AVP - Market Risk - Investment Banking

Current hiring for a client based in Kolkata

Co Name: Leading Investment Banking MNc

Designation: AVP

Exp: 7+yrs

Role:

- The Models team reports into the Global Head of Models. The purpose of the role is to manage the end-to-end regulatory and in-house requirements to design, develop, validate and implement models. The scope of modelling covers Vanilla and Derivatives Pricing, Risk, Stress Testing, Margining and Netting. In doing so, the role will be required to embed Global Model Risk FIM, standards, processes and policies throughout the model development lifecycle. While meeting global and local regulatory requirements to develop or manage models, the role holder will be required to interface with a wide range of senior stakeholders across the Banks three lines of defence, project sponsors in Investments and Products Group and the regulators.

- Work with the GPB&W Models team to effectively manage model risks, increase model coverage and implement globally consistent model systems, standards, policies, processes, methodologies and governance in GPB entities across all regions.

- Engage with GPB stakeholders across all booking centres in identifying local regulatory issues, feeding these requirements into model design and ensuring compliance with model risk requirements. Developing and supporting solutions that can help to manage and steer credit portfolio management.

- Contribute to operations of the GPB&W Models team framework to maintain high global standards to meet regulatory requirements from PRA, HKMA, FINMA, MAS, CSSF, and OCC, amongst others. Identify areas of model conflict and collaborate on designing common solutions. Ensure scheduled and ad hoc files and reports are accurate, complete and valid. This also extends to administering other reporting initiatives including onboarding of all types of models into HSBC's global model inventory system (GMIS) for internal and regulatory supervision.