Credit Risk Manager - 3 Months Fixed Term Contract

Job description

Global Vision. Local Focus.

Things really are different here. A career with HSBC in Canada is truly an experience that few financial service organisations can match. Here you will find yourself inspired and supported by colleagues whose daily responsibilities cross time zones, continents and cultures. You will be motivated to aim for your highest aspirations, and enjoy the rewards of belonging to a diverse and growth-driven culture.

Canada is a priority market for HSBC. We remain focused on growing customers locally with our unique products, and we offer a full suite of solutions developed from our global connectivity and network. HSBC has the institutional strength, capacity and commitment to support our Canadian client's requirements here and around the world. Employees who thrive at HSBC are service focused, entrepreneurial and driven. They show collaborative spirit and a quest for continuous improvement, while having the industry expertise and business acumen to deliver.

About Global Functions

HSBC's Global Functions play a vital role in supporting the bank's Global Businesses and offer a broad range of career opportunities in areas from legal, risk and finance to human resources, sustainability, marketing and communications. Our operational and functional teams around the world help HSBC's Global Businesses to operate efficiently and effectively on a day-to-day basis. They also focus on controls and governance to reduce risk and protect the Group's reputations.

Global Risk is a thriving and expert risk management function supporting HSBC globally with all aspects of risk management. The team actively manages a varied and dynamic range of risk types, including security, fraud, information security, operational, credit, pension, insurance, compliance, regulatory, market, reputation and geopolitical risks.

A Day in the Life of a Credit Risk Manager include the following:

The position is primarily responsible for analyzing retail credit risk, including model development, strategy development, portfolio analysis, performance monitoring and data management.

Principle Accountabilities:
· Deliver fair outcomes for our customers and ensure own conduct maintains the orderly and transparent operation of financial markets.
· Internal stakeholders: IT, Finance
· Business lines: RBWM
· Lead and develop an effective team through communication, performance management, development plans and reward/recognition practices.
· Promote an environment that supports diversity and reflects the HSBC Brand.
· Supports the development, maintenance and analysis of all Retail analytics models, strategies and reports
· Works with the business team to provide risk support for new and existing lending programs and projects
· Provides statistical analysis and reporting on retail credit risk
· Drafts, updates and maintains regulatory and audit compliant documentation on the development and validation of risk models, strategies and reports.
· Stays current on regulatory developments related to Retail Credit Risk, drafting new documentation, gap analyses, or memoranda as required
· Works with other internal teams to comply with regulatory requirements and deliver needed projects to maintain compliance on an ongoing basis
· Ensures the accuracy of all Retail Analytics management information generated by the department, including reconciliation of data to financial accounts or other benchmarks
· Quickly assesses and recognizes variances and inconsistencies in data and the various outputs of particular models and reports. Works independently and makes quick decisions with respect to data elements and the various analyses to be taken generally without reference to senior staff.
· Generates multiple risk related electronic files, management reports and ad hoc queries in a timely manner
· Plans and conducts validation of the Retail portfolio by effectively challenging both methodology and assumptions
· Ensure all employees are aware of and effectively identify and manage applicable money laundering (ML), terrorist financing (TF), sanctions and reputational risks.
· Complete other responsibilities as assigned

Desired profile

Qualifications :

Knowledge & Experience / Qualifications:
· 
A degree in statistics, mathematics or other quantitative discipline.

·  At least 3 years of experience in data modeling preferably in the credit risk function of a bank or financial services organization
·  Extensive analytical skills and statistical knowledge
·  Advanced proficiency in the use of SAS as well as excellent data presentation skills
·  Experience in data management, data processing and data analysis
·  A sound understanding of the data, products, systems and processes with respect to Retail Risk

HSBC Proud


In 2016, HSBC Bank Canada was named one of the “Best 50 Corporate Citizens” in Canada by Corporate Knights magazine for the fifth consecutive year.

Here are some of the reasons why:
·  Career Development: Within your current role, as well as Canadian and international opportunities
·  Company Reputation: Offering prestige, strength, and longevity
·  Business Growth: Underpinned by our drive, and the highest banking standards
·  International Connectivity: Opportunities to network and build global relationships
·  A diverse workforce: Reflecting our belief that diversity of thought, background and perspective make HSBC a stronger organization
·  Corporate Sustainability: We build our business for the long term by balancing social, environmental and economic considerations in the decisions we make
Learn more about HSBC

HSBC Bank Canada, a subsidiary of HSBC Holdings plc, is the leading international bank in the country. We help companies and individuals across Canada to do business and manage their finances internationally through three global business lines: Commercial Banking, Global Banking and Markets, and Retail Banking and Wealth Management. HSBC Group - one of the world's largest banking and financial services with assets of US $2,492bn at 30 June 2017. Linked by advanced technology, HSBC serves customers worldwide through an international network of around 3,900 offices in 67 countries and territories in Europe, Asia, North and Latin America, and the Middle East and North Africa.