HSBC Group

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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 MANAGER - TRADED RISK MODEL MONITORING AND CALIBRATION

Business: Risk and Compliance

Principal Responsibilities: 

• Model development related to Market Risk models such as VaR, Stressed VaR, IRC, NMRF, FRTB implementation or for Counterparty Credit Risk models such as SA-CVA, XVA, Simulation & Pricing models, Collateral & Margining models.
• Perform activities pertaining to First Line of Defense based on the Model Risk Management Framework for traded models:
• Model development based on best industry practice. Model calibration, monitoring, and annual assessment.
• Support model users such as Traded Risk Managers, Front Office, and Product Control etc.
• Assist the Risk steward functions in second line of defense activities.
• Provide model risk expertise of Traded Risk Products, working in conjunction with Product Controls, Front Office, Global Markets Operations and other support and control functions.
• Collaborate with Group and Regional teams to achieve business objectives.
• Strong business acumen with out-of-the box thinking to drive improved business performance.
• Strong stakeholder management skills and seamless delivery of analytics initiatives across markets.
• Proven ability to take ownership of and solve complex data related issues; Business problem solving skills is essential.

• Strong quantitative background, with a degree (Masters/PhD preferred) in Statistics/ Econometrics/ Economics/Mathematical Science/Engineering/Finance
• 0-6 years’ experience in quantitative field like Market Risk or CCR model development/model validation
• Good understating of any or most of the common risk measures such as VaR, ES, PFE, XVA.
• Good understating on the pricing and valuations of the derivative products such as FX (Spot, Option, FX Swap, Non-Deliverable Forward, Forwards), Rates (Swaps, FRA, Options (Caps & Floors, Swaptions)), Cross Currency Swaps, Bonds, and other exotic derivatives.
• Strong programming skills (Python, C++ etc.) to develop the models or making proof of concepts.
• Knowledge of numerical methods applied on these models is a definite advantage.
• Ability to collaborate and communicate effectively, including within onshore / offshore team set-ups.
• Ability to drive results in a limited time duration and handle constant work-related pressure.
• Knowledge and exposure to cloud analytics platform such as GCP etc. would be a plus but not mandatory.
• Enthusiasm for proactively seeking, exploring, and developing use cases for new data and/or tools/wider industry trends

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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