AVP - Stress Testing - BFSI

Role Purpose

- Provisioning based on IFRS9 based accounting principles is one of the key functional areas within Retail Risk Management which directly impacts the bank's P&L. This function owns the assessment of provision requirement and estimation of future loss the HSBC group across multiple retail products (secure and unsecure).

- This role applies to the Business Decision Science job family and would encompass execution of the IFRS9 models, reconciliation and validation of IFRS9 model based provision numbers

- The role requires the incumbent to run the process with high efficiency and quality with strong adherence to governance, to produce accurate and timely forecast and be able to manage the deviation within acceptable range. This role also requires the incumbent to manage various ad-hoc analyses to understand portfolio performance and assess additional provision requirement.

Education / Relevant Experience / Other Qualifications

- Bachelor's degree in mathematics/ statistics/ economics or equivalent; Masters degree is preferred

- At least 7.5 years of relevant Analytics experience. Experience in Credit Risk Strategy Development, Loss Forecasting/Reserving, IFRS9 etc will be added advantage

- Excellent communication skills with technical (the team) and non-technical (senior entity management in region) counterparts; being able to "translate" between the two worlds is the major thing in the day to day work.

- Strong analytical skills with an ability to grasp new concepts quickly.

- Good organizational, analytical, problem-solving and verbal and written communication skills.

- Prior experience in managing risk activities in retail lending is essential.

- Prior experience in managing Retail portfolios such as Mortgage, Cards, Loans and Overdrafts.

- Knowledge of Loss Forecasting techniques & prior experience with Provisioning process