If you’re looking for a career that will unlock new opportunities, join HSBC and experience the possibilities. Whether you want a career that could take you to the top, or simply take you in an exciting new direction, HSBC offers opportunities, support, and rewards that will take you further.
Our Risk and Compliance function plays a critical role in supporting, challenging, and advising across all areas of the business by establishing policies, monitoring profiles, and managing forward-looking risk and compliance. We focus on creating an environment that encourages our people to speak up and do the right thing, while protecting our customers, the organization, and the integrity of the financial markets we operate in. As an industry leader, we aim to continue setting standards and evolving to meet strategic changes.
This role involves leading the quantitative development, validation, and monitoring of the HBEU Wholesale Advanced Internal Risk Based (AIRB) and IFRS9 corporate models for the UK (HBLO and HBUK), and supporting global model developments (HSBC-wide) to ensure their validity for UK use. Additionally, the role supports the head of Wholesale Credit Risk Analytics UK in training and coaching junior modelers.
As an HSBC employee in the UK, you will have access to tailored professional development opportunities and a competitive benefits package, including private healthcare, enhanced maternity and adoption pay, support upon return to work, and a contributory pension scheme with a generous employer contribution.
Key Responsibilities:
1. Lead the work of quantitative analysts covering UK AIRB and IFRS9 model development, validation, monitoring, and implementation.
2. Serve as a key member of the Regional GRA team overseeing the entire Risk Rating System for the bank, making decisions related to model methodology, project planning, and AIRB coverage for the UK.
3. Support and coach team colleagues responsible for data quality checks, monitoring, and reporting issues to steering committees.
4. Maintain control over data sources, model data quality, and model development, with oversight of model delivery.
5. Apply knowledge of modelling techniques and development environments, adjusting techniques as needed for data limitations and performance assumptions.
Qualifications and Skills:
* Expertise in wholesale modelling.
* Strong understanding of AIRB and IFRS9 Credit Risk modelling and regulatory rules.
* Proficiency in manipulating large datasets and understanding credit risk data.
* Practical knowledge of modelling and statistical analysis; familiarity with Machine Learning and AI is beneficial.
* Experience with programming languages, with Python preferred.
This position is based in London on a hybrid working basis.
At HSBC, we value diversity and inclusion, welcoming candidates of all backgrounds and abilities. We are committed to removing barriers and ensuring our workplace is accessible and inclusive for everyone. We are a Disability Confident Leader and will offer interviews to candidates with disabilities, long-term conditions, or neurodivergence who meet the minimum criteria.
If you require accommodations or adjustments during the recruitment process, please contact our Recruitment Helpdesk via email or phone.
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