About the Department : Wholesale and Market Risk [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 Stress Testing team within WMR ensures that stress testing is implemented across the group in line with best practice for the purpose of (i) risk management, (ii) compliance with the Basel II/III regulatory framework and (iii) meeting enterprise-wide stress testing needs. One of the primary objectives of this team is to ensure that stress testing is executed consistently across three risk types: market risk, counterparty risk and wholesale credit risk. The scope of the team is both the trading and the banking books. Role Responsibilities: The role requires supporting the ownership and accountability on some of the key elements of the stress testing framework. This includes: (i) providing methodology guidance to the local sites with the support of the Group methodology team (RRA), (ii) consolidating results, (iii) delivering analysis to Senior Management and (iv) ensuring that stress testing is meeting the demands of the front office and regulators. More specifically the responsibilities of the position are as follows: - Risk management - Help senior members of the team form a judgment on the appropriateness of positions vs. risk appetite using stress results computed by numerous teams across the Group. Transform Senior Management strategy and questions into practical stress testing approach to improve risk-reward decisions. Take initiatives to develop innovative solutions - Regulation and methodology - Contribute and take part of the responsibility for ensuring that stressed risk measures are in line with best practice and meet regulatory requirements. - Expertise - Be part of the team that is the main point of contact in WMR for stress testing questions coming from local regions, other functional teams and regulators.&nbsp; - Drive the incentive and provide directions to the local sites so that (i) stress testing is used appropriately by risk managers for decision making, (ii) vulnerabilities in the traded portfolio are well understood by senior management and (iii) stress results are factored into risk appetite and risk mitigation decisions. - Contribute to market risk analyses and drive the implementation of new stress scenarios and stress testing methodology through WMR globally for risk arising from trading and wholesale activity. Education &amp; Skills required : - Masters degree in Finance / risk management - Experience range of 6 to 8 years, post qualification - Thorough understanding of credit risk and experience in credit risk metrics (PD / LGD / EAD / LIC) is mandatory - Experience working on stress testing is essential - Working knowledge of SAS / Tableau / SQL is preferred - Excellent communication &amp; stake holder management skills

Bangalore

HSBC - Manager - Credit Stress Testing 

HSBC - Manager - Credit Stress Testing  ,Job Description for HSBC - Manager - Credit Stress Testing  in HSBC in  Bangalore for (6-8) years of experience. Apply Now!

Job Description for HSBC - Manager - Credit Stress Testing  in HSBC in  Bangalore for (6-8) years of experience. Apply Now!