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Vice President Stress Testing
HSBC
New York, NY, United States
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Description
Lead a mid-size team that provide valued financial and regulatory insights to support, influence and challenge the strategic direction of associated business area(s).
• Act as a trusted financial regulatory advisor to senior management, provide valued financial regulatory insights to steer business decision making.
• Innovatively apply commercial acumen to financial and regulatory metrics, driving business performance and directing business management to focus on profitable activities.
• Build and maintain business relationships to support strategic change in the business.
• Prepare analysis of business area(s), provide recommendations to seize opportunities for growth and mitigate identified risks.
• Review components of consolidated MI to deliver insightful analysis to the business, build the necessary MI tools and produce reports to be used by management.
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.
• Be a member of the overall quality assurance function to oversee the full CCAR documentary submission as well as the submission of other related stress testing documentation.
• 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.
• 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.
Qualifications
• 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.
EEO/AA/Minorities/Women/Disability/Veterans