Stress Testing Analysis & Model Risk Manager - HSBC

  • Negotiable
  • London, England, Großbritannien
  • Befristet, Vollzeit
  • HSBC Bank plc
  • 08 Nov 17 2017-11-08

Stress Testing Analysis & Model Risk Manager - HSBC This is an initial 6 month contract based in London

Stress Testing Analysis & Model Risk Manager - HSBC

This is an initial 6 month contract based in London

Stress testing is a vital component in assessing the bank's vulnerabilities, determining capital adequacy and thereby the resilience of the bank through improved risk and capital management. As such, the role holder will operate within one of the most complex Finance and Risk management processes within the bank, with results driving capital requirements and the potential to affect our reputation, curtail dividends and remuneration. As a result, stress testing is a strategic and regulatory priority with ever increasing expectations.

Role Summary

The key responsibilities for this role include:

  • Develop stress testing model standards and assess adherence to these standards.
  • Formulate stress testing model risk appetite and conduct assessment of model risk for the suite of stress testing models against the risk appetite. Identify key areas and priorities for model development.
  • Engagement with Independent Model Review and Model Owners on stress testing model risk appetite, model governance and central stress testing tools.
  • Challenge models to ensure consistency across regions and functions and to ensure adherence to industry and regulatory expectations.
  • Provide guidance to functions on the conceptual design of model approaches and assist model owners when required for key priorities for model development
  • Challenge regionally and globally developed models to ensure global consistency and adherence to industry and regulatory expectations.
  • Perform quantitative aspects of stress tests such as the Internal Stress Test, Reverse Stress Test, Recovery Plan Stress Test and ad hoc stress testing exercises.
  • Design and produce prototypes for top down stress testing models for the offshore team to turn into well-developed tools.
  • Undertake quantitative analysis in support of stress testing. This may include review and challenge, benchmarking, leveraging of stress testing results such as performance analysis
  • Develop approach for stress testing under IFRS9 (in conjunction with other functions) and act as the GST IFRS9 subject matter expert.

Knowledge & Experience / Qualifications

  • Strong experience of quantitative modelling and analysis in the global banking and finance environment
  • Subject matter expert of stress testing and the dynamics of bank capital
  • Post-graduate qualification in a numerate discipline
  • Good understanding of the business of a bank and use of models in a banking environment
  • Stakeholder management skills and experience including cross-functional leadership
  • High level understanding of regulatory capital models such as IRB and Traded Risk models
  • Excellent communication and interpersonal skills, particularly in presenting technical material to a well-informed but non-technical audience
  • Integrity and ability to challenge when appropriate
  • Experience at presenting to senior management and external stakeholders with confidence and credibility
  • Proven ability to work well in a team, be cooperative and open, and embrace diversity
  • Demonstrated ability to influence senior stakeholders

Please submit your CV in the first instance