Job description Posted 07 June 2022

Delivery Lead

£522.50 p/d PAYE or £670.47 p/d Umbrella (negotiable)

London

Contract until 31/12/2022

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. They are currently seeking an experienced individual to join their Global Finance team in the role of Delivery Lead.

The Latitude programme’s vision is the successful development and submission to PRA (and respective regional regulators) and implementation of the entire suite of new and enhanced Wholesale Credit Risk Models (new model submissions, model redevelopment and IRB repair); that collectively cover all of the Group Wholesale Credit RWAs, ensuring our bank is resilient and secure

Latitude provides a global systematic approach to model changes for Probability of Default (PD), Loss Given Default (LGD) and Exposure at Default (EAD) regulatory models with the objectives of:

  • Retaining AIRB permissions in line with PRA requirement for Wholesale Credit Risk Models
  • Safeguard RWA for HK and rest of Asia

 

To ensure the seamless delivery of Wholesale Credit Risk Models, Multiple Risk Ratings (MRR) Capability is being created for HSBC Group.  MRR capability is required given the bank’s global presence; there may be model variances arising from different regional regulatory standards and / or approval timelines (especially from OSFI, HKMA and ECB)

The Global Finance Change Delivery Lead manages Change, Design and Delivery, working closely with Risk, Global Risk Analytics, IT and the Business. The Global Finance Change Delivery Lead manages team members, both locally and offshore, to undertake quantitative and qualitative analysis in order to elicit clear requirements from the business, manage and translate these effectively throughout the project lifecycle and ultimately ensure that Change Programmes achieve their objectives and deliver the anticipated benefits to the organisation.  Specifically, this role will support the delivery of all Finance changes to support: the IRB Repair Implementation, Multiple Risk Ratings, Basel 3 Reform and the overall implementation of Credit Risk changes within Finance

 

Key Accountabilities:

  • The Global Finance Change Delivery Lead has an excellent understanding of implementing regulatory models (PD, LGD & EAD) and is able to guide others effectively - working with dynamic plans in a fast moving environment, continually assessing priorities and progress and adjusting course where necessary, being sure to maintain alignment with other programme workstreams / projects
  • The role holder has a good understanding of Change & Implementation approaches, tools and techniques for gathering, clarifying and managing business requirements and selects and applies the right approaches, tools and techniques according to context – ensuring seamless delivery
  • Given the specific nature of this role, the role holder should have experience with Regulatory Reporting and requirements across multiple regulators including the PRA, ECB, HKMA, and OSFI among others
  • The role holder is experienced in defining, developing and translating requirements, applying principles of a good requirement, at all stages of the project lifecycle from high level business requirements through to, for example, process requirements, functional requirements, user requirements, system requirements or data requirements, as well as test conditions
  • The Global Finance Change Delivery Lead operates at an executive level and engages and influences a wide spectrum of stakeholders and partners
  • The Global Finance Change Delivery Lead is able to challenge proposed changes to requirements and reject, reprioritise or escalate as appropriate
  • The Global Finance Change Delivery Lead works closely with multiple cross functional stakeholders and manages effectively the interface between requirements analysis and system design, maintaining appropriate accountabilities, as well as ensuring effective alignment of system design to user requirements
  • The role holder sets and applies high expectations with respect to quality, use of requirement management systems and document standards. The role holder manages a robust change control process to ensure change requests or changes in scope are identified and controlled

 

Knowledge and experience:

 

  • Relevant experience in the delivery of Change within Regulatory Models (PD, LGD and EAD), RWA Calculation and Regulatory Reporting business domains, with specific experience of Global Regulators
  • Relevant experience of leading regulatory change in a Finance and Risk context
  • Experience of being a delivery lead and working in large complex Programmes within the financial services industry
  • Proven track record in dynamic environments, with the ability to manage teams with diverse backgrounds and skill-sets, both locally and offshore and to maintain a global perspective
  • Exceptional drive, motivation and commitment and focus in operational excellence
  • Strong management, decision-making, problem-solving and interpersonal skills including the ability to influence stakeholders at all levels
  • Ability to provide SME knowledge in specific area to continuously improve areas of practice Minimum of a Bachelor’s degree in business, finance, mathematics, related field or equivalent experience
  • Relevant professional qualification preferred such as IIBA or Prince 2