Senior Credit Risk Analyst

Work in a fast growing business as part of a highly energized department to provide an independent assessment of the risk profile and performance of business lines to include: Branch and Mortgage Lending, Unsecured Installment Loans, Credit Cards, Private Label Credit Cards and Auto Loans. Assist the Portfolio Oversight Manager in developing, implementing and managing the proper and appropriate level of risk analysis, monitoring and controls to ensure sound and consistent credit risk management practices to create the foundation for profitable growth.

Duties and Responsibilities:

* Develop and manage loss-forecasting models for each line of business using different methodologies as appropriate. Carry sensitivity and scenario analysis to understand the impact of exogenous factors, policy and operational changes on delinquency and charge off levels.

* Ensure judgmental loan loss reserves are adequate for each portfolio to cover future loss expectations that are not captured in the statistical roll rate models. Work with Portfolio Oversight Manager to manage the judgmental reserve process and ensure Canada is complying with HNAH Allowance for Loan Loss Policy.

* Develop and maintain a comprehensive set of reports to identify delinquency and charge off trends at the vintage and segment levels. Apply observations to loss forecasting models to capture current trends and communicate to Senior Management to identify risks and opportunities to the forecast.

* Provide an independent assessment of the risk profile and performance of each individual business line (Branch and Broker Mortgage Lending, Unsecured Installment Loans, Credit Cards, Private Label Credit Cards and Auto Loans) as well as the overall business unit by regularly monitoring key risk indicators, conducting periodic credit review meetings, and consistently communicating findings to Senior Management.

* Conduct deep analytical dives to properly diagnose, document and report drivers of unexpected changes to portfolio/origination composition and credit performance. Communicate findings including future impacts to losses and proposed recommendations to Senior Management as required.

* Review and provide an independent perspective on proposed changes in credit policy and strategies following the prescribed requirements from RCM min standards.

* Identify, track and communicate the possible future and current impact of macro economic trends on portfolio performance.

* Complete other credit risk responsibilities and assignments as assigned.

Qualifications and Requirements:

* A minimum of two years of proven credit risk management experience within the financial services industry or a related field. Good working knowledge of credit risk.

* Bachelor degree in Mathematics, Statistics, Finance, Economics or equivalent.

* Must have analytical, computer, and statistical skills as well as ability to approach problems in a quantitative manner.

* Experience in loss forecasting and reserving would be considered a strong asset.

* Experience with statistical analysis software such as SAS.

* Strong written and oral communication skills.

If you are seeking a challenging and promising career, HSBC has a world of professional opportunities for you to explore. We offer a competitive Total Rewards Package, including incentive pay, plus reduced rates for loans and mortgages. We make a point of rewarding performance, supporting professional development and providing Work Life solutions.

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