Stress Testing Manager

Job ID: 0000K1VK

Location: London, United Kingdom

Area of interest: Risk and Compliance

Job type: Permanent - Full Time

Work style: Hybrid Working

Opening date: 26-Apr-2024

Closing date: 01-May-2024

Job description

Some careers shine brighter than others.

If you're looking for a career that will help you stand out, join HSBC and fulfil your potential. 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.

Our Risk and Compliance function has a critical role to play in supporting, challenging and advising across all areas of the business through establishing policy, monitoring profiles, and identifying and managing forward-looking risk and compliance. We focus on creating an environment that encourages our people to speak up and do the right thing, as well as protecting our customers, the organisation and the integrity of the financial markets in which we operate. Already an industry-leader in many respects, we want to continue setting standards and evolving to respond to strategic changes.

The Traded Risk function monitors, evaluates and manages market and counterparty risks impacting across the HSBC Group. The function is responsible for establishing the global risk management framework for Traded Risk and plays a key role in ensuring that the Bank is compliant with current and future regulatory requirements relating to Traded Risks and their capitalisation.

We are currently seeking a high calibre individual to join the team in the role of Stress Testing Manager

This role sits under the Traded and Treasury Risk function and is part of the Global Risk Organisation.

The Stress Testing Manager is part of the Subject Matter Experts (SMEs) in charge of key regulatory and risk management stress testing deliverables. The focus of the role is on cross asset stress testing, responsible of Stress Testing for XVA, Structured Finance and capital (Market Risk, CRR, CVA including transition to Basel 3.1), as well as scenario design and development.

The primary purpose will be methodological design of the stress testing for the different use cases (BAU risk management, regulatory exercises, climate risk), and provide analysis and insight on results to assist risks management discussions.

This is a highly interesting, topical, and dynamic business area where no two days are the same.

In this role, you will:

• Lead the analysis of stress testing impacts for BAU risk management purposes, including liaison with control teams, desk risk managers, finance and other senior stakeholders

• Act as the SME in the design of stress testing methodologies for CVA, FFVA and DVA whilst interpreting and leading the implementation of regulatory requirements for the stress testing of XVA or acting as SME in the design of stress testing methodologies for securitised positions, including both P&L elements as well as RWA requirements.

• Carry out regulatory exercises and manage the transition and methodological improvements required as part of the adoption of Basel 3.1.

• Act as the main contact for capital stress testing topics, managing the relationships with teams in risk, finance and the business.

• Be involved in project work relating to new products/markets and provide analysis of impacts and drivers and assists in the identification of mitigating actions.

Requirements

To be successful in this role you should meet the following:

• Strong understanding and background in Market or Traded Credit Risk or proven stress testing experience is essential.

• Knowledge of financial products including derivatives, macro-economics, econometrics and financial markets is paramount.

• Ability to analyse effectively whilst also being confident to provide direction to peers and build relationships with stakeholder groups

• Some knowledge of regulatory stress testing requirements and regulatory authorities would be highly advantageous

• Excellent verbal and written communication skills with the ability to brief senior management on topics and summarise key information

The base location for this role is London

Opening up a world of opportunity

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. Our recruitment processes are accessible to everyone - no matter their gender, ethnicity, disability, religion, sexual orientation, or age.

We take pride in being part of the Disability Confident Scheme. This helps make sure you can be interviewed fairly if you have a disability, long term health condition, or are neurodiverse.

If you'd like to apply for one of our roles and need adjustments made, please get in touch with our Recruitment Helpdesk:

Email: hsbc.recruitment@hsbc.com

Telephone: +44 207 832 8500