Regulatory Policy Manager, Wholesale Credit Risk
- London, Greater London (GBR)
- £625 - £802 Per Day
- 6 Months
- Start date: ASAP
- Ref: HSBCJP00038812
- risk analytics
- regulatory
- pra
- commercial banking
- documentation
Regulatory Policy Manager, Wholesale Credit Risk
Location – London
Rate – £625/ Day PAYE or £802/ Day Umbrella
Start date – ASAP
Contract duration – 6 Months (Potential for contract extension)
Financial and Model Risk Regulatory Policy and Engagement team provides the policy, processes, infrastructure and guidance required to maintain a globally consistent and conceptually sound risk rating system and overall capital framework across Wholesale Credit and Traded Risk. The role is located in Group Risk and has global reach. The jobholder is required to develop policy and standards to be implemented across the Group and will be expected to work in a global team context. This may include overseas travel where appropriate.
This role forms part of the Financial and Model Risk Regulatory Policy and Engagement team. The jobholder is expected to lead on analyzing the impacts and interpretation of new and existing regulatory requirements for wholesale credit risk.
he individual will also be responsible for providing subject matter expert oversight and challenge of the credit model changes required to comply with the new regulatory requirements, including review and challenge of model compliance assessments and engagement with the prudential regulation authority (PRA).
Key Accountabilities
- Provide guidance and opine on regulatory policy.
- Regulatory oversight and challenge for credit risk model developments.
- Drafting policy interpretations and opinions owned by Financial and Model Risk Regulatory Policy and Engagement team.
- The role holder will be expected to work with the business, modelling teams (Global Risk Analytics) and Wholesale Credit teams to develop and communicate solutions to address rule changes or answers to specific policy questions and/or regulatory requirements
- Provide regulatory guidance and policy opinions, including clear communication of the latest external regulatory developments to stakeholders from Wholesale Credit Risk (WCR), Global Risk Analytics (GRA), etc.
- Develop consistent policy standards across regional GRA and WCR sites
- Provide challenge and feedback to global GRA and WCR teams relating to policy, standards and documentation
- Ensure consistent and accurate regulatory submissions
Knowledge & Experience / Qualifications
- Educated to university degree level or equivalent and , and it would be desirable for them to hold a relevant professional qualification
- Experience in general or wholesale banking including Commercial Banking, Global Banking & Markets or Wholesale Credit
- Good knowledge of the regulatory landscape particularly relating to credit risk regulations, risk models waivers for IRB or previous experience in a Regulatory Capital policy function
- Relevant working experience in a bank, rating agency, consultancy or advisory firm would be considered
- Experience of dealing with regulators is advantageous.
- Some understanding of statistics and concepts of the risk modelling process would be advantageous
- EXPERIENCE IN WHOLESALE RISK/ RISK MODEL/LGD/ IRB/CREDIT RISK.
