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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, contingency, geopolitical, operational, credit, pension, insurance, financial crime and regulatory compliance, market and reputation risks. All parts of the Global Risk team use their skills, insight and integrity to handle established threats and those they see emerging, acting to protect and enable HSBC to deliver sustainable growth.
We are currently seeking an ambitious individual to join our team as a , working together with colleagues to define, manage and achieve divisional business targets.
Group Risk Economics has a vacancy in its team for an economist who will play a pivotal role in scenario review and governance. These range from established processes, such as IFRS9 and Stress Testing and Planning as well as new areas of focus, such as Climate Change.
In this role, you will:
Ensure timely production and dissemination of the team’s documentation, for IFRS9 and stress testing
Lead on review and analysis of the UK economy and other European countries. The role will be expected to provide review and challenge of IFRS9 and stress testing scenarios
Closely follow the analysis and forecasts of major think tanks, research organisations and Central Banks and then synthesise this into appraisal of forecasts and scenarios
Review and challenge model forecasts to ensure economically coherent paths for variables across different scenarios
Monitor the economic environment and provide regular reporting of key economic indicators
Monitor emerging risks and fast moving events and provide appropriate written commentary
Develop analytic tools, as required, to facilitate economic monitoring
Provide support for reviewing models and methodologies as well as scenario development
To be successful in the role, you should meet the following requirements:
Substantial experience as an economist working in major international banks, IMF, Central Banks, Government economic services, economic forecasting organisations or major, multi-national companies
Significant experience in forecasting and scenario generation gained for stress testing and/or IFRS9
Have an active interest in climate change and be familiar with the challenges of climate scenario generation
Proven track record of having conducted research and produced high quality written documentation on economic issues
Understanding of global macroeconomic issues and major economic risks for the design and assessment of macroeconomic scenarios
Experience and understanding of accounting controls and risk management governance preferred
Established track record as an economist. Demonstrate understanding of either wholesale or retail risk and the macroeconomic drivers of default
Established writing skills. Able to convey complex economic ideas in simple language. Strong data visualisation skills – able to source economic data and produce innovative charts and graphs to summarise economic relationships
Good communication and interpersonal skills. Able to communicate convincingly with senior and junior audiences alike
You’ll achieve more when you join HSBC.
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As a business operating in markets all around the world, we believe diversity brings benefits for our customers, our business and our people. This is why HSBC is committed to being an inclusive employer and encourages applications from all suitably qualified applicants irrespective of ethnicity, religion, age, physical or mental disability/long term health condition, marital status, sexual orientation, gender identity, gender expression, genetic information (including characteristics and testing), military and veteran status, and any other characteristic protected by local law in the jurisdictions in which we operate. Within the work place you will have access to various employee resource groups which aim to promote and achieve a healthy work / life balance and support our diversity ambitions. HSBC has in place processes in order to avoid nepotism, which means to avoid creating circumstances in which the appearance or possibility of conflicts of interest may exist within the hiring process.