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.

There is also a Professional Practises team reporting directly to the CMRO who provide feedback and quality assurance on validation deliverables, ensuring consistency and facilitating the sharing of internal and external best practises.

In addition, the CMRO oversees a team dedicated to designing and implementing a framework for the management of Artificial Intelligence and Machine Learning Risk (AI / ML). 

• It is responsible for designing and overseeing the AI risk management framework and associated review processes where applicable. 

• For developing, monitoring and refining HSBC’s AI risk policy, provide SME, advice and guidance on AI and develop opinions and interpretations of relevant regulatory changes in AI. 

• For the operation of governance forums to support the management of the risks associated with AI/ML.

• It covers the impact of AI to both model and non-model risk types.

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.

• Build and develop policies and standards that allow HSBC to better manage model risk in line with various regulatory requirements (including strong focus on AI/ML). The framework would outline items to govern, identify, measure, manage risk and provide a common language to manage and understand model risk in changing regulatory environment.

• Work or interact with other functional groups of MRM, first line sponsors, developers, users, risk stewards, internal audit and external regulators.

• Support the development of a risk review framework for AI applications and assist in running the governance cycle for newly identified AI use-cases.

• Assist the team lead to ensure consistency and quality of execution on policy and procedure (incl. AI).

• Provide effective challenge on alignment to regulatory requirements

• Identify and develop key tools, infrastructure and metrics to measure aggregate model risk and provide report for senior committees and board.

• Provide input to validation policy and validation sampling approaches.

• Lead activities aimed to provide feedback to Model Validation colleagues on findings from assurance reviews.

• Lead the delivery of trainings and knowledge sharing.

• Provide Subject Matter Expertise (SME) in AI/ML matters as well as regulatory requirements, operating across geographies and the HSBC matrix. 

• Provide support, guidance and coaching to members of the Model Risk Management team across the bank and stakeholders across the Global Businesses and Functions on matters related to AI and external banking regulations.

• Communicate across technical quantitative, business and strategic levels to ensure that stakeholders understand issues and priorities. 

• Master’s or PhD degree in a quantitative discipline like Financial Mathematics, Statistics, Econometrics, Quantitative Finance, Economics or Engineering.  

• Previous experience with Governance related activity would be preferred. 

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

• Experience in developing and/or validating quantitative models in AI would be an advantage. 

• Experience of presenting recommendations to Senior Management.

• Analytical expertise with AI/ML applications in banking or related industries.

• Strong technical knowledge of model development/validation tools and methods across an array of different model types including strong understanding of risks across various risk stripes along with mitigant. 

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

• 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