Liquidity Stress Testing & Modelling Manager London, England
Job description
Some careers open more doors than others.
If you’re looking for a career that will unlock new opportunities, join HSBC and experience the possibilities. Whether you want a career that could take you to the top, or simply take you in an exciting new direction, HSBC offers opportunities, support and rewards that will take you further.
As an HSBC employee in the UK, you will have access to tailored professional development opportunities and a competitive pay and benefits package. This includes private healthcare for all UK-based employees, enhanced maternity and adoption pay and support when you return to work, and a contributory pension scheme with a generous employer contribution.
HSBC Global Treasury is the global clearing house for HSBC’s financial resources. We proactively integrate, manage and steer our financial resources for today and for the future, whilst ensuring our prudential safety. Finance resources are defined as the cash, liquidity, funding and capital (including as measured by RWAs, leverage and large exposures) of entities within the Group and the interest rate and FX risks that results from the banking book activity. We partner with Businesses and entities to provide sustainable optimised commercial outcomes to deliver the Group’s strategy. We manage the residual portfolios and risks with a mind-set of portfolio optimisation. Our team lead a dynamic and inclusive culture fostering diversity of thought and where the best wants to work.
We are currently seeking an experienced individual to join this team in the role of Liquidity Stress Testing & Modelling Manager.
Role Purpose:
The role sits within the Global Treasury, Liquidity team which is responsible for safeguarding and optimising the Group’s balance sheet and ensuring the Group’s entities adhere to the liquidity risk management framework. The purpose of this role is to support the Treasury Liquidity Risk team in the enhancement of the internal liquidity framework by creating new methodologies to model the Group’s main liquidity risk drivers.
The role holder will be required to identify areas of improvement within the current liquidity risk driver methodologies and develop enhancements, or new models, that will be deployed across the Group. This will require knowledge of regional risk nuances whilst ensuring new approaches are considerate of the group’s strategy and in compliance with all internal and regulatory governance requirements.
In this role, you will:
- Review existing approaches to liquidity risk modelling across the group and research industry practices
- Work closely with business lines, regional liquidity teams, Markets Treasury and MSS teams to gain insight on the new attributes that would support liquidity risk driver modelling
- Collate results of research and propose modeling methods that provides a central modeling approach with and entity level calibrations
- Perform data analysis to and validate new methodologies
- Develop proof of concept models and monitor results for key sites
- Perform assessments on the liquidity buffer impact of any new proposed methodologies
- Work with technology teams to implement new models into the group’s central systems
- Support the updates of liquidity procedures to reflect new modelling approaches
- Support the Liquidity governance associated with model development including the model risk management lifecycle, Treasury Risk Management and entity governance when needed.
- Explain new methodologies to colleagues when required and ensure effective sharing of information and best practices across Global Treasury
To be successful in this role you should meet the following requirements:
- Strong knowledge of Treasury/Liquidity risk measurement and management beyond regulatory prescribed principles
- Understanding appropriate areas of key liquidity measures as per the Group Framework (ILM, LCR, NSFR, PRA110, and other secondary monitoring metrics), Bank financial systems, related business areas, products and their strategic drivers
- Ability to work independently, manage offshore resources and influence key stakeholders to ensure there is alignment on the delivery of key initiatives.
- Knowledge of the regulatory landscape with experience of regulator interaction.
- Combination of regulator-facing and business operations/programme leadership skill set preferred, including experience of managing projects, but not essential
- Culturally aware and likely to have exhibited such by delivering strong results, cross border and ideally across a number of business and product disciplines
- Excellent time management, planning and organisation skills, with the ability to understand the scope of dependencies across the Group
- Well-developed capacity to process high volumes of complex information and synthesise key themes and issues
- Very strong interpersonal and communication skills, with highly developed capacity to influence other stakeholders
- Proven experience working across business, regional and country dynamics. Understands how conflicts can be managed to deliver assigned tasks
- Strategic thinker with deep knowledge of the financial services industry and global marketplace, who is used to
