Assistant Director,Risk Modeling and Monitoring

Some careers have more impact than others.

If youre looking for a career where you can make a real impression join HSBC and discover how valued youll be.

HSBC is one of the largest banking and financial services organizations in the world with operations in 62 countries and territories. We aim to be where the growth is enabling businesses to thrive and economies to prosper and ultimately helping people to fulfil their hopes and realize their ambitions.

We are currently seeking an experienced professional to join our team in the role of Assistant Director-Risk Modeling and Monitoring

In this role you will:

• Perform activities pertaining to First Line of defense based on the Model Risk Management Framework & Retail Model Policy for all Retail models:
• Support Model users
• Model development based on best industry practice
• Model validation Model calibration and monitoring
• Assist the Risk steward functions in second line of defense activities
• Model documentation in line with SABB standards
• Regular review of the risk model inventory and review of BRDs/Change control documents for model changes. Engage in strategy development/modification and model monitoring & strategy monitoring activities
• Support the model reviews by IMR Internal and external Audit as well as regulatory visits; involvement in implementing the findings in a timely manner. Implementing global best practices related to model risk management

To be successful you will:

• Strong quantitative background with a degree (Masters/PhD preferred) in Statistics/ Econometrics/ Economics/Mathematical Sciences/Engineering/Finance
• Minimum of 7-8 years of experience in model development model validation and model management along with credit strategy development
• Knowledge and practical experience in risk requirements related to modelling & strategy pertaining to Retail portfolios
• Mandatory requirement to carry out any analytics related tasks independently i.e. requirement of hands-on knowledge of Retail portfolio analytics
• Knowledge and experience of model development and validation including data extraction and pre-processing model development user acceptance testing and model performance assessments of models
• Excellent programming skills in SAS/R/Python
• Ability to collaborate and communicate effectively with the senior management & onshore / offshore team set-ups
• Ability to manage projects & deliver results within stringent deadlines

achieve more at HSBC

HSBC is an equal opportunity employer committed to building a culture where all employees are valued respected and opinions count. We take pride in providing a workplace that fosters continuous professional development flexible working and opportunities to grow within an inclusive and diverse environment. We encourage applications from all suitably qualified persons irrespective of but not limited to their gender or genetic information sexual orientation ethnicity religion social status medical care leave requirements political affiliation people with disabilities color national origin veteran status etc. We consider all applications based on merit and suitability to the role.

Personal data held by the Bank relating to employment applications will be used in accordance with our Privacy Statement which is available on our website.

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