Assistant Vice President - Stress Testing

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If you’re looking for a career that will help you stand out, join HSBC and fulfil your potential. 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.

HSBC is one of the largest banking and financial services organizations in the world, with operations in 64 countries and territories. We aim to be where the growth is, enabling businesses to thrive and economies to prosper, and, ultimately, helping people to fulfil their hopes and realize their ambitions.

We are currently seeking an experienced professional to join our team in the role of Assistant Vice President - Stress Testing.

Purpose of the role

Own and deliver end-to-end wholesale credit risk regulatory stress testing across multiple jurisdictions. The role partners closely with Risk, Finance, Treasury, Modelling, and senior stakeholders to produce high-quality stress testing submissions, insightful management reporting, and clear narrative on drivers of portfolio performance under stress.

In this role, you will:

• Execute full stress testing lifecycle for wholesale credit risk, including planning, data preparation, control execution, projection runs, results production, review, and final submission.
• Deliver regulatory stress testing exercises for PRA, EBA, HKMA, DFSA, CBUAE, APRA and other local regulatory requirements, ensuring timelines and governance standards are met.

• Maintain a robust process framework, including controls, documentation, audit trail, and evidence packs. Liaise with multiple stakeholders (e.g., Credit Risk, Portfolio Management, Finance, Treasury, Modelling, Regulatory Affairs, Technology) to coordinate input and resolve issues quickly.
• Lead review and challenge stress testing outputs, ensuring results are credible, consistent, and well-explained. Prepare clear commentary on key movements, sensitivities, and drivers (portfolio, sector, geography, rating migration, concentration, etc.).

• Apply strong working knowledge of PD, LGD, and EAD models and how they are used in stress testing projections. Understand and explain projected movements in ECL, EL, and RWA, including how these metrics evolve through scenario paths and management actions. Ensure alignment between stress testing assumptions, model behavior, and portfolio dynamics.

• Demonstrate understanding of Basel regulations and IFRS 9 principles relevant to wholesale credit risk stress testing. Support interpretation of regulatory expectations and ensure outputs align with applicable guidance and internal policy.

• Maintain a solid understanding of wholesale banking and related products (e.g., corporate lending, trade, derivatives, structured products), and how product features influence exposure profiles and stress outcomes.

• Translate complex quantitative results into clear, decision-useful insights for senior stakeholders and governance forums. Produce high-quality presentations and executive-ready materials, including scenario narratives, key messages, and limitations/uncertainties.

• Use visualization and reporting tools such as Tableau and Qlik Sense (and similar) to deliver insightful MI and dashboards.
• Apply excellent Excel and presentation skills to build robust analysis and compelling storylines. Use SAS, SQL, and Python at a practical level to automate, streamline, and improve controls within the stress testing process.

To be successful you will:

• A degree in MBA with bachelor’s in engineering / master’s degree in economics, Mathematics, Statistics or other numerical discipline, with relevant analytics experience. 7+ years (with Master’s) or 9+ years (with Bachelor’s) professional experience in financial services or consulting.
• Proven experience in credit risk analytics, stress testing, impairment, capital, or regulatory reporting within wholesale banking. Strong understanding of PD/LGD/EAD concepts and their use in forecasting/projection frameworks.
• Working knowledge of ECL/EL/RWA and the key drivers of change under macroeconomic scenarios.
• Solid grounding in Basel and IFRS 9 concepts. Strong stakeholder management skills with the ability to challenge constructively and drive outcomes across teams.
• Excellent written and verbal communication skills, including experience presenting to senior audiences.

• Strong familiarity with PRA, EBA, HKMA and other regulatory stress testing guidelines and expectations.
• Hands-on delivery experience of one or more regulatory stress testing exercises (e.g., EBA EU-wide, PRA stress tests, HKMA exercises).
• Experience supporting Basel 3.1 implementation impacts wholesale credit risk and capital. IFRS 9 reporting experience (including stage migration, overlays, scenario weighting, and governance). Exposure to stress testing model validation and/or development, including model performance assessment and limitations management.

You’ll achieve more when you join HSBC.

www.hsbc.com/careers

HSBC is an equal opportunity employer committed to building a culture where all employees are valued, respected and opinions count. We take pride in providing a workplace that fosters continuous professional development, flexible working and opportunities to grow within an inclusive and diverse environment. We encourage applications from all suitably qualified persons irrespective of, but not limited to, their gender or genetic information, sexual orientation, ethnicity, religion, social status, medical care leave requirements, political affiliation, people with disabilities, color, national origin, veteran status, etc., We consider all applications based on merit and suitability to the role.”

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