Vice President II, Global Risk Analytics - HSBC - New York, New York - EXPIRED

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Posted on: 11-27-2020 in New York, New York

This is an archive of an expired job.

Job Information:

Company: HSBC

North America-United States-New York-New York

At HSBC, the health and well-being of our employees remains of utmost importance.  Many of our roles are permitted to work from home (in states in which HSBC is licensed to operate) until further notice.

Automate the wholesale credit risk model implementation and monitoring for CCAR/DFAST/PRA/EBA Stress Testing exercises. Manage the UAT and production for the stress testing Probability of Default (PD), Loss Given Default (LGD) and Exposure at Default (EAD) Models.

Maintain and enhance existing STAT tool and infrastructure, include GCP migration, develop and implement CECL based Stress Testing framework.

Drive the process automation and liaise with New Business growth enabling analytical framework to be developed in the tool, extension the tool including model monitoring and validation framework (new initiatives).

Interact with business stakeholder, senior management and regulators to present Stress Testing results and reports. Support key decision-making processes including portfolio management, stress testing, strategic decision-making, and performance.

Liaise with functions across the organization in order to ensure timely receipt of Stress Testing deliverables, document processes and procedures involved in regular stress testing, interact on a regular basis with credit risk regarding scenario development and deliverables, analyze results and complete required templates and reporting.

Respond on the adhoc requests for analysis/ reports from Business/Risk/Finance management. Timely provide response to the regulatory questions during the CCAR exam.

Develop credit risk analytic measurements for specific products or portfolios as assigned.

Assist project teams composed of subject matter experts from Business Units and Risk areas. Ensure ratings and risk measures are conceptually sound, meets all Basel II and other regulatory requirements, and are consistent with industry practice.

Mentor and manage the junior team member

• Regulatory approval for effective risk models and loss estimation aligns risk measurement and capital.
• The STAT tool/framework is developed to streamline the end to end stress testing implementation, execution, loss forecasting, and report generation for the Senior Management, Board review, and regulatory submissions.
• Maintain and enhance STAT tool help the bank meet the expectations and requirements of the Stress Testing exercises. This in turn leads to more appropriate risk-return analysis for the business. 
• Understanding of regulatory requirements means the business is forewarned of changes in the regulation and can prepare accordingly.
• Effective communication with the GRA team at both Regional and Group levels ensures there is a strong common understanding of the risk models and that best practices are being applied.
• Providing bespoke analysis for new business helps ensure that the business can make appropriate risk/capital assessments.
• Deliver the GRA requirements for accountable risk models
• Leverage expertise across the Group to bring in best practices, while collaborating with local teams to ensure adapting those to local markets
• Assure the global standards for relevant models and analytics adhere to HSBC model governance and regulatory demand.

• Deliver fair outcomes for our customers and ensure own conduct maintains the orderly and transparent operation of financial markets
• Develop close and effective working relationships with Global Business, Regional & Functions to ensure impacted parties are well informed from a Group / Regional perspective on region and best practice sharing 
• Build trust and credibility with stakeholders in order to objectively engage them and where appropriate challenge their views
• Demonstrate analytical thinking, sound judgment, critical analysis, attention to detail and provide value-added advice

• Proactively manage model development projects: attention to time schedule and resource planning, lead panel meetings and discussion with business experts, write good quality and comprehensive documentation.
• Establish and maintain strong working relationships with with key stakeholders (i.e. Business, Risk, Finance)
• Foster, coordinate and participate to global initiatives as well as cross-risk projects
• Support achievement of the HSBC vision, Values, goals and culture in personal behaviour, actions and decision making
• Take personal responsibility for understanding and agreeing performance expectations, completing the necessary mandatory training and developing the levels of capability and competence needed to be effective in the role
• Work collaboratively across a range of teams fostering positive working behaviours
• Contribute to the team’s high engagement and motivation levels
• Ability to work and co-ordinate with remote sites
• Project Management

• Identification of gaps in risk modelling approaches and implementation to mitigate
• Ensure effective on-going validation
• Work with related projects for development of efficient implementation solutions
• Share best practice learning with wider team and seek continuous improvement opportunities
• Maintain cost discipline, rationalise and consolidate expense
• Be aware of changes to business practices and products to ensure that compliance procedures and controls are adequate to cover them
• Monitor and check for adherence to compliance procedures and controls

Local Job Requirements

This could include; Job Dimensions, Job Context & Major Challenges:

• Work with global/ regional teams across business lines and countries
• Support decisions with sound reasoning and rationale and data analysis
• Keeping abreast of all regulatory developments together with changes to Group Standards in order to ensure appropriateness of advice
• Be able to learn new skills and build knowledge quickly
• Translate complex ideas into easily understandable solutions and documentation
• Work independently and with remote teams
• Think and act in a joined up manor and sharing best practise across the group whilst applying technical knowledge, often within tight timeframes
• The value of this role should be measured by the impact the team is expected to deliver in a continuously changing environment.

Qualifications

 Employment eligibility to work with HSBC in the U.S. is required as the company will not pursue visa sponsorship for these positions.

• Good understanding of the business activities for a large global banking group with diverse operations from retail banking, wealth management, commercial banking, global banking, investments, transaction services, asset management, private banking and insurance.
• Familiarity with credit risk modeling and stress testing.
• Proven ability to clearly articulate business and regulatory implications of analysis and findings to Senior Management team
• Proficiency in programming (Python, SQL, R, or Java, C++)
• Web application development experience
• Detail-orientated, strong interpersonal and organizational skills
• Minimum of 5 years proven and progressive experience in financial services data analysis and credit risk model development and implementation         
• Minimum of a Bachelor's degree in a numerate, computer science, or related field/ equivalent experience 
• Understanding of advanced statistical methods/functions, data infrastructure and system, ETL, and cloud technology.
• Takes pride in working to a high standard, and thrives within a changing environment, showing initiative and drive
• Understanding business requirements and ability to convert these into positive systems changes
• Strong communication and presentation skills (both verbal and written) and ability to convey information in a way that is clear, succinct, and easily understood by non-analysts and senior executives
• Excellent analytical skills with good eye for detail and ability to draw and support conclusions or anticipate outcomes from data trends or system documentation
• Be able to generate and maintain positive relationships within the team and across the business

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran. 

If you would like to notify the Diversity Recruitment team of your application or if you are simply interested in learning about opportunities at HSBC, please email [email protected]