Job Advert Details
Some careers shine brighter than others.
If you’re looking for a career that will help you stand out, join HSBC, and fulfil your potential. 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.
Your career opportunity
The Group Wholesale Impairment team, part of Wholesale Credit Risk Management function, is responsible for the measurement, management, calculation, controls and governance of IFRS9 Expected Credit Loss (ECL) reserves for the group-wide Wholesale portfolio (EAD >$1.6tn). We collaborate with Risk and Finance functions across all regions (80+ sites) and lead the review and challenge of Wholesale ECL impairments. The team has oversight of the 400+ Sox controls that are operated in the end-to-end IFRS9 process, working closely with internal and external stakeholders to continuously monitor, challenge and improve the control environment.
The role holder will / is expected to
- Design and assist in implementing the Global Stress Testing Framework.
- Manage the execution of the quarterly Wholesale Internal Stress Test exercise
- Develop new stress testing tools, supporting bottom-up Stress Testing capabilities and methodology enhancements.
- Collaborate with GRA (Group Risk Analytics) in understanding the model landscpare and any model deficiencies.
- 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;
- Ability to build ad-hoc analytical tasks with ease (e.g. ECL impact estimates or management overlays for tackling model limitations etc.);
- Manage the relationship with regional Stress Testing teams, other group WCR and Business teams.
- Support a robust 2Line review & challenge of the PRA Stress Testing numbers, overlay assessment, Group Internal Stress test and Climate Risk stress test results;
What you need to have to succeed in this role
Knowledge and Experience
- Strong experience of IFRS9, Stress testing or management of large regulatory change in HSBC or a large UK bank is essential.
- 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.
- Previous direct and indirect line management responsibilies will be essential.
- Excellent communication skills and ability to articulate complex information in clear and structured way to suit audience.
- Good 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.
- Proven ability to take ownership and accountability – “Self Starter”
- ‘Can Do’ attitude and strong focus on getting things done.
What we offer
- Competitive salary
- Annual performance-based bonus
- Additional bonuses for recognition awards
- Multisport card
- Private medical care
- Life insurance
- One-time reimbursement of home office set-up (up to 800 PLN).
- Corporate parties & events
- CSR initiatives
- Nursery and kindergarten discounts
- Financial support with trainings and education
- Social fund
- Flexible working hours
- Free parking
If your CV meets our criteria, you should expect the following steps in the recruitment process:
- Online behavioural test (for external candidates only)
- Telephone screen (for external candidates only)
- Job Interviews with the hiring manager
We are looking to hire as soon as possible so don’t wait and apply now!
You'll achieve more when you join HSBC.
We thank all interested candidates for their applications. We reserve the right to contact only selected candidates.
In case you would like to resign from participation in recruitment process or withdraw previously sent to us application, please email us at: krakow.recruitment@hsbc.com