HSBC
Senior Manager, Independent Model Validation
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About the Role
If you’re looking to take an exciting new direction with your HSBC career, an internal move can open the door to many opportunities, allowing you to take on a new challenge, and develop your skills. Bring your knowledge of our brand to a new role and grow yourself further.
We are currently seeking an experienced professional to join our team in the role of Senior Manager, Independent Model Validation.
About Model Risk Management (MRM) at HSBC
MRM at HSBC is structured as a global function, headed up by the Chief Model Risk Officer (CMRO). The MRM function reports directly to the Group Chief Risk and Compliance Officer (GCRCO) ensuring its independence from the model developing and owning areas of the firm.
MRM are the second line of defence (2LoD) for Model Risk and the CMRO is the global Model Risk Steward for the group and is also accountable for the global operation of the MRM function. MRM teams are based in each region, to ensure local subject matter expertise and to guide, review, and challenge. MRM activity is managed on a global basis as many models are used in multiple locations. This enables MRM to operate consistently and efficiently globally, and to take account of additional local regulatory requirements.
Responsibilities
In this role you will:
- Support the management of model risk across a large complex banking group.
- Manage multiple senior stakeholder relationships across the HSBC matrix.
- Manage model risk whilst significant transformational activity is being implemented, both regionally and globally.
- 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.
- Adopt a risk management and internal control structure, referred to as the Three Lines of Defence, to ensure it achieves its commercial aims while meeting regulatory and legal requirements and its responsibilities to stakeholders, customers and staff.
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Requirements
To be successful in this role you should meet the following requirements:
- Extensive knowledge of the Retail IFRS9 modelling approaches and the applicable regulations from European Banking Authority / European Central Bank or Prudential Regulation Authority or Hong Kong Monetary Authority.
- Comprehensive knowledge of statistical model and scorecard development techniques.
- Detailed knowledge of Risk models, performance metrics and risks and associated issues.
- Knowledge of local regulations and those of other country regulators would be an advantage.
- Experience with some statistical modelling software / programming language e.g. SAS, Python, R, Matlab, C++, VBA.
- Experience in model development or conducting independent model reviews.
- Experience of developing or reviewing models throughout the customer lifecycle.
- Excellent written and verbal communication skills, with proven experience managing and influencing senior stakeholders across global teams.
- Experience of presenting complex statistical concepts and results to non-technical audiences in a persuasive and compelling manner.
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Application Process
If you are an HSBC Contractor and wish to apply to this role, click here.
To support you with putting your best foot forward for our internal opportunities, you are invited to take advantage of our CV and Interview workshops, hosted by our Talent Acquisition team. To find out more and register to attend please click this link.
Being open to different points of view is important for our business and the communities we serve. At HSBC, we’re dedicated to creating diverse and inclusive workplaces. Our recruitment processes are accessible to everyone - no matter their gender, ethnicity, disability, religion, sexual orientation, or age.
We take pride in being a Disability Confident Leader and will offer an interview to people with disabilities, long term conditions or neurodivergent candidates who meet the minimum criteria for the role.
If you’d like to apply for one of our roles and need adjustments made, please get in touch with our Recruitment Helpdesk:
- Email: hsbc.recruitment@hsbc.com
- Telephone: +44 207 832 8500
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