HSBC Group

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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 organizations 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 Assistant Vice President, Deterministic Quantitative Modeling Assurance

Principal responsibilities

• Undertake detailed reviews of Deterministic Quantitative Modeling to ensure they are fit for purpose and operating as expected.
• Including: Testing DQM’s numerical implementations, assessing the inputs, reporting outputs, suitability for the use of its intended purpose, relevance and completeness of data, documentation and implementation of the DQM, and adherence to policy.
• Conduct control testing as required. 
• Provide written reports detailing the results of the review including documentation of issues identified and reviewing the appropriateness of 1LOD remediation plans to resolve.
• Identify opportunities for control improvements
• Support and coach more junior colleagues who carry out review / validations, using experience and knowledge to intervene and escalate as and when required.
• Make recommendations for improvements in Policy and Procedure frameworks
• Promote HSBC compliance with PRA Model Risk Management Principles and other regulatory requirements.
• Support the resolution of MSIIs and audit issues as appropriate.
• Contribute to management, regulatory, and external confidence in all DQMs used across the group.
• Support the management of DQM risk across a large complex banking group.
• Support the management of DQM risk whilst significant transformational activity is being implemented globally.
• Operate within a changing and rapidly developing regulatory environment.
• Continually support HSBC's approach to conduct and cultivate a positive risk aware culture, which is designed to ensure we deliver fair outcomes for our customers and do not disrupt the orderly and transparent operation of financial markets.
• Maintain awareness of operational risk and minimize the likelihood of it occurring, including its identification, assessment, mitigation and control, loss identification and reporting in accordance with the HSBC Operational Risk Management. 
• Adopt a risk management and internal control structure, referred to as the Three Lines of Defence, to ensure it achieves its commercial aims while meeting regulatory and legal requirements and its responsibilities to stakeholders, customers and staff. All staff must familiarise themselves and adhere at all times with the role and supporting responsibilities they play in the Three Lines of Defence.

• Experience in assurance, audit, finance or model risk management within financial services or other major industries.
• An understanding of banking and model risk and control framework including model identification, and knowledge of relevant regional laws, regulations and the overall regulatory environment preferred.
• Experience of model/DQM/EUC validation, verification, developing, etc would be beneficial.
• Knowledge and expertise of local market and HSBC’s different business lines would be beneficial.
• Experience developing assurance automation and analytics tools preferred.
• Capable of supporting colleagues in providing advice and challenge to 1LOD queries.
• Strong English written and oral communication skills.
• Ability to explain complex topics in a clear and concise manner.
• Strong attention to detail.
• Experience of software programming languages preferred, e.g. VBA, Python.
• Proficient with Microsoft Office particularly Excel.
• Exposure to developing quantitative tools (including End User Computing – EUCs) would be beneficial
• Team-oriented mentality combined with ability to complete tasks independently to a high-quality standard.
• Capable of understanding complex calculator type tools and be capable of reviewing and providing oversight and guidance

You’ll achieve more when you join HSBC.

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.

***Issued by HSBC Electronic Data Processing (India) Private LTD***