Manager - Time Series - Finance Operations

Manager Finance Operations

Global Service Delivery is a business-aligned, customer-servicing organisation with the primary objective of driving operational excellence across our businesses worldwide. Achieving this through the consolidation, simplification and continuous improvement of processes across the full range of HSBC operations, the division simultaneously takes responsibility for managing operational, location and processing risk and ensuring that services provided are at a best-in-class price point for the required quality level.

Principal Accountabilities:

- Supporting the Global Finance team in developing best in class financial analytics and deploying these practices across priority markets

- Responsible for developing financial models to provide actionable insight to drive and support business stakeholders.

Key Deliverables:

- Understand business and finance requirements and interpret data to provide meaningful analysis to facilitate business decision-making.

- Developing sophisticated and innovative analytics in the area of financial modelling and stress-testing:

- Support the evaluation of the reasonableness of the firm's efforts to translate broader economic stress scenarios into financial outcomes for its business lines/ portfolios. Develop infrastructure for stress testing.

- Design and validate ARIMA, ARIMAX, time series models.

- Develop expertise within the team on stress testing methodologies and techniques and bring recent advancements in the field to HSBC.

- Perform theoretical validation & conceptual soundness of time series model.

- Coordinate and compile stress test results and develop MI to communicate with wider audience

- Stress test economic factors and assess model impact from altered scenarios.

- Assess the impact of recommended scenarios on revenue and balance sheet items

- As part of CCAR requirements, assess the impact of external factors and on key revenue and balance sheet metrics for different businesses- global banking, commercial banking, retail banking and wealth management

- Champion - Challenge the modelling framework and continuously improve the model performance.

- Model for different scenarios requested by regulators and central team

- Develop and maintain early warning triggers reporting

- Research on various areas of improvement in model development techniques and alternate methodology.

- Act as a Subject Matter Expert (SME) for any asset or liability product or areas in financial modelling.

- Provide thought leadership and prepare ad-hoc requests quickly and independently but also be able to prioritise these requests.

Stakeholder Management:

- Maintain effective relationship with Business Partners and identify areas of service improvements by implementing regular calls and feedback mechanism.

- Liaise with Global Finance counterparts on analysis requirements and delivering the same within timelines.

- Understand business problem through discussions with various stakeholders and provide analytical solutions.

Influence and escalate key issues in an effective way to ensure timely resolution.

Leadership & Teamwork:

- Actively support in maintaining an environment within the team which fosters knowledge sharing and open forums.

- Assist in motivating and developing (and recognizing) team members in order to meet deliverables, manage staff expectations, achieve efficiency in operations and maintain work-life balance.

Operational Effectiveness & Control:

- Adherence to Group policies, audit, controls, and compliance requirements including but not limited to declaration of secrecy, data protection act, health, safety and security, clear desk policy.

- To continually assess the operational risks inherent in the processes, taking account of changing operating procedures, staff movements, legal and regulatory requirements, management restructures, and the impact of new technology.

- Effectively drive and manage change, plan business contingency and achieve cross-training.

Ensuring business continuity plan is documented, agreed with business partner and tested as per agreed timelines.

- Excellent numerical and analytic skills

- Good statistical modelling skills with experience

- Virtually leading and managing various kinds of analytics projects

Skills:

- Basic understanding of business and economic statistics and how they are used in risk management principles

- Proven quantitative skills at a sufficiently advanced level to enable gaining a working understanding of the various models used to assess individual and portfolio-level measures

- Experience in bank stress testing including loss and risk estimation techniques

- Ability to manage all aspects of systems projects, when necessary. This involves planning, execution and reporting across multiple platforms

- Manage multiple tasks concurrently in an efficient and effective manner with minimal supervision

- Detailed understanding of relational databases and high level of proficiency in data analysis of large data sets. Knowledge of SQL is preferred

- Familiarity with S-Plus and SAS is preferred

- Excellent communication and interpersonal skills to communicate with clients and management, both verbally and written.