Model Developer - Assistant Vice President

Hsbc

5 - 9 years

30 - 35 Lacs

Gurugram

Posted:2 weeks ago| Platform:

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Skills Required

Publishing Coding Project management Investment banking Assistant Vice President Portfolio management Analytics Financial services Monitoring Auditing

Work Mode

Work from Office

Job Type

Full Time

Job Description

We are currently seeking an experienced professional to join our team in the role of

Model Developer- Assistant Vice President

Principal responsibilities

Support the management of core business activities across Models, relating to: (1) Model Design, Development, Validation & Implementation, (2) Model Portfolio, Risk Analytics & Risk Mitigation, (3) Model Monitoring, Control, Standards & Documentation, and (4) Model Governance across HSBC Group, Policy & Regulatory Risk.
The role holder will be responsible for development of credit models - (i) Develop and maintain Probability of default , Loss Given Default and Exposure at Default models used for purposes (iii) Develop and maintain Expected Credit loss model (iv) Develop Stress Testing Models used for Private Banking and Wealth portfolios.
Optimise Expected Credit Losses and Risk Weighted Assets for the Lombard and other asset backed portfolios.
Work across in managing model risks, increase model coverage and implement globally consistent model systems, standards, policies, processes, methodologies and governance across all regions.
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, User Acceptance Testing of the models, and maintain official model documentation.
Administrate global and local governance through the Model Oversight Forum and other technical committees, Audit, oversight the global and local model output to ensure its being appropriately used, and support the local and global business teams in model use.
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).

Requirements

Undergraduate degree or equivalent, advanced Degree (Masters ) Function specific certification or degree (Financial Risk Manager, Charted Financial Analyst).
Experience in Private Banking/Wealth modelling is advantageous and understanding their unique model risks when compared to other areas.
Coding and modelling languages such as Python
Experience with Stress Testing, Regulatory articles and ability to scope them to Private Banking is advantageous.
An understanding of investment, banking, credit and insurance products and services is an advantage.
Strict deadline management with project management discipline.
Effective presentation, interpersonal, negotiation, communication and analytical skills. Enjoys compiling best-in-class documents and publishing papers.
Good understanding of portfolio management techniques including analytics.
History of working within the to manage model risk including experience of validations and the range of regulatory reporting on models such as annual attestations is advantageous.

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