HSBC - Senior Analyst/Manager - Decision Sciences - Wholesale IRB

Senior Analyst / Manager - Decision Sciences - Wholesale IRB

Skills/Experience Required:

- Minimum 2-5 years of experience of financial model validation/development experience in Risk Management in Wholesale domain

- Master's / Bachelor's degree in Mathematics/Statistics/Economic/Engineering/Computer Science/Management or any other quantitative fields of study

- Proficiency in SAS / R, Python MS Office tools like Excel & PowerPoint

- Proven expertise in using statistical algorithms for solving diverse business challenges and creating significant business value

- Candidate should have worked on wholesale AIRB/CCAR models and have basic understanding of Wholesale Model Development and Validation.

- Candidate should have basis understanding of different wholesale portfolios such as Corporate, NBFI's, SME, MME and Large and global enterprises etc. He/she should be able to validate models used for different regulatory perspective such as OCC/FRB, EBA Guidelines and PRA regulations.

- Candidate should have good understanding of various stress testing models such as CCAR/PRA (PPNR and Business Finance Models) and various other mandatory regulatory expectations for US such as OCC guidelines and OCC 11-7. Person should be familiar with concept of time series modelling and its use in different stress testing exercises.

- Enthusiasm for proactively seeking, exploring and developing use cases for new data and/or tools/wider industry trends

- Candidate should be able to go through vast range of documentation and come up with concise set of questions highlighting model risk in the model.

- Excellent written and verbal communication skills. Ability to develop and effectively communicate complex concepts and ideas

Global Business/Global Function - Sub-Function (MRM):

Model Risk Management ("MRM") is responsible for providing second line of defense for HSBC's model risk:

- Independently Validate & challenge models developed by first line of defense in accordance with MRM Policies & procedure

- Set policy, standards and guidelines for managing model risks;

- Provide advice and guidance to support those policies; and

- Review and challenge of the first line of defense model risk activities to provide assurance to the Model Risk Steward.

- Effectively challenge models and critical processes implemented for use across different HSBC legal entities and functions

- The MRM team consists of Model Risk Stewards, Model Risk Governance ("MRG"), Independent Model Review ("IMR"), and regional MRM teams.