Risk Analytics and Modelling - GAC GRA WMR AND FCR - HSBC Operations, Services and Technology - TKH

Job description

Some Careers grow faster than others.

If you're looking for further opportunities to develop your career, take the next step in fulfilling your potential right here at HSBC.

HSBC Technology and Services

HSBC Technology and Services is a pivotal part of the Group, providing essential operational and technical support to our global businesses and helping improve customer service and efficiency. HTS combines global expertise and technology to help keep us ahead of the competition.

Global Service Delivery

Within HSBC Technology and Services, Global Service Delivery is a leader in the development of services and processes that are designed around the customer and enable the firm to demonstrate to regulators that its processes and ways of working will deliver consistently high standards of compliance. Every day, customers all over the world are paying bills, buying homes and setting up companies and every day, Global Service Delivery teams are making sure all this happens smoothly.

This is a role responsible for developing and maintaining traded risk models (market risk and counterparty credit risk) in the Asia Pacific region in order to maintain and extend the regulatory permissions for internal models. The core responsibilities of the role are:

·
Manage a team of quantitative developers

·
Review, improve or re-build the existing suite of models and methodologies,

·
Improve the tools supporting testing, monitoring and regulatory approval of traded risk models

·
Contribute to projects aimed at aligning methodologies, governance and policies

·
Contribute to the execution of the model risk governance in the region Asia Pacific

·
Appropriately calibrated and applied traded risk models help ensure that risk is more accurately quantified, allocated and managed. This in turn leads to more appropriate risk-return analysis for the business.

·
Regulatory approval for effective traded risk models aligns risk measurement and capital. This is optimal and removes arbitrage.

·
Understanding of regulatory requirements means the business is forewarned of changes in the regulation and can prepare accordingly.

·
Effective communication with the GRA team at both Regional and Group levels ensures there is a strong common understanding of the models and that best practices are being applied.

·
Providing bespoke analysis for new business helps ensure that the business can make appropriate risk/capital assessments.

Desired profile

Qualifications :

· 
Minimum Masters level in Math/Computer Science/Engineering discipline

· 
Excellent understanding of Stochastic Calculus applied to quantitative finance and numerical optimisation technics

· 
Ability to break methodology design in atomic testable blocks that can be implemented in automated testing suite

· 
Very good C++/Java/Python developer not afraid to learn other languages and with a test-driven development approach

· 
Open personality and effective communication skills, ability and flexibility to work in an international team

· 
Ability to write clear and well-articulated documentation

You'll achieve more at HSBC.

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.

***Issued by HSBC Electronic Data Processing (Guangdong) Ltd. GSC China***