VP, TnO Analytics, GRA

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 VP, TnO Analytics, GRA.

Principal responsibilities

Impact on the Business/Function

• Appropriately calibrated and applied traded credit models helps ensure that risk is more accurately quantified, allocated and managed. This in turn leads to more appropriate risk-return analysis for the business.
• Regulatory approval for effective traded credit models aligns risk measurement and capital. This is optimal and removes arbitrage.
• Understanding of regulatory requirements means the business is forewarned of changes in the regulation and can prepare accordingly.
• Effective communication with the GRA team at both Regional and Group levels ensures there is a strong common understanding of the models and that best practices are being applied.
• Providing bespoke analysis for new business helps ensure that the business can make appropriate risk/capital assessments.

Major Challenges

• The development of new models to a tight timeframe with a potentially changing set of regulatory requirements.
• Understand traded credit risk and quantify risks using advanced mathematical technics (Stochastic calculus) and programming languages (C++, Python, Java).
• Forming a good understanding of the credit risk exposure taken within HSBC in order to guide the development of new or enhanced risk methodologies.
• Being able to clearly explain model details to other areas of the bank in non-technical language, and assisting in the on-going usage of these models in a day-to-day risk management setting, e.g. helping to explain significant model value changes.
• Developing a clear understanding of regulatory expectations and requirements which can then be communicated internally and externally.
• Being able to lead and manage a project involving different stakeholders across several geographies.

Requirements

Typical Targets and Measures

• Understanding of mathematical concepts behind models already implemented.
• Ability to navigate through the existing analytical modules of the CCR&XVA Library.
• Ability to propose mathematically sound alternative to address methodology deficiencies.
• Ability to modify existing library component to resolve issues.
• Ability to adopt Test Driven approach in methodology construction and while developing in the library.
• Ability to run batches and test suites.
• Ability to document and to use communication tools at disposition to convey the right message to stakeholders.
• Appetite to learn and enthusiasm in performing daily task including the less glamorous ones.
• Must be able to work autonomously and be able to meet tight deadlines.
• Must be able to manage ambiguous requirements and make effective decisions in this context.
• The nature of the role requires close working contact with personnel across many different areas of business and risk, in all regions of the Group.

Candidate with less relevant experience or skills may be offered a lower Global Career Band than stated above.

Due to the urgent hiring need, candidates with immediate right to work locally and no relocation need will be prioritised.

You’ll achieve more when you join HSBC.

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