Stress Testing Role - BFS

Role Purpose: (overall high level summary of the role)

The Traded Risk Team is one of the teams within Wholesale and Market Risk [WMR]. Group WMR reports directly to the Group CRO and is responsible for the approvals, policies, portfolio management and reporting on the Group's Wholesale and Market Risk exposures. Group WMR also works with Regional WMR functions across Global Risk to ensure functional consistency and delivery across all group offices.

The Traded Risk Offshore Team is currently based out of GSC Bangalore and Manila providing support to a number of Risk functions/teams across the Group. The teams are responsible for Credit Risk Control, Market Risk Control, Market Data management for Scenario and Stress Calibration, etc., and support HBUS, HBEU, HBAP, HBFR and HGHQ (Group Risk). Activities undertaken include :

- Management and monitoring of stress testing scenarios for Market risk and Counterparty credit risk.

- Evaluating risk factors with a view of global economic perspective.

- Support to Regulatory stress testing teams to update systems, EUCs and delivery change as per the requirements.

- Very good knowledge and working experience of analysing financial risk products and their movements.

- Analysis and reporting of market risk calculations to traders, risk managers, senior management and regulators

- Management of market data and generation of risk model parameters such as VaR, PFE, EEPE

- Analysis and rating of country risk where has any exposure

- Review, validation and improvement of risk calculation and management models

- Take initiatives to develop innovative solutions in order to address ad-hoc requests from senior management on stress scenario results. Lead the development of ad-hoc tools and prototypes;

- Collation of Risk related MI and preparation of Stress Testing and Reverse stress testing governance committee packs

- Work with global business and regional businesses to improve existing models, write requirements for new models and conduct UAT to ensure that implementations meet regulatory and business requirements;

The purpose of the role is to provide a technical and expert knowledge/skills to the stress testing teams across sites and ensures the integrity of different risk systems with the objective of assuring the completeness and correctness of the reported stress testing risk numbers. The job demands a good interpersonal skill and ability to work cross culturally with a team, whose work is highly time-critical.

- The team is responsible for stress testing activities for both on-going risk management and Enterprise-Wide stress testing. Due to increasing regulatory requests, the role will manage the transition of Enterprise Wide Stress Testing from an ad-hoc activity into a regular function.

- The successful candidate will work closely with the Global Lead of WMR Stress Testing and the Traded Risk Control teams in a global platform.

- The role involves engaging and reporting to onshore sites.

- This role sits in (i) Wholesale Credit and Market Risk (Group), (ii) Traded Risk team, (iii) Stress Testing team.

- This role sits at group level and covers a large scope of risks, stakeholders and geographies. This is why the ability to prioritise tasks efficiently is a key skill.

- This position acts as subject matter expert on Stress Testing and must meet expectations of high standards for delivery to senior management and regulators.

- Management and monitoring of stress testing scenarios for Market risk and Counterparty credit risk.

- Evaluating risk factors with a view of global economic perspective.

- Support to Regulatory stress testing teams to update systems, EUCs and delivery change as per the requirements.

- Very good knowledge and working experience of analysing financial risk products and their movements.

- Analysis and reporting of market risk calculations to traders, risk managers, senior management and regulators

- Management of market data and generation of risk model parameters such as VaR, PFE, EEPE

- Analysis and rating of country risk where has any exposure

- Review, validation and improvement of risk calculation and management models

- Take initiatives to develop innovative solutions in order to address ad-hoc requests from senior management on stress scenario results. Lead the development of ad-hoc tools and prototypes;

- Collation of Risk related MI and preparation of Stress Testing and Reverse stress testing governance committee packs

- Work with global business and regional businesses to improve existing models, write requirements for new models and conduct UAT to ensure that implementations meet regulatory and business requirements;

Observation of Internal Controls(Compliance Policy / FIM requirements)

- Maintains internal control standards and addresses audit points and/or any issues raised by regulators in a timely manner.

- Maintains internal control standards and addresses audit points and/or any issues raised by regulators in a timely manner. Fosters a compliance culture within the team, managing compliance risk and ensuring that the necessary training is completed. Optimizes relations with regulators.

Role Dimensions:

Knowledge & Experience / Qualifications (For the role - not the role holder. Minimum requirements of the role.)

- Pro-activeand Self starter

- Good communication skills

- Proficient in VBA-Excel

- Good knowledge of financial markets

- Strong understanding of market risk and counterparty risk concepts

- Experience in risk reporting

- Previous stress testing experience (preferable)

- 5 - 7 years- experience in financial services

- Masters in Finance/Econometrics/Quants

- PRM/FRM will be preferred