VP Model Risk Management

2 tygodni temu

Kraków, Polska HSBC Service Delivery Pełny etat

VP, Model Risk Management

Some careers shine brighter than others.

If you're looking for a career that will help you stand out, join HSBC, and fulfil your potential. 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.

Your career opportunity

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.

What you'll do

  • Undertake model validation activities as dictated by the Global Model Risk Policy including the assessment of; model inputs, calculations, reporting outputs, conceptual soundness of the underlying theory and the suitability of the use for its intended purpose, relevance and completeness of data,
  • qualitative information and judgements, documentation, and implementation of the model.
  • Provide written reports detailing the results of validations highlighting issues identified during the validation.
  • Validate remediation activities completed by the ILOD to ensure appropriate resolution of identified issues.
  • Work with relevant stakeholders to embed new Global Model Risk Policies and Procedures.
  • Provide model users, model owners, senior management, audit, and regulators (across 1LOD, 2LOD, 3LOD) with confidence that the models and tools developed, maintained, and used within the Group are compliant with internal and regulatory expectations and fit for the intended purpose.
  • Participate at Governance Forums as required.

What you need to have to succeed in this role

  • 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.
  • Comprehensive knowledge of statistical model and scorecard development techniques.
  • Detailed knowledge of Risk models, performance metrics and risks and associated issues.
  • Detailed knowledge of internal procedures and local regulations and those of other country regulators would be an advantage.
  • 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. Experience of conducting independent model reviews
  • Experience of presenting recommendations to Senior Management. Ability to present complex statistical concepts and results to non-technical audiences in a persuasive and compelling manner.
  • Master's or PhD degree in a quantitative discipline like Financial Mathematics, Statistics, Econometrics, Quantitative Finance, Economics or Engineering.

What we offer

  • Competitive salary
  • Annual performance-based bonus
  • Additional bonuses for recognition awards
  • Multisport card
  • Private medical care
  • Life insurance
  • One-time reimbursement of home office set-up (up to 800 PLN).
  • Corporate parties & events
  • CSR initiatives
  • Nursery discounts
  • Financial support with trainings and education
  • Social fund
  • Flexible working hours
  • Free parking

If your CV meets our criteria, you should expect the following steps in the recruitment process:

  • Online behavioural test (for external candidates only)
  • Telephone screen (for external candidates only)
  • Zoom interview with the hiring manager

We are looking to hire as soon as possible so don't wait and apply now

You'll achieve more when you join HSBC.

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