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.

Our Risk and Compliance function has a critical role to play in supporting, challenging and advising across all areas of the business through establishing policy, monitoring profiles, and identifying and managing forward-looking risk and compliance. We focus on creating an environment that encourages our people to speak up and do the right thing, as well as protecting our customers, the organisation and the integrity of the financial markets in which we operate. Already an industry-leader in many respects, we want to continue setting standards and evolving to respond to strategic changes.

As an HSBC employee in the UK, you will have access to tailored professional development opportunities including working towards any desired and relevant insurance qualifications, 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.

In this role you will:

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-Undertake IRB model validation activities as dictated by the Global Model Risk Policy including the assessment of: data quality and relevance, conceptual soundness of the underlying theory and the suitability of the use for its intended purpose, model estimation methodology, qualitative information and judgements, documentation and regulatory compliance, and implementation of the model.
-Lead and teach junior resources who will be contributing to the validation activities.
-Provide written reports detailing the results of validations, and highlighting issues identified during the validation.
-Validate remediation activities completed by the 1LOD to ensure appropriate resolution of identified issues.
-Ensure models and tools developed, maintained, and used within the Group are compliant with internal and regulatory expectations and fit for the intended purpose.
-Build effective relationships with numerous stakeholders, providing advance and guidance to ensure compliance with regulation and policy relating to models, and to ensure Risk Appetite is adhered to.

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

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-Prior IRB Modelling experience is an essential to be considered (from development, validation or regulatory side).
-Advanced understanding of regulatory developments and supervisory practices relating to models, experience in dealing with auditors and regulators.
-Strong verbal and written communication skills on a strategic, business and technical level.
-Highly analytical with an ability to demonstrate a strong attention to detail with numerous documents.
-Senior Stakeholder management at senior level, with an ability to challenge and influence.

This role can be based in London, Hybrid.
Being open to different points of view is important for our business and the communities we serve. At HSBC, we're dedicated to creating diverse and inclusive workplaces - no matter their gender, ethnicity, disability, religion, sexual orientation, or age. We are committed to removing barriers and ensuring careers at HSBC are inclusive and accessible for everyone to be at their best. We take pride in being a Disability Confident Leader and will offer an interview to people with disabilities, long term conditions or neurodivergent candidates who meet the minimum criteria for the role.

If you have a need that requires accommodations or changes during the recruitment process, please get in touch with our Recruitment Helpdesk:

Email:
hsbc.recruitmenthsbc

Telephone:

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-Prior IRB Modelling experience is an essential to be considered (from development, validation or regulatory side).
-Advanced understanding of regulatory developments and supervisory practices relating to models, experience in dealing with auditors and regulators.
-Strong verbal and written communication skills on a strategic, business and technical level.
-Highly analytical with an ability to demonstrate a strong attention to detail with numerous documents.
-Senior Stakeholder management at senior level, with an ability to challenge and influence.

As an HSBC employee in the UK, you will have access to tailored professional development opportunities including working towards any desired and relevant insurance qualifications, 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.