Risk Weighted Assets

Role purpose

This position plays a vital role in upholding compliance with Basel II and Basel 3.1 standards for credit risk assessment, supporting the accurate calculation of Risk-Weighted Assets (RWAs), and ensuring the timely delivery of regulatory reports. Prompt recruitment is essential to mitigate the risk of delays, errors, or non-compliance, thereby safeguarding business continuity and maintaining high levels of operational performance.

Main activities

- Execute essential processes to ensure compliance with group guidelines established during Basel meetings for credit risk calculation (FoTC). This includes performing reconciliations with financial reporting system (SARACEN) and validating CoRep, Pillar 1, and Pillar 3 data.
- Implement procedures to meet Basel II requirements and support the transition to Basel 3.1 standards for credit risk calculation. This covers related projects (CoRB3), regulatory updates, and the preparation of associated reports (Pillar 1, Pillar 3, CoRep).
- Oversee and manage RWA calculations for PRA NCCR, including the validation of data quality issues, external ratings, credit conversion factors, and additional data analysis. Ensure the timely and accurate delivery of both transactional and analytical information to stakeholders such as FoTC, CoRB3, CFO/CRO sign-offs, and provide support to LATAM sites. Assist with foundation method estimations for RWAs.
- Collaborate across departments to review, analyse, and implement mechanisms for group documentation requirements. Coordinate with relevant teams to manage system documentation and outstanding events related to PRA, Basel II, and Basel 3.1, in alignment with group standards.
- Support the business by providing RWA estimations to inform strategic decisions, optimise profitability, and maintain appropriate capital levels.
- Validate and ensure the accuracy of RWA data for NCCR, contributing to the group’s objective of calculating Risk Weighted Assets globally.
- Adhere to controls for IFRS9 ECL calculation, including comprehensive reconciliation processes. Validate both bespoke retail aggregated data and granular wholesale information.
- Fulfil requirements set by the IRR team (Integrity of Regulatory Reporting).
- Act as control owner for projects associated with PRA processes.
- Maintain effective communication with Group Regulatory Reporting and LATAM sites regarding regulatory reporting matters.
- Deliver observed RWA data to Stress Testing Teams for PRA, supporting projection activities.
- Review and approve the Regulatory Reporting sections within Regional GSMs (transaction approvals), including analysis of regulatory policy opinions and assessment of PRA RWA impacts.
- This role is vital for maintaining continuity in reporting deliverables. Delays in filling this position may result in missed deadlines, compliance risks, and increased pressure on existing staff, potentially leading to errors and non-compliance.
- Given the ongoing requirements for Basel 3.1 regulatory implementation, it is imperative to fill this role promptly to ensure business continuity and sustain team performance.

Qualifications

- Minimum 5 years’ experience in data analytics.
- Minimum 5 years’ experience in programming language skills such as SAS or other.
- Minimum of a bachelor’s degree in economics, Business Administration, Actuary, Engineering, Mathematics, or similar.
- Background in Banking, data analytics and in regulatory reporting activities.
- Ideal knowledge in topics related to risk weighted assets.
- Analytical and review skills with the ability to draw the accurate and straightforward conclusions.
- Strong written & oral communication skills.
- Strong teamwork, organization and complex problem resolution.
- Sound judgment, keen sense of urgency, and high level of professional and personal integrity.
- Ability to assist in the training and development of the team.
- Minimum Advanced English level is required – Fluent would-be a plus.

Functional Knowledge

- Knowledge of regulatory regulations applicable in Group.
- Experience in dealing with Regulators and Auditors.
- Experience in definition and construction of Regulatory Reporting

You’ll achieve more when you join HSBC

At HSBC we offer our colleagues a greater number of days so that they can fully enjoy their wedding, take care of the new member of the family, or grieve the loss of a family member. Our paid leave package is at the forefront in Mexico, now you have one more reason to be HSBC and proudly live a culture of well-being, balance and care.

HSBC is an equal opportunity employer committed to building a culture where all employees are valued, respected and opinions count. We take pride in providing a workplace that fosters continuous professional development, flexible working and, opportunities to grow within an inclusive and diverse environment. We encourage applications from all suitably qualified persons irrespective of, but not limited to, their gender or genetic information, sexual orientation, ethnicity, religion, social status, medical care leave requirements, political affiliation, people with disabilities, color, national origin, veteran status, etc., We consider all applications based on merit and suitability to the role.

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