Job title: Associate Director, Group Risk Economics
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.
HSBC is one of the largest banking and financial services organizations in the world, with operations in 62 countries and territories. We aim to be where the growth is, enabling businesses to thrive and economies to prosper, and, ultimately, helping people to fulfil their hopes and realize their ambitions.
We are currently seeking an experienced professional to join our team in the role of Associate Director, Group Risk Economics.
In this role, you will:
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Leading the 2LoD review and challenge response across stress testing and scenario exercises, assessing the relevance and coherence of scenario themes and design, calibration, severity and plausibility. Coordinate the assessment of scenario macroeconomic variables (MEVs) to ensure scenarios are analytically robust, internally consistent, and appropriate for Risk stakeholders.
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Remain informed of regulatory stress testing requirements and ensuring that scenarios remain consistent with those approaches and standards. Produce forward-looking economic analysis and translate it into clear, decision-ready insights for Risk and wider bank stakeholders. Monitor and interpret key macro data releases and market signals; summarize what’s changed and why it matters.
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Support the production and coordination of high-quality executive materials (packs, dashboards, committee papers, briefings and talking points) for senior forums (e.g., GRMM, GRC and other management committees), ensuring clear messaging, traceable data, and adherence to templates and governance requirements. Manage day-to-day stakeholder coordination across Finance and Risk and Compliance for stress testing and enterprise reporting cycles, chasing inputs, and escalating blockers to ensure timely approvals and sign-off.
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Draft and maintain clear reporting and governance documentation (methodologies, definitions, process notes, control evidence) to support internal governance, audit readiness, and regulatory responses. Deliver day-to-day activities through a small, flexible team, translating priorities into workplans, managing capacity, and adapting to changing demands while maintaining quality and timelines.
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Manage planning and performance tracking, deliver strategic objectives through milestones and measurable outcomes; maintaining dashboards; and reporting progress against plan, balancing strategic priorities with mandatory regulatory, policy and control commitments.
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Coordinate stakeholder engagement and communications, acting as a point of contact, coordinating inputs and decisions, tracking actions, and producing clear briefings and decision papers tailored to technical, business and senior audiences.
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Operationalize horizon scanning, maintaining emerging risk/themes logs, consolidating internal and external inputs, and providing concise, evidence-based insights with recommended actions/escalations.
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Where relevant, embedded risk in transformation and change, engaging early in design, ensuring control requirements and dependencies are understood, and tracking mitigations and approvals through governance.
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Support regulatory and assurance activity, coordinating information requests, maintaining evidence/audit trails, managing issue/action trackers, and driving closure of audit points and management self-identified issues.
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Support people and talent activities, including onboarding, coaching, performance-cycle inputs, and (where required) recruitment/succession actions that strengthen engagement, wellbeing, diversity and inclusion.
To be successful you will:
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Substantial economist experience with strong understanding of forecasting and scenario design and generation processes. Strong analytical, quantitative and research capability, with a track record of producing high-quality written analysis and documentation on economic issues and translating complex data into clear, actionable implications for senior decision-makers. Technical skills and numeracy, including experience using Excel, Python and/or similar tools to develop analytical outputs and presentation materials.
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Strong understanding of HSBC’s risk management context, commercial environment and strategic ambitions, alongside knowledge of financial institution business models, products and key risk drivers. Knowledge of the regulatory landscape, with the ability to assess the impact of proposed regulatory changes, particularly those affecting risk management. Strong stakeholder management skills with proven experience, building effective relationships and collaborating across multiple teams, functions and level of seniority. Capable and confident to provide expert advice and robust challenge.
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Role-model HSBC’s ‘How We Lead’ framework, building a high-performance, high-care culture to deliver better outcomes for customers, colleagues and stakeholders. Rapidly understand complex technical issues (without being the SME) and translate them into clear, decision-useful insights. Produce Board/Executive-ready written materials and risk MI with strong attention to detail and quality control.
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Communicate complex concepts clearly and persuasively to non-technical audiences, tailoring messages to stakeholder needs. Operate as a collaborative, constructive change agent, challenging the status quo diplomatically to enable safe growth. Navigating: understand and translate strategy into own Function, aligning directions accordingly.
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Aspiring: be ambitious about providing the highest standards of delivery and embedding the culture in the business. Driving: set stretching goals for self and business delivering them with courage and tenacity.
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Mobilizing: authentically engage with team, colleagues and business partners to deliver at pace. Sustaining: make considered decisions that protect and enhance HSBC values, reputation and business.
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Support the management of risk across a large complex banking group. Manage multiple senior stakeholder relationships across the HSBC matrix.
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Represent HSBC with external parties including Auditors and Regulators. Manage risk whilst significant transformational activity is being implemented, both regionally and globally.
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Operate and influence within a changing and rapidly developing regulatory environment. Continually support HSBC's approach to conduct and cultivate a positive risk-aware culture, which is designed to ensure we deliver fair outcomes for our customers and do not disrupt the orderly and transparent operation of financial markets.
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Maintain awareness of operational risk and minimize the likelihood of it occurring, including its identification, assessment, mitigation and control, loss identification and reporting in accordance with the HSBC risk management. Adopt a risk management and internal control structure, referred to as the Three Lines of Defense, to ensure it achieves its commercial aims while meeting regulatory and legal requirements and its responsibilities to stakeholders, customers and staff. All staff must familiarize themselves and always adhere with the role and supporting responsibilities they play in the Three Lines of Defense.
You’ll achieve more at HSBC
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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 work and opportunities to grow within an inclusive and diverse environment. We encourage applications from all suitably qualified people 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. 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.
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