HSBC Group

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 Model Developer - Assistant Vice President.

Principal responsibilities 

• Support the management of core business activities across Models, relating to: (1) Model Design, Development, Validation & Implementation, (2) Model Portfolio, Risk Analytics & Risk Mitigation, (3) Model Monitoring, Control, Standards & Documentation, and (4) Model Governance across HSBC Group, Policy & Regulatory Risk.
• The role holder will be responsible for development of credit models - (i) Develop and maintain Probability of default , Loss Given Default  and Exposure at Default  models used for purposes (iii) Develop and maintain Expected Credit loss model (iv) Develop Stress Testing Models used for Private Banking and Wealth portfolios. 
• Optimise Expected Credit Losses and Risk Weighted Assets for the Lombard and other asset backed portfolios.
• Work across in managing model risks, increase model coverage and implement globally consistent model systems, standards, policies, processes, methodologies and governance across all regions. 
• Engage with stakeholders across all areas, business functions, and regions in identifying local regulatory issues, feeding these requirements into global model program design and ensuring compliance with global and local model regulations.
• Develop and review models according to feedback or requirements from our stakeholders, prepare pre-implementation validation reports for local use (countries or legal entities), develop models specific to a country or a business if required by regulators, support annual model validations, check the run, monitoring and validation of data, develop model prototypes, implement models, User Acceptance Testing of the models, and maintain official model documentation.
• Administrate global and local governance through the Model Oversight Forum and other technical committees, Audit, oversight the global and local model output to ensure its being appropriately used, and support the local and global business teams in model use.
• Run the model, produce global and local results, rollout models to new legal entities as required, run stress tests, document the processes, calculation runs and checks, monitor the model, and statistically validate the input data (scenario and internal loss data).

• Undergraduate degree or equivalent, advanced Degree (Masters ) Function specific certification or degree (Financial Risk Manager, Charted Financial Analyst).
• Experience in Private Banking/Wealth modelling is advantageous and understanding their unique model risks when compared to other areas.
• Coding and modelling languages such as Python
• Experience with Stress Testing, Regulatory articles and ability to scope them to Private Banking is advantageous.
• An understanding of investment, banking, credit and insurance products and services is an advantage.
• Strict deadline management with project management discipline.
• Effective presentation, interpersonal, negotiation, communication and analytical skills. Enjoys compiling best-in-class documents and publishing papers.
• Good understanding of portfolio management techniques including analytics.
• History of working within the  to manage model risk including experience of validations and the range of regulatory reporting on models such as annual attestations is advantageous.

You’ll achieve more when you join 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.

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