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    Vp, Model Risk Management - Kraków, Polska - Hsbc Service Delivery

    Hsbc Service Delivery
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    W pełnym wymiarze godzin
    Opis

    Technologies-expected : Python R Matlab C++ VBA about-project : 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 (2 Lo D) 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.

    responsibilities :

    Undertake model validation activities as dictated by the Global Model Risk Policy including the assessment of; model inputs, calculations, reporting outputs, conceptual soundness of the underlying theory and the suitability of the use for its intended purpose, relevance and completeness of data, qualitative information and judgements, documentation, and implementation of the model.

    Provide written reports detailing the results of validations highlighting issues identified during the validation.

    Validate remediation activities completed by the ILOD to ensure appropriate resolution of identified issues.

    Work with relevant stakeholders to embed new Global Model Risk Policies and Procedures.


    Communicate across technical quantitative, business, and strategic levels to ensure that stakeholