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The successful candidate will be responsible for interpretation of external regulation e.g. Basel 2, 2.5, 3, CRR/CRD4, and HSBC policy and subsequent delivery of GRA Model Strategy, Standards and Control procedures and standards across GRA globally, working at group, regional and local levels.
The successful candidates' deliverable will be to write/ review, embed, and control test procedure and standards in accordance with the regulatory landscape for Wholesale Credit modelling.
GRA Model Strategy, Standards & Control team are at the centre of how HSBC designs and enforces model risk standards and controls and will be responsible for:
Acting as a regulatory subject matter expert across Wholesale Credit model risk landscape
Translating complex regulatory requirements into best practice procedures and standards
Staying abreast of regulatory initiatives as they crystalize
Writing/ reviewing and embedding of comprehensive, consistent coherent procedure and standards
Preparation of materials in respect to regulatory submissions
Responding to regulatory requests for information
Planning and executing model risk control activity for all model risk procedure and standards
Oversight, guidance and reporting to governance committees of non-compliance, deviations from procedures and standards
Ensuring all model risk issues are within governance and managed to resolution within timeframes
Management of macro/ micro remediation initiatives
Managers are accountable for setting the 'tone at the top' which underpins the principles of a positive and effective internal control environment. They should exhibit leadership and direction to their teams for establishing and maintaining an effective internal control environment, including the development and management of policies and procedures where appropriate. Managers should also ensure that suitable processes are put in place to review and oversight that internal control environment against those policies.
Culture & Behaviours
Our culture supports our people and empowers them to consistently do the right thing for our customers and markets in which we operate
Our people are competent and committed to the fair treatment of customers and not disrupting the integrity of markets
We are open to challenge, we acknowledge when things go wrong, we fix things and we learn from our mistakes
We reward and incentivise performance, behaviours and attitudes which deliver the fair treatment of customers and uphold market integrity
We seek to prevent and will proactively identify actions and behaviours that constitute market misconduct, and respond appropriately
We manage conflicts of interest and appropriately handle information to reduce the opportunity for misuse
Governance & Oversight
Our governance framework provides effective oversight of how we fairly treat customers and uphold market integrity
Expert understanding of model risk regulatory landscape
In depth experience of Wholesale Credit modelling methodologies and techniques
Strong knowledge of the external environment - regulatory, political, competitors etc.
Business analysis, requirements gathering and design techniques
Deep understanding of relevant regulatory requirements in respect to Wholesale Credit modelling
Submission and relationships with regulators
5+ years model risk management experience in a bank, rating agency, consultancy or advisory firm
Demonstrable ability to translate complex requlatory articles into high quality, coherent procedure and standards appropriate for a diverse audience