Must have

• SAS

• Python

• English

Requirements description

What you need to have to succeed in this role

• Significant experience in developing or reviewing Wholesale IRB models.
• Extensive knowledge of the Wholesale IRB modelling approach and applicable regulations from ECB or PRA or HKMA.
• Comprehensive knowledge of statistical model and scorecard development techniques.
• Detailed knowledge of Risk models, performance metrics and risks and associated issues.
• Very good programming skills (e.g. SAS, Python).
• Ability to present complex statistical concepts and results to non-technical audiences in a persuasive and compelling manner.

Offer description

Some careers shine brighter than others.

If you’re looking for a career that will help you stand out, join HSBC, and fulfil your potential. Whether you want a career that could take you to the top, or simply take you in an exciting new direction, HSBC offers opportunities, support and rewards that will take you further.

Your career opportunity

Model Risk Management (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.

Independent Model Validation is a specialist quantitative role within the Model Risk Management team responsible for carrying out independent validations of HSBC’s model landscape, to identify and communicate model limitations and issues.

Independent Model Validation provides independent challenge of a model’s underlying theoretical assumptions and limitations, its practical implementation, its live application, and business usage, providing stakeholders (including model users, senior management, audit, and regulators) with assurance that models and tools developed, maintained, and used within HSBC Group are fit for their intended purposes and are compliant with applicable internal and supervisory expectations. They will also review remediation plans and activities, undertake portfolio level reviews across model types and challenge the model owners on the appropriate application of relevant policy of models.

Your responsibilities

1. Conduct independent model validation of Wholesale IRB models (PD/LGD/EAD/Slotting), which are newly developed as part of IRB Repair program as well as perform validation of existing models.
2. Discuss Identified Model Risk Issues with Model Developers, Audit and Regulators.
3. Lead validations involving less experienced reviewers.