HSBC Group

Business: Control Oversight, Finance

Open positions:1

Role Title: Manager, DQM Assurance GSC’s

Global Career Band: 6

Location (Country / City ): India/Bangalore

Recruiter Name : Geetika Gupta

The Opportunity:

• The Group’s Risk Management Framework (RMF) requires independent Second Line Assurance of the management of material risks and controls across HSBC’s non-financial and financial risk taxonomies. The Control Oversight function provides a significant proportion of this assurance.
• In addition, Control Oversight delivers innovative assurance solutions for and on behalf of HSBC’s Risk Stewards and peer assurance teams.
• This role is part of the assurance team dedicated to delivering oversight of Deterministic Quantitative Methods (DQMs) they will undertake the Independent review of these DQMs to ensure amongst other things that they are fit for purpose and working as required.

What you’ll do:

Principal Accountabilities and Responsibilities

• Undertake detailed reviews of DQMs 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

Leadership & Teamwork 

• 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.

What you will need to succeed in the role:  

Functional Knowledge

Knowledge:

• Experience in assurance, audit, finance or model risk management within financial services or other major industries would be beneficial.
• Experience of model/DQM/EUC validation, verification, developing, etc would be beneficial.

Experience:

• Experience developing assurance automation and analytics tools preferred.

Skills:

• 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

Others

The job holder will be required to:

• 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 minimise 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.

Link to Candidate User Guide:

https://hsbchrdirect.service-now.com/nav_to.do?uri=%2Fhrsp%3Fid%3Dkb_article_preview%26sys_id%3D0c6b11641b6a9810cec0553a2d4bcb2a

(Or)

Go to the below link and type “IND GSC : IJP Applicant User Guide” in search bar. https://hsbchrdirect.service-now.com/hrsp?id=hrdirect_employee_dashboard

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.”

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