Assistant Vice President Pre Provision Net Revenue (PPNR) Modeling

Job description

This role is responsible to design and develop pre-provision net revenue (PPNR) models used in bank stress testing (CCAR). Responsible for establishing a fit-for-purpose models, with strong governance and analytics. Support Head of PPNR Modeling in all PPNR forecasting assessments, and analysis around capital implications related to CCAR scenarios.

PPNR models forecast net revenue before adjusting for loss provisions. For a bank, net revenue would be the sum of net interest income and non-interest income less expenses (except loss provisions).

Other responsibilities of the position include: working with business partners to provide financial and technical analysis and recommendations regarding current and/or proposed PPNR models; working with businesses, risk and finance teams to submit and validate data and analyze the consolidated results; production of the final regulatory 14A submission and data quality assurance of the submission; and partnering with other CCAR teams such as documentation, process or review and challenge in order to provide and analyze results.

Impact on the Business
· Build PPNR models used in stress testing.
· Help identify risk drivers related to individual businesses
· Provide quantitative support to build intuitive forecast
Leadership & Teamwork


· Assist in leading and developing an effective team through communication, performance management, development plans and reward & recognition practices. Cultivate an environment that supports diversity and reflects the HSBC brand.

Operational Effectiveness & Control

· Develop methods, procedures, reports, and databases to track and maintain data for analytics.
· Implement continuous improvement strategies to ensure consistent improvement
· Partner with compliance and audit in order to ensure that risk policies are followed
Major Challenges
· This is a critical role for the Stress Testing exercise, hence quality and timely completion of the given task is important.
· High pressure and aggressive deadlines during CCAR process
· Knowledge of the technical and evolving world of stress testing and CCAR
· Achieving a balance between customer driven demand and maintaining an independent perspective
· Integrating multiple analysis from different sources to deliver a comprehensive view of the situation.
Role Context
· Substantial autonomy to guide area of responsibility
· Need to partner with many different sites, locations and businesses effectively
· Flexible and multiple work locations driven by personal and organizational need
Management of Risk
· Ensure compliance, operational risk controls in accordance with HSBC or regulatory standards and policies; and optimize relations with regulators by addressing any issues.
· For formal models ensure appropriate documentation and controls are maintained

Observation of Internal Controls

· Maintains HSBC internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators.

Desired profile

Qualifications :

·  Minimum of three years of proven financial management experience or equivalent. Financial Services industry experience preferred
·  Advanced (masters or PHD equivalent) degree in a quantitative (e.g. science, mathematics, engineering, econometric, financial engineering) field.
·  Proficiency in programming language (e.g. SAS, Python) for model devleopment
·  Proficiency in Microsoft Office suite
·  Experience in statistical model development
·  Basic knowledge of bank stress testing and CCAR requirements
·  Strong ability for problem solving and attention to detail
·  Strong communication, analytical, and presentation skills
·  Strong ability for problem solving and attention to detail
·  Strong communication, analytical, and presentation skills
·  Ability to operate in a fast-paced environment and with all levels of internal and external management and government regulators
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