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Your career opportunity
As part of HSBC Group's International Wealth and Premier Banking (IWPB), the Credit Risk Model Developer role will be supporting our ambition to be the leading international wealth manager. This role is positioned within Wealth & Premier Solutions (WPS), responsible for delivering world-class products, capabilities, services, and exceptional client experiences across the wealth continuum. The role holder will engage with internal stakeholders across all management levels and must demonstrate strong professionalism and excellent communication skills. The role holder will work in a capacity of quantitative credit model specialist to develop business solutions for end-to-end management of Investment, Wealth and Lending products. This includes strategic initiatives, governance requirements, and issue resolution for credit model categories within WPS.
What you’ll do
- Conduct in-depth research to develop quantitative models that support credit risk for lending products, portfolio management, stress testing, investment strategies and risk management, enhance future state methodologies for credit models as an expert in credit risk.
- Manage and lead core business activities across modelling, relating to development, implementation and maintenance of credit models, including Probability of default (PD), Loss Given Default (LGD) and Exposure at Default (EAD) models used for the IRB-A purpose, the Point in Time (PiT) models for IFRS9 Expected Credit loss (ECL) purpose, and Stress Testing models.
- Model maintenance activities including monitoring and periodic reviews, supporting queries from Second Line of Defence, Audit and regulators, and model implementation related activities including deployment post model changes and execution of models for stress testing.
- Work on WPS model related standards, policies, processes, methodologies and governance.
- Support strategic improvements and improve efficiency by reducing manual processes through automation.
- Provide leadership by interpreting regulatory requirements for identifying and measuring Model Risks across WPS.
- Work collaboratively with all Stakeholders (Compliance, Legal, Risk, Chief Control Office, Senior Management and Group Procurement).
- Ensure Basel III reforms are implemented effectively and in full compliance across the WPS portfolio(s).
What you need to have to succeed in this role
- Strong and proven leadership skills to develop and nurture stakeholder relationships.
- Excellent relationship management and diplomacy skills, ability to communicate, influence and negotiate effectively, excellent documentation and verbal communication and presentation skills.
- Understanding of HSBC's business dynamics and portfolio management techniques.
- Extensive experience in the financial industry, specializing in credit risk modelling and regulatory compliance (including Basel III Reform package).
- Experience in wholesale or high-value retail portfolios preferred.
- Experience in portfolio management and managing model risk including regulatory reporting preferred.
- Proficiency in programming languages such as Python, SQL, R and SAS.
- Advanced degree and relevant certifications (CFA, FRM, CQF) preferred.
What we offer
The pay range for this role is 15858 PLN - 19825 PLN (monthly, gross).
Variable pay is discretionary, but influenced by Group performance, business/function performance and individual performance.
We offer a comprehensive and competitive package of benefits covering healthcare, family friendly leaves, pension and life assurance, as well as many other benefits to support your wellbeing.
- Additional bonuses for recognition awards
- Multisport card
- Private medical care
- Life insurance
- One-time reimbursement of home office set-up (up to 800 PLN)
- Cafeteria platform
- Employee assistance program
- Additional contributions to PPK scheme
- 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
- Telephone screen
- Interview with the hiring manager
Being open to different points of view is important for our business and the communities we serve. At HSBC, we’re dedicated to creating diverse and inclusive workplaces. We are committed to removing barriers and ensuring careers at HSBC are inclusive and accessible for everyone to be at their best.
If you have a need that requires accommodations or changes during the recruitment process, please let us know.
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.
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
Nombre del recruiter
Monika Pietranek
Email del recruiter
monika.pietranek@hsbc.com