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Pensions Modelling and Capital Manager in London

Job description

Pensions Modelling and Capital Manager

Some careers have more impact than others.

If you’re looking for a career that will unlock new opportunities, join HSBC and experience the possibilities. Whether you want a career that could take you to the top, or simply take you in an exciting new direction, HSBC offers opportunities, support and rewards that will take you further.

Global Finance is integral to HSBC’s purpose and strategy, playing a valued role in managing costs and deploying capital in the most effective way. Our global team of finance professionals partner with the business to provide trusted insights and forward looking analysis, accuracy, efficiency, and control to frame and influence business decisions.

As an HSBC employee in the UK, you will have access to tailored professional development opportunities and a competitive pay and benefits package. This includes private healthcare for all UK-based employees, enhanced maternity and adoption pay and support when you return to work, and a contributory pension scheme with a generous employer contribution.

We are currently seeking an experienced individual to join this team in the role of Pensions Modelling and Capital Manager

Role Purpose

Support the shaping of pensions modelling, strategy and stress testing for the Group, to champion effective management of pension risks and associated stress testing focused capital requirements. The Pensions Modelling and Capital Manager will maintain and enhance stress testing, asset and liability modelling processes, associated governance processes and contribute to the management of pension and other post-employment benefits risks and will liaise with Risk, Finance and Human Resources (HR) colleagues across the globe.

In this role, you will:

  • Lead and/or support pension modelling work as required, in particular Pillar 2A and other stress testing deliverables such as annual Bank of England exercise, US Comprehensive Capital Analysis and Review (CCAR), Climate focused stress tests and other internal stress tests
  • Lead and/or support requirements for quantitative modelling from third party vendors; exercise of controls for data inputs (e.g. pension scheme asset and liability data) and onward communication of model outputs and their limitations
  • Support requirements for quantitative pension Risk Appetite modelling and reporting.
  • Lead and/or support key pension Management Information production and reporting from a central system including establishing the capability to report on pension plans climate exposure
  • Lead and/or support alternative funding/investment strategy work via Asset/Liability management (ALM)/modelling/scenario analysis
  • Support Internal Model Risk Governance, Independent Model Review and Internal Audit requirements and reviews
  • Lead and/or support global pension projects as needed to enhance governance and risk management practices around the globe with a focus on model monitoring, stress testing, capital and corresponding management of pension schemes globally
  • Help prepare papers on stress testing, modelling and capital for the Global Pension Risk Management Meeting (GPRMM), Pension Model Oversight Forum (MOF) and various Review and Challenge forums and other senior bank committees

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

  • Undergraduate degree in a numerate subject, such as Mathematics, Physics, Engineering, Finance or a related field.  Actuarial qualification preferred
  • Experience of numerical modelling and/or stress testing for defined benefit pension plans, in particular Pillar 2A capital and Bank of England stress testing approaches will be a major advantage
  • Experience with typical pension and other post-employment benefits, including their funding
  • Familiarity with risk management processes and approaches
  • Experience of working in ALM/Capital Management
  • Understanding of UK pension regulatory requirements & developments and challenges faced by the pension system
  • Understanding of Internal Capital Adequacy Assessment Process (ICAAP) requirements an advantage
  • Experience with platform PFaroe an advantage

The base location for this role is London.

You’ll achieve more when you join HSBC.

HSBC is 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. Personal data held by the Bank relating to employment applications will be used in accordance with our Privacy Statement, which is available on our website.

As a business operating in markets all around the world, we believe diversity brings benefits for our customers, our business and our people. This is why HSBC is committed to being an inclusive employer and encourages applications from all suitably qualified applicants irrespective of ethnicity, religion, age, physical or mental disability/long term health condition, marital status, sexual orientation, gender identity, gender expression, genetic information (including characteristics and testing), military and veteran status, and any other characteristic protected by local law in the jurisdictions in which we operate. Within the work place you will have access to various employee resource groups which aim to promote and achieve a healthy work / life balance and support our diversity ambitions.  HSBC has in place processes in order to avoid nepotism, which means to avoid creating circumstances in which the appearance or possibility of conflicts of interest may exist within the hiring process.

We want everyone to be able to fulfil their potential which is why we provide a range of flexible working arrangements and family friendly policies.

Recruitment Helpdesk: 
Email: hsbc.recruitment@hsbc.com 
Telephone: +44 2078328500

Extra information

Type of Contract
Graduate jobs
Profession type
Full UK/EU driving license preferred
Car Preferred
Must be eligible to work in the EU
Cover Letter Required

London | Accountancy jobs | Graduate jobs