Assistant Manager - Credit Risk at KPMG India

, karnataka, India -

Full Time

Start Date

Immediate

Expiry Date

29 Jun, 26

Salary

0.0

Posted On

31 Mar, 26

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Credit Risk Management, Concentration Risk, Wholesale Lending, Securitisations, Non-Payment Insurance, Credit Default Swaps, Loan Sales, Transaction Management, Static Data Management, ESMA Reporting, Investor Reporting, Legal Due Diligence, Operational Risk, Financial Modelling, Analytical Skills, Communication

Industry

Business Consulting and Services

Description

About KPMG in India KPMG entities in India are professional services firm(s). These Indian member firms are affiliated with KPMG International Limited. KPMG was established in India in August 1993. Our professionals leverage the global network of firms, and are conversant with local laws, regulations, markets and competition. KPMG has offices across India in Ahmedabad, Bengaluru, Chandigarh, Chennai, Gurugram, Jaipur, Hyderabad, Jaipur, Kochi, Kolkata, Mumbai, Noida, Pune, Vadodara and Vijayawada. KPMG entities in India offer services to national and international clients in India across sectors. We strive to provide rapid, performance-based, industry-focused and technology-enabled services, which reflect a shared knowledge of global and local industries and our experience of the Indian business environment. Job Description · CCM is a first-line of defence function with the mandate to pro-actively manage the credit risk and concentration risk of HSBC’s wholesale lending portfolio. Through various activities, CCM helps the lending business to operate and grow prudently and profitably. CCM manages balance sheet utilisation and concentration risk by utilising securitisations, non-payment insurance, credit default swaps and loan sales to optimise capital and ensure capital preservation. · The CCM Middle Office is operationally responsible for transaction management and in life servicing of the Wholesale Credit and Lending Significant Risk Transfer and hedging instruments. A global team who manage balance sheets across multiple HSBC entities. Additional Tasks for job holder · CLOs o Monitor, investigate and remediate static data changes in the Reference Portfolio o Monitor, investigate and remediate missing data in the Reference Portfolio o Propose replenishment reference portfolio o Booking/flagging of securitised facilities / NPI / portfolio NPI to the extent this work has not been automated o Modelling and substantiation / reconciliation of Reimbursement Right Asset and Compensation receivable o ESMA reporting o Investor reporting o Internal reporting o Coordination of Legal Due Diligence o Manage Agreed Upon Procedures with Accountant (e.g. KPMG who independently verifies the data used for securitisation with source data from HSBC system output or facility agreements o Review transfer and confidentiality restrictions o Prepare the quarterly guarantee fee files for CCM-E approval o Managing claim process for defaults in the reference portfolio of securitisation transactions · Non-payment Insurance o Monitor credit memo / applications raised against facilities benefiting from NPI o Monitor facility-level information from facility agent and maintain data room with insurance broker o Send frequent reminder to Relationship Managers/Special Credit Unit of their ongoing disclosure obligations in relation to NPI o Reconciliation of NPI premium o Review transfer and confidentiality restrictions o Modelling and substantiation / reconciliation of Reimbursement Right Asset and Compensation receivable o Managing claim process for defaults in loans secured by NPI · Secondary Loan sales o Set up and maintain data rooms o Agree NDAs o Review loan transfer and confidentiality restrictions o Assist with closing and settlement tasks Knowledge and Experience · A solid understanding of banking regulations, especially around capital treatments and securitisation regulations · Knowledge around credit risk mitigation techniques (securitisations, credit insurance, credit derivatives) and loan products · Banking/Structured Finance, Markets background or Credit Portfolio Management experience · Excellent problem solving, organisational and analytical skills · Strong quantitative skills, ability to work on complex excel files and build financial models · Outstanding written / verbal communication and presentation skills · Strong organisational and time management skills · Strong interpersonal skills and able to build and maintain global relationships · Delivery-focused with ability to pay attention to detail and ensure tasks are completed on time and to the required levels of quality · Ability to construct clear and considered arguments · Proven ability to prioritise competing demands Risk, Controls, Conduct · Maintain a robust and efficient control environment to ensure good operational, financial and project management and compliance with HSBC policy and procedures, together with early identification and effective resolution or escalation of issues that arise · This will be achieved by consistently displaying the behaviours that form part of the HSBC Values and culture and adhering to HSBC risk policies and procedures, including notification and escalation of any concerns and taking required action in relation to points raised by audit and/or external regulators · The jobholder is responsible for managing and mitigating operational risks in their day to day operations. In executing these responsibilities, the Group has adopted risk management and internal control structure referred to as the 'Three Lines of Defence'. The jobholder should ensure they understand their position within the Three Lines of Defence, and act accordingly in line with operational risk policy, escalating in a timely manner where they are unsure of actions required · The jobholder will adhere to, and be able to demonstrate adherence to, internal controls and will implement the Group compliance policy by adhering to all relevant processes/procedures · The jobholder will implement the Group compliance policy by adhering to all relevant processes/procedures. The term 'compliance' embraces all relevant financial services laws, rules and codes with which the business has to comply · This will be achieved by adherence to all relevant procedures, keeping appropriate records and, where appropriate, by the timely implementation of internal and external audit points, including issues raised by external regulators. Through the implementation the Global AML, Sanctions and ABC Policies, supporting Guidance, and Line of Business Procedures the jobholder will make informed decisions in accordance with the core principles of HSBC's Financial Crime Risk Appetite · In executing these responsibilities, the job holder will be leading by example and embed a culture that demonstrates conduct values and behaviours in their day to day activities · The jobholder will be able to demonstrate the certifications and qualifications required to exercise the job mandate has been obtained Equal employment opportunity information KPMG India has a policy of providing equal opportunity for all applicants and employees regardless of their color, caste, religion, age, sex/gender, national origin, citizenship, sexual orientation, gender identity or expression, disability or other legally protected status. KPMG India values diversity and we request you to submit the details below to support us in our endeavor for diversity. Providing the below information is voluntary and refusal to submit such information will not be prejudicial to you.

Responsibilities

The role involves proactively managing credit and concentration risk for HSBC’s wholesale lending portfolio through activities like monitoring data changes, modeling assets, and managing reporting for securitized facilities and Non-Payment Insurance (NPI). Additional tasks include managing secondary loan sales setup, reviewing transfer restrictions, and coordinating with external auditors for verification processes.