Buffalo Grove, Illinois

Job description

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 our Buffalo, New York office.

As the VP, Stress Testing and Reserves, you will be responsible for finalizing the Expected Credit Loss Reserves under IFRS and CECL, conducting Regulatory and BAU Stress testing exercises.

The Role will primarily involve working hand in hand with the Business, LMU, CAU, Finance and other Risk to ensure all Monthly and Quarterly CECL and IFRS reserves processes are executed properly with conceptually sound estimation. Be able to explain and defend the results in front of Business and Senior Management.

About Us

Our purpose - Opening up a world of opportunity - explains why we exist. We're here to use our unique expertise, capabilities, breadth and perspectives to open up new kinds of opportunity for our more than 40 million customers. We're bringing together the people, ideas and capital that nurture progress and growth, helping to create a better world - for our customers, our people, our investors, our communities and the planet we all share.

You will be responsible for:
  • Providing adhoc and standard stress testing analysis to Senior Management to help guide management actions.
  • Understanding current Economic trends (Globally & Locally), macro projections/FEG and being able to use to effectively challenge model results and help guide/inform overlays.
  • Diving deeply into existing portfolio to be able to understand portfolio dynamics, key and emerging risks (for Risk Identification).
  • Understanding suite of HSBC models, how they work and downstream impacts.
  • Diving deeply into reserving model forecasts to look for anomalies and trends to help determine potential overlays and underlays to model results. Prepare adjustment templates, upload to systems and verify accuracy.
  • Actively participating in model development process and Review and Challenge on the workings and design of models.
  • Being involved in the preparation of Reviewing and Challenging Presentations while documenting minutes and following up on key takeaways. Need to be proficient with Excel, SAS/MS Access, PowerPoint, Tableau.
  • Ensuring accurate and thorough documentation related to stress testing activities
  • Being involved in discussions with Regulators & Auditors on stress testing and respond timely and effectively to various questions raised.
  • Working with other members of WMR especially CAU experts, Business & Portfolio Management to conduct periodic sector related stress tests that are done internally and outside regulatory stress tests (ie CCAR)
  • Interacting with IMR, Audit, Assurance functions to ensure all governance requirements are effectively met and documented appropriately for their reviews
  • Providing analysis and details to other areas of the bank to ensure reserving results are being used in decision like Risk Appetite, AOP planning etc.
  • Working closely with multiple teams (HBUS Finance team/Risk /IT, LMU and Group) to address data validation, accuracy and timing issues & reporting for various data sets;
  • Assisting in developing policy, procedures, data sources to ensure compliance with the governance standards;


  • Minimum of three years proven and progressive credit and financial services experience or equivalent, including experience in working in stress testing and loan loss reserves.
  • Bachelor's degree in finance, business, related field or equivalent experience; Master's degree preferred.
  • Strong communications, analytical, decision-making, lateral thinking and interpersonal skills.
  • Solid understanding of commercial credit processes, including credit risk assessment and systems, as well as econometrics, statistics and simulations.
  • knowledge of IFRS and CECL accounting standard, CCAR and other US regulatory guidelines.
  • Strong working knowledge of Excel, SAS/MS Access/R/Python, PowerPoint, Tableau.

As an HSBC employee, you will have access to tailored professional development opportunities and a competitive pay and benefits package. We work hard to ensure that our workplace is a diverse, inclusive and meritocratic environment, and we have a strong commitment to sustainability. Our Employee Resource Groups (ERGs) play a central part in life at HSBC, including the development of our employees and our connection to the communities and customers we serve. We value difference. We succeed together. We take responsibility. We get it done. And we want you to help us build the bank for the future!

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.


Buffalo Grove, Illinois

HSBC is one of the world’s largest banking and financial services organisations. Our global businesses serve more than 40 million customers worldwide through a network that covers 64 countries and territories.


Whether you are looking for a first job or taking the next step in your career, we offer many ways for you to realise your ambitions. Come and work with us and you'll have opportunities to make connections all over the world and help build the bank for the future.


If you would like to notify the Diversity Recruitment team of your application or if you are simply interested in learning about opportunities at HSBC, please email diversity.recruiting@us.hsbc.com.


Join our Talent Community today! https://hsbc.avature.net/su/efbe2e86d4b0c30d

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