Risk Manager (Derivatives Clearing Services) (f/m/d)

At HSBC, our purpose is opening up a world of opportunity and by joining our team, you can be part of something bigger! We are committed to removing barriers and ensuring careers at HSBC are inclusive and accessible.

Being part of HSBC in France, you will help evolve and grow our business. Are you curious and analytical? Do you have a strong interest in securities financing risk and quantitative modelling? Do you enjoy working in a multicultural and fast‑paced environment? If you answered yes to any of these questions, we want to hear from you.

Responsibilities

• Provide first‑line of defence risk management for Derivatives Clearing, Securities Finance and FX Prime Services businesses.
• Manage client exposure through margining and limits, and contribute to the development and maintenance of risk and margin methodologies, analytical tools and reporting to support risk decision‑making.
• Set and calibrate margin levels, control financing provided, and set appropriate client‑facing limits.
• Negotiate strong risk terms with clients, including term financing arrangements.
• Develop, calibrate and maintain risk and margining methodologies across products.
• Enhance the model suite and build new analytical tools, including tactical margining solutions.
• Perform daily credit risk and limit monitoring (VaR, ES, EPE, PFE), investigate large movements, and produce ad‑hoc/periodic reporting and early warning indicators.

Qualifications

• Markets background with understanding of market risk for derivatives across asset classes.
• Good understanding of counterparty risk (including hedge funds) and exposure to client default situations.
• Proven experience in quantitative/statistical modelling and extensive data analysis.
• Strong stakeholder management and communication skills (Front Office, Risk, Audit, Model Validation, Model Risk).
• Strong programming skills in Python or R, plus SQL, and experience with market data (Bloomberg/Reuters).
• Ability to manage multiple priorities, with awareness of regulatory rules and model governance standards.

Benefits

• Progress your career through development programmes, HSBC University and the Degreed platform.
• Flexibility in where, when and how you and your team work together.
• Financial security through company savings plans, retirement schemes, mutual insurance, loyalty bonus, and a Time Savings Account to monetize untaken off days.
• Work Council benefits, including ticketing, travel, sports, legal aid, Christmas vouchers and summer break vouchers.
• Family‑focused benefits: family events days off, additional maternity or breastfeeding leave, birth bonus, partial reimbursement of childcare costs, assistance for employees caring for a relative with disability.
• Resources that support well‑being (yoga, sophrology, Mindfulness app).
• International opportunities across HSBC offices worldwide.
• Work environment that promotes Diversity & Inclusion, with Employee Resource Groups.
• Local benefits in France: 50% transport fee refund, 5 weeks paid vacation, RTT, meal voucher card or corporate restaurant depending on location.

Being open to different points of view is important for our business and the communities we serve. At HSBC, we are dedicated to creating diverse and inclusive workplaces. We are committed to removing barriers and ensuring careers at HSBC are inclusive and accessible for everyone to be at their best.

If you have a need that requires accommodations or changes during the recruitment process, please let us know.

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