AVP - WCR Impairment and Stress Testing

Job title: AVP - WCR Impairment and Stress TestingPurpose of the role: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.  In this role, you will:Review, analyse and report the Group-level ECL results, by supporting to provide insightful trends, analytics and forecast for future periods. Define and design portfolio analytics solutions in python/SAS or other similar platforms to support management judgements.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.Manager delivery of prototypes to enhance the current simulation capabilities to support macro risk related variables in ECL forecasting.Support model change review by performing ECL sensitivity and impact analysis using sandbox and other analytics tools. Support development of new tools like python to enhance the functionality of the Sandbox.Provide and support analysis of new and emerging trends in credit risk space like but not limited to Climate Risk impact, Geo-political risk and other broader macro events;Ability to build ad-hoc analytical tasks with ease (e.g. ECL impact estimates or management overlays for tackling model limitations etc.). Demonstrate clear communication on model changes and impacts both written and verbally to stakeholders Lead review and challenge model outcome and results including supporting key issues and enhancements.Ability to engage with senior stakeholders from Finance, GRA, Risk and other functionsManage end to delivery of tool/s enhancements to support business analysis and simulations of ECL, Loan Impairment Charge, RWAs and related metrics. Major Challenges (The challenges inherent in the role that require a continual test of the role holder's abilities)Operate in a fast-changing and often volatile operating environment requiring quality decision making with often incomplete information.Manage self  in a positive, engaging, thoughtful and constructive manner, from a role which often has a material influence on outcomes. Maintaining well-regarded, thoughtful communications with principal stakeholders. Lead various developments in stress testing tools, management and calculation of ECLs under IFRS9 in the absence of readily available IT solutions. To be successful you will:Knoweldge & Experience 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.Good understanding of Impairment/RWA 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.Strong expertise in model development tools like SAS, python or similar capabilities.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.Competencies Proven ability to build strong relationships, negotiate and influence especially at higher levels of management but across the matrix Knowledge of data analytics tools (SAS and/or SQL and/or Python and/or R etc.) Strong Excel skills Business knowledge of credit risk/impairments/stress testing will be preferred Analytical thinking (ability to draw conclusions / critical insights from data) Able to deal with and present views to senior management clearly and succinctly. Sound analytical skills and attention to detail. Competency in analysing and interpreting large datasets. 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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