Job description

Our purpose – Opening up a world of opportunity – explains why we exist. Here at HSBC we 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. 

Independent Model Validation is a specialist quantitative role within the Model Risk Management team responsible for carrying out independent validations of HSBC’s model landscape, in order to identify and communicate model limitations and issues. 

As our SVP Independent Model Review you will:

• Independently reviewing and (re)validating FO pricing and valuation models and methodologies with a focus on GFX and novel AI applications (e.g. GenAi) for Global Markets business
• Lead development of internal validation platform including FO pricing models for benchmarking and automation tools to optimize model risk management practices
• Supervise and coach  junior offshore validators
• Act as a model risk manager for US markets businesses, including exercising model risk controls during the course of normal business process, scheduling model reviews, addressing IMR validation findings and representing MRM in various model risk and governance fora
• Support regulatory exams and internal and external audits 

Requirements

You´ll likely have the following qualifications to succeed in this role:

• In-depth knowledge on GFX modelling
• Familiar with SR11-7 and/or SS1/23 and industry best practice of model risk management
• Hands-on experience in one or more primary trading systems such as Calypso, Summit, Murex, Sophis, and XFOS
• Advanced level coding skills in Python for pricing model development and/or data science applications
• Master’s or PhD degree (preferred) in a quantitative discipline like Mathematics, Physics, Statistics, Econometrics, Computer Science
• Manage multiple senior stakeholder relationships at global level, as well as within different lines of business, functions and regions
• Communicate complex technical modelling issues to, and deliver credible feedback to, senior stakeholders (Chief Risk Officers, Chief Financial Officers, Global Heads of Functions, etc.)