Simona Brucoli
About Simona Brucoli
Simona Brucoli serves as the Director of Wholesale Impairment, Climate & Stress Testing at HSBC, where she has worked since 2018. She has extensive experience in risk management, having held various roles at HSBC, including Stress Testing and IFRS 9 Lead, and Head of Customer Conduct in Global Risk Analytics.
Current Role at HSBC
Simona Brucoli serves as the Director of Wholesale Impairment, Climate & Stress Testing at HSBC. In this role, she has been responsible for leading the climate risk Expected Credit Loss (ECL) impact assessment. She also provides second line risk oversight of climate stress testing impairment forecasting results. Additionally, she oversees the internal control framework and manages risks associated with IFRS9 ECL forecasts across various HSBC sites.
Previous Positions at HSBC
Prior to her current position, Brucoli held several roles at HSBC. She was the Stress Testing and IFRS 9 Lead from 2017 to 2018, where she focused on stress testing methodologies. Before that, she served as the Head of Customer Conduct in Global Risk Analytics Regulatory Compliance from 2016 to 2017. Additionally, she worked as a Risk Manager in Global Risk Analytics, focusing on Wholesale Credit and Market Risk from 2011 to 2015.
Education and Expertise
Simona Brucoli earned a Master of Science (MS) in Economics and Finance from Universitat Pompeu Fabra, completing her studies from 2005 to 2006. Her educational background provides a solid foundation for her expertise in risk management and financial analysis, particularly in the context of stress testing and regulatory compliance.
Methodology Development for Scenario Analysis
In her current role, Brucoli is responsible for defining the methodology for scenario analysis. This involves simulating and assessing the impact of various economic scenarios, such as Brexit and the Coronavirus pandemic, on bank capital and IFRS9 expected credit losses. Her work is crucial in understanding the financial implications of these scenarios on the organization.