Manager – IFRS 9 Impairment Production

2 months ago


Chennai, India HSBC Full time

Some careers have more impact than others.

If you’re looking for a career where you can make a real impression, join HSBC and discover how valued you’ll be.

HSBC is one of the largest banking and financial services organisations in the world, with operations in 64 countries and territories. We aim to be where the growth is, enabling businesses to thrive and economies to prosper, and, ultimately, helping people to fulfil their hopes and realise their ambitions.

We are currently seeking an experienced professional to join our team in the role of  Manager – IFRS 9 Impairment Production & Analysis Centre.

Principal responsibilities

Execute the ECL process as per the runbook including data validation, ECL calculation, adjustments, analysis and reporting Establish and maintain robust governance around data, controls and systems including adherence to FIM and other guidelines. Monitor and maintain enhanced documentation as per SOX requirements Effective Risk management through timely identification, tracking, reporting and resolution of risks and issues Deliver efficiency benefits through continuous improvement Be the SME on impairments and provide support in analysing and assessing regularorty & accounting policy,data, process and system changes and lead the implementation Provide insightful trends, analytics and forecasts and own the impairment (charges and allowances) book of work Support the vertical priorities including ViR, Data FIM, FotC etc. Support the implementation of Org priorities including Forebearance, CWG, DECL III, IFRS 9 leg of upstream changes like FoTC, SDI etc. covering requirement validation, UAT, Parallel runs, etc. Support the automation of all manual reports, in agreement with the stakeholders Contribute and develop future skills including Python, data analytics to meet the future goals of the organisation Work as one team to deliver on the team’s objectives Support colleagues across teams and functions, sharing ideas, knowledge and supporting initiatives Understanding complex data flows, risk models & methodologies and regulatory and accounting requirements in a constantly changing environment Collaborating and communicating with senior stakeholders, peers and teams across time-zones Deliver BAU and other initiatives within challenging timelines in an ambiguous environment and through multiple iterations Understanding regulatory changes, absorbing concepts, defining the approach and developing solutions independently The volatile external environment requires frequent changes, manual interventions and multiple iterations. The role holder is required to navigate through a constantly changing environment and deliver the ECL results within challenging timelines The jobholder is expected to be a self-starter and able to adapt to changing demands of the role The process involves engaging with diverse stakeholders. The jobholder would be expected to have good communication skills and an attitude to collaborate with multiple teams The jobholder is required to have a good understanding of HSBC risk framework and guidelines. The jobholder should continually re-assess the operational risks in line with the defined framework, taking account of changing global economic or market conditions, legal and regulatory requirements, operating procedures and practices, management restructurings, and the impact of new processes. The jobholder will adopt the Group Compliance Policy by escalating any identified compliance risk in liaison with, Global Compliance Officer, Area Compliance Officer or Local Compliance Officer. The term ‘compliance’ embraces all relevant financial services laws, rules and codes with which the business has to comply. Requirements Qualified Accountant (CA, CWA, CIMA) / MBA / FRM / Graduate in Statistics / Accounting with 6-9 years of experience in the financial services domain Understanding of the risk and regulatory requirements and credit risk calculations; ability to articulate trends in PDs, LGDs, EADs and ECLs in terms of modelling and non-modelling drivers of the Retail/Wholesale portfolio, and relate to macroeconomics, methodology, credit policy. Good data mining and analytical skills, including hands-on experience in managing large volumes of data with a proven ability to interpret and comment on data movements; Advanced technical skills (SAS, Python or other similar systems) including experience in business intelligence tools would be an advantage.

  • chennai, India HSBC Full time

    Some careers have more impact than others. If you’re looking for a career where you can make a real impression, join HSBC and discover how valued you’ll be. HSBC is one of the largest banking and financial services organisations in the world, with operations in 64 countries and territories. We aim to be where the growth is, enabling businesses...


  • Chennai, India HSBC Full time

    Some careers have more impact than others. If you’re looking for a career where you can make a real impression, join HSBC and discover how valued you’ll be. HSBC is one of the largest banking and financial services organisations in the world, with operations in 64 countries and territories. We aim to be where the growth is, enabling businesses to...


  • chennai, India HSBC Full time

    Some careers have more impact than others. If you’re looking for a career where you can make a real impression, join HSBC and discover how valued you’ll be. HSBC is one of the largest banking and financial services organisations in the world, with operations in 64 countries and territories. We aim to be where the growth is, enabling businesses...


  • Chennai, India HSBC Full time

    Some careers have more impact than others. If you’re looking for a career where you can make a real impression, join HSBC and discover how valued you’ll be. HSBC is one of the largest banking and financial services organisations in the world, with operations in 64 countries and territories. We aim to be where the growth is, enabling businesses to...


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