Head of SP&ST Execution Processes

Last updated 4 hours ago


Role Title: Head of SP&ST Execution Processes

Business: Finance

New or Existing Role- Replacement


Role Purpose

  • The SPST Execution team ensures that Stress Testing and forecasting is executed and implemented across the group in line with best practise for the purpose of (i) strategic decision-making, (ii) compliance with regulatory framework, and (iii) meeting enterprise-wide stress testing needs.
  • The role is within the execution team with ownership and accountability on some of the key elements of the global stress testing operating model with focus on execution, analysis and delivery of BAU & Regulatory (annual) Stress Tests for the group and regions.

Key Accountabilities

  • Contribute to the implementation of new stress scenarios, stress testing methodology and MI, and provide business requirements for IT implementations.
  • Review stress test results and carry out analysis to ensure that the stressed output (PD, LGD, Expected Credit Losses, Loan Impairment Charges, Regulatory Expected Loss and Risk Weighted Assets) is consistent with the narrative and severity of the scenario for the given portfolio(s).
  • Maintaining, Executing and Enhancing the global operating model to conduct stress tests and forecasts, including working with teams across HSBC to ensure the operating model and processes are fit for purpose and efficient
  • Planning and coordination of the detiled end-to-end stress testing execution process, including the timing of runs
  • Manage the delivery of Excutions deliverables for both Internal and Regulatory submissions
  • Contribute to Review and Challenge Sessions with both Regions and Business Lines
  • Representing stress testing at meetings with senior stakeholders across the group as required.

Customers / Stakeholders

  • SP&ST Execution Team leads such as the Head of Wholesale Credit or the Head of Retail Credit
  • Other SP&ST teams e.g. SP&ST Delivery and SP&ST Data and Reconciliation
  • Group Risk Analytics
  • Global teams in SLOD Risk and the Business
  • Regional teams in SP&ST, SLOD Risk and the Business
  • Offshore SP&ST and FCO teams
  • Finance Change Delivery and HOST

Leadership & Teamwork

  • The ability to work across teams is essential to the success of the role
  • Ability to influence and coordinate with teams both within Fianance and elsewhere
  • Ability to present stress testing output and rationale to management in Group, regions, and businesses.
  • Appropriate technical and leadership skills training are delivered to staff
  • Control issues are understood and resolved in a timely and sustainable manner

Operational Effectiveness & Control

  • Execution operates within a robust governance and controls framework, including the internal control over results, and must remain compliant with all regulations. For the areas this role has accountability for there is a responsibility for ensureing controls are in place, documented and followed
  • Ensure operational issues are captured in relevant systems e.g. Helios
  • Effective use of Global Finance Centre
  • Issues are promptly brought to top management attention with resolution plans implemented

Major Challenges

  • Stress testing is a highly technical and fast-developing area due to increasing internal expectations and regulatory pressure
  • The roleholder will need to have an appreciation of the drivers of wholesale credit risk stress testing forecasts as well as an awareness of the commercial and economic principles, portfolio and market drivers of projected losses and changes in PD, LGD and EAD under a stressed economic scenario.
  • The jobholder will need to be able to summarise clearly and effectively the results of their analysis and their suggestions to senior audiences
  • The jobholder will need to be able to effectively coordinate multiple activities and deliverables across Global teams operating in different time zones
  • The jobholder will need to navigate through a complex process and operating model
  • Prioritise numerous competing requests and manage timing and stakeholders’ expectation appropriately
  • The jobholder will need to manage complex and often technical queries / issues through to resolution
  • The SPST Execution operating model and Systems are currently undergoing review and transition to a new strategic state. The jobholder will be required to actively contribute to this delivery

Role Context

  • The role is within the SPST Execution team in Group Finance

Role Dimensions

  • Balance Sheet Size c.$900bln of wholesale exposures
  • Role covers seven regions, two businesses, and Group
  • Manage the delivery of certain Wholesale components for both Internal and Regulatory submissions
  • Contribute to Review and Challenge Sessions with both Regions and Business Lines
  • Representing Wholesale stress testing at meetings with senior stakeholders across the group.

Management Risk

  • The jobholder is expected to ensure that appropriate systems and controls are in place for their areas of responsibility. The jobholder will continually reassess the solvency, compliance, regulatory and operational risks associated with the role and inherent in the business, taking account of changing economic or market conditions, legal and regulatory requirements, operating procedures and practices, management restructurings and the impact of new technology
  • Implementation of the Operational Risk FIM as applies to the Finance function and in particular the imbedding of the 3 lines of defence, Risk Control Assessments (RCAs) and the implementation of the risk steward framework. Also by addressing any areas of concern in conjunction with top management and/or the appropriate department
  • Addressing any areas of concern in conjunction with top management and/or appropriate department

Observation of Internal Controls

  • The jobholder will adhere to and be able to demonstrate adherence to relevant internal controls. This will be achieved by adherence to all relevant procedures, keeping appropriate records and, where appropriate, by the timely implementation of internal and external audit points, including issues raised by external regulators. The jobholder will comply with Global Finance FIMs, GSM and other applicable HSBC control standards.
  • The jobholder will implement the Group compliance policy by containing compliance risk in liaison with relevant Compliance Officers. The term ‘compliance’ embraces all relevant financial services laws, rules and codes with which the business has to comply.
  • This will be achieved by adhering to all relevant processes/procedures and by liaising with Compliance department about new business initiatives at the earliest opportunity. Also and when applicable, by ensuring adequate resources are in place and training is provided, fostering a compliance culture and optimising relations with regulators