SAS Developer - HSBC - Banking- 6 months - contract

  • Negotiable
  • London, England, United Kingdom
  • Contract, Full time
  • HSBC Bank plc
  • 28 Nov 17 2017-11-28

IFRS 9 is the new accounting standard dealing with financial instruments accounting. The largest change proposed by IFRS 9 is the introduction of an expected loss impairment model


IFRS 9 is the new accounting standard dealing with financial instruments accounting. The largest change proposed by IFRS 9 is the introduction of an expected loss impairment model. The IFRS 9 Programme, managed by Group Finance Change, was established to deal with these changes and enable HSBC to report under the new requirements from the effective date of 1 January 2018. The Wholesale & Retail Impairments workstream within the Programme is managed by the IFRS9 Programme Delivery team, and responsible for the delivery of Wholesale and Retail impairment models, data, systems and process. This includes the delivery of a Wholesale and Retail impairment calculator based on SAS, which will be jointly developed by Risk Analytics and IT team.

The role is required to deliver SAS IFRS 9 Impairment calculator, from detail design up to implementation of the calculator in Live environment. Responsibilities include the development of SAS IFRS 9 execution, data validation and management information processes. This will involve development in standard SAS tools including Data information studio and visual statistics/ analytics and integration with Big Data technology. This analyst role is also expected to support detailed design and testing (both functional and user acceptance testing). This will require co-ordination of multiple work streams across relevant Risk & Finance HOST and business teams.

The role holder will be reporting to the IFRS 9 SAS Delivery Manager within HGHQ IFRS9 Programme.




Principal Accountabilities:



Key activities and decision making areas



Typical KPIs and Targets


Key Areas of Accountability: Change the Bank

  • Perform the development (coding) documentation and implementation of stress testing models with SAS toolset for WS & Retail Credit Risk tool, covering: technical design and documentation, coding of the component, testing of the component
  • Supporting testing and overall delivery of the solution by working together with the SAS Delivery Manager and other suppliers (e.g. IT).
  • Ensure the use of SAS toolset reduces lead time to delivery and aligns to overall Group strategic direction so that cross-functional development is usable.
  • Design should help embed standard processes, systems and operational models into the BAU approach for end-to-end execution of stress tests, enabling the organisation to leverage HSBC's global economies of scale
  • Ensure that the delivered SAS solution follows robust, industrialized procedures and meet the required audit and SOX requirement applicable to IFRS 9


Customers / Stakeholders

  • Build trusting partnerships with Project sponsors, Group Risk Types, Group Finance, Group Risk Strategy, Regional and Country Banking Risk function and the PMO
  • Proactive engagement with group and regional IT teams and change teams to seek clarity on requirement and design, and to support testing
  • Effectively understand and manage Sponsor and Stakeholder expectations, implementing change while minimising conflicts and communicating achievements


Leadership & Teamwork

  • Responsible for delivering SAS component working with multiple teams and geographies, therefore the role holder must be highly skilled in teamwork, to drive his/her own and the team's approach and standards
  • Develop high performance standards in SAS toolset to ensure the that IFRS 9 solution uses best-in-class, robust solution appropriate for IFRS 9 operational, audit and SOX needs
  • Collaborate with other Group functions, Regional teams to ensure effective working relationships
  • Proactive identification of risk and issues impacting the successful delivery of the SAS calculator solution, and drive to resolve or escalate accordingly


Operational Effectiveness & Control

  • Ownership of minimum SAS development standards for IFRS 9 SAS testing activities to ensure strong, repeatable and consistent SAS processing
  • Ensure due observance of HSBC Internal Control Standards and Group Compliance Policy as part of the SAS calculator design and implementation








Major Challenges (The challenges inherent in the role that require a continual test of the role holder's abilities)


  • Ability to review and contribute to solution decision and systems plans while maintaining a strong working relationship with the teams involved
  • Structured approach and flexibility to work across multiple disciplines is essential
  • Effective management of time to work across multiple disciplines, timezones, etc
  • Sensitivity to Cultural diversity and ability to dynamically adapt interpersonal style to build effective relationships
  • Capacity to articulate best practice in SAS, to move the culture from a "sharing of best practices" to one of having fit for purpose minimum standards
  • Need to build end to end understanding of IFRS 9 process, from data sourcing to impact on the financial numbers
  • Excellent understanding of delivery management and SAS toolset.
  • Driving towards results and managing multiple priorities
  • Streamline the expected loss computation across many products types.


Role Context (The environment and operating conditions of the role including the extent of guidance and authority)


  • The jobholder works as part of a team of people in the IFRS9 Programme and has high level of flexibility to consult with Senior Management (especially with WS, RBWM, Risk and Finance) at Group and Regional level. The jobholder will need to have the ability to work alongside and garner the support of management and staff at all levels and across Group, Regional and Specialist teams across the Group and dependent upon the focus of the initiative.





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