Risk Analytics and Modelling

Job description

Role Title: Risk Analytics and Modelling

Business: Risk Management

New or Existing Role: Existing

Grade: GCB6

Role Purpose

· Risk Analytics & Modelling roles are responsible for modelling and analytic controls covering design, development, implementation, optimisation and validation. Provision of analytics to identify risks, new risk trends, management information, forecasts, and recommend model or control amendments to address these specifically for non-Regulatory Risk purposes. Activities may support regulatory and non-regulatory purposes and the development of policy.
· This role sits within the Global Risk Analytics Financial Crime Compliace team which is within the Risk function.
· The team is responsible for the configuration, oversight, governance and control of all processes related to the Transaction Monitoring models
· Role holders will carry out activities that will include most of the following:
· Support change initiatives and escalatate any concerns
· The jobholder will assist in operation, configuration and update of Transaction Monitoring models and systems plus requirements for source system changes.
· The role holder will work with medium and large data sets to manipulate, transform and enrich structured data and identify patterns and trends in data
· This role is responsible for contributing towards driving the GRA FCR model methodology, development and implementation.
· This is an individual contributor role responsible for model development, execution of applicable risk models and support to resolve IMR feedback
· Implement company policy and contribute to the attainment of functional results
· Ensure the quality of tasks/services provided by colleagues, involving regular process checks or review of output by a co-worker and/or supervisor
· Provide advice and assistance through application of acquired knowledge
· communicate technical/ sensitive information
· Provide general guidance/direction to mentor members of the team or develop their skills
· Understand and adhere to established policies and procedures in own team

Key Accountabilities

Impact on Business

· Contribute to model methodology, development, implementation and governance projects globally and co-ordinate with regions as well.
· Functionally assist with the development methodologies and design the framework ensuring conceptual soundness
· Engage with stakeholders to manage model risk.
· Attention to time schedule and resource planning, participate to panel meetings and discussion with business experts, write good quality and comprehensive documentation.
· Maintains HSBC internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators.

Customers / Stakeholders

· Deliver fair outcomes for our customers and ensure own conduct maintains the orderly and transparent operation of financial markets.
· Global Standards Governance Forums (such as Global Standard Execution Committee, Group Risk Management Meeting and Financial System Vulnerabilities Committee) these are sub-committees of the HSBC Holdings Board
· Business, Regional & Functions to ensure impacted parties are well informed from a Group / Regional perspective on region and best practice sharing
· Engage stakeholders at the right level, on the right issues and in the appropriate context to obtain a deeper understanding of their business and responsibility, their requirements and the impacts of the services and products GRA FCC offer
· Build trust and credibility with stakeholders in order to objectively engage them and where appropriate challenge their views
· Demonstrate analytical thinking, sound judgment, critical analysis, attention to detail and provide value-added advice

Leadership & Teamwork

· Promote collaboration with Group and Regional teams to achieve business objectives
· Participate to global initiatives as well as cross-risk projects
· Project support
· Work with regional risk model owners, Finance, Risk Systems and IT
· Organise training initiatives and workshops for the Finance, Business and Risk communities
· Work collaboratively across a range of teams fostering positive working behaviours
· Support achievement of the HSBC vision, Values, goals and culture in personal behaviour, actions and decision making
· Take personal responsibility for understanding and agreeing performance expectations, completing the necessary mandatory training and developing the levels of capability and competence needed to be effective in the role
· Contribute to team development, effectiveness and success by sharing knowledge and good practice, working collaboratively with others to create a productive, diverse and supportive working environment
· Work collaboratively across a range of teams fostering positive working behaviours
· Ability to work and co-ordinate with remote site
· Build and manage relationships with IT systems, risk, CoE, IT, Operations

Operational Effectiveness & Control

· Working as per GRA TOM and Operational requirements, internal control and FIM.
· Areas to focus on:- data security, compliance, adherence to minimum standards of model development etc.

