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
Model Developer - Assistant Vice President
In This Role, You Will
- 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 (iii) Develop 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 Wealth Premier Support to effectively manage 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 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.
- Working collaboratively with all Stakeholders Compliance, Legal, Risk, Chief Control Office, Senior Management and Group Procurement
To Be Successful, You Will
- Graduate degree or equivalent Advanced Degree Masters Function specific certification or degree
- 7-15 years of experience in credit risk domain along with stakeholder management
- Experience in Private Banking/Wealth modelling is advantageous and understanding their unique model risks when compared to other areas.
- 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.
- Recognised strong organisational skills. Knowledge of authoring policies, standards, governance lifecycle process, frameworks, and Target Operating models coding and modelling languages such as Python
You’ll achieve more at HSBC
www.hsbc.com/careersHSBC is an equal opportunity employer committed to building a culture where all employees are valued, respected and opinions count. We take pride in providing a workplace that fosters continuous professional development, flexible working and, opportunities to grow within an inclusive and diverse environment. We encourage applications from all suitably qualified persons irrespective of, but not limited to, their gender or genetic information, sexual orientation, ethnicity, religion, social status, medical care leave requirements, political affiliation, people with disabilities, color, national origin, veteran status, etc., We consider all applications based on merit and suitability to the role.”Personal data held by the Bank relating to employment applications will be used in accordance with our Privacy Statement, which is available on our website.
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