Quantitative Analyst, Stress Testing and IFRS 9

Job description

The role of the Quantitative Analyst, Stress Testing and IFRS 9 will have the responsibility of assisting with the implementation, development, validation and monitoring of Stress Testing (ST) and International Financial Reporting Standards (IFRS) 9 quantitative models within HSBC Bank plc - UK Bank / Retail bank (HBEU) Wholesale credit risk.

Your responsibilities will include:
· Analysing impact on the Business
· Analysing Stress testing and IFRS 9 models' quality, methodology and design directly impact business investment decisions through loss given default (LGD) and exposure at default (EAD) and probability of default (PD)
· Analysing Credit risk models direct impact on bank's capital position
· Analysing Credit risk models impact business portfolio management decisions (by allocating of the capital to different business lines and sectors)
· Maintaining relationships with Customers/Stakeholders
· Analysing Risk areas (Wholesale Credit and Market Risk (WCMR), Risk Strategy) are important stakeholders of stress testing and IFRS 9 models
· Analysing stress testing and IFRS 9 models for Commercial Banking (CMB) and Global Banking and Markets (GBM) to directly drive their portfolio management decisions through the sector risk analysis and capital allocations.
· Support Leadership & Teamwork
· Validating, monitoring and implementing Quantitative analysis covering HBEU wholesale credit ST and IFRS9 model development
· Playing an important role as a member of the Regional Global Risk Analytics (GRA) team in charge of the whole Risk Rating System for the bank making the decisions related to model methodology, project planning and implementation.
· Maintaining Operational Effectiveness & Control
· Assisting team colleagues responsible for checking model data quality, monitoring, and reporting issues to the steering committees etc.
· Maintaining a very good control of data sources, model data quality, model development and an oversight of the model delivery.

Desired profile

Qualifications :

The ideal candidate for this role will have the below experience and qualifications:
·  Relevant Wholesale credit modelling experience, ideally in stress testing or IFRS 9
·  Masters/PhD level in a quantitative discipline: Math Science/Engineering/Mathematical Finance/Statistics/Econometrics/Quantitative Economics or equivalent
·  Very good knowledge of statistics and/or econometrics
·  Excellent time management skills, ability to produce high quality outputs under pressure and within challenging timelines
·  Demonstrated solid problem solving skills
·  Very good understanding of Stress testing, Advanced Internal Risk Based (AIRB) and IFRS9 modelling or demonstrated ability to learn new topics quickly and well
·  Proficiency in the manipulation of large data sets and excellent understanding of credit-risk related data
·  Excellent working knowledge of SAS/SQL or at least another statistical package to analyse large datasets (e.g.: Stata, Python). Knowledge of Matlab or R desirable
·  Very good communication skills
·  Ability to maintain a close and efficient working relationship with related parties, and to work well within a team
·  Good understanding and interpretation of relevant regulations
·  Keen to understand economic and corporate risks relevant for stress testing and IFRS 9
·  Set and achieved challenging short, medium and long term goals which exceeded the standards in their field
·  A flexible and adaptable management style with experience of developing yourself and others
·  Excellent written and spoken communication skills; an ability to communicate with impact, ensuring complex information is articulated in a meaningful way to wide and varied audiences
·  Built effective networks across business areas, developing relationships based on mutual trust and encouraging others to do the same
·  A comprehensive understanding of risk management and proven experience of ensuring own/others' compliance with relevant regulatory processes

The base location of this role will be Park Street, London.

HSBC is committed to building a culture where all employees are valued, respected and opinions count. We take pride in providing a workplace that fosters continuous professional development, flexible working and opportunities to grow within an inclusive and diverse environment.