We are currently seeking an ambitious individual to join our team as a Model Risk Analyst, working together with colleagues to define, manage and achieve divisional business targets.

Role Purpose

The role of Model Risk Analyst within the Model Management Team sits within the wider Retail Credit Risk Analytics function for the UK Wealth and Personal Banking (WPB) Risk Organisation. The role holder will report to the Head of Model Management, and have day to day responsibility for the core model risk management of models used within UK WPB Risk. The role holder will work as part of a team of analysts based in the UK and the Global Analytics Centre in India.   

The role holder will be responsible for contributing to activities such as the production of statistical model performance monitoring and realignments, completing regular model first line assessments, support of second line assessments and data quality report production. Non analytical elements to the role include the creation of governance forum documents, supporting the model risk owner with controls and issues management, engagement with the internal and external audit teams, and the assessment of compliance with regulation.   The scope of the models includes acquisition, behaviour and fraud scorecards for HSBC, first direct, Marks and Spencer Bank and John Lewis retail products (Mortgages, Credit Cards, Current Account/Overdrafts and Personal Loans). The role holder will be required to engage with multiple stakeholders across Credit Risk, Model Risk Management and the business at a UK and Global level within WPB.

The role holder will ensure work and models are managed to ensure compliance with group policies, adherence to relevant legislation and develop an in-depth understanding of the portfolio, people dynamics, economy and cultures.

In this role, you will:

• Analytical support for model risk management, including the production and review of data quality reporting, model monitoring, model realignments and model assessments for UK WPB Decision and Basel Models
• Investigation into and communication of model performance results
• Monitoring the adherence to model risk controls and regulatory compliance, and reporting issues for escalation
• Supporting the governance surrounding model risk, including presentations/taking minutes at relevant UK forums
• Contributing to the team’s continuous improvement plan, including moving reporting to the latest technologies and using innovative solutions to solve problems or deliver process improvements
• Support for internal and external audits
• Support for wider WPB and WPB Risk Projects

Requirements

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

• Strong written and spoken communication skills; an ability to communicate with impact, ensuring complex information is articulated in a meaningful way to senior management
• Knowledge of Retail Credit Cards, Mortgages, Loans and Overdrafts
• Role relevant qualifications, i.e. educated to degree level, preferably in a numerate subject
• Experience of using relevant software packages an advantage i.e. SAS/SQL/ Microsoft Office /Python/Qliksense

You’ll achieve more when you join HSBC