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 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 realize 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
- Undertake model validation activities as dictated by the Global Model Risk Policy including the assessment of; model inputs, calculations, reporting outputs, conceptual soundness of the underlying theory and the suitability of the use for its intended purpose, relevance and completeness of data, qualitative information and judgements, documentation, and implementation of the model.
- Provide written reports detailing the results of validations highlighting issues identified during the validation.
- Validate remediation activities completed by the ILOD(I line of defence) to ensure appropriate resolution of identified issues.
- Work with relevant stakeholders to embed new Global Model Risk Policies and Procedures.
- Provide model users, model owners, senior management, audit, and regulators (across 1LOD, 2LOD, 3LOD) with confidence that the models and tools developed, maintained, and used within the Group are compliant with internal and regulatory expectations and fit for the intended purpose.
- Deliver, high quality, timely validation reports that add value to the business.
- Liaise with 1LOD and other model stakeholders as appropriate to ensure issues have been adequately resolved.
- Communicate across technical quantitative, business and strategic levels to ensure that stakeholders understand the implications of model risks and limitations.
- Support the management of model risk across a large complex banking group.
Requirements
- Ability to present complex statistical concepts and results to non-technical audiences in a persuasive and compelling manner.
- 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
- Effective report writing skills and experience
- High attention to detail
- Drive to understand
- Ability to prioritize competing demands and demonstrate flexibility to meet dynamic requirements
- Bachelor’s or Master’s or PhD degree in a quantitative discipline like Financial Mathematics, Statistics, Econometrics, Quantitative Finance, Economics or Engineering.
- Atleast 10 actuarial exams (as per old curriculum), preferably fully qualified, with over 5-10 years’ experience in the insurance industry.
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.”
***Issued By HSBC Electronic Data Processing (India) Private LTD***