Associate, Model Risk and Business Management - Global Banking and Markets
Type: Full Time
Internal Number: 19632741
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Our Markets business is one of the largest of its kind in the world. It combines sophisticated 24- hour global coverage with a detailed knowledge of local markets. Our services are offered both online and offline in more than 60 countries and territories worldwide. We specialise in foreign exchange, credits and rates, structured derivatives, equities and debt, equity and equity-linked capital markets.
We are currently seeking a high calibre professional to join our team as an Associate, Model Risk and Business Management.
Key duties of the role holder will include:
Serving as the lead, key contact and subject matter expert for Capital Markets Product Pricing models and model risk management in the HBAP and MENA regions
Acting as the business liason between Quant team members and our key HBAP and MENA stakeholders, particularly our model users (i.e. members of the trading desk and lines of business) and second line of defense colleagues (i.e. regional Model Risk Stewards)
Ensuring that all model governance and risk management requirements are satisfied for Capital Markets Product Pricing models and model use cases used in HBAP and MENA (i.e. with respect to HSBC's model risk policy and model risk standards, as well as any local regulatory requirements)
Providing written and verbal responses to inquiries from HSBC's independent model review team, auditors (both internal and external), and regulators as required
Play a key role in driving activities required to close outstanding regulatory findings, Model Risk Indicators (MRIs), and audit findings
Generating management information (MI), slide decks, and papers on model risk management and the Quant book of work as required
Running the Asia Model Risk Oversight Forum (Asia MOF) and attending other model risk management meetings as required
Qualifications, Skills, Experience, and Subject Matter Expertise
3+ years of experience working as a Quantitative Analyst, model risk manager, model validator, or similar at a top-tier bank or "Big 4" consultancy
Demonstrable experience in Front Office / Capital Markets Product Pricing model development, risk management, governance, validation, or review
A basic understanding of industry-wide best practice relating to model risk management and governance;
Keen attention to detail
Excellent communication skills (both written and verbal)
A keen eye for visual presentation and the effective communication of data
Proven ability to work to tight timelines, juggle multiple projects / deliverables, and reprioritise their workload on the fly as the demands of the business evolve
Demonstrable ability to collaborate with and successfully influence individuals with a wide variety of subject matter expertise and technical ability
Proficiency with Microsoft Excel and Powerpoint
Previous experience / fluency in HSBC's internal model risk policies and standards desirable but not required
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Issued by The Hongkong and Shanghai Banking Corporation Limited.