Job description
Some careers have more impact than others.
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 organisations 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 Lead Assistant Vice President - Decision Sciences
Principal responsibilities
A decision sciences job family member should be able to: -
- Apply relevant analytical methods / algorithms to get actionable insights from HSBC's internal (both structured and unstructured) and external data sources
- Partner with IT / Data Engineering teams to create deployment road-map
- Provide actionable solutions with clear articulation of recommendations for the business stakeholders across geographies
- Independently manage delivery of analytics projects by working with business partners across regions / geographies
- Actively contribute in innovative analytical solutioning for improved business performance.
- Perform activities pertaining to First Line of defense based on the Model Risk Management Framework for FRTB SA models:
- Model development/ validation based on best industry practice.
- Assist the Risk steward functions in second line of defense activities
- Participating in the model development cycle in conjunction with BAs and system owners
- Provide model risk expertise of Traded Risk Products of HSBC, working in conjunction with Product Controls, Front Office, Global Markets Operations and other support and control functions.
- Support the model reviews by IMR, Internal and external Audit as well as regulatory visits. Implement the findings in a timely manner.
Requirements
- Strong quantitative background, with a degree (Masters/PhD preferred) in Statistics/ Econometrics/ Economics/Mathematical Science/Engineering/Finance
- Minimum of 5 years of relevant experience in model development, model validation and model management.
- Good understanding of pricing, valuation, VaR, derivative products; time series market data.
- Strong programming skills (Python, Matlab etc.) in order to develop the models or making proof of concepts.
- Knowledge of numerical methods applied on these models is a definite advantage.
- Working experience of Traded Risk models as part of model development or model validation team.
- Ability to collaborate and communicate effectively, including within onshore / offshore team set-ups.
- Ability to drive results in a limited time duration and handle constant work related pressure.
- Knowledge and exposure to cloud analytics platform such as GCP, AWS Redshift, Azure etc. would be a plus but not mandatory
- Enthusiasm for proactively seeking, exploring and developing use cases for new data and/or tools/wider industry trends
You’ll achieve more at HSBC
HSBC is an equal opportunity employer 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. We encourage applications from all suitably qualified persons irrespective of, but not limited to, their gender or genetic information, sexual orientation, ethnicity, religion, social status, medical care leave requirements, political affiliation, people with disabilities, color, national origin, veteran status, etc., We consider all applications based on merit and suitability to the role.”
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.
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