Job Description
Some careers have more impact than others.
If you’re looking for a career where you can make a real impression, join HSBC and discover how valued you’ll be.
HSBC is one of the largest banking and financial services organisations in the world, with operations in 62 countries and territories. We aim to be where the growth is, enabling businesses to thrive and economies to prosper, and, ultimately, helping people to fulfil their hopes and realise their ambitions.
We are currently seeking an experienced professional to join our team in the role of Assistant Vice President - Decision Sciences
Principal responsibilities
- 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(line of defense) 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
- Support the recruitment and retention of junior colleagues and provide coaching and guidance.
- Lead model validation activities including planning and stakeholder management. Deliver, high quality, timely validation reports that add value to the business.
- Liaise with 1LOD and other model stakeholders as appropriate to ensure issues have been adequately resolved.
- Communicate across technical quantitative, business and strategic levels to ensure that stakeholders understand the implications of model risks and limitations.
- Contribute to management, regulatory, and external confidence in all models used across the group.
