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.
responsibilities :
Undertake model validation activities as dictated by the Global Model Risk Policy including the assessment of; model inputs, calculations, reporting outputs, conceptual soundness of the underlying theory and the suitability of the use for its intended purpose, relevance and completeness of data, qualitative information and judgements, documentation, and implementation of the model.
Provide written reports detailing the results of validations and highlighting identified issues.
Assess remediation activities completed by the ILOD to ensure appropriate resolution of identified issues.
Provide coaching and guidance to new starters and junior colleagues.
requirements-expected :
Master’s or PhD degree in a quantitative discipline like Financial Mathematics, Statistics, Econometrics, Quantitative Finance, Economics or Engineering.
Experience in model development and/or validation, in particular pertaining to IFRS9 / CECL, Stress Testing, Scenario Expansion or Operational Risk.
Comprehensive knowledge of statistical and econometric techniques.
Experience with some statistical modelling software / programming language e.g. Python, R, Matlab, SAS.
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.
offered :
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
benefits :
sharing the costs of sports activities
private medical care
sharing the costs of professional training & courses
