Job description
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 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 of Assistant Vice President - Stress Test Modelling, Finance Operations
Principal responsibilities
- Lead a small team of modelers in developing best in class statistical/analytical/ML models in Python and deploying these across various products & portfolios for internal and regulatory stress testing programs
- Be involved hands-on across the various stages of modeling life cycle like defining model scope to model development, validation, testing, documentation, scenario analysis etc.
- Lead model execution to generate quality modeled output for the consumption of senior business leaders & regulators. Translate model outputs into forecasted business outcomes and explain them to business stakeholders.
- Provide analytical solutions by drawing linkages between model outcomes, portfolio specific nuances and internal and external regulations
- Support development and deployment of new tools and modelling techniques – Python, R, Machine Learning solutions, cloud (preferred) to live business problems on a day-to-day basis.
- Drive business benefits through self-initiated projects. Act as a Subject Matter Expert (SME) in modeling.
- Ensure adherence with all the applicable compliance policies (Data security policy, AML, operational risk, Functional manual, Group Compliance Manual, Audit recommendations, Internal Control requirements, regulatory guidelines etc.) and business standards of Organization as applicable. Take timely action on Audit comments and be able to demonstrate compliance with Internal controls
- Stay on top of changing regulatory needs, reporting standards and understand their impact on the models
- Work with multiple stakeholders/functions on multiple projects simultaneously and deliver in a timely, efficient and effective manner, while understanding the overall objective. Lead a modelling team in ADA Analytics whose purpose is to support the bank’s Global Strategic Planning & Stress Testing program
- Lead the end-to-end modeling lifecycle for a suite of Stress test and PPNR models, along with supporting regulatory stress test submissions for a range of portfolios.
Requirements
- Seasoned Data Scientist with prior experience in Modeling, Data analytics and large data handling in a financial services firm
- Masters or Ph. D in Economics, Statistics, Engineering, MBA or equivalent
- Relevant experience in analytics specifically in the fields: Treasury Analytics, Interest Rate Risk to the Banking Book, Stress Testing, Credit Risk Modeling, Stress Testing, CCAR (Comprehensive Capital Analysis and Review) /PPNR (Pre-Provision Net Revenue), Loss Forecasting, Reserving, IFRS 9, CECL etc. for a Banking organization. Treasury, IRRBB, Stress Testing experience preferred
- Excellent knowledge of statistics and statistical and machine-learning based modelling techniques
- Commercial acumen – good knowledge of Banking product and its dynamics, conceptual soundness of related financial ratios, P&L and drivers
- Superlative python programming skills – experience in object-oriented programming preferred – and ability to build models in pythonA
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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