This is an initial 3 month contract based in London
PLEASE READ FULL SPEC BEFORE APPLYING ** Due to the nature of the roles, which are tackling complex issues and operating in a very tactical environment while strategic solutions are being developed, the ideal candidates should tick the following criteria:
HSBC experience ( Or similar financial institution)
ACCA qualified ( or equivalent)
Credit Risk experience
To join a new global team, Credit Impairment Analytics, which will play a critical role in the implementation and on-going delivery of IFRS 9. Key objectives will include:
Assist in establishing the team's role within the IFRS 9 governance process and operating model, working closely with Credit Risk and global finance teams. The team aims to become a centre of excellence for credit knowledge within the HSBC Finance community.
Production of analytics which support the review of IFRS 9 impairment results at global business and significant subsidiary impairment committees. Additionally, these analytics will support external reporting disclosures.
Assist in the preparation of papers that document the challenge of the expected credit losses calculated by entities and global businesses.
Review the Group's credit disclosures to ensure best practice and compliance with regulatory standards (e.g. IFRS).
Monitor the external environment to identify reasons to adjust the Group's expected credit loss calculations and assess the external markets expectation of the Group's ECL.
Prepare an expectation of reporting period expected credit losses to support group management and investor relations.
Maintain a robust and compliant control environment.
Knowledge & Experience / Qualifications
Recognised professional accountancy qualification is essential.
Fundamental understanding of the financial reporting and external disclosure requirements for a large financial institutions and some experience of preparing or auditing published financial statements.
Awareness of IFRS 9 and other relevant regulatory and best practice reporting issues.
Ability to design, document and communicate analytical procedures to provide assurance over external financial statements.
Some experience of preparing technical/formal papers which are delivered to a senior management level.
Knowledge of risk modelling concepts would be an advantage.
Be a self-starter/motivated - ability to work with minimum supervision with attention to detail. Ability to manage stakeholder expectations.
Ability to field, analyse and solve unstructured problems/queries and to challenge existing procedures.
Ability to communicate complex financial issues confidently to line management.
Be able to work to strict deadlines, under pressure and be a team player.