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.
Model Risk Management (MRM) at HSBC is structured as a global function, headed up by the Chief Model Risk Officer (CMRO). The MRM function reports directly to the Group Chief Risk and Compliance Officer (GCRCO) ensuring its independence from the model developing and owning areas of the firm. MRM are the second line of defence (2LoD) for Model Risk and the CMRO is the global Model Risk Steward for the group and is also accountable for the global operation of the MRM function. MRM teams are based in each region, to ensure local subject matter expertise and to guide, review, and challenge. MRM activity is managed on a global basis as many models are used in multiple locations. This enables MRM to operate consistently and efficiently globally, and to take account of additional local regulatory requirements. We are currently seeking an experienced individual to join this team in the role of Director, Model Data Validation Lead.
In this role, you will:
- Leading data validations to assess the quality of data used for Wholesale Credit Risk PD/LGD/EAD Model Development from a second line of defence (2LOD) perspective
- Leading the development of the Python codes library that would be used to create statistical analyses and tests required to assess the quality and performance of the Credit and Market Risk models used within the Bank (with a particular emphasis on Wholesale Credit Risk PD/LGD/EAD Models)
- Critical assessment of the statistical tests that are to be incorporated in the library
- Leading improvements of existing codes and report creation tools
- Leading enhancements to data flows across systems used in the bank and processes to drive efficiency across the model life cycle
- Deliver timely and accurate reports and solutions to support the management of model risk
- Lead analytical and highly quantitative change projects to enable first line of defence (1LOD) to manage model risk efficiently and effectively.
