Description of Role

- Global Analytics Centre (GAC) within HSBC data Processing India Ltd provides analytics support to various group businesses and functions under HSBC Group.

- Typical deliverables include data analysis, providing analytics insights, model development, validation, calibration, strategy development, monitoring and reporting, information management and business intelligence.

- The deliverables form the basis for strategic planning by the senior management for businesses and enables effective decision making to satisfy business needs and requirements along with addressing unforeseen challenges

- GAC - Regulatory Risk Analytics, Wholesale Credit and Market Risk (WCMR) department within GAC is an extended team of Group - Regulatory & Risk Analytics for Wholesale Credit & Market Risk portfolio across Group & Region to provide analytical support in Model Development & Implementation, Model Validation & Monitoring.

- The Analyst / AM - Decision Sciences, Wholesale Credit and Market Risk Model Validation role is responsible for providing necessary analytical support in meeting the regulatory requirements on model risk management & governance.

- This role is primary responsible for implementing the validation and monitoring standards of all types of models for traded risk measurement for HSBC Group and Regions.

- In addition to model validation and monitoring, this role is responsible for providing analytical support in all regulatory and functional requirements regarding model risk.

- Provide support in improving process efficiency through process re engineering and automation.

- Ensure compliance with audit requirements by performing audit checks as required by process in line with business process requirements and consistent with HSBC Group and Company policies and standards.

Principal Accountabilities: Key activities and decision making areas

- Functionally drive the validation methodologies and design the global validation framework

- Engage with businesses to manage model risk.

- Attention to time schedule, participate in panel meetings and discussion with business experts, write quality and comprehensive documentation.

- Maintain HSBC internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators.

- The job-holder's responsibilities cover the model validation of all models included in the Traded Risk function

Customers / Stakeholders

- Group and Regional stakeholders in RRA, WCMR space covering:-

- WMR RRA Model Validations Team across Group and Regions

- Regulatory and Risk Managers in WMR IT, Independent Review, Model Performance Review Panel

- CMB, Global Banking and Global Markets business lines

Leadership & Teamwork

- Promote collaboration with Group and Regional teams to achieve business objectives

- Engage with senior management, model owners and model sponsors as well as model reviewers and approvers.

- Participate in global initiatives as well as cross-risk projects

Major Challenges (The challenges inherent in the role that require a continual test of the role holder's abilities)

- Risk analytics is highly technical and fast-developing owing to the regulatory pressure of Basel 2, 2.5 and 3 and the level of competition in financial markets, which demands ever more accurate and reliable measures of risk.

- The current market conditions, in particular, imply significant changes with regard to the understanding of the risk factors underlying different portfolios.

- The jobholder must maintain a good understanding and be capable of adopting new approaches and be able to explain them to non-technical counterparts. The jobholder needs to demonstrate an expertise in highly technical areas (e.g. statistical analysis, stochastic calculus) as well as deep understanding of credit business and global market products. Good understanding of market risk and traded credit risk would be an advantage.

- Many Global wholesale portfolios are low default portfolios for which default/loss data are scarce. This requires the jobholder to be able to propose unconventional solutions that help to overcome these natural limitations. Owing to the global scarcity of analytics resources, the jobholder will be subject to the ongoing pressure of deadlines for project completion.

- The role has global reach through the scope of risk models provided to the business. The jobholder is required to work in an environment of significant ambiguity with autonomy, dealing with major issues for which there is no clear solution whilst still being able to provide judgment and clear direction. The jobholder is expected to demonstrate a high level of technical and managerial expertise.

- Observance of Internal Controls (Compliance Policy / FIM requirements)

- Maintains HSBC internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators.

Role Dimensions (e.g. balance sheet size, lending/expenditure limits, size/volume of transactions, budget. in USD- 000)

- The job-holder's responsibilities cover the model Validation and Monitoring of all models in the Traded Risk Portfolio across Group

Total:

- Knowledge & Experience / Qualifications (For the role - not the role holder. Minimum requirements of the role.)

Qualifications

- Masters in any of the following fields:-

- Economics/Engineering (or B-tech with relevance experience)

- Stats/Maths,MS / MBA in Finance

Experience

- Minimum 1 years of professional experience in analytical process

- Understanding of regulatory implications and relevanc

Skills

- Highly focused on project delivery, attention to detail

- Excellent written and verbal communication skills

- Strong collaborative, influencing and team building skills

- Strong analytical and problem solving skills, open minded, flexible, pragmatic

- Good estimating and planning skills

- Enthusiastic, displaying energy, drive and stamina

- Willing to work with colleagues in other areas/timezones where appropriate

- Open personality and effective communication skills, ability and flexibility to work in an international team

- Ability to write clear and understandable documents

This job opening was posted long time back. It may not be active. Nor was it removed by the recruiter. Please use your discretion.