Analyst, Model Risk Management

1 dzień temu

Kraków, Lesser Poland HSBC Pełny etat

HSBC Service Delivery (Polska) Sp. z o.o. is HSBC's global finance, operations, risk and technology centre. We use our unique expertise and capabilities to provide specialised services – our people range from technologists transforming the banking experience to operations professionals managing 1.7 trillion payments a year.

Our Purpose – Opening up a world of opportunity – explains why we exist. We are bringing together the people, ideas and capital that nurture progress and growth, helping to create a better world – for our customers, our people, our investors, our communities and the planet we all share.

About the project:

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.

Independent Model Validation is a specialist quantitative role within the Model Risk Management team responsible for carrying out independent validations of HSBC's model landscape, to identify and communicate model limitations and issues. This role is part of the Retail & Private Bank validation team.

Independent Model Validation provides independent challenge of a model's underlying theoretical assumptions and limitations, its practical implementation, its live application, and business usage, providing stakeholders (including model users, senior management, audit and regulators) with assurance that models and tools developed, maintained and used within HSBC Group are fit for their intended purposes and are compliant with applicable internal and supervisory expectations. They will also review remediation plans and activities, undertake portfolio level reviews across model types and challenge the model owners on the appropriate application of relevant policy of models.

Your responsibilities:

  • Undertake model validation and testing 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.
  • Communicate technical model related information and results to Model Owners and Model Users through the course of a validation.
  • Contribute to management, regulatory, and external confidence in all models used across the group.

Skills & experience we require:

  • Master's or PhD degree in a quantitative discipline like Financial Mathematics, Statistics, Econometrics, Quantitative Finance, Economics or Engineering.
  • 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 is beneficial.
  • Some knowledge in Retail Credit, Stress Testing and/or Front Office Modelling and an awareness of IRB and/or IFRS9 regulatory requirements.
  • Knowledge of statistical model and scorecard development techniques.
  • Knowledge of Risk models, performance metrics and risks and associated issues.
  • Some knowledge of internal procedures and local regulations and those of other country regulators would be an advantage.

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

You'll achieve more when you join HSBC.

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

  • Online behavioural test
  • Telephone screen
  • Zoom interviews with the hiring managers

In case you would like to resign from participation in recruitment process or withdraw previously sent to us application, please email us at: hr.krakow.pl@hsbc.com.

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