HSBC Group

Open positions: 1

Global Career Band: 5IC

Why join us? 

HBAP’s wholesale balance sheets exceed USD 150 billion and cover 20+ sites. As part of the regulatory risk and analytics team, the incumbent will need to have a detailed understanding of these assets in order to identify potential risks in specific products and monitor potential economic difficulties in the Asia Pacific regions. Be able to document key issues and methodologies clearly.

The Opportunity:  

The role holder is responsible for supporting Wholesale Risk Analytics and data driven decision making across the regions and the Group. The role is expected to work towards credit risk model development which includes Regulatory (IRB) as well as Wholesale Economic Response Models (Stress Testing, Economic Capital and IFRS9) for multiple portfolios and business decision making (planned in close collaboration with Business heads, Risk (WCRM), Regional counterparts, Finance, MRM & Data team.      

What you’ll do:     

Principal Accountabilities and Responsibilities (e.g., for Business, Customers and Stakeholders; internal control environment, etc.)

• Lead in delivering at least one of the following key wholesale risk model engagements:

• Development, validation, and maintenance of Regulatory credit risk models including PD, LGD, RWA for wholesale clients.

• Development, validation, and maintenance of Wholesale Economic response models (Stress Testing, IFRS9) including PD, LGD, ECL for wholesale clients.

• Demonstrate an expertise in highly technical areas (e.g. statistical regression analysis, statistical model builds of PD, LGD and EAD models), as well as a deep understanding of the Wholesale business environment and its associated credit products.

• Collaborate with Business heads, Risk (WCRM), Regional counterparts, Finance, MRM & Data team.

• Responsible for ensuring that the model outputs are required to support annual ICSA exercise, regulatory submissions enabling to embed Climate in Credit risk and assess impact of net-zero risk on wholesale portfolio.

• Engage with team leads, senior management, project owners and project sponsors as well as model reviewers and approvers.

• Follow the global model standards while supporting model development, validation, and monitoring.

• Develop a good understanding of risk data flows from customer and product systems, defining it through to the finance and regulatory reporting systems.

• Translate and present technical work into more acceptable form in order to get the stakeholders' buy-in.

What you will need to succeed in the role:       

Functional Knowledge

• Relevant analytics experience in banking domain / IFRS9 risk analytics/ Stress testing.

• Good exposure to credit model methodologies data requirement for Stress Testing models, AIRB and IFRS 9 modelling.

• Knowledge and understanding of wholesale portfolio risk drivers, their use and impact on capital requirements. knowledge of regulatory capital and its components.

• Knowledge of AIRB/IFRS9 PD, LGD or EAD credit model development would be a plus.

• Decent understanding and interpretation of regulatory rules.

• Strong coding skills in Python, R, SAS, Matlab, SQL etc. would be essential.

• Certifications like FRM, CQF or SCR will be preferable.

What additional skills will be good to have?     

• Continuous adaptation to business environment under constant and occasionally dramatic change in response to the economic environment, updated regulations, and changing business tactics.

• Develop sufficient comprehension of existing processes, systems, and business practices required to recommend and implement future solutions.

• Dependencies upon teams and functions outside of immediate area of responsibility

• Contribute to a team consisting of onshore, offshore and global remote staff.

• Ensure compliance, operational risk controls in accordance with HSBC or regulatory standards and policies; and optimize relations with regulators by addressing any issues.  

• Promote an environment that supports diversity and reflects the HSBC brand.

• Maintain HSBC internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators.

• Understand and ensure compliance with all relevant internal and external rules, regulations and procedures that apply to the conduct of the business in which jobholder is involved.

• Aware of the Operational Risk associated with this role.  All actions undertaken during their employment with HSBC must take account of the likelihood of operational risk occurring.

• Implement the Group compliance policy locally by managing compliance risk in liaison with the Global Head of Compliance, Global Compliance Officer, Area Compliance Officer or Local Compliance Officer, ensuring adequate compliance resources and training, fostering a compliance culture and optimizing relations with regulators.   

Please refer the Candidate User Guide in the below link to understand your own journey as a candidate.

https://hsbchrdirect.service-now.com/esc?id=kb_article&table=kb_knowledge&sysparm_article=KB0184596&sys_kb_id=712b5f041b1f82908d3a0fe7ec4bcbd6

You’ll achieve more at HSBC

HSBC is an equal opportunity employer 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. We encourage applications from all suitably qualified persons irrespective of, but not limited to, their gender or genetic information, sexual orientation, ethnicity, religion, social status, medical care leave requirements, political affiliation, people with disabilities, color, national origin, veteran status, etc., We consider all applications based on merit and suitability to the role.

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(* The information contained in this job description is a true and accurate reflection of the job as specified.)