Manager/Lead Manager - Economic Capital Model Validation

Role Purpose

The role will be pivotal towards driving a consistent approach towards measuring economic capital for the Group. Based out of a central hub in GAC, there are significant opportunities in driving the standardization of data, metrics and methodology for Economic Capital Model Validation process.

Principal Accountabilities: Key activities and decision making areas

- This role is expected to work with regions towards incorporating economic capital as an integral measure in risk appetite and business decision making (planned).

- Key responsibility is to work with stake holders and business partners in Group, North America, Europe, Asia Pacific and Middle East and has responsibility for project planning, project management, execution, testing & delivery of the quarterly credit risk economic capital production cycle, the final output of which is reported to the group and regional regulators (PRA, HKMA etc.) via the ICAAP and to the senior management via the group and regional stress testing and economic capital committees (STECC).

- The role also requires completing migration & ownership of the current varied economic capital processes and methodology regarding model validation at the regions mentioned above with the aim of suggesting, agreeing and implementing a standardized model validation framework across regions.

- Knowledge and understanding of portfolio risk drivers, their use and impact on capital requirements; knowledge of regulatory capital and its components; concepts of portfolio concentration and diversification

- Build a good relationship with the business probing and understanding their needs and identify areas of improvement to enhance current information infrastructure.

- Strong understanding of banking industry, knowledge of different banking portfolios and related risk management practices

- Relevant experience and knowledge of Economic Capital analytics background preferred

- Strong understanding of macroeconomic variables/trends and its potential impact on both retail and wholesale portfolio performance

- Excellent communication skills with technical (the team) and non-technical (senior entity management around the globe) counterparts

- Risk analytics experience in terms of portfolio management, risk-return metrics would be extremely beneficial

- Proven ability to produce clear summaries and reports from complex factual information, including both written documentation and graphical material

- Good organizational, analytical, problem-solving and strong project management skills

- Ability to identify trends/issues and follow-up/escalate as appropriate

- Personal impact/ability to form effective relationships and achieve influence at senior levels in the organization.

- Good communication (written/verbal) and presentation skills essential.