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.
Infrastructure is a specialist technical role within the Model Risk Management team responsible for delivery of infrastructure and reporting capability used across all geographies, business and functions to support the effective management of model risk.
The team caters to both strategic and operational aspects of managing model risk and enforces Model Risk Policies through technology across the group. They are responsible for reporting production across Model Risk Management including dashboard developments, data retrieval and quality updates, model inventory reporting and attestation tracking, data visualisation and analytics, Model Risk Management data and systems management, and systems and technology enhancements.
responsibilities :
Responsible for ownership and delivery of a scalable data-model aggregating model risk systems critical data elements and ensuring data views are prepared and available to support solution delivery & associated ad-hoc business requirements.
Delivery of the Model Risk Risk Appetite Statement (RAS) reporting for HSBC Group Board, HSBC Group Chief Risk Officer, and the Chief Model Risk Officer, ensuring that reporting is BCBS239 compliant.
Deliver timely and accurate reports and solutions to support the management of model risk.
Lead the production of high-quality Business Requirement Documents for all aspects of model risk system.
Provide model risk reporting dashboards and relevant management information for internal and external communication support including reporting for board, committee and senior management, and engagement with Internal Audit and other key stakeholders.
Analyse model risk reports to identify changes and trends in model risk profile and policy adherence.
Lead analytical and highly quantitative change projects to enable 1LOD to manage model risk efficiently and effectively.
Suggest enhancements to processes and reporting to drive efficiency across the model life cycle.
Lead infrastructure activities including planning and stakeholder management.
Engage with senior management, project owners and project sponsors as well as model developers, reviewers and approvers to translate business requirements into executable instructions.
requirements-expected :
Master’s or PhD degree in a quantitative discipline like Financial Mathematics, Statistics, Econometrics, Quantitative Finance, Economics or Engineering.
Significant knowledge of the following tools OpenPages, Cognos, Tableau, SharePoint, JIRA and Confluence.
Knowledge of Qlik Sense, Tableau, Alteryx will be an asset.
Excellent knowledge of Microsoft Excel and the ability to work with large data sets is mandatory.
Comprehensive knowledge of Agile delivery management methodology.
Strong understanding of model development or model risk management processes.
Strong understanding of the product development lifecycle.
Professional experience in risk analytics in financial domain would be preferable.
Strong Business Analysis experience through lifecycle (user story creation, test management, user training & comms).
Experience of working in a mature Agile delivery pattern.
Experience to be able to identify and implement process improvements.
Project management experience is desirable, ideally with the management of medium to long terms projects.
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
