Some careers have more impact than others.
if you're looking for a career where you can make a real impression, join gsc hsbc and discover how valued you'll be.
we are currently seeking an experienced professional to join our team in the role of
*assesor regional model risk governance & risk stewardship*
*role purpose*:
model risk management (mrm), part of global risk & compliance, is responsible for providing second line of defence for hsbc's model risk.
model risk management comprises of five key areas, led by the chief model risk officer:
- independent model review - independently reviewing and (re)validating models and methodologies across functions and risk types within the bank.
- model risk governance - setting the firm's model risk policies and standards as well as ensuring that model risk is managed within the approved tolerance levels.
- regulatory standards and quality assurance - providing expertise and partnering to senior management for reviewing and decision making, by developing opinions and interpretations of relevant regulatory changes impacting model risk.
- infrastructure - providing global model inventory system (gmis) management, maintenance and user engagement, along with report production and technology enhancements.
*main activities*:
- contribute towards independently reviewing and (re)validating models and methodologies across regions, businesses, functions and risk types within the bank, including retail and wholesale credit, traded risk, global banking & markets, financial vulnerability, finance, stress testing, wealth, insurance & pensions.
- liaising with 1lod and other model stakeholders as appropriate to ensure documentation is available to support the reviews.
- ensuring that the models and methodologies are assessed against methodological frameworks underpinning the group's risk measurement and management initiatives.
- contribute towards ensuring through independent assessment and validation that the models operate within regulatory boundaries.
requirements
*knowledge & experience*
- knowledge:_
- knowledge in one or more of the following areas: stress testing and scenario analysis models, traded risk and pricing models, global markets trading & hedging models, asset liability models etc.
- knowledge of statistical model and scorecard development techniques.
- knowledge of risk models, performance metrics and risks and associated issues.
- knowledge of internal procedures and local regulations and those of other country regulators.
- experience:_
- experience with some statistical modelling software / programming language e.g. Sas, python, r, matlab, c++, vba.
- experience of developing and reviewing models throughout the customer lifecycle is beneficial.
- experience of conducting independent model reviews is beneficial.
- skills:_
- good written and verbal communication skills.
- team-oriented mentality combined with ability to complete tasks independently to a high quality standard.
- qualifications:_
degree in a quantitative discipline like financial mathematics, statistics, econometrics, quantitative finance, economics or engineering.
¡you'll achieve more when you join hsbc!
*issued by hsbc electronic data processing (méxico) private ltd