HSBC Group

Role purpose

Global Enterprise Risk Management (ERM) is a sub function of Group Risk and Compliance. Its purpose is to make sure HSBC is equipped with a coherent Risk Management Framework, Risk Taxonomy and the tools to enable it to understand and operate within its Global Risk Appetite and effectively manage its overall risk position. It seeks to strengthen the risk culture across the organisation through driving consistent risk management practices across our businesses and functions at global, regional and market level. ERM achieves this through robust oversight and stewardship of the end-to-end processes, risks, and controls ensuring it complies with risk, business and regulatory priorities. Enabling the bank to grow safely, be forward looking, and meet its strategic objectives. 

Model Risk Management (MRM) at HSBC is structured as a global function, headed up by the Chief Model Risk Officer (CMRO). MRM are the second line of defence (LOD) for Model Risk and the CMRO is the global Model Risk Steward for the group and is also accountable for the global operation of the MRM function. MRM teams are based in each region, to ensure local subject matter expertise and to guide, review, and challenge. MRM activity is managed on a global basis as many models are used in multiple locations. This enables MRM to operate consistently and efficiently globally, and to take account of additional local regulatory requirements

Main activities

• Provide oversight and engaging with senior stakeholders for model related risk stewardship within their area of responsibility, ensuring that strong risk management is embedded across the 1st LOD, enabling safe growth. 
• Participate in Governance Forums/Committees as required.
• Support active model risk management across their area by:
  • Oversee the embedding of the Risk Taxonomy & Control Library for Model Risk.
  • Review Risk and Control (RCA) scoping, and recommending changes where applicable.
  • Provide ongoing oversight and challenge of the 1st LOD in embedding Risk Policy and monitoring ongoing compliance to the policy.
  • Support the 1st LOD in setting and managing their risk appetite and risk acceptance approach including the provision of oversight and challenge to ongoing monitoring and remediation plans (as applicable).
  • Deliver effective Risk Stewardship in line with the Risk Management Framework.
  • Provide subject matter expertise, advice, guidance, and effective challenge to the Risk and Control Owners.
  • Contribute to Enterprise Risk reporting for their area including the gathering of emerging risks and assessing the aggregate risk status for their area.
  • Provide model users, model owners, senior management, audit, and regulators (across 1LOD, 2LOD, 3LOD) with confidence that the models and tools developed, maintained, and used within the Group are compliant with internal and regulatory expectations and fit for the intended purpose.
  • Help build management, regulatory, and external confidence in all models used across the group.

Knowledge and Experience:

• Some experience in risk management at a Globally Significant Financial Institution (GSFI).
• Understands the impact of model risk within HSBC Group and its commercial context and strategic ambitions.
• Experience of model risk management, governance and/or model development / validation.
• Some knowledge of the relevant regulatory landscape and ability to access the impact of proposed changes in regulatory rules to the bank, especially those pertaining model risk.
• Knowledge of a financial institutions business model, products and key risk drivers.
• An understanding and technical expertise of model risk, including how this risk can be identified, assessed, monitored and controlled and mitigated where relevant.
• Ability to promote a strong risk control culture and continually improve risk awareness.
• Ability to develop networks with key stakeholders.
• Providing expert advice and robust challenge, delivering risk management policies and managing risks and controls

Skills:

• Ability to present complex technical concepts and results to non-technical audiences in a persuasive and compelling manner.
• Team-oriented mentality combined with ability to complete tasks independently to a high-quality standard.
• A change agent who challenges the status quo diplomatically, constructively and positively in order to lead relevant strategies that enable safe growth of HSBC.

Qualifications:

• Relevant data qualifications/certificates/experience
• A BA or BS University Degree, advanced degrees preferable, (e.g. MBA, MSc, PhD) 

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.