VP Stress Testing and Impairment Analytics

Job description

Job description

Our purpose – Opening up a world of opportunity – explains why we exist. Here at HSBC we use our unique expertise, capabilities, breadth and perspectives to open up new kinds of opportunity for our more than 40 million customers. We’re bringing together the people, ideas and capital that nurture progress and growth, helping to create a better world – for our customers, our people, our investors, our communities and the planet we all share.

The role holder will work hand in hand with the Business, Strategic planning and Stress testing team, Finance, and Risk to ensure all regulatory and internal stress testing activities (including CCAR, AOP, GIST, PRA, EBA) are executed in time for wholesale credit function. Be able to effectively document and explain the results to Business and Senior Management. Responsible to ensure that all policies, procedures and systems are in place to support regulatory and BAU stress testing.

As our VP Stress Testing and Impairment Analytics you will:

·  Finalize the impairment projections, the role holder is expected to understand current Economic trends, macro projections/FEG, suite of HSBC models, how they work etc; to effectively challenge model results and help identify shortcomings and propose adjustments to ensure conceptually sound estimates

·  Conduct ad hoc and standard stress testing analysis to inform management to help guide management actions
·  Deep dive into existing portfolio to be able to understand portfolio dynamics, key and emerging risks (for Risk Identification)
·  Participate in model development process and Review and Challenge on the workings and design of models
·  Understand suite of HSBC models, how they work and downstream impacts during the implementation of these models
·  Deep dive into stress testing forecasts to look for anomalies and trends to help determine potential overlays and underlays to model results
·  Prepare adjustment templates, upload to systems and verify accuracy
·  Create review and Challenge Stress Testing Presentations while documenting minutes and following up on key takeaways. Ensure accurate and thorough documentation related to stress testing and impairment activities
·  Work with other members of WMR especially CAU experts, Business & Portfolio Management to conduct periodic sector related stress tests that are done internally and outside regulatory stress tests (ie CCAR)
·  Involve in discussions with internal and external Auditors on impairment and stress testing exercises and respond timely and effectively to queries raised
·  Interact with IMR, Audit, Assurance functions to ensure all governance requirements are effectively met and documented appropriately for their reviews

For this role, HSBC targets a pay range between $160,000.00 and $215,000.00

The final fixed pay offer will depend on the candidate and a number of variables, including but not limited to, role responsibilities, skill set, depth of experience and education, licensing/certification requirements, internal relativity, and specific work location.

At HSBC, our overall goal is to provide a competitive Total Reward Package, with an appropriate mix of fixed pay, and variable pay, as part of an employee’s overall total compensation and benefits. Variable pay generally takes the form of discretionary, annual awards (sometimes referred to as a “bonus”). Additionally, HSBC offers a wide range of competitive and flexible benefits designed to help you improve your health and well-being, finances, and lifestyle.

Requirements

You´ll likely have the following qualifications to succeed in this role:

·  Minimum of three years proven and progressive credit and financial services experience or equivalent, including experience in working in stress testing and loan loss reserves

·  Bachelor’s degree in finance, business, related field or equivalent experience; Masters degree preferred
·  Extensive knowledge of the Basel Capital Accord, IFRS and CECL accounting standard, CCAR and other US regulatory guidelines
·  Strong communications, analytical, decision-making, lateral thinking and interpersonal skills
·  Solid understanding of commercial credit processes, including credit risk assessment and systems, as well as econometrics, statistics and simulations
·  Knowledge of IFRS and CECL accounting standard, CCAR and other US regulatory guidelines
·  Strong working knowledge of Excel, SAS/MS Access/R/Python, Powerpoint, Tableau.

In compliance with applicable laws, HSBC is committed to employing only those who are authorized to work in the U.S. Applicants must be legally authorized to work in the U.S. as HSBC will not engage in immigration sponsorship for this position.

As an HSBC employee, you will have access to tailored professional development opportunities to ensure you have the right skills for today and tomorrow. We offer a competitive pay and benefits package including a robust Wellness Hub, all in a welcoming, diverse and inclusive work environment. You will be empowered to drive HSBC’s engagement with the communities we serve through an industry-leading volunteerism policy, a generous matching gift program, and a comprehensive program of immersive Sustainability and Climate Change Initiatives. You’ll want to join our Employee Resource Groups as they play a central part in life at HSBC, including the development of our employees and networking inside and outside of HSBC. We value difference. We succeed together. We take responsibility. We get it done. And we want you to help us build the bank of the future!

All qualified applicants will receive consideration for employment without regard to age, ancestry, color, race, national origin, ethnicity, disability or medical condition, genetic information, military or veteran service, religion, creed, sex, gender, pregnancy, childbirth, caregiver status, marital status, citizenship or immigration status, sexual orientation, gender identity or expression or any other trait protected by applicable law.