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Some careers open more doors than others.
If you’re looking for a career that will unlock new opportunities, join HSBC and experience the possibilities. Whether you want a career that could take you to the top, or simply take you in an exciting new direction, HSBC offers opportunities, support and rewards that will take you further.
As Senior Manager – Wholesale Credit Risk you will report to the Director – WCRM Impairments & Stress Testing and assist in providing oversight to support the aggregation, review and reporting of IFRS9 Impairment risk numbers for the Wholesale portfolio to senior management. The role will require oversight of the offshore team responsible for delivery of the impairment process. You will also support the SLOD review & challenge of the regulatory stress test results for Wholesale Credit Risk portfolio.
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.
As an HSBC employee in the UK, you will have access to tailored professional development opportunities and a competitive pay and benefits package. This includes private healthcare for all UK-based employees, enhanced maternity and adoption pay and support when you return to work, and a contributory pension scheme with a generous employer contribution.
In this role, you will:
Responsible for roboust review & challenge of the IFRS9 numbers, overlay assessment and regional sign-off in line with SoX control governance requirements;Review, analyse and report the expected credit loss / loan impairment numbers and provide insightful trends, analytics and forecast for future periods. Manage the LIC reporting related book of work;Ability to articulate trends in PDs, LGDs, EADs and ECLs in terms of modelling and non-modelling drivers of the Wholesale portfolio, and relate to macroeconomics, methodology, credit policy;Support Business Impairment Committee and responsibility for the review packs and ensure a thorough review and challenge of the numbers by internal and external stakeholders;Ability to build ad-hoc analytical tasks with ease (e.g. ECL impact estimates or management overlays for tackling model limitations etc.);Support a robust 2Line review & challenge of the PRA Stress Testing numbers, overlay assessment, Group Internal Stress test and Climate Risk stress test results;Plan, manage and execute the overall Wholesale runbook, operating model and governance, including enhanced documentation to SOX controls standards. Ensure full compliance to Group policies and governance and controls framework in line with internal and external stakeholder expectations;Responsible for internal/external audit, SoX controls and any other support required for regulatory engagement.
Qualifications To be successful in this role you should meet the following requirements:
Strong experience of IFRS9, Stress testing or management of large regulatory change Good understanding of Impairment related processes including systems, models and reporting aspects across credit risk and finance functions.Strong problem-solving/analytical abilities, needs to be able to distil complex problems into manageable parts and plan work accordingly. Excellent communication skills and ability to articulate complex information in clear and structured way to suit audience.Strong knowledge of credit risk models (PD, LGD, EAD, Staging and ECL)– both in terms of development/validation/monitoring practices and downstream usage of modelled outputs by business/finance/risk, will be an advantage.Ability to effectively work with global and regional teams in Risk, Finance and relevant Transformation functions.ACA or ACCA or CISI or CSA qualified, relevant professional qualification, or relevant advanced degree
The role will be based in London with the teams working on Hybrid working.
You’ll achieve more when you join HSBC.
At HSBC we look to enable our employees to better balance their work / life priorities and have the flexibility required to meet challenging needs as they progress through different life stages. Where possible we will consider the following flexible working options: part-time working, job sharing, term-time working, and working from home and staggered hours. If in considering a role with HSBC you have a need for some flexibility in your working arrangements please discuss this with the recruitment team in the early stages of the application process.
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.
We want everyone to be able to fulfil their potential which is why we provide a range of flexible working arrangements and family friendly policies
Telephone: +44 2078328500
Job Field: Risk and ComplianceRole Workstyle: Hybrid WorkingPrimary Location: Europe-United Kingdom-Greater London-LondonJob Type: Permanent - Full TimeJob Posting: 21-Sep-2022, 19:58:40Closing date: 29-Sep-2022, 04:29:00