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Modelling Financial Control Manager

Expired Job

Hsbc New York , NY 10007

Posted 2 months ago

Design, implement and develop regulatory Pre-provision net revenue (PPNR) stress testing models. The models are used for CCAR/DFAST stress testing purposes for HSBC in accordance with the internal & external/regulatory guidelines.

Maintain sufficient independence from the development, implementation and management of the risk and capital tools/ systems so as to remain unbiased and independent as defined and required by the regulations. Lead the development and delivery of financial models to support the CCAR, DFAST, and PRA stress testing processes. Work closely with the HSBC global lines of business to develop required models.

Review methodology and framework of HNAH PPNR estimation process for appropriateness and conceptual soundness. Review the appropriateness and relevance of the assumptions used to support the framework. Design and execute a comprehensive and granular program of backtesting and benchmarking to support the validation of models.

Utilize industry best practices, advanced modeling techniques, supplemented by expert judgment and qualitative evaluation, to drive a program of development and validation that meets the requirements and framework as defined by local and Group policy. Oversee teams and provide strong technical input in developing detailed and complex models, as an internally recognised financial and regulatory modelling expert. Oversee teams responsible for the development and the implementation of models to determine HSBC's position within financial and regulatory parameters (e.g. capital forecasting, asset and liability management). Supervise and provide technical support to stress testing and scenario analysis, to demonstrate HSBC's financial resilience under changing market conditions, to business management and the regulators.

Provide technical input into the design and implementation of models to ensure compliance with financial and regulatory rules. Develop reputation as a Finance expert across HSBC in financial and regulatory modelling, including scenario analysis and stress testing. Keep updated with industry best practices and changing regulatory environment. Promote an environment that supports diversity and reflects the HSBC brand.

Bachelor's degree in Financial Engineering, Business, Mathematics, Statistics or similar quantitative field plus five (5) years of experience in job or related field. Experience to include a minimum of five years of proven and progressive credit and financial services experience or equivalent, including experience in model risk, financial modeling, revenue and balance modeling.

Knowledge of regulatory framework and process as well as experience working with regulatory publication on model risk, including SR 11-7, SR 15-18, SR 15-19. Strong communications, analytical, decision-making, lateral thinking and interpersonal skills required. Employer will accept a Master's degree in a related field as the equivalent of two (2) of experience EMPLOYER WILL ACCEPT ANY SUITABLE COMBINATION OF EDUCATION, TRAINING OR EXPERIENCE.



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Modelling Financial Control Manager

Expired Job

Hsbc