Vice President - Independent Model Review
Vice President - Independent Model Review
Technologies we useExpected
- SAS
- Python
- R
- Matlab
- C++
- VBA
Expected
- SAS
- Python
- R
- Matlab
- C++
- VBA
About the projectModel 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.
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.
Your 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 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.
- Participate at Governance Forums as required.
- Provide functional leadership for a small team of Model Validators operating across geographies and the HSBC matrix.
- Support the recruitment and retention of junior colleagues and provide coaching and guidance.
- 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 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.
- Participate at Governance Forums as required.
- Provide functional leadership for a small team of Model Validators operating across geographies and the HSBC matrix.
- Support the recruitment and retention of junior colleagues and provide coaching and guidance.
Our requirements- Master’s or PhD degree in a quantitative discipline like Financial Mathematics, Statistics, Econometrics, Quantitative Finance, Economics or Engineering.
- Knowledge in one or more of the following areas: Stress Testing and Scenario Analysis models, Traded Risk and Pricing Models, Global Markets Trading & Hedging models, Asset Liability Models, etc.
- Comprehensive knowledge of statistical model and scorecard development techniques.
- Detailed knowledge of Risk models, performance metrics and risks and associated issues.
- Detailed knowledge of internal procedures and local regulations and those of other country regulators would be an advantage.
- 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 presenting recommendations to Senior Management.
- Master’s or PhD degree in a quantitative discipline like Financial Mathematics, Statistics, Econometrics, Quantitative Finance, Economics or Engineering.
- Knowledge in one or more of the following areas: Stress Testing and Scenario Analysis models, Traded Risk and Pricing Models, Global Markets Trading & Hedging models, Asset Liability Models, etc.
- Comprehensive knowledge of statistical model and scorecard development techniques.
- Detailed knowledge of Risk models, performance metrics and risks and associated issues.
- Detailed knowledge of internal procedures and local regulations and those of other country regulators would be an advantage.
- 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 presenting recommendations to Senior Management.
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
- 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
Benefits- sharing the costs of sports activities
- private medical care
- sharing the costs of professional training & courses
- life insurance
- flexible working time
- integration events
- corporate sports team
- doctor’s duty hours in the office
- retirement pension plan
- corporate library
- no dress code
- video games at work
- coffee / tea
- parking space for employees
- leisure zone
- extra social benefits
- employee referral program
- opportunity to obtain permits and licenses
- charity initiatives
- family picnics
- extra leave
- sharing the costs of sports activities
- private medical care
- sharing the costs of professional training & courses
- life insurance
- flexible working time
- integration events
- corporate sports team
- doctor’s duty hours in the office
- retirement pension plan
- corporate library
- no dress code
- video games at work
- coffee / tea
- parking space for employees
- leisure zone
- extra social benefits
- employee referral program
- opportunity to obtain permits and licenses
- charity initiatives
- family picnics
- extra leave
Recruitment stages- Online assessment
- Phone interview
- Job interview
- Welcome to HSBC!
- Online assessment
- Phone interview
- Job interview
- Welcome to HSBC!
HSBC Service Delivery (Polska) Sp. z o. o.
HSBC is one of the world’s largest banking and financial services organisations. Our global businesses serve more than 40 million customers worldwide through a network that covers 63 countries and territories.
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.
HSBC Service Delivery (Polska) Sp. z o. o.
HSBC is one of the world’s largest banking and financial services organisations. Our global businesses serve more than 40 million customers worldwide through a network that covers 63 countries and territories.
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.
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