness, cycle-time reduction, error-rate reduction).
• Establish governance-by-design: audit trails, explainability approach, model/prompt versioning, access controls, and human-in-the-loop review points to make AI automations operationally safe and regulator-ready.
• Oversee end-to-end delivery with stakeholders (MRM, Risk Transformation and IT), ensuring requirements are precise, controls are embedded, and operating procedures are updated for sustainable BAU adoption.
• Drive monitoring and resilience (model/LLM performance KPIs, drift and quality thresholds, fallback procedures, incident response) to keep automations reliable under changing market and data conditions.

For each team within TRMMC, activities undertaken include, but are not limited to, the following:

Aggregation:

The purpose of the role is to produce consolidated Market risk and Traded Credit information for regulators, senior Group Risk and Markets and Securities Services (MSS) stakeholders.

• Consolidation and Reporting of MR and CCR risk measures at Group level along with handling allied external disclosures and regulatory submission
• Conduct key regulatory tasks such as VaR Backtesting, Limit Mandate Monitoring and Group SVaR window calibration
• Conduct consolidation of capital submissions for Regulatory reporting activities and disclosures like Pillar 3, Volcker, Annual Reports and Accounts for Group and other regulatory scopes.
• Undertake preparation of monthly risk management papers for the Groups RMM and the Global Banking and Markets Risk Management Committee
• Undertake preparation of analysis and assurance packs for FRTB scope.
• Work in collaboration with transformation, GRA, and assurance teams for establishing controls, model implementation, system enhancements and transitions.

Stress Testing:

The purpose of the role is to provide expert knowledge/skills to the stress testing team which is responsible for validating and reporting Stressed P&L numbers across sites and scenarios.

• Validate, monitor and report to stress testing scenarios and the corresponding losses for Market risk and Counterparty credit risk for both internal and regulatory purposes. Analyse and interpret stress results identifying key risk drivers and trends
• Collation of Risk related MI and prepare Stress Testing and Reverse stress testing governance committee packs
• Design and implement reporting templates and dashboards to effectively communicate stress test findings
• Collaborate with regional and group stress testing teams to ensure compliance with regulatory requirements
• Provide analytical support for explaining business strategies in the context of baseline and stress forecasts, and communicate results to senior management

MDM:

This role plays a key responsibility within the central risk function by providing expertise and detailed analysis on market data and scenarios. This includes controlling the market data inputs used for the market risk matrices calculation like VaR/ ES (Expected Shortfall), Stressed VaR for the entire trading portfolio of the Bank

• Manage and maintain a specific asset class/ project or stream within Market Data Management Team.
• Analyze and report market data quality metrics for risk factors and scenario data, relevant for risk calculations.
• Drive the improvement of transparency for risk management, by showcasing expertise on Scenario and Market Data analysis (including the usage of proxies, models etc.), which is impacting VaR/ES (Expected Shortfall)
• Ensure the quality of time series data used for risk calculations and to ensure the review and remediation of market data exceptions.
• Collaborate closely with Market Risk Managers (MRM) and other senior stake holders in understanding the risk requirements and support them.

Traded Risk Analysis:

• Ownership of the front to back market risk data, analysis and reporting activities for the asset class, which is divided into Equities, Credit, Rates & FX, and Markets Treasury.
• Management and Monitoring of market risk limits in collaboration with MRMs for timely resolution of excesses and high utilizations.
• Review, validation and improvement of risk calculation, process and control framework.
• Risk Data (sensitivities and risk metrics) Monitoring and Management to ensure accuracy, completeness, and timeliness of risk Analysis and Reporting.
• Risk Analysis to perform explains on the drivers behind the movements in risk metrics such as sensitivities (PV01, CS01, EQ delta, Gamma etc.), VaR/SVaR/IRC and FRTB SA & IMA metrics etc.
• Drive the analysis and reporting of market risk metrics to Risk Managers, Traders, Senior Management and Regulators.
• Assist in process re-engineering, and optimization by identification of strategic and/or tactical solutions.
• Responsible for monitoring and executing controls to adhere to the data quality standards and Service Level Agreements (SLAs).
• Drive the implementation of processes and policies to deliver service excellence by clearly communicating the rationale across sites and ensuring that the entire team functions as one coordinated unit.

