MANAGER INDEPENDENT MODEL REVIEW

Our purpose - Opening up a world of opportunity - explains why we exist. We’re here to use our unique expertise, capabilities, breadth and perspectives to open up new kinds of opportunity for our more than 40 million customers. We’re bringing together the people, ideas and capital that nurture progress and growth, helping to create a better world - for our customers, our people, our investors, our communities and the planet we all share.

Model Risk Management (MRM), part of Global Risk & Compliance, is responsible for providing second line of defence for HSBC’s model risk. Model Risk Management comprises of five key areas, led by the Chief Model Risk Officer.

AS A MANAGER INDEPENDENT MODEL REVIEW YOU WILL:

• Independently review and (re)validate models and methodologies across regions, businesses, functions and risk types within the bank, including Retail and Wholesale Credit, Traded Risk, Global Banking & Markets, Financial Vulnerability, Finance, Stress Testing, Wealth, Insurance & Pensions

• Provide model users, senior management, audit & regulators (across first line of defense, second line of defense, third line of defense) with confidence that the models and tools developed, maintained and used within the Group are compliant with internal and regulatory expectations and fit for the intended purpose

• Liaise with first line of defense and other model stakeholders as appropriate to ensure model reviews and model findings are adequately resolved

• Maintain sufficient consistency of model reviews, fully participate in quality assurance reviews focusing on quality, presentation and consistency of Independent Model Review reports

• Effective communication across the modelling community to ensure Model Users and Model Developers understand the implications of their model choices

• Ensure that the models and methodologies are assessed against methodological frameworks underpinning the group’s risk measurement and management initiatives

• Ensure through independent assessment and validation that the models operate within regulatory boundaries

For this role, HSBC targets a fixed pay range between $123,600.00 and $185,400.00.

The final fixed pay offer will depend on the candidate and a number of variables, including but not limited to, role responsibilities, skill set, depth of experience and education, licensing/certification requirements, internal relativity, and specific work location.

At HSBC, our overall goal is to provide a competitive Total Reward Package, with an appropriate mix of fixed pay, and variable pay, as part of an employee’s overall total compensation and benefits. Variable pay generally takes the form of discretionary, annual awards (sometimes referred to as a “bonus”). Additionally, HSBC offers a wide range of competitive and flexible benefits designed to help you improve your health and well-being, finances, and lifestyle.

Requirements

Employment eligibility to work with HSBC in the U.S. is required as the company will not pursue visa sponsorship for these positions.

• Knowledge in one or more of the following areas: Stress Testing and Scenario Analysis models, Traded Risk and Pricing Models, Global Markets Trading & Hedging models, Asset Liability Models

• Experience with some statistical modelling software / programming language e.g. SAS, Python, R, Matlab, C++, VBA

• Experience of develop and review models throughout the customer lifecycle

• Experience of conduct independent model reviews

• Degree in a quantitative discipline like Financial Mathematics, Statistics, Econometrics, Quantitative Finance, Economics or Engineering

• Communicate complex technical modelling issues to, and deliver credible feedback to, Model Users and Model Developers

As an HSBC employee, you will have access to tailored professional development opportunities and a competitive pay and benefits package. We work hard to ensure that our workplace is a diverse, inclusive and meritocratic environment and we have a strong commitment to sustainability. Our Employee Resource Groups (ERGs) play a central part in life at HSBC, including the development of our employees and our connection to the communities and customers we serve. We value difference. We succeed together. We take responsibility. We get it done. And we want you to help us build the bank for the future!

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

HSBC is one of the world’s largest banking and financial services organizations. Our global businesses serve around 39 million customers worldwide through a network that covers 62 countries and territories. Our customers range from individual savers and investors to some of the world’s biggest companies, governments and international organizations. We aim to connect them to opportunities and help them to achieve their ambitions.