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Job Title: VP, Wholesale Stress Testing
Company Name: HSBC
Location: New York, NY
Position Type: Full Time
Post Date: 01/20/2018
Expire Date: 02/19/2018
Job Categories: Accounting/Auditing, Finance/Economics, Information Technology, Installation, Maintenance, and Repair, Retail/Wholesale, Quality Control, Research & Development
Job Description
VP, Wholesale Stress Testing
Assist in the development, preparation and documentation of wholesale stress testing submissions in compliance with local and global regulatory requirements including CCAR, DFAST, PRA and EBA.   Be a key member of the wider capital adequacy assessment process including both CCAR and PRA/EBA stress testing activities as it evolves to meet increasing regulatory requirements and expectations and to remediate existing MRIA/MRAs.
Impact on the Business
  • Assist in the policy and standard setting, planning and preparation of all documentation (including 14A documentation) related to HNAH’s CCAR submission to the FRB and OCCand the U.S. submission to HSBC Group related to PRA stress testing.
  • Responsible for the preparation of certain key documentation for CCAR and PRA/EBA stress testing including the review and quality assurance of all other documentation.
  • Actively involved in enhancing & building stress testing data infrastructures. Further involved in identifying, reporting and analyzing key evolving risk portfolios while ensuring stress testing risk segmentation and results are in line with financial reporting.
  • Understand Bank methodologies for ALLL, Provision Expense & RWA calculations while ensuring stress testing processes are in line with current practices.
  • Maintain a detailed understanding and ongoing review of all U.S. and global regulatory rules and ability to assess their impact for HNAH and it subsidiaries.
Active participation in the  wider capital adequacy assessment process (ICAAP).
Customers / Stakeholders
  • Key contact and liaison role on ICAAP/CCAR and other related Stress testing documentation with other Risk, Finance and business functions.
  • Participation in the key HNAH governance committees for capital management and stress testing.
  • Liaison and coordination with Group, particularly on capital adequacy issues.
Leadership & Teamwork
  • Work as part of the wider CCAR/PRA stress testing team and be a key member of the capital planning team.
  • Required to work and liaise closely with the wider Finance function, Risk, the Global businesses and other global functions.
  • Monitoring and ensuring compliance with HNAH and Group capital planning and all other policies.
  • Promote an environment that supports diversity and reflects the HSBC brand.
Operational Effectiveness & Control
  • Maintain HSBC internal control standards, implement and observe Group Compliance Policy and maintain awareness of operational risk and minimize the likelihood of it occurring.
  • Monitoring and ensuring compliance with HNAH and Group capital planning and all other policies.
  • To implement the Group compliance policy locally by containing compliance risk in liaison with the Head of Group Compliance, Global Business Compliance Officer, Area Compliance Officer or Local Compliance Officer, ensuring adequate compliance resources and training, fostering a compliance culture and optimizing relations with regulators.
  •  Complete other responsibilities, as assigned.

Major Challenges

  • To actively participate and deliver on the CCAR requirements and work in close coordination with other Finance and Risk functions.
  • To ensure production and maintenance of high quality technical, procedural and project documentation.
  • To understand the impact and requirements of the evolving and complex regulatory requirements with respect to CCAR and the capital adequacy assessment process. 

Role Context

  • This position may be found in one of the following areas:  Other global regions capital planning teams undertaking capital planning and ICAAP processes for local regulatory and Group purposes.
  • 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.
  • 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.


Role Dimensions

  • Balance sheet U.S. $309 billion

HSBC is blazing the trail for African-American colleagues, check it out:

As you complete your online application, please use source code: Historically Black Colleges and Universities. If you would like to notify HSBC's Diversity Recruiting team of your application, please e-mail

Qualifications & Requirements

  • Qualified accountant/MBA/CFA with experience in finance and regulatory regimes in the US and globally.
  • Professional writing skills
  • Knowledge of the principles of bank capital and regulatory policy.
  • Proven ability to communicate complex ideas both in written and verbally in written format.
  • Strong teamwork experience.
  • Ensuring production and maintenance of high quality technical, procedural and project documentation.
  • Proficient in all Microsoft Office applications.
  • Knowledge of VISIO a plus but not essential.
  • Knowledge of the full project life-cycle from requirements through implementation a plus but not essential
  • Demonstrated experience preparing regulatory reporting or submissions, as well as interacting with regulators
  • Strong communication skills at all levels.



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Company Name: HSBC
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