Manager - MR Quant/CR Quant - BFSI

Key Accountabilities :

- To work as part of the IMR function in the delivery of Model appraisals;

- Responsible for model review on the following areas : Global Markets Front Office valuation and hedging models, market risk model and counterparty risk models, Balance Sheet Management models, Asset Liability Management models, HSBC Security Service (models for Hedge Fund Admin), Asset management models

- Independently review the models being assigned, fully understand the model theory and model assumption, and verify the formula derivation

- 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

- Lead a team of junior analysts and be responsible for team management/ project management and provide guidance/coaching across multiple projects

- Work with Senior Managers across IMR to build relationships with Model Developers / Owners.

Skills/ Experience Required :

- Master's degree in Mathematics/Statistics/Finance/Economics/Computer Science/Engineering, or other quantitative fields. Bachelor's degree from top schools in the above area with exceptional academic records and strong knowledge in financial modeling may also apply

- At least 8+ years of experience in the financial/banking industry

- Must have 8+ years of financial modeling experience in one or more financial products like Equity, Interest Rates, FX or Credit

- Must have one or more of the following areas: Derivative Pricing Models, Traded Risk models, Statistical Models

- Must have background in financial mathematics knowledge such as stochastic calculus, numerical methods, probability theory, regression, time series analysis

- Knowledge of programming skills in one or more of C/C++, VBA, R, SAS, Matlab, Java

- Experience of conducting independent model reviews is a plus

- Fluency in English both spoken and written