Manager - Wholesale Credit Risk

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 organizations in the world, with operations in 62 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 realize their ambitions. 

We are currently seeking an experienced professional to join our team in the role of Manager – Wholesale Credit Risk

Principal Responsibilities

• This role is expected to work with regions towards regulatory credit risk model development, incorporating economic capital as an integral measure in risk appetite and business decision making (planned).
• Key responsibility is to work with stake holders and business partners across Regions and Group to work on enhancement and development of Wholesale Probability of Default (PD), Exposure at Default (EAD) and Loss Given Default (LGD) sitting in the Analytics team.
• Expectation is to demonstrate an expertise in highly technical areas (e.g., statistical regression analysis, statistical model builds of Probability of Default (PD), Exposure At Default (EAD) and Loss Given Default (LGD) models), as well as a deep understanding of the Wholesale business environment and its associated credit products. This includes being able to communicate effectively with all of HSBC’s business regions and HSBC Group teams to coordinate model developments and ensure global standards, as well as local regulatory requirements, are adhered to. Independently lead and drive the projects working closely with second and third line of defense. Leading and driving Expert Panel meetings independently.
• Knowledge and understanding of wholesale portfolio risk drivers, their use and impact on capital requirements; knowledge of regulatory capital and its components.
• The role requires significant contribution in building a regulatory risk model development which is used in Risk-Weighted Assets (RWA) and Capital reporting.
• Build a good relationship with the business, probing and understanding their needs and identify areas of improvement to enhance current information infrastructure/data for model risk management.
• Sharing best practice across the risk community to build the capability of staff and the effectiveness of risk functions.
• Strengthen risk management by producing high quality credit risk model development methodology, analysis, and reporting. Capable of informing and driving business decision making.
• Liaising with colleagues to analyze and interpret crystallized or emerging risk events, establishing underlying root causes and effective future mitigation.
• Fostering a risk aware culture by the routine embedding of risk considerations into all analysis and reporting.