HSBC Group

Some careers have more impact than others.

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 64 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 of Assistant Vice President, Model Governance, Traded Risk Global Risk Analytic.

Principal responsibilities:

• Analyze and interpret regulatory requirements and internal policies related to model risk management, particularly in the context of Traded Risk models.
• Collaborate with model developers and owners to ensure compliance with model governance policies throughout the model lifecycle.
• Develop and document internal procedures and templates to support model developers in adhering to regulatory standards and best practices.
• Maintain and update the model inventory, ensuring accuracy and completeness of model records, including all models and adjustments.
• Track the status of models, including their validation, approval, and performance monitoring metrics.
• Prepare formal documentation, including procedures, meeting packs, and regular model governance reports for senior management and governance committees.
• Assist in coordinating and conducting periodic model reviews and validations in collaboration with validators.
• Identify opportunities to automate governance processes, reducing manual effort and enhancing operational efficiency.
• Develop tools and applications to enable more efficient and streamline model risk governance
• Stay updated on industry trends, regulatory changes, and best practices in model risk management.
• Provide guidance to model owners and stakeholders on governance policies and best practices.
• Analyze different problem statements for actionable insights to support model-related activities.

• Bachelor’s degree in Finance, Economics, Mathematics, Statistics, Computer Science, or a related field; a Master’s degree is preferred.
• Minimum of 3-5 years of experience in risk management, model governance, data analytics, or a related field within the financial services industry.
• Experience working with Traded Risk models and understanding their development and validation processes is highly desirable.
• Familiarity with regulatory requirements related to model risk management (e.g., SR 11-7, SS1/23).
• Strong programming skills in Python, SQL, and familiarity with JavaScript for tooling development.
• Proficiency in data analysis and reporting tools (e.g., Excel, R).

Candidate with less relevant experience or skills may be offered a lower Global Career Band than stated above.

Due to the urgent hiring need, candidates with immediate right to work locally and no relocation need will be prioritised.

You’ll achieve more when you join HSBC.

HSBC is 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. Personal data held by the Bank relating to employment applications will be used in accordance with our Privacy Statement, which is available on our website.