HSBC Group

If you’re looking for a career where you can make a real impression, join our Global Service Center (GSC)- HSBC and discover how valued you’ll be.

We are currently seeking an experienced professional to join our team in the role of 

Model Monitoring Manager  

Role purpose:

Global Analytics Center (GAC), is a hub of advanced analytics competency, providing high-end analytics services across global businesses and global functions. Set-up in India in 2004, GAC has matured into a shared Centre of Excellence comprising 2000+ professionals with offices in Bangalore, Kolkata, Guangzhou, Krakow and Mexico. The work done in GAC forms a vital input towards for strategic planning by the senior management for businesses and enables effective decision making along with addressing unforeseen challenges.

GAC is an innovative community leveraging the best of data and analytics capabilities to enable smarter decisions and drive profitable growth.

Main activities: 

We play a vital role in the measurement and assessment of financial and non-financial risks for the bank.  We utilize sophisticated models to provide analytical solutions and tools to quantify key risk metrics used to inform business decisions and meet regulatory and financial reporting obligations. To improve the understanding of performance of our models we execute adequate model performance monitoring and assessment to ensure models perform as expected or, when necessary, to introduce compensating controls.  Regulations continue to evolve with various model risk management focused initiatives, stipulating wide-reaching changes for assessing model risk management compliance through observing model performance monitoring, assessment, model risk governance and controls.  A fine balance is needed to both adhere to regulatory changes and scrutiny and to achieve our strategic objectives, requiring executing efficient model monitoring/assessment and model risk governance/control plans to meet both regulatory and internal model risk management requirements.

Responsible for conducting model risk evaluation through performance monitoring and assessment of HSBC’s Wholesale Credit Risk models used in the US which encompass all model types including A-IRB, CECL/IFRS9, and CCAR/Stress Test models. 

• This includes setting and implementing the global Wholesale Credit Risk model monitoring standards and frameworks to meet evolving regulatory and internal model risk management requirements.
• You will ensure the alignment of our model performance with global and regional business strategy with the aim of supporting effective use of models as a tool for efficiently managing risk and achieving commercial outcomes. 
• You will keep on-going engagements with model developers, model users and other business stakeholders to inform them timely the outcomes of model performance monitoring and assessment and identify any model issues that may require compensating controls. 
• You will also work with independent model review team to support them conducting model validation and to remediate identified model risk issues.
• The jobholder will continually reassess the operational risks associated with the role and inherent in the business, taking account of changing economic or market conditions, legal and regulatory requirements, operating procedures and practices, management restructurings, and the impact of new technology.
• The jobholder will also adhere to and be able to demonstrate adherence to internal controls. This will be achieved by adherence to all relevant procedures, keeping appropriate records and, where appropriate, by the timely implementation of internal and external audit points, including issues raised by external regulators.
• The jobholder will implement the Group compliance policy by containing compliance risk in liaison with Global Head of Compliance, Global Compliance Officer, Area Compliance Officer or Local Compliance Officer. The term ‘compliance’ embraces all relevant financial services laws, rules and codes with which the business has to comply.
• The Jobholder will give maintenance to STAT Tool in R Shiny implementing new models and optimizing CCAR Process.
• The Jobholder will execute end to end CCAR Stress testing exercise and help with Internal Model Reviewer Quality revision and with external regulators queries.
• The Jobholder will help with CECL/IFRS 9 BAU process and giving maintenance to ECLAC Tool in Python and SAS

This will be achieved by adhering to all relevant processes/procedures and by liaising with Compliance department about new business initiatives at the earliest opportunity. Also and when applicable, by ensuring adequate resources are in place and training is provided, fostering a compliance culture and optimising relations with regulators.

• 5+ years of experience of developing predictive models leveraging statistical and (or) machine learning methods to solve complex business problems, credit risk and stress testing modelling experience is a plus.
• At least Master's degree in a quantitative discipline, e.g. Mathematics, Statistics, Economics, Computer Science, Data Science.
• Proficiency in SAS / R, Python, and MS Office tools like Excel & PowerPoint, proficient in git version control.
• Extensive experience with Machine Learning APIs and computational packages (e.g. Scikit-Learn, Numpy, SciPy, Pandas, stats models)
• Familiarity with data table operations (SQL, BigQuery, etc)
• Should be able to work both individually and collaboratively in teams.
• Experience with automatizing complex models under big data approach in R-Shiny, Python, GCP
• Experience in backend maintenance of internal tools (R-Shiny, Python, GCP)
• Must be proficient in English as the jobholder will work closely with a multicultural team placed in several countries (US, India, Poland, UK).
• Strong communication and presentation skills (both verbal and written) and ability to develop and effectively communicate complex technical concepts and ideas to non-technical/analytical recipient is a must.
• Strong interpersonal, organizational skills and willingness to work under pressure and tight deadlines.
• Highly detail oriented as it is needed to work with different Regulations         

You’ll achieve more when you join HSBC!

At HSBC we offer our colleagues a greater number of days so that they can fully enjoy their wedding, take care of the new member of the family, or grieve the loss of a family member. Our paid leave package is at the forefront in Mexico, now you have one more reason to be HSBC and proudly live a culture of well-being, balance and care

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.

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. 

***Issued by HSBC Electronic Data Processing (México) Private LTD***