Role Purpose (overall high level summary of the role)
* The Wholesale Credit and Market Risk (WMR) department within HSBC Group Risk measures and monitors globally credit and market risks arising from lending and trading activities as well as credit approval for large corporate, financial institution and sovereign exposures.
* The Stress Testing team within WMR ensures that stress testing is implemented across the group in line with best practice for the purpose of (i) risk management, (ii) compliance with the Basel II/III regulatory framework and (iii) meeting enterprise-wide stress testing needs. One of the primary objectives of this team is to ensure that stress testing is executed consistently across market risk and counterparty risk. Contribution to wholesale credit risk is also expected. The scope of the team is both the trading and the banking books.
* Positions within the Stress Testing team focus on one risk type at a time with the intention to rotate on a regular basis. As such, the team remains a center of expertise for stress testing across the risks covered by WMR.
* The role requires the ownership and accountability on some of the key elements of the global stress testing framework. Those includes: (i) providing methodology guidance to the local sites with the support of the Group methodology team (RRA), (ii) consolidating results, (ii) delivering analysis to Senior Management and (iv) ensuring that stress testing is meeting the demand of the front office.
Knowledge & Experience / Qualifications
Technical, Educational, Personal Skill and General Experience
1 + years in Financial Services - focused on traded risk (market/counterparty - keywords All asset classes, VaR, Stress PnL, Sensitivities, CSA/ISDA, Risk Factor Expansion, EEPE, EPE, EE, xVA)
2 + years of experience from Big 4 consultancy (or similar) either in change or traded risk advisory
3 Business analyst experience from Financial services - focused on Risk process and technology change
4 Governance experience from arranging and leading change and execution workshops, preparing and managing governance meetings, tracking actions, issues and risks,
5 Skills in maintaining evidence for - and working with - Audit and or regulatory bodies
6 An understanding of - and experience from - working with short high impact regulatory deadlines
7 Skills in making 'to the point' MS PowerPoint presentations and Excel/Basic VBA
8 Communication skills in terms of working with stressed and time strapped stakeholders at all levels of seniority, from junior VP to senior MD
9 Self-starter, independent and able to work with limited steer whilst respectful to governance structures and set deadlines
10 Master of Science covering financial engineering and financial markets topics (or similar)
11 Should have Experience from
13 Working at or with HSBC - preferably focused on Traded Risk
14 Writing financial service policy and official documentation - preferably in risk
15 Writing policy documentation in financial services, preferably risk
16 Working in capital markets/trading as risk analyst/manager and or other traded risk stress test related environmentsShould also have
18 A passion for work-stream structuring, management, approval, issue resolution and risk management
19 GARP or PRMIA related insights or certification
20 Prince 2 / Agile related insights or certification