CAIA's Career Center is an easy-to-use, comprehensive resource connecting job seekers with employers in the growing AI field. Use your knowledge and credibility to advance your career or build a talented team for your organization. Opportunities targeted to CAIA Charterholders are prioritized.
In order to search for jobs specifically for CAIA Charterholders or those pursuing the CAIA Charter please enter “CAIA” in the search panel.
This will enable you to search for CAIA specific roles globally.
Senior Independent Model Review Manager - Global Risk
November 6, 2019
Some careers grow faster than others. If you're looking for a career that will give you plenty of opportunities to develop, join HSBC and your future will be rich with potential.
Global Risk is a thriving and expert risk management function supporting HSBC globally with all aspects of risk management. The team actively manages a varied and dynamic range of risk types, including security, fraud, information security, contingency, geopolitical, operational, credit, pension, insurance, financial crime and regulatory compliance, market and reputation risks. All parts of the Global Risk team use their skills, insight and integrity to handle established threats and those they see emerging, acting to protect and enable HSBC to deliver sustainable growth.
We are currently seeking a high caliber professional to join our team as Senior Independent Model Review Manager.
The Senior Manager is responsible for leading model reviews, supporting the pool of Managers from the team, and expertise from the wider Bank IMR team, to support. The Senior Manager will also support the coordination of model review plans, and the communication and delivery of constructive challenge to the senior management of the Insurance businesses, Group Pensions team and Finance and Wealth teams. In addition, to contribute tangibly towards the development and maintenance of the team's capabilities as a quantitative Centre of excellence in relation to insurance and pensions models.
Ensuring insurance, pensions, finance and wealth models and model developments are validated in accordance with the agreed IMR schedule for such models. Ensuring that Group material insurance, pensions, finance and wealth models are reviewed in line with IMR and function guidance and that any issues identified are escalated and appropriate action plan established.
Provide support for the Global Functional Head and the Regional Team Lead where necessary and including support for relevant Group Model Oversight Committees and provide regular updates to the committees on model reviews carried out by the team.
Support the development of skills and knowledge across the modeling teams through insightful and constructive feedback.
Support the development and maintenance of review methodology for insurance, pensions and wealth models.
Is a point of contact for Global IMR teams for insurance, pensions, finance and wealth model review expertise as required.
Strong understanding of industry good practice and emerging regulations including Solvency II and IFRS17 around modeling standards and validation
Strong technical knowledge of insurance and pensions modeling methodologies and techniques, including liability modelling, ESGs and ALM, capital modelling, projections
Expertise in any of French, Asia Pacific, and Latin American regulatory and market environments desirable
Experience of conducting model validations or audits of models
Experience of leading teams and projects
Experience of project management
Experience of working with and facing off to senior management
Experience of creating review policy and structures
Experience in both actuarial and accounting models would be desirable
Strong communication and interpersonal skills
Ability to form effective relationships with model developers and owners and key senior stakeholders within the Insurance, Pensions and Wealth teams and across the Bank
Ability to prioritise competing demands and demonstrate flexibility to meet dynamic requirements
Developing and retaining talent, within the team and across the Bank
Actuarial qualification, or equivalent post graduate degree such as Statistics
You'll achieve more when you join HSBC.
Candidate with less relevant experience or skills may be offered a lower Global Career Band than stated above.
HSBC is 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. 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.