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 organizations 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 Manager, Deterministic Quantitative Modeling Assurance

Principal responsibilities

• Undertake detailed reviews of Deterministic Quantitative Modeling to ensure they are fit for purpose and operating as expected.
• Including: Testing DQM’s numerical implementations, assessing the inputs, reporting outputs, suitability for the use of its intended purpose, relevance and completeness of data, documentation and implementation of the DQM, and adherence to policy.
• Conduct control testing as required. 
• Provide written reports detailing the results of the review including documentation of issues identified and reviewing the appropriateness of 1LOD remediation plans to resolve.
• Identify opportunities for control improvements
• Make recommendations for improvements in Policy and Procedure frameworks.
• Promote HSBC compliance with PRA Model Risk Management Principles and other regulatory requirements.
• Support the resolution of MSIIs and audit issues as appropriate.
• Contribute to management, regulatory, and external confidence in all DQMs used across the group.

• Experience in assurance, audit, finance or model risk management within financial services or other major industries would be beneficial.
• Experience of model/DQM/EUC validation, verification, developing, etc would be beneficial.
• Experience developing assurance automation and analytics tools preferred.
• Strong English written and oral communication skills.
• Ability to explain complex topics in a clear and concise manner.
• Strong attention to detail.
• Experience of software programming languages preferred, e.g. VBA, Python.
• Proficient with Microsoft Office particularly Excel.
• Exposure to developing quantitative tools (including End User Computing – EUCs) would be beneficial.
• Team-oriented mentality combined with ability to complete tasks independently to a high-quality standard.
• Capable of understanding complex calculator type tools and be capable of reviewing and providing oversight and guidance

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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