At HSBC, the health and well-being of our employees remains of utmost importance. Many of our roles are permitted to work from home (in states in which HSBC is licensed to operate) until further notice. Upon resumption of normal operations, this role may be performed at our New York, New York office.

As the US Liquidity Specialist on the Global Regulatory Policy ('GRP') team, you will be an integral part of the team that is responsible for establishing HSBC's Group level, and certain regional level, regulatory capital policies, and for advising the firm's business lines of the impact of these policies upon transactions and new products.

GRP provides technical regulatory support and guidance to infrastructure functions and businesses across a full range of financial products and regulatory issues, providing challenge and governance to mitigate regulatory risk. GRP continuously monitors new rule developments and other ongoing changes to the prudential regulatory landscape. GRP has historically covered a number of key aspects of prudential interpretation, including risk weighted assets (RWAs), capital resources, and the leverage ratio, across a full range of risk areas e.g. credit risk, counterparty credit risk, securitisation, market risk, etc. GRP is organized as a global team with a physical presence in the UK, US, Hong Kong, France, India, and Mexico.

This is an exciting new opportunity to join the GRP's presence in the US with a key focus on Liquidity policy. Specifically, the role will be critical to the analysis and interpretation of Liquidity prudential requirements, including the Liquidity Coverage Ratio (LCR) and Net Stable Funding Ratio (NSFR) as administered by the US prudential regulators, e.g. the Fed, OCC, and FDIC. The role will be based in New York City.

The GRP function currently ensures timely review and notification of new developments in prudential policy regulation which impact the calculations of RWAs, leverage ratio, and capital resources, as well as any related regulatory reporting impacts, and provides policy support as part of advocacy and implementation efforts. The successful candidate will help expand GRP's support to cover interpretations of the US Liquidity requirements and be part of GRP's global subject matter expert team that will be responsible for advising on prudential Liquidity regulations and providing expert technical regulatory support.

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You will be responsible for:

• Tracking new policy developments and formulate HSBC's regulatory policies accordingly, providing detailed practical guidance, distributed to a wide range of partners;
• Producing and review regulatory opinions and interpretations on sophisticated transactions and new products to ensure compliance with Group and local regulatory policies, ensuring all interpretations are subject to appropriate governance;
• Providing technical support and guidance to both infrastructure functions and businesses;
• Providing technical support on the implementation of new regulatory requirements;
• Facilitating the HSBC Group's response to future regulatory developments, including the implementation of the final Basel III reforms, and influence the external development of regulatory policy by leading on advocacy efforts in response to new standards, proposed rules, and discussion papers.