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:
Conduct ad hoc and standard stress testing analysis to inform management to help guide management actionsDeep 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 modelsUnderstand suite of HSBC models, how they work and downstream impacts during the implementation of these modelsDeep dive into stress testing forecasts to look for anomalies and trends to help determine potential overlays and underlays to model resultsPrepare adjustment templates, upload to systems and verify accuracyCreate 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 activitiesWork 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 raisedInteract 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.