Capital, Recovery

2 months ago

Hong Kong, Hong Kong SAR China HSBC Full time
Job description

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. Whether you want a career that could take you to the top, or simply take you in an exciting new direction, HSBC offers opportunities, support and rewards that will take you further.

Global Risk is a thriving and expert risk management function supporting HSBC globally with all aspects of risk management. The team actively manages a varied and dynamic range of risk types, including security, fraud, information security, contingency, geopolitical, operational, credit, pension, insurance, market and reputation risks. All parts of the Global Risk team use their skills, insight and integrity to handle established threats and those they see emerging, acting to protect and enable HSBC to deliver sustainable growth.

We are currently seeking a high calibre professional to join our team as a Capital, Recovery & Resolution Planning and Finance Risk Manager.

Principal Responsibilities

Role Purpose

Treasury Risk is the risk of having insufficient capital, liquidity or funding resources to meet financial obligations and satisfy regulatory requirements, including the risk of adverse impact on earnings or capital due to structural foreign exchange exposures and changes in market interest rates, together with pension and insurance risk.

HSBC uses stress testing as a forward-looking risk management tool for the identification, assessment, management and reporting of risks and manages this process in accordance with its 3LOD model. The role purpose is to implement and embed HSBC’s Global Stress Testing Framework (STF) and Second Line of Defence (2LoD) Stress Testing Review and Challenge Target Operating Model (hereafter referred to as ‘2LoD ST R&C TOM’) across Asia-Pacific. Role holder will work with various first and second line teams to deliver risk oversight of various regulatory and internal stress tests.

In this role, you will:
  • Provide oversight of the end-to-end stress testing process and coordinate 2LoD stress testing activity, including authoring the Risk Opinion for each exercise with input from other 2LoD teams
  • Provide the Global Stress Testing and Recovery & Resolution Planning Office with regional input and feedback to continuously improve the STF and the supporting 2LoD ST R&C TOM
  • Advise and provide guidance to Risk Owners, Control Owners and Risk Stewards as to their roles and responsibilities under the STF and 2LoD ST R&C TOM
  • Review and challenge the stress testing core processes that are within Treasury Risk Management’s remit – including (but not limited to) capital impact analysis under stress and the appropriateness of Strategic Management Actions
  • Across the spectrum of different stress tests (e.g. internal, regulatory, sector/theme-specific, Recovery Planning, Reverse Stress Test etc.), coordinate and collate the review and challenge conclusions from other Risk Stewards in order to assess whether Top and/or Emerging Risks for other risks in HSBC’s taxonomy have been appropriately reflected in the scenario(s) and to assess the reasonableness of the stressed capital projections for a given scenario
  • Present stress testing results and conclusions to Regional and Country Chief Risk Officers and Global and Regional Treasury Risk Stewards
  • Utilize the conclusions from the suite of stress tests to proactive manage HSBC’s Capital Risk
  • Where applicable, ensure the continuity of key bank vulnerabilities across the various spectrums of stress tests
  • Ensure that stress testing limitations are being identified, monitored, managed, and remediated
  • Ensure that HSBC is meeting the minimum regulatory requirements as it pertains to stress testing
  • Scope, coordinate and support 2LoD assurance of stress testing controls
  • Shape, review and challenge Risk & Control Assessments related to stress testing
  • Support internal and external audits of the STF
Requirements
  • The applicant must possess extensive Capital Risk knowledge and experience working in HSBC or a comparably large bank or financial institution. Candidates that have fundamental knowledge of Structural FX Risk, Liquidity Risk and/or IRRBB and understand the interplay between the various Treasury disciplines will be preferred
  • Fundamental knowledge of the key drivers of Credit Risk, Market Risk and Operational Risk RWAs under stress
  • Fundamental knowledge of Recovery & Resolution Planning
  • Firsthand experience working on enterprise wide and/or regulatory driven stress tests
  • Skilled in project management – in particular: stakeholder management, time management, multitasking and prioritization
  • Relevant 2LoD and/or internal/external audit experience with the ability to provide effective review and challenge in a professional and constructive manner
  • Thorough understanding of HSBC’s activities, products, processes and systems (or those of a comparably large bank or financial institution)
  • Excellent business writing, communication, presentation, interpersonal and influencing skills, including the capacity to articulate the case for risk management in the language of business – ability to articulate complex concepts in a simple, succinct and impactful way to senior management
  • Ability to work autonomously in a fast-paced, dynamic environment; must be a creative problem solver
  • Strong interpersonal and negotiation skills, with experience in a complex global environment
  • Tertiary degree in a relevant field, such as finance, economics, risk management, or a related quantitative discipline, is highly desirable
  • Professional certifications (e.g. FRM, CFA, PRM) are advantageous
  • Whilst not essential, firsthand experience with data manipulation software languages (SQL and etc.) and analytical software languages (Python, R, SAS, MATLAB and etc.) and data visualization tools (Qlik sense, Tableau and etc.) will be looked upon favorably
You’ll achieve more when you join HSBC.
http://www.hsbc.com/careers

HSBC is 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. Personal data held by the Bank relating to employment applications will be used in accordance with our Privacy Statement, which is available on our website.

Issued by The Hongkong and Shanghai Banking Corporation Limited.

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