Job description

GCB4 - Senior Manager, Independent Model Review

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 Risk is a thriving and expert risk management function supporting HSBC globally with all aspects of risk management. The team actively manages a varied and dynamic range of risk types, including security, fraud, information security, contingency, geopolitical, operational, credit, pension, insurance, financial crime and regulatory compliance, market and reputation risks. All parts of the Global Risk team use their skills, insight and integrity to handle established threats and those they see emerging, acting to protect and enable HSBC to deliver sustainable growth.

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.

We are currently seeking an experienced individual to join this team in the role of Senior Manager, Independent Model Review.

HSBC is a globally and systemically important financial institution. Models underpin all key activities of HSBC Group and model risk management is an important and increasing area of strategic and regulatory focus across the world.  With continued and increasing focus on the management of model risk within financial institutions, model risk management functions play a key role in setting standards and in the assessment of inherent and residual model risks in increasingly complex and fast moving markets.

In this crucial role, you will support the Regional Head of Model Risk Management in the implementation and co-ordination of a global vision and strategy for Independent Review.  This includes responsibility for the following key aspects:

• Independent review policy and framework;
• Independent oversight of all risk models;
• Independent review of Wholesale and Retail credit risk models across the region, including global models within HSBC UK in accordance with Regulatory requirements, GMO guidelines & FIM;
• Keeping the Model Oversight Committees (MOC) updated on model review work and providing support on model approval;
• Responsible for implementation of policy cascaded from Group Risk.

Requirements

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

• A SME level of knowledge in one or more of the following areas: IRB, IFRS9, Stress Testing and Scenario Analysis models, – this is essential;
• Ability to communicate complex technical modeling issues and deliver credible feedback to senior stakeholders is essential;
• Comprehensive knowledge of statistical model and scorecard development techniques is essential;
• Experience of presenting recommendations to Senior Management is essential;
• Strong and broad technical expertise encompassing modeling of various product types and jurisdictions is essential;
• Detailed knowledge of internal procedures and local regulations and those of other country regulators is essential;
• Detailed knowledge of Credit Risk models, performance metrics and risks and associated issues is essential;
• Experience with some statistical modelling software / programming language e.g. SAS, Python, R, Matlab, C++, VBA is essential;
• Experience of developing Credit Risk models throughout the customer lifecycle is preferred
• Experience of conducting independent model reviews is preferred;
• Evidence of successfully defining and shaping rigorous governance frameworks is preferred
• Educated degree level in a discipline such; Financial Mathematics, Statistics, Econometrics, Quantitative Finance, Economics or Engineering or equivalent experience .
                                                   

The base location for this role is Birmingham but will consider other locations in UK (with the exception of London).

You’ll achieve more when you join HSBC.

At HSBC we look to enable our employees to better balance their work / life priorities and have the flexibility required to meet challenging needs as they progress through different life stages. Where possible we will consider the following flexible working options: part-time working, job sharing, term-time working, and working from home and staggered hours. If in considering a role with HSBC you have a need for some flexibility in your working arrangements please discuss this with the recruitment team in the early stages of the application process.

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.