Model Development Manager - Strategic Planning & Stress Testing : 0000FYUR 

Description

Model Development Manager - Strategic Planning & Stress Testing - 0000FYUR

Some careers open more doors than others.

If you’re looking for a career that will unlock new opportunities, join HSBC and experience the possibilities. Whether you want a career that could take you to the top, or simply take you in an exciting new direction, HSBC offers opportunities, support and rewards that will take you further.

Global Finance is integral to HSBC’s purpose and strategy, playing a valued role in managing costs and deploying capital in the most effective way. Our global team of finance professionals partner with the business to provide trusted insights and forward looking analysis, accuracy, efficiency, and control to frame and influence business decisions.

As an HSBC employee in the UK, you will have access to tailored professional development opportunities and a competitive pay and benefits package. This includes private healthcare for all UK-based employees, enhanced maternity and adoption pay and support when you return to work, and a contributory pension scheme with a generous employer contribution.

The Strategic Planning and Stress Testing (SP&ST) Execution team ensures that stress testing and forecasting is executed and implemented across the group in line with best practice for strategic decision-making, compliance with global and local regulatory requirements, and meeting enterprise-wide stress testing needs.

We are currently seeking an experienced individual to join this team in the role of Model Development Manager - Strategic Planning & Stress Testing.

In this role, you will:

• Develop, validate, and maintain Valuation in Resolution (ViR) Val 2 models and methodologies , ensuring the models comply with Model Risk Management (MRM) policies
• Have ownership of; model methodology and frameworks, python based model code, database structures and data upload methodologies, Model development test scripts (including UAT testing materials), and model documentation and supporting materials
• Ongoing maintenance of the model including assessment of the fitness of purpose under different market conditions, when system changes are implemented and when data sources are updated
• Effectively engage with stakeholders including SP&ST, Risk, Internal Model Review (IMR), MRM and Regions, ensuring they understand the model methodology and outputs
• Ongoing monitoring of the key model limitations and overall model performance based on IMR

Qualifications

To be successful in this role you should meet the following requirements:

• Hands on experience with, Wholesale and Retail Loan model development / validation, IFRS9 impairment model development / validation, Stress Testing model development / validation
• Knowledge in programming in Python, SAS, VBA, R, MATLAB
• Knowledge of cashflow modelling
• Understanding of model governance and controls

• Ability to lead, manage and successfully deliver projects, within an agreed time scale, in liaison with all relevant stakeholders
• Good understanding of statistics and familiarity with sophisticated tools for numerical analysis
• Manages self to deliver own work within timelines and prioritise competing demands
• Ability to organise presentations, trainings, workshops and to drive negotiations with senior management
• Ability to write clear and understandable documents

• Relevant working experience in a bank, rating agency, consultancy or advisory firm
• Previous experience of Valuation in Resolution (desirable)
• Good knowledge of wholesale or retail credit business, products and models (desirable)
• MSc and / or Ph.D. in a quantitative or technical field such as Statistics, Mathematics, Physics, Operational Research, Computer Science or equivalent experience

The base location for this role is 8 Canada Square, London.

You’ll achieve more when you join HSBC.

HSBC is committed to building a culture where all employees are valued, respected and opinions count.  We take pride in providing a workplace that fosters continuous professional development, flexible working and opportunities to grow within an inclusive and diverse environment. Personal data held by the Bank relating to employment applications will be used in accordance with our Privacy Statement, which is available on our website.

As a business operating in markets all around the world, we believe diversity brings benefits for our customers, our business and our people. This is why HSBC is committed to being an inclusive employer and encourages applications from all suitably qualified applicants irrespective of ethnicity, religion, age, physical or mental disability/long term health condition, marital status, sexual orientation, gender identity, gender expression, genetic information (including characteristics and testing), military and veteran status, and any other characteristic protected by local law in the jurisdictions in which we operate. Within the work place you will have access to various employee resource groups which aim to promote and achieve a healthy work / life balance and support our diversity ambitions.  HSBC has in place processes in order to avoid nepotism, which means to avoid creating circumstances in which the appearance or possibility of conflicts of interest may exist within the hiring process.

We want everyone to be able to fulfil their potential which is why we provide a range of flexible working arrangements and family friendly policies