Independent Model Review - To work as part of the IMR function in the delivery of Model validation - Independently review the models being assigned, fully understand the model theory, model assumption, and validate the model building, build challenger models, provide challenge on the model performance etc. - Effectively corroborate business intuition and expertise with the theoretical framework applied/ results derived from the models. - Develop independent challenger models to validate the model implementation correctness and identify the model shortcoming, assumptions, limitations - Communicate the model review findings to model developer and owners. Ensure model limitations are correctly identified, understood, and managed - Write high quality model validation reports, including conclusion, recommendation, detail analysis in model theory, formula, and testing - Participate in model control, governance, and monitoring. Assist in reporting requirements, producing detailed updates for Model Oversight Committees, Senior Internal Stakeholder Groups and Regulators - Work with Senior Managers across IMR to build relationships with Model Developers / Owners. - Lead a team of junior analysts (for GCB 5+ roles) and be responsible for team management/ project management and provide guidance/coaching across multiple projects. - Work on long term strategic team objectives like process improvement, contribution in strategic training programs, productivity enhancement etc. Job Description: - Below are some of the indicative skills set required for the job: - Master- s/PhD degree in Mathematics/Statistics or any other quantitative domain. - Must have proven experience of financial modeling experience in Validation/Development of quantitative models. - Strong understanding of statistical concepts used in Credit risk modeling (For Credit team) or Strong knowledge of financial instruments in one or more asset class like Equity, Interest Rates, FX or Credit. (For Markets team). Worked on actuarial or insurance models (for actuarial roles) - Good knowledge of regulatory regulations like Basel, CCAR/DFAST, PRA, SR11-7, IFRS9, CECL etc. - Strong working knowledge of one or more statistical and mathematical programming languages (for e.g. R, SAS, Python, MATLAB) - Understanding of risk measures like VaR, Expected Shortfall etc. (For Market Risk) - Must have worked on one or more of the following areas: Derivative Pricing Models, Traded Risk models, Product Control, VaR. - In depth understanding of financial mathematics including Stochastic Calculus, Asset Pricing, Numerical methods, probability theory, time series analysis (For Market Risk) - Good communication skills in a professional setting - Knowledge of programming skills in one or more of C/C++, VBA, R, SAS, Matlab, Python is a plus - Professional qualification like CFA, FRM, CQF, qualified actuaries - Speaking /Presentation in a professional setting.

Bangalore

HSBC - Assistant Manager - Independent Model Review 

HSBC - Assistant Manager - Independent Model Review  ,Job Description for HSBC - Assistant Manager - Independent Model Review  in HSBC in  Bangalore for (1-5) years of experience. Apply Now!

Job Description for HSBC - Assistant Manager - Independent Model Review  in HSBC in  Bangalore for (1-5) years of experience. Apply Now!