Job description
Business: Financial Crime
Role Title: Analyst - Model Risk Governance GSC’s
Global Career Band: 6
Location (Country / City ): India-Bangalore/Kolkata
Recruiter Name : Geetika Gupta
The Opportunity:
The Financial Crime (FC) Detection & Digital Enablement CoE is an integral part of the HSBC group’s Financial Crime function. The CoE helps detect and mitigate FC Risks across HSBC group and regions through conceptualization, development, deployment and maintenance of FC Detection solutions. FC risk is a non-financial risk that includes fraud, money laundering, bribery and corruption, sanctions violations, terrorist financing, proliferation financing, export control violations and tax evasion.
Risk Analytics & Modelling roles are responsible for modelling and analytic controls covering design, development, implementation, optimisation and validation. They provide provision of analytics to identify risks, new risk trends, management information, forecasts, and recommend model or control amendments to address these specifically for non-Regulatory Risk purposes. Activities may support regulatory and non-regulatory purposes and the development of policy.
What you’ll do:
Principal Accountabilities and Responsibilities (e.g., for Business, Customers and Stakeholders; internal control environment, etc.)
Monitor and analyse model performance to ensure accuracy, efficiency, and alignment with business objectives.
Identify trends and anomalies in model outputs, providing actionable insights to optimize performance.
Develop and enhance monitoring frameworks, ensuring scalability and adaptability across diverse use cases.
Contribute to automation and process improvement initiatives to enhance monitoring efficiency and reporting accuracy.
Support feedback loops for model refinement and retraining as needed.
Collaborate with internal and external stakeholders to ensure comprehensive monitoring and alignment with business priorities.
Communicate monitoring outcomes effectively through clear and concise reporting to facilitate decision-making.
Partner with cross-functional teams to adapt monitoring activities to evolving requirements.
Provide input and insights for governance, audit, and compliance reviews as necessary.
Ensure adherence to governance frameworks, policies, and best practices in model monitoring.
Actively contribute to addressing regulatory and audit requirements in the monitoring process.
Maintain high standards of accuracy and transparency in all monitoring activities and reports
Impact on the Business
Analysis and monitoring model performance metrics to ensure timely identification of high-risk customers, enhancing the organization's ability to detect and mitigate financial crime effectively.
Provide management and direction to cross-functional experts (pods) from analytics, technology, transformation and product management and key stakeholders across global functions and regions.
Implementing a consistent and effective management approach across the functional areas.
Prime interface within the Detection Value Stream for all Change and Prioritisation matters.
Support the FC Leadership in the delivery of investment across technology, intelligence, and analytics to enhance the efficiency, effectiveness, security and cost profile of FC.
Assist drive, develop and implement programmes to quantify impacts and implement actions to address, manage and mitigate impacts of policy and regulatory changes impacting FC Risk & Control environment.
As required by leadership, attend and represent FC in governance forums and meetings.
Customer / Stakeholders
Develop and Manage relationships with key internal stakeholders across Group functions, lines of business, regions, and countries.
Facilitate the sharing of information and creation of feedback loops across the firm, with particular focus on wider FC Detection stakeholder to continuously adapt and improve change management and optimisation.
Oversees the support and coordination capability necessary to manage the response to high priority FC Detection Feedback requiring a coordinated response across Group Financial Crime functions, Compliance, lines of business, regions, or countries.
Develop and maintain a strong and professional working relationship with Senior Management of FC, Risk, Audit and Finance at Business, Group and Regional levels
Ensure appropriate timely and relevant risk information is provided to FC leadership and appropriate governance forums
Operational Effectiveness and Control
Drive the articulation and embedding of FC Detection Optimisation controls. Ensure that these are updated for changes in regulation and impacts on business.
Resolve any / all identified issues promptly and escalate concerns to management as appropriate to ensure timely awareness of any material concerns.
Maintain and observe all HSBC control standards and implement relevant policies, including the timely implementation of recommendations made by internal / external auditors and external regulators.
Where required, support the articulation and embedding of framework, policies, procedures, and controls as they relate to FC Controls.
Maintain awareness of operational risk within the value stream and minimise the likelihood of it occurring including its identification, assessment, mitigation and control, loss identification and reporting.
Develop and present options to implement controls whilst retaining full benefit from investment in systems.
Leadership & Teamwork
Ensure effective communication across Financial Crime and the business to all key stakeholders in relation to FC Detection matters
Support the sharing of developments and best practice across the wider FC Function
Support deliver the value stream approach aligned to detection outcomes to deliver a seamless integration of cross-functional expertise
Maintain and develop positive and professional working relationships with senior business leaders, Risk and Compliance colleagues at Group, Regional and Market / Entity level
Work effectively as part of a team, taking the lead where appropriate and contributing to team output and collaboration
Foster a learning agile culture, promoting proactive review of lessons learned
Requirements
What you will need to succeed in the role:
Functional Knowledge
Strong functional and applied knowledge in Machine learning, Deep learning, AI driven analytics and statistical modelling with the ability to translate complex algorithm into actionable insights for business impact.
Understanding of Global Financial Crime landscape and the various risk typologies/dimensions/classifications and having good visibility to the eminent changes in landscape.
Existing Financial Crime Detection capabilities and the limitations therein.
Awareness of technological advancements in Financial Crime detection capabilities.
In-depth Knowledge & work experience in tools like SQL, Python, and any visualization tool like Qliksense would be added advantage
Bachelor’s/Master’s in Computer Science, Statistics, Mathematics, Data Science or related fields.
2-5 yrs of experience in Data Science roles.
Strong understanding of the Financial Services regulatory environment.
Analytical mindset with the ability to translate complex data into actionable intelligence.
Others
HSBC is an extremely diverse business with significant geographical spread and activities that span a universal banking model, including continuing to innovate to keep abreast of changes in financial services markets globally. Such activity is in an increasingly regulated and complex global environment with often little consistency between laws and regulations in different jurisdictions and regulators taking a far more proactive approach in ensuring local compliance with their requirements and imposing increasingly stringent sanctions for breaches.
The role will assist the Group in achieving a balance between the demands of regulators, external bodies and governmental initiatives and the Group’s shareholders and customers in enacting FC compliance; being alive to the political, management, regulatory and reputational implications of a particular decision and courses of action at a global level; assisting executive management in the development of controls and systems and influencing the way in which the business is conducted in order to manage these risks, meeting Group risk appetite. The increased focus on individual liability for senior managers, particularly Risk Heads, makes it increasingly important for the Group to be able to evidence adequate systems and controls. The role is one where regulatory authorities have high expectations and is likely to come under scrutiny as part of any major regulatory investigation.
(Or)
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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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***Issued By HSBC Electronic Data Processing (India) Private LTD***
Nom du recruteur
Geetika Gupta
Courriel de recruteur
geetika.gupta@hsbc.co.in