Director, Validation Lead – Commercial Banking

Job description

Job description

Some careers grow faster than others.

If you’re looking for a career that will give you plenty of opportunities to develop, join HSBC and your future will be rich with potential. 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.

HSBC Commercial Banking serves millions of businesses ranging from small, to large corporates, providing commercial customers with a full range of banking services including Global Trade and Receivables Finance, RMB solutions, multi-currency business accounts, payments and cash management, and wealth management and insurance, , as well as a comprehensive range of financing solutions. With dedicated Relationship Managers and Product Specialists providing local support and advice in over 60 countries and territories, HSBC helps connect customers to opportunities.  

Model Risk Management (MRM) at HSBC is structured as a global function, headed up by the Chief Model Risk Officer (CMRO). The MRM function reports directly to the Group Chief Risk and Compliance Officer (GCRCO) ensuring its independence from the model developing and owning areas of the firm. 

MRM are the second line of defence (2LoD) 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. 

We are currently seeking an experienced individual to join this team in the role of Director, Validation Lead . 

Independent Model Validation is a specialist quantitative role within the Model Risk Management team responsible for carrying out independent validations of HSBC’s model landscape, in order to identify and communicate model limitations and issues.

In this role, you will: 

·  Provide functional leadership for a small team of Model Validators operating across geographies and the HSBC matrix 
·  Lead independent model validations of Wholesale IRB models (PD/LGD/EAD/Slotting) with the help of more junior team members 
·  Validate remediation activities completed by the 1LOD to ensure appropriate resolution of identified issues 
·  Work with relevant stakeholders (across 1LOD, 2LOD, 3LOD) to ensure that newly developed Wholesale IRB models are compliant with internal and regulatory expectations 
·  Stay informed about the current regulatory requirements from different regulators (PRA, ECB, HKMA) and engage in methodology committees to fully comply with this regulation 
·  Drive the partial automation of validation activities in Python 
·  Actively support and help more junior team members by upholding a culture of excellence & ownership in the team

Requirements

To be successful in this role you should meet the following requirements: 

·  Extensive experience in developing or reviewing Wholesale IRB models 
·  Extensive knowledge of the applicable regulations on Wholesale IRB models by EBA/ECB, PRA or HKMA 
·  Experience in leading small group of junior model developer or validators 
·  Comprehensive knowledge of statistical model and scorecard development techniques 
·  Experience with some statistical modelling software / programming language e.g. SAS, Python, R, Matlab, C++, VBA 
·  Ability to present complex statistical 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

The base location for this role is Hong Kong with Hybrid working 

We believe that being open to a range of perspectives and cultures is vital for our business. We work hard to ensure our diverse and inclusive workplace reflects the communities we serve. We want everyone to achieve their potential – regardless of their gender, ethnicity, disability, religion, sexual orientation or age. If you have a different way of seeing the world, we are interested in hearing from you.

HSBC is committed to being an inclusive employer and providing an inclusive and accessible recruitment process for all. We will provide reasonable adjustments to remove any disadvantage to you being considered for this role. We are proud members of the Disability Confident Scheme, and will offer an interview to disabled candidates who meet the minimum criteria for the role. 

Within the workplace you will have access to various employee resource groups which aim to promote and achieve a healthy work / life balance and support our diversity ambitions. HSBC has processes in place to avoid nepotism.  This means we will avoid circumstances in which the appearance or possibility of conflicts of interest may exist within the hiring process.

You’ll achieve more when you join HSBC.
http://www.hsbc.com/careers

HSBC is 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. 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 The Hong kong and Shanghai Banking Corporation Limited.