Role Context

· The function is responsible for the governance and effectiveness of Transaction Monitoring models and systems.
· Development of an efficient, sustainable process to provide data required for risk model development and on-going validation.
· Development of centralized processes to improve operational efficiency and reduces the risk of data duplication or inconsistent processing by analysts
· Support Group-wide framework for providing consultancy and support to regions and customer groups to proactively identify / elicit / articulate / priorities emerging business change requirements to maintain and improve the effectiveness of systems.
· The function owns the change management, governance, delivery and optimisation of transaction monitoring systems and models line with Group business needs and in support of key regulatory drivers.
· Work with global teams across business lines and countries
· Clearly articulating business and regulatory implications of analysis and findings to both Compliance colleagues and Senior Business Management
· Supporting decisions with sound reasoning and rationale and data analysis
· Keeping abreast of all regulatory developments together with changes to Group Standards in order to ensure appropriateness of advice.
· Be able to learn new skills and build knowledge quickly
· Working with complex system architecture and data sets
· Handling large volumes of data
· Manage the deployment of transaction monitoring models in to the Bank's Transaction Monitoring systems, collating stakeholder requirements and translating these to the appropriate settings.
· Translating complex ideas into easily understandable solutions and documentation
· Working independently and with remote teams
· Thinking and acting in a joined up manor and sharing best practise across the group whilst applying technical knowledge, often within tight timeframes.
· Operating, influencing and communicating effectively with stakeholders and other colleagues both inside and outside AML

Management of Risk

· The jobholder will ensure the fair treatment of our customers is at the heart of everything we do, both personally and as an organisation.
· This will be achieved by consistently displaying the behaviours that form part of the HSBC Values and culture and adhering to HSBC risk policies and procedures, including notification and escalation of any concerns and taking required action in relation to points raised by audit and/or external regulators.
· The jobholder is responsible for managing and mitigating operational risks in their day to day operations. In executing these responsibilities, the Group has adopted risk management and internal control structure referred to as the ‘Three Lines of Defence'. The jobholder should ensure they understand their position within the Three Lines of Defence, and act accordingly in line with operational risk policy, escalating in a timely manner where they are unsure of actions required.
· Through the implementation the Global AML, Sanctions and ABC Policies, supporting Guidance, and Line of Business Procedures the jobholder will make informed decisions in accordance with the core principles of HSBC's Financial Crime Risk Appetite.
· The following statement is only for roles with core responsibilities in Operational Risk Management (Risk Owner, Control Owner, Risk Steward, BRCM, and Operational Risk Function.
· The jobholder has responsibility for overseeing and ensuring that Operational risks are managed in accordance with the Group Standards Manual, Risk FIM, & relevant guidelines & standards. The jobholder should comply with the detailed expectations and responsibilities for their core role in operational risk management through ensuring all actions take account of operational risks, and through using the Operational Risk Management Framework appropriately to manage those risks.
· This will be achieved by:
· Continuously reassessing 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.
· Ensuring all actions take account of the likelihood of operational risk occurring, addressing areas of concern in conjunction with Risk and relevant line colleagues, and also by ensuring that actions resulting from points raised by internal or external audits, and external regulators, are correctly implemented in a timely fashion.

Observation of Internal Controls

· The jobholder will adhere to, and be able to demonstrate adherence to, internal controls and will implement the Group compliance policy by adhering to all relevant processes/procedures.
· The term ‘compliance' embraces all relevant financial services laws, rules and codes with which the business has to comply. 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 measures to contain compliance risk across the business area. This will be achieved by liaising with Compliance department about 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.

Desired profile

Qualifications :

Knowledge & Experience / Qualifications

·  AML experience, preferably gained within HSBC or one of its peers
·  Knowledge of data visualisation tools including Qlickview, SpotFire, Tableau or similar.
·  Able to produce and interrogate complex analytical data sets using tools such as SAS, Python/R, Excel, Data Meer
·  Able to produce and interrogate complex analytical data
·  Understanding business requirements and ability to convert these into positive systems changes
·  Experience in data analysis within databases ( preferably Hadoop/Teradata) using SQL/HQL to analyse large datasets
·  Excellent analytical skills with a good eye for detail and ability to draw and support conclusions from data trends.
·  Proven ability to make actionable recommendations from data
·  Awareness of business lines and the services/products they offer
·  A working knowledge of Lotus Notes, Outlook, Word, Excel, Access, Visio and PowerPoint
·  A flexible approach to working with the ability to travel to other entities within HSBC
·  Ability to work un supervised at times and direct own work
·  Strong communication and presentation skills (both verbal and written) and ability to convey information in a way that is clear, succinct, and easily understood by non-analysts and senior executives
·  Understanding or experience in Anti Money Laundering, Payments, Compliance, Analytics, Risk

As a business operating in markets all around the world, we believe diversity brings benefits for our customers, our business and our people. This is why HSBC is committed to being an inclusive employer and encourages applications from all suitably qualified applicants irrespective of background, circumstances, age, disability, gender identity, ethnicity, religion or belief and sexual orientation.

We want everyone to be able to fulfil their potential which is why we provide a range of flexible working arrangements and family friendly policies

We are an equal opportunity employer and are committed to creating a diverse environment.

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