Traded Risk Manager at HSBC Global Banking & Markets (2015-05 – 2026-06)
Led a team of 12 across London, Krakow and Bangalore, responsible for Market Risk and Counterparty Credit Risk reporting and monitoring with London, HCIB and Group remit. Including Traded Risk Analytics Secondment, Director, 2024-2025.
- Daily, weekly and monthly cross‑asset risk appetite reporting on Traded Risk and Treasury portfolios.
- Stress testing and scenario analysis across Rates, Credit, FX, Equity and commodity‑linked exposures, identifying concentrations and emerging risks.
- Limit governance, including due diligence reviews and sign off for new deals, setting input, monitoring, breaches, escalation and remediation.
- Owned PLAT and VaR backtesting methodology development, documentation and operational readiness for PRA IMA submission, building a deep understanding of portfolio‑level risk, stress and capital attributions across trading desks and entities.
- Designed and delivered a front‑to‑back PLAT & VaR backtesting platform, integrating risk analytics, data lineage and control checks to support independent risk measurement, monitoring and trend analysis at book, desk and portfolio level.
- Led the model change submission lifecycle for Market Risk models (VaR, ES, PLAT), including analytical impact assessments, documentation, effective challenge, regulatory engagement and front‑to‑back implementation.
- Led Basel 3.1 / FRTB IMA risk appetite and IMA capital input reporting framework design such as model governance structure, capital aggregation, and alignment of risk methodologies with trading strategies and risk appetite.
- Directed regulatory submissions (PRA, ECB, HKMA, FED/OCC) and provided quantitative analysis on market risk, stress losses, FRTB capital and emerging risks to senior management and regulators.
- Implemented a BCBS239‑aligned capital aggregation framework, improving transparency of risk and capital attributions across Market Risk and CCR for portfolios and legal entities.
- Owned delivery of COREP, ICAAP, Pillar 3 and IMA/IMM submissions, ensuring risk metrics (VaR, SVaR, IRC, EAD, PFE, WWR, CVA) accurately reflected trading inventory and supported optimisation of RWA and return on capital.
- Established and chaired the Global Traded Risk Control Committee, providing independent oversight of portfolio‑level risk, stress losses, capital impacts and control issues, and ensuring timely escalation to senior management.
- Led an S166 remediation programme, strengthening data lineage and model hierarchy across market risk systems, reducing model/data risk and improving confidence in risk and capital numbers used for decision‑making.
- Oversaw Market Risk and CCR capital inputs (VaR, SVaR, RNIV, EAD, PFE, WWR, CVA) and analysed drivers of capital and risk‑adjusted return, supporting discussions with businesses on optimising risk vs capital.
- Acted as primary interface with regulators (PRA, ECB, FED, HKMA, OCC) on market risk topics, including backtesting exceptions, stress testing, model performance, capital impacts and control frameworks.
- Designed the global VaR backtesting governance and risk attribution framework, establishing a global VaR backtesting hierarchy and risk attributions for trading books, embedding a more holistic understanding of risk drivers across portfolios.
Valuation Product Controller at HSBC Global Banking & Markets (2010-08 – 2015-05)
Managed end‑to‑end Valuation Control for Credit desks (Flow Credit, Structured Credit, Secondary Loan Trading, XVA), including daily P&L and valuation of CVA, FVA, XVA and complex credit instruments (CDS, indices, secondary loans/claims, illiquid bonds).
- Led daily P&L attribution analysis, reconciling theoretical vs actual P&L and validating Greeks and risk sensitivities used in risk engines and VaR, improving understanding of risk factor and product‑level drivers.
- Delivered Independent Price Verification for complex Fixed Income and Credit portfolios, assessing market data quality, liquidity and valuation uncertainty, and escalating valuation/risk issues to Risk and Finance.
- Acted as primary valuation and risk partner for Credit and XVA desks, explaining risk and P&L drivers (credit spreads, funding costs, basis risks) and providing effective challenge on positions and strategies.
- Owned the PVA / AVA framework for the Credit business to meet EBA Prudent Valuation and local regulatory standards, linking valuation uncertainty to capital and risk measures.
- Managed upgrades of Sophis, Murex and Calypso, ensuring trade and market data quality for valuation, risk and P&L, supporting more accurate risk and capital attribution.
Equity Derivatives Product Controller at Barclays Corporate & Investment Bank (2007-01 – 2010-08)
- Independently reviewed exotic equity derivative payoffs and validated pricing model implementation, ensuring correct risk representation and P&L.
- Partnered with Model Risk Management to strengthen model governance and agree valuation adjustments, contributing to robust independent risk and valuation oversight.
