Risk Economist

Some careers have more impact than others.

If you’re looking for a career where you can make a real impression, join HSBC and discover how valued you’ll be.

Global Risk is a thriving and expert risk management function supporting HSBC globally with all aspects of risk management. The team actively manages a varied and dynamic range of risk types, including security, fraud, information security, contingency, geopolitical, operational, credit, pension, insurance, financial crime and regulatory compliance, market and reputation risks. All parts of the Global Risk team use their skills, insight and integrity to handle established threats and those they see emerging, acting to protect and enable HSBC to deliver sustainable growth.

We are currently seeking an ambitious individual to join our team as a Risk Economist, working together with colleagues to define, manage and achieve divisional business targets.

Role Purpose

Group Risk Economics has a vacancy in its team for an economist who will play a pivotal role in scenario review and governance. These range from established processes, such as IFRS9 and Stress Testing and Planning as well as new areas of focus, such as Climate Change.

In this role, you will:

- Ensure timely production and dissemination of the team’s documentation, for IFRS9 and stress testing
- Lead on review and analysis of the UK economy and other European countries. The role will be expected to provide review and challenge of IFRS9 and stress testing scenarios
- Closely follow the analysis and forecasts of major think tanks, research organisations and Central Banks and then synthesise this into appraisal of forecasts and scenarios
- Review and challenge model forecasts to ensure economically coherent paths for variables across different scenarios
- Monitor the economic environment and provide regular reporting of key economic indicators
- Monitor emerging risks and fast moving events and provide appropriate written commentary
- Develop analytic tools, as required, to facilitate economic monitoring
- Provide support for reviewing models and methodologies as well as scenario development

**Requirements**:
To be successful in the role, you should meet the following requirements:

- Substantial experience as an economist working in major international banks, IMF, Central Banks, Government economic services, economic forecasting organisations or major, multi-national companies
- Significant experience in forecasting and scenario generation gained for stress testing and/or IFRS9
- Have an active interest in climate change and be familiar with the challenges of climate scenario generation
- Proven track record of having conducted research and produced high quality written documentation on economic issues
- Understanding of global macroeconomic issues and major economic risks for the design and assessment of macroeconomic scenarios
- Experience and understanding of accounting controls and risk management governance preferred
- Established track record as an economist. Demonstrate understanding of either wholesale or retail risk and the macroeconomic drivers of default
- Established writing skills. Able to convey complex economic ideas in simple language. Strong data visualisation skills - able to source economic data and produce innovative charts and graphs to summarise economic relationships
- Good communication and interpersonal skills. Able to communicate convincingly with senior and junior audiences alike

You’ll achieve more when you join HSBC.

Issued by The Hongkong and Shanghai Banking Corporation Limited.