Senior Manager Wholesale Impairment IFRS9 (9 Month Secondment)

HSBC; Greater London; Hybrid; GBP 80,000 - 100,000; Full time

Job summary

A leading financial institution is seeking an experienced Senior Manager Wholesale Impairment IFRS9 in London. This hybrid role involves analyzing ECL results and developing portfolio analytics solutions while engaging with senior stakeholders. Candidates should have strong expertise in credit risk models and communication skills. The position offers professional development opportunities and a commitment to diversity and inclusion.

Qualifications

• Strong knowledge of credit risk models (PD, LGD, EAD, Staging, ECL).
• Expertise in model development tools like SAS and Python.
• Strong problem-solving/analytical abilities.
• Experience in stakeholder engagement at a senior level.
• Exceptional verbal and written communication skills.

Responsibilities

• Review and analyze Group-level ECL results.
• Design portfolio analytics solutions in Python/SAS.
• Deliver prototypes to enhance simulation capabilities.
• Analyze trends in credit risk space.
• Oversee the IFRS9 control environment.

Skills

Credit risk models knowledge

Model development tools expertise

Problem-solving abilities

Stakeholder engagement experience

Communication skills

Tools

SAS

Python

Job description

Overview

If you’re looking to take an exciting new direction with your HSBC career, an internal move can open the door to many opportunities, allowing you to take on a new challenge, and develop your skills. Bring your knowledge of our brand to a new role and grow yourself further.

We are currently seeking an experienced professional to join our team in the role of Senior Manager Wholesale Impairment IFRS9 on a 9 Month Secondment.

The Group Wholesale Impairment & Stress Testing team, part of Wholesale Credit Risk Management function, is responsible for the measurement, management, calculation, controls and governance of IFRS9 Expected Credit Loss (ECL) reserves for the group-wide Wholesale portfolio (EAD >$1.6tn). We collaborate with Risk and Finance functions across all regions (80+ sites) and lead the review and challenge of Wholesale ECL impairments. The team has oversight of the 400+ Sox controls that are operated in the end-to-end IFRS9 process, working closely with internal and external stakeholders to continuously monitor, challenge and improve the control environment.

A move across the business allows you to continue to access tailored professional development opportunities, and our fantastic benefits packages.

Responsibilities

• Review, analyse and report the Group-level ECL results, by supporting to provide insightful trends, analytics and forecast for future periods.
• Define and design portfolio analytics solutions in python/SAS or other similar platforms to support management judgements.
• Responsible for the delivery of prototypes to enhance the current simulation capabilities to support macro risk related variables in ECL forecasting.
• Provide and support analysis of new and emerging trends in credit risk space like but not limited to Climate Risk impact, Geo-political risk and other broader macro events.
• Articulate trends in PDs, LGDs, EADs and ECLs in terms of modelling and non-modelling drivers of the Wholesale portfolio, and relate to macroeconomics, methodology, credit policy.
• Oversee and manage the IFRS9 control environment.

Qualifications

• Strong knowledge of credit risk models (PD, LGD, EAD, Staging and ECL)– both in terms of development/validation/monitoring practices and downstream usage of modelled outputs by business/finance/risk.
• Strong expertise in model development tools like SAS, python or similar capabilities.
• Strong problem-solving/analytical abilities, needs to be able to distil complex problems into manageable parts and plan work accordingly.
• Previous experience of Stakeholder engagement/management at a Senior level.
• Exceptional verbal and written communication skills, with the ability and confidence to present complex information to various Stakeholder’s.

This role is based in London, Hybrid.

To support you with putting your best foot forward for our internal opportunities, you are invited to take advantage of our CV and Interview workshops, hosted by our Talent Acquisition team. To find out more and register to attend please copy and paste this link into your browser - https://performancemanager.successfactors.eu/sf/learning?destUrl=https%3a%2f%2fhsbcbank%2eplateau%2ecom%2flearning%2fuser%2fdeeplink%5fredirect%2ejsp%3flinkId%3dITEM%5fDETAILS%26componentID%3dLDXX1066V%2d000%2dENGBR%26componentTypeID%3dVILT%26revisionDate%3d1692279360000%26targetStudentSysGUID%3d%26actingAs%3d%26fromSF%3dY&company=hsbcholdin">link

Being open to different points of view is important for our business and the communities we serve. At HSBC, we’re dedicated to creating diverse and inclusive workplaces - no matter their gender, ethnicity, disability, religion, sexual orientation, or age. We are committed to removing barriers and ensuring careers at HSBC are inclusive and accessible for everyone to be at their best. We take pride in being a Disability Confident Leader and will offer an interview to people with disabilities, long term conditions or neurodivergent candidates who meet the minimum criteria for the role.

If you have a need that requires accommodations or changes during the recruitment process, please get in touch with our Recruitment Helpdesk:

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