Vice President / Director Basel Risk Management Job Details
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| Vice President / Director Basel Risk Management (Ref: 89868) |
| Sector, Sub Sector: |
Other
|
| Compliance Type: |
Regulatory/Compliance
|
| Expertise: |
-
|
| Company: |
HSBC
|
| Location: |
Mettawa
,
Illinois
|
| Employment Type: |
Permanent
|
| Job Description: |
Make the Right Move and join a winning team! Build your career with us. HSBC - North America is a part of HSBC Group, one of the largest banking and financial service organizations in the world. Our domestic strength and extensive global network provides our employees with the best of both worlds - the friendliness of a local organization and the resources of a worldwide network - for diverse experiences and challenging career opportunities. This is a individual contributor role. The individual in this position would be considered the Retail Basel subject matter expert for North America Retail businesses and would be responsible for the strategic direction of Basel-2 implementation for Retail including FSA and FFIEC reporting. This position requires an excellent understanding of the US Final Basel Rule and also preferably the CRD. The individual will be responsible for providing direction and strategic view for Basel model development and calculation of RWAs. More specifically, the individual will be responsible to: Assist in business process analysis related to Basel, document findings, and recommend process improvements to meet Basel II requirements. Assist management in research of complex Basel issues and prepare reports detailing the resolution Provide the interpretation of the US Final Rule requirements in context of on-going regulatory reviews and industry best practices. Provide direction to become compliant with US Final Rule for model development, segmentation and quantification to enable RWA calculations. Define target architecture to support the Basel II program. Lead the technical and analytical review of Basel II programs. Prepare project deliverables and documentation needed to support the Basel II Retail program. Prepare white papers, discussion papers and other in-house material to support the Basel II program. Research Basel II issues to provide interpretation to the US Final Rule. Provide consultation for vendor management of Basel related software and tools and services. Work with other functions of the business such as underwriting, collections, marketing to develop and set standards for new and existing products with reference to the Basel rules. Provide direction for economic and portfolio forecasts of Basel metrics and continuous planning. Monitor and assess portfolio performance, recommending loss mitigation strategies and underwriting guideline changes as appropriate. Complete other responsibilities, as assigned. Lead and develop an effective team through communication, performance management, development plans and reward/recognition practices. Cultivate an environment that supports diversity and reflects the HSBC brand. Basic Qualifications:- - Bachelor’s degree in mathematics, statistics, finance, economics, related field or equivalent experience, Master's Degree preferred
- Eight years proven credit policy and/or credit risk management/analytics experience, or equivalent
- Strong knowledge and understanding of financial services preferred
- Strong management, interpersonal, organizational, analytical, problem-solving, project management and verbal and written communication skills
- Proficiency with personal computers as well as pertinent mainframe systems and software packages
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| Job Ref No: |
89868
|
