Job Title: Manager - Wholesale Impairment Stress Testing
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If you're looking for a career that will help you stand out, join HSBC and fulfil your potential. Whether you want a career that could take you to the top, or simply take you in an exciting new direction, HSBC offers opportunities, support and rewards that will take you further.HSBC is one of the largest banking and financial services organisations in the world, with operations in 64 countries and territories. We aim to be where the growth is, enabling businesses to thrive and economies to prosper, and, ultimately, helping people to fulfil their hopes and realise their ambitions.
We are currently seeking an experienced professional to join our team in the role of
Manager - Wholesale Impairment Stress Testing
In This Role , You Will
- Assist in implementing the Global Stress Testing Framework.
- Assist in the execution of the quarterly Wholesale Internal Stress Test exercise
- Develop new stress testing tools, supporting bottom-up Stress Testing capabilities and methodology enhancements.
- Manage the relationship with regional Stress Testing teams, other group WCR and Business teams.
- Undertake and support the VP in review, analysis and reporting of the expected credit loss / loan impairment numbers and provide insightful trends, analytics and forecast for future periods. Manage the LIC reporting related book of work
- Ability to articulate trends in PDs, LGDs, EADs and ECLs in terms of modelling and non-modelling drivers of the Wholesale portfolio, and relate to macroeconomics, methodology, credit policy
- Assist the VP in planning, manage and execute the overall WCRM CoE Wholesale impairment runbook delivery, operating model and governance, including enhanced documentation to SOX controls standards. Ensure full compliance to Group policies and governance and controls framework in line with internal and external stakeholder expectations
- Responsible for internal/external audit, SoX controls and any other support required for regulatory engagement.
To Be Successful In This Role
- Risk manager with over atleast 5-6 years of banking experience or equivalent and a thorough knowledge and experience of IFRS9, Stress testing or management of large regulatory change in HSBC or a large bank is essential.
- Good understanding of Impairment related processes including systems, models and reporting aspects across credit risk and finance functions.
- Excellent communication skills and ability to articulate complex information in clear and structured way to suit audience.
- Good knowledge of credit risk models (PD, LGD, EAD, Staging and ECL) both in terms of development/validation/monitoring practices and downstream usage of modelled outputs by business/finance/risk, will be an advantage.
- Ability to effectively work with global and regional teams in Risk, Finance and relevant Transformation functions.
- ACA/ACCA/CISI/CF qualified, relevant professional qualification, or relevant advanced degree
- Knowledge of data analytics tools (SAS and/or SQL and/or Python and/or R etc.)and s trong Excel skills.
- Business knowledge of credit risk/impairments/stress testing will be preferred
You'll achieve more at HSBC
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