AVP - Model Developer, GPB&W Models

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 organizations 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 helping people to fulfil their hopes and realize their ambitions.

We are currently seeking an experienced professional to join our team in the role of Assistant Vice President - Model Developer, Global Private Banking & Wealth Models.

Principal responsibilities

• Responsible for the end-to-end management of design, development, implementation and governance for Investment and Wealth models. 
• Responsible for development of commercial modelling projects, strategic objectives, governance requirements and issue resolution for investment model category
• Support the management of core business activities across Models, relating to Model Design, Development, Validation & Implementation, Model Portfolio, Risk Analytics & Risk Mitigation, Model Monitoring, Control, Standards & Documentation, and Model Governance 
• The role holder will be responsible for development of investment and wealth models - designing and execution of product risk ratings for Mutual Funds, Bonds, Structured Products and Stocks.
• Design and maintain the Systems Application Architecture and Aladdin advisory model used for Advisory and Discretionary businesses. Also help develop Artificial intelligence model applications for business.
• Engage with stakeholders across all areas, business functions, and regions in identifying local regulatory issues, feeding these requirements into global model program design and ensuring compliance with global and local model regulations.
• Develop and review models according to feedback or requirements from our stakeholders, prepare pre-implementation validation reports for local use (countries or legal entities), develop models specific to a country or a business if required by regulators, support annual model validations, check the run, monitoring and validation of data, develop model prototypes, implement models and maintain official model documentation.
• Run the model, produce global and local results, rollout models to new legal entities as required, run stress tests, document the processes, calculation runs and checks, monitor the model, and statistically validate the input data (scenario and internal loss data).