CCR: Credit Exposure Management:

• Monitor and manage counterparty credit exposure limits.
• Undertake analysis and report on the potential impact of market events on counterparty exposures.
• Collaborate with front office, legal, and compliance teams to ensure adherence to credit risk policies.
• Maintain end-to-end detailed credit risk reports for senior management and regulatory bodies.
• Maintain accurate and up-to-date records of counterparty risk assessments and exposures.
• Provide insights and recommendations to improve the firm’s counterparty credit risk management framework.

Controls:

Ensure that Traded Risk embeds an effective Control Management framework globally in line with FIM standards and the Risk target operating model.

• Act as a risk and control SME for the function ensuring management understanding and oversight of risks, controls meet Group’s Non-Financial Risk requirements.
• Facilitating the raising of Management Self-Identified Issues and act as central point of contact for Audit.
• Provide support to the department to develop Risk & Control Assessments. Facilitating annual RCA workshops and ensuring RCAs are kept up to date and are embedded within the department.
• Ensure Continuous Monitoring in Traded Risk is effectively performed at required the RMF standards and assist Control Owners in their duties in that respect.
• Ensure processes within the Control Management function are efficient, robust and well-documented and actively seeking ways of improving processes and achieving efficiencies.

Leadership & Teamwork

• Able to manage priorities and workload within schedule and work standards.
• Work collaboratively with teams as a constructive team member.
• Ability to work cross culturally with a strong collaborative and inclusive mindset
• Effectively work and interact with staff at all levels
• Be proactive and have a curious nature
• promote greater understanding amongst the TRMMC team.
• Work with team to constantly upgrade knowledge and skill set and help them functionally
• Drive the implementation of processes and policies to deliver service excellence by clearly communicating the rationale across sites and ensuring that the entire team functions as one coordinated unit.
• Helps provide regular updates
• Partners with the Lead in ensuring that on-going training is built into regular BAU and that the teams are fully cross-trained on responsibilities
• Ability to work cross culturally with a strong collaborative and inclusive mindset, and committed to equal employment opportunities
• Ability to drive performance under pressure and tight timelines
• Ability to respond on a timely manner to ad hoc risk enquiries, and ensures data quality by identifying potential issues and proactively escalating it
• Ability to learn within a dedicated span of training time and transfer knowledge appropriately
• Self-motivated, excellent communication skills, adaptability
• Strategic thinker, planner and a good listener

To be successful you will:

Functional Knowledge

• Working proficiency in Python, including API integration, async programming, and data manipulation (pandas/numpy).
• Hands-on experience building agentic applications is desirable — this can come from personal projects, hackathons, internships, or professional work
• Understanding of prompt engineering fundamentals: system prompts, chain-of-thought/structured reasoning prompts, few-shot examples, output formatting (JSON schemas, XML tags).
• Professional certification like FRM / CFA /CQF can be an added advantage.
• Good to have experience in using vendor market data systems like Refinitiv (Reuters) and Bloomberg
• Good to have working knowledge in tools like JIRA, Confluence, SharePoint etc.
• A degree / qualification in Finance, Engineering, Business Management or previous experience in Risk Management (Market Risk) or quantitative courses
• Strong foundation in risk management principles, understanding of risk measures (i.e. PVBP, VaR) and systems
• High level of competency in the production of information, and the ability to process, analyze and interpret Traded risk reports

Hsbc.com/careers

You’ll achieve more at HSBC

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.

Personal data held by the Bank relating to employment applications will be used in accordance with our Privacy Statement, which is available on our website.

***Issued By HSBC Electronic Data Processing (India) Private LTD***