Manager - Business Analytics & Impairment - IFRS 9 Financial Instruments

IFRS 9 Financial Instruments is the most significant risk and accounting change since the initial adoption of IFRS, and one of the most significant changes in credit risk measurement since Basel II.

IFRS 9 is a HSBC Group flagship initiative, with strong visibility at Board level and offers an excellent opportunity for individual development and career progression. It involves facing off to numerous areas of the bank and working together to produce Impairment provisions which ultimately get reported into the financial statements.

The role will be part of the newly created Wholesale Impairments Analytics Team (W-IAC) located in Bangalore which supports the aggregation, review and deep dive analysis of Impairment risk numbers. The team will also assist in strategic decision making.

Tasks include but are not limited to:

- Working with Group Risk Analytics teams to understand credit risk methodology's relating to IFRS 9

- Coordinating activities with Stress Testing, Sovereign Risk & Forward Economic Guidance Teams

- Being able to manage all levels of stakeholders

- Close collaboration with other global team will be essential to be successful in the role.

- Being the main point of contact in Wholesale Credit Risk (WCR) for IFRS 9 questions coming from local regions, other HGHQ teams and regulators

To be successful in the team, you should meet the following requirements:

- Have an understanding of risk analytics and credit risk modelling

- Programming experience (SAS, SQL)

- Comfortable to perform data mining activities (for ECL driver analysis)

- IFRS 9 and Regulatory reporting experience

- IFRS 9 subject-matter and technical skills, with ability to:

i. to manipulate large data sets on analytics platforms like SAS,

ii. build tactical VBA or spreadsheet-based tools for analysis and

iii. present to senior stakeholdersStrong IFRS 9 subject-matter, business knowledge and technology sense Strong written / verbal communication skills

- Review Group/regional/business demands for methodology/policy changes and assess impacts

- Provide business performance benchmark reports

- Review credit mitigation measures applied to reduce ECL

Principal Accountabilities: Key activities and decision making areas Typical Targets and Measures

Impact on the Business [COMPLETE 3-4 AREAS]

- Be part of a team to ensure an effective working relationships with related functions of the Bank (Forward Economic Guidance,Stress Testing etc)

- Supporting the team lead and facing off to senior management to ensure all queries are resolved in a timely manner

- Managing multiple streams of work and act as expert on the teams deliverables

- Manage any conflicts with internal and external stakeholders - Implement new regulatory requests

- Meet internal target dates to close requests from stakeholders and regulators

- Deliver enhanced global reports and analysis

- Efficient management of responses to regulatory queries

- Delivery of completed regulatory data templates

- Delivery of complete documentation

Customers / Stakeholders [COMPLETE 3-4 AREAS]

- Wholesale Credit Risk Management

- Group Risk Analytics

- WMR Stress Testing Teams

- GB&M Finance, Regulatory Finance

- Sovereign Risk and Forward Economic Guidance Teams

- Global Business finance teams

- Build solid relationships with stakeholders through meeting behavioral best practices

- Proactive engagement through open dialogue and transparency on processes and controls

- Address key topics as and when they arise

Leadership & Teamwork [COMPLETE 3-4 AREAS]

- Deliver requirements against the objectives of Wholesale Credit Risk and understand the broader world of Capital

- Act as a role model to achieve high standards and lead, develop, motivate and inspire high performance in others

- Mentor and develop the team in their professional skills and development

- Feedback from team members and peers

- Be perceived as a trusted advisor

Operational Effectiveness & Control [COMPLETE 3-4 AREAS]

- Help drive changes of IFRS 9 approaches, and lead the implementation of innovative solutions.

- Actively monitor regional practices and guide delivery to ensure that they are in line with Group policies. Ensure that Group Audit reviews of systems and practices related to stress testing and risk measurement proceed smoothly.

- Review and follow up handover protocols with offshore

- Managed growth with offshore resources capacity

- Identify task which can be offshored or not