Vice President, Modeling and Analytics

At HSBC, the health and well-being of our employees remains of utmost importance. Many of our roles are permitted to work from home (in states in which HSBC is licensed to operate) until further notice. Upon resumption of normal operations, this role may be performed at New York, New York office.

This role is responsible to design and develop pre-provision net revenue (PPNR) models used in bank stress testing (CCAR). Responsible for establishing fit-for-purpose models, with strong governance and analytics.

PPNR models forecast net revenue before adjusting for loss provisions. For a bank, net revenue would be the sum of net interest income and non-interest income less expenses (except loss provisions).

Other responsibilities of the position include: working with business partners to provide financial and technical analysis and recommendations regarding current and/or proposed PPNR models; working with businesses, risk and finance teams to submit and validate data and analyze the consolidated results; production of the final regulatory 14A submission and data quality assurance of the submission; and partnering with other CCAR teams such as documentation, process or review and challenge in order to provide and analyze results.

Impact on the Business
  • Build and maintain PPNR models used in stress testing.
  • Help identify risk drivers related to individual businesses
  • Provide quantitative support to build intuitive forecast


As the plan and analysis area affects all areas of the company, the customer and stakeholder aspect represents a significant and broad set of affected and involved parties including: Risk team, HSBC Economic Research Team, Lines of Business, Finance team, and Regulators including FRB and OCC

Leadership & Teamwork
  • Cultivate an environment that supports diversity and reflects the HSBC brand.


Operational Effectiveness & Control
  • Develop methods, procedures, reports, and databases to track and maintain data for analytics.
  • Implement continuous improvement strategies to ensure consistent improvement
  • Partner with audit in order to ensure that risk policies are followed


Major Challenges
  • This is a critical role for the Stress Testing exercise, hence quality and timely completion of the given task is important.
  • Knowledge of the technical and evolving world of stress testing and CCAR
  • The role would require interacting with regulators (FRB, OCC)
  • Achieving a balance between customer driven demand and maintaining an independent perspective
  • Integrating multiple analysis from different sources to deliver a comprehensive view of the situation.


Role Context
  • Substantial autonomy to own an area of responsibility
  • Need to partner with many different sites, locations and businesses effectively
  • Flexible and multiple work locations driven by personal and organizational need


Management of Risk
  • Ensure compliance, operational risk controls in accordance with HSBC or regulatory standards and policies; and optimize relations with regulators by addressing any issues.
  • For formal models ensure appropriate documentation and controls are maintained


Observation of Internal Controls
  • Maintains HSBC internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators.


Qualifications

Employment eligibility to work with HSBC in the U.S. is required as the company will not pursue visa sponsorship for these positions.
  • Minimum of 7 years of proven financial management experience or equivalent. Financial Services industry experience preferred. Advanced education can be considered in lieu of years of experience.
  • Advanced (masters or PHD equivalent) degree in a quantitative (e.g. science, mathematics, engineering, econometric, financial engineering) field.
  • Proficiency in programming language (e.g. SAS, Python) for model devleopment required
  • Proficiency in Microsoft Office suite required
  • Experience in statistical model development
  • Basic knowledge of bank stress testing and CCAR requirements
  • Strong ability for problem solving and attention to detail
  • Strong communication, analytical, and presentation skills
  • Strong ability for problem solving and attention to detail
  • Strong communication, analytical, and presentation skills
  • Ability to operate in a fast-paced environment and with all levels of internal and external management and government regulators


All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.