Manager Model Risk Management

Some careers shine brighter than others.

If you’re looking for a career that will help you stand out, join HSBC, and fulfil your 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.

Your career opportunity

Do you have analytical mind and like to solve quantitative problems? Can you extract statistical insights from the data? Would you like to work in an international and supportive environment, and to learn industry best practices in one of the world’s largest banks? Well, then your best match could be the Model Risk Management Team at HSBC Krakow! The Model Risk Management is an international team consisting of Model Risk Stewards,

Model Risk Governance and Independent Model Review. Independent Model Review (IMR) is a specialist quantitative group which aims at independently validating HSBC’s models.

We have roles on different levels of experience ranging from entry-level positions for graduates to seasoned professionals. We encourage you to apply regardless of your experience in quantitative model validation, we might just have the right fit for you!

What you’ll do

• Perform independent model validations as part of a specialist quantitative team within HSBC Model Risk Management department, called Independent Model Review.
• Conduct quantitative and qualitative research with focus on model data, design, performance and implementation for one of our functional streams. We cover various types of models including credit risk models (e.g. IRB, IFRS9, Stress Testing, Economic Capital, application and behavioural
• scorecards), climate risk models, as well as market risk models (e.g. VaR, IRC, RNIV, Exposure at Default, CCR RWA, pricing models, algorithmic trading models, ALCM models, Valuation models).
• Assess quantitative or expert-based models to identify their assumptions and limitations. Formulate opinions about conceptual soundness of models’ design and their adequacy for intended usage. This includes quantification of model risk drivers and assessment of their impact on the
• model credibility.

What you need to have to succeed in this role

• Academic degree (MSc or PhD), good fits are: Statistics, Mathematics, Physics, Econometrics, Quantitative Finance, or related fields.
• Programming skills -- knowledge of one of the following: R, Python, SAS, Matlab, C++, or SQL.
• Good written and verbal communication skills in English.
• Experience in independent model validation, model building and/or quantitative research (for the more senior roles).
• Professional qualifications (e.g. PRM, FRM, CQF) are beneficial.

What we offer

• Competitive salary
• Annual performance-based bonus
• Additional bonuses for recognition awards
• Multisport card
• Private medical care
• Life insurance
• One-time reimbursement of home office set-up (up to 800 PLN).
• Corporate parties & events
• CSR initiatives
• Nursery discounts
• Financial support with trainings and education
• Social fund
• Flexible working hours
• Free parking

If your CV meets our criteria, you should expect the following steps in the recruitment process:

• Online behavioural test (for external candidates only)
• Telephone screen (for external candidates only)
• Zoom interview with the hiring manager

We are looking to hire as soon as possible so don’t wait and apply now!

Youll achieve more when you join HSBC.