HSBC Group

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Model Risk Management (MRM) at HSBC is structured as a global function, headed up by the Chief Model Risk Officer (CMRO). The MRM function reports directly to the Group Chief Risk and Compliance Officer (GCRCO) ensuring its independence from the model developing and owning areas of the firm. 

MRM are the second line of defence (2LoD) for Model Risk and the CMRO is the global Model Risk Steward for the group and is also accountable for the global operation of the MRM function. MRM teams are based in each region, to ensure local subject matter expertise and to guide, review, and challenge. MRM activity is managed on a global basis as many models are used in multiple locations. This enables MRM to operate consistently and efficiently globally, and to take account of additional local regulatory requirements.

Independent Model Validation is a specialist quantitative role within the Model Risk Management team responsible for carrying out independent validations of HSBC’s model landscape, in order to identify and communicate model limitations and issues. 

The Independent Model Review, Professional Practices team is responsible for establishing, implementing, and maintaining the independent validation framework in alignment with the Group Model Risk Policy, industry best practice and HSBC’s model landscape and for providing oversight and review of model validation teams’ testing and reporting processes and outputs.

• Lead the planning, testing/assessing, documenting, and reporting to senior management on appropriateness of:

• Model validation standards, guidelines, playbooks and technical manuals.

• Individual model validation reports; reviewing both technical and presentational aspects.

• Independent Model Validation peer review processes and outputs. 

• Oversee the administration of the peer review processes.

• Provide input to validation policy and validation sampling approaches.

• Provide feedback to Model Validation colleagues on findings from assurance reviews.

• Lead the delivery of trainings.

• Provide advice and guidance to model validation colleagues.

• Deliver high quality, timely reports on findings from assurance reviews.  

• Liaise with model risk management colleagues globally. 

• Contribute to management, regulatory, and external confidence in all models used across the group.

• Knowledge in model development/validation tools and methods across an array of different model types. 

• Prior knowledge of providing technical assurance or auditing of model validation activities, would be preferrable.

• Knowledge of internal procedures and local regulations and those of other country regulators would be an advantage. 

• Significant experience of technical report writing, ideally a model developer or independent validator.

• Experience of presenting recommendations to Senior Management.

• Ability to present complex statistical concepts and results in a persuasive and compelling manner.

• Team-oriented mentality combined with ability to complete tasks independently to a high-quality standard.

• Competitive salary

• Annual performance-based bonus

• Additional bonuses for recognition awards

• Multisport card

• Private medical care

• Life insurance

• One-time reimbursement of home office set-up (up to 800 PLN).

• Corporate parties & events

• CSR initiatives

• Nursery discounts

• Financial support with trainings and education

• Social fund

• Flexible working hours 

• Free parking

If your CV meets our criteria, you should expect the following steps in the recruitment process:

• Online behavioural test (for external candidates only)

• Telephone screen (for external candidates only)

• Zoom interview with the hiring manager 

We are looking to hire as soon as possible so don’t wait and apply now!

You'll achieve more when you join HSBC.

We thank all interested candidates for their applications. We reserve the right to contact only selected candidates.

Applications sent to us will be taken into consideration only if they include the following statement:

“I hereby declare that I have familiarized myself with the Privacy Statement for Applicants published at http://www.about.hsbc.pl/careers and I hereby give consent for personal data included in my application to be processed for the purposes of recruitment in HSBC Service Delivery (Polska) Sp. z o. o. according to rules described in the Privacy Statement for Applicants, as per the Regulation (EU) 2016/679 of the European Parliament and of the Council of 27 April 2016 on the protection of natural persons with regard to the processing of personal data and on the free movement of such data, and repealing Directive 95/46/EC (GDPR).”

In case you would like to resign from participation in recruitment process or withdraw previously sent to us application, please email us at: krakow.recruitment@hsbc.com