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Selected candidate will lead validations of the Credit Risk Models used for Regulatory Reporting Purposes (i.e., quantitative analysis and qualitative research with focus on model data, design, performance, and implementation) to formulate opinions about models’ conceptual soundness and adequacy for intended usage.
The jobholder will play a key role in independent validation of Wholesale Credit Risk (WCR) Pillar 1 models used in HSBC Continental Europe ensuring that ECB findings have been remediated and that compliance with regulatory expectations is met. The jobholder will also perform ad-hoc review of analysis of any evidence to be submitted to the ECB for closing regulatory findings. Finally, the successful candidate will track and report the remediation of any ECB findings related to model risk. This includes findings on WCR models, but also any other models for which the ECB raised findings for HSBC Continental Europe (e.g., Traded Risk, ICAAP).
The position is within Model Risk Management (MRM) department of HSBC, which is part of Second Line of Defense and is headed up by the Chief Model Risk Officer (CMRO).
HSBC is one of the world’s largest banking and financial services organisations. Our global businesses serve more than 40 million customers worldwide through a network that covers 63 countries and territories.
HSBC Service Delivery (Polska) Sp. z o.o. is HSBCs global finance, operations, risk and technology centre. We use our unique expertise and capabilities to provide specialised services – our people range from technologists transforming the banking experience to operations professionals managing 1.7 trillion payments a year.
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