Senior Independent Model Review Manager - Global Risk
August 6, 2022
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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, 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 calibre professional to join our team as a Senior Independent Model Review Manager.
Responsible for supporting regional and functional heads of IMR in execution of independent model validation for models used in the HSBC
Regional aspects of the role: role holder is expected to be responsible for all IMR activities for one or more category of models used in the region
ensuring validation of model use case in the region are carried out according to group internal model risk policy and meet regional regulatory requirements
management of regional stakeholders for the model categories assigned
as part of the regional model risk management second line of defence providing assistance to risk stewards and business in review and challenge of models in the categories assigned
Functional aspects of the role require role holder to carry out validations following IMR functional model validation, in particular, in addition to carry out review, the role holder is also expected to act as SME for the assigned model category ??? Wholesale Credit Risk Models, assist IMR functional head in review planning, quality assurance, process improvement for IMR activities in that model category
Lead junior staff on own area of expertise as required during the course of a model review project or through internal training initiatives
Role holder is expected to have solid experiences in model development and or validation in one or more category of models. In addition, role holder is expected to continuously developing subject matter expertise in model development and validation techniques, keeping abreast of related industry knowledge and regulatory standards
Maintain a constructive relationship with relevant regional and global model stakeholders in all three line of defences in model risk management
Having solid experiences in model development and/or validation in one or more categories of models and familiar with the relevant regulatory requirement and industry practices
Experiences with wholesale credit risk regulatory models and familiarity with related regulations from Basel, PRA, ECB, HKMA
Ability to lead projects through co-ordination of a technical team in a global environment
Strong programming skills, e.g. SAS, Python, etc
Experience in artificial intelligence and machine learning algorithm would be an advantage
Graduate degree in a quantitative field. Post-graduate degree would be an advantage
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Issued by The Hongkong and Shanghai Banking Corporation Limited.