Kowloon City, Kowloon, Hong Kong
1 day ago
Senior Manager, Independent Model Review - Risk and Compliance

Some careers have more impact than others.

If you’re looking for a career where you can make a real impression, join HSBC and discover how valued you’ll be. 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.

Risk and Compliance is a global function that brings together all aspects of regulatory and financial crime risk management. Acting as risk stewards, and incorporating a range of specialist teams, we work together with the business and leverage advanced technology to help HSBC navigate a complex regulatory landscape and embed a sustainable approach to compliance risk management that supports safe growth and ensures fair outcomes for clients. Compliance aspires to continuously raise the bar and set leading standards across the industry to help HSBC safeguard its customers and the communities within which it operates.

We are currently seeking a high calibre professional to join our team as a Senior Manager, Independent Model Review.

Principal Responsibilities

In this role you will

Undertake model validation activities as dictated by the Global Model Risk Policy including the assessment of; model inputs, calculations, reporting outputs, conceptual soundness of the underlying theory and the suitability of the use for its intended purpose, relevance and completeness of data, qualitative information and judgements, documentation, and implementation of the modelProvide written reports detailing the results of validations highlighting issues identified during the validationValidate remediation activities completed by the ILOD to ensure appropriate resolution of identified issuesWork with relevant stakeholders to embed new Global Model Risk Policies and ProceduresProvide model users, model owners, senior management, audit, and regulators (across 1LOD, 2LOD, 3LOD) with confidence that the models and tools developed, maintained, and used within the Group are compliant with internal and regulatory expectations and fit for the intended purposeParticipate at Governance Forums as required

Some careers have more impact than others.

If you’re looking for a career where you can make a real impression, join HSBC and discover how valued you’ll be. 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.

Risk and Compliance is a global function that brings together all aspects of regulatory and financial crime risk management. Acting as risk stewards, and incorporating a range of specialist teams, we work together with the business and leverage advanced technology to help HSBC navigate a complex regulatory landscape and embed a sustainable approach to compliance risk management that supports safe growth and ensures fair outcomes for clients. Compliance aspires to continuously raise the bar and set leading standards across the industry to help HSBC safeguard its customers and the communities within which it operates.

We are currently seeking a high calibre professional to join our team as a Senior Manager, Independent Model Review.

Principal Responsibilities

In this role you will

Undertake model validation activities as dictated by the Global Model Risk Policy including the assessment of; model inputs, calculations, reporting outputs, conceptual soundness of the underlying theory and the suitability of the use for its intended purpose, relevance and completeness of data, qualitative information and judgements, documentation, and implementation of the modelProvide written reports detailing the results of validations highlighting issues identified during the validationValidate remediation activities completed by the ILOD to ensure appropriate resolution of identified issuesWork with relevant stakeholders to embed new Global Model Risk Policies and ProceduresProvide model users, model owners, senior management, audit, and regulators (across 1LOD, 2LOD, 3LOD) with confidence that the models and tools developed, maintained, and used within the Group are compliant with internal and regulatory expectations and fit for the intended purposeParticipate at Governance Forums as required

To be successful you will need

Extensive knowledge of the Retail IFRS9 modelling approaches and the applicable regulations from EBA/ECB or PRA or HKMAComprehensive knowledge of statistical model and scorecard development techniques. Experience with some statistical modelling software / programming language e.g. SAS, Python, R, Matlab, C , VBADetailed knowledge of Risk models, performance metrics and risks and associated issuesExperience of in model development or conducting independent model reviewsExperience of developing and reviewing models throughout the customer lifecycle and presenting recommendations to Senior ManagementMaster’s or PhD degree in a quantitative discipline like Financial Mathematics, Statistics, Econometrics, Quantitative Finance, Economics or Engineering

Opening up a world of opportunity
www.hsbc.com/careers

HSBC is committed to building a culture where all employees are valued, respected and opinions count. We take pride in providing a workplace that fosters continuous professional development, flexible working and opportunities to grow within an inclusive and diverse environment. Personal data held by the Bank relating to employment applications will be used in accordance with our Privacy Statement, which is available on our website.

Issued by The Hongkong and Shanghai Banking Corporation Limited.

To be successful you will need

Extensive knowledge of the Retail IFRS9 modelling approaches and the applicable regulations from EBA/ECB or PRA or HKMAComprehensive knowledge of statistical model and scorecard development techniques. Experience with some statistical modelling software / programming language e.g. SAS, Python, R, Matlab, C , VBADetailed knowledge of Risk models, performance metrics and risks and associated issuesExperience of in model development or conducting independent model reviewsExperience of developing and reviewing models throughout the customer lifecycle and presenting recommendations to Senior ManagementMaster’s or PhD degree in a quantitative discipline like Financial Mathematics, Statistics, Econometrics, Quantitative Finance, Economics or Engineering

Opening up a world of opportunity
www.hsbc.com/careers

HSBC is committed to building a culture where all employees are valued, respected and opinions count. We take pride in providing a workplace that fosters continuous professional development, flexible working and opportunities to grow within an inclusive and diverse environment. Personal data held by the Bank relating to employment applications will be used in accordance with our Privacy Statement, which is available on our website.

Issued by The Hongkong and Shanghai Banking Corporation Limited.

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