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’ll 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!

What you will do:

Provide first line of defence risk management for the Derivatives Clearing, Securities Finance and FX Prime Services businesses. You’ll 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.

In this role you will:

• Provide first line of defence risk management for Securities Finance, FX Prime Services and DCS portfolios
• 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 (e.g., VaR, ES, EPE, PFE), investigate large movements, and produce ad-hoc/periodic reporting and early warning indicators

You should apply if you have:

• A 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 (e.g., Bloomberg/Reuters)
• Ability to manage multiple priorities, with awareness of regulatory rules and model governance standards

Even if you feel you do not meet 100% of our qualifications, we encourage you to apply, if you believe this role is right for you.

What you’ll get in return:

HSBC has been certified “ Top Employer 2026” in Europe. This recognition from the Top Employers Institute rewards our HR practices and recognises HSBC as an HR Leader in several countries in Continental Europe. Not only is HSBC a great place to work, but we also offer the following unique and exciting benefits & opportunities!

• We’ll help you progress your career, including access to development programmes , through HSBC University and our Degreed platform
• You can work your way and will have a say in when, where and how you and your team flexibly work together
• Our benefits will give you financial security , and can include company savings plan (PEE), savings plan for collective retirement, mutual insurance for you and your family, loyalty bonus, a Time Savings Account to monetize untaken off days (CET)…
• A Work Council which offers ticketing, travel, sports, legal aid, Christmas vouchers, Summer break vouchers…
• Our family-focused benefits can help you to support your loved ones and include family events days off (wedding, civil union…), additional maternity or breastfeeding leave, birth bonus, partial reimbursement of childcare costs, assistance to employees taking care of a relative with disability…
• We’ll give you a huge range of resources that support your well-being (yoga, sophrology, Mindfulness app)
• You’ll have international opportunities - this can be your place to start and branch out to anywhere we have offices
• A work environment that promotes Diversity & Inclusion , where you’ll be able to join our different Employee Resource Groups
• These benefits are on top of local usual benefits in France (refund of transport fees at 50%, 5 weeks of 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’re dedicated to creating diverse and inclusive workplaces. We are committed to removing barriers & 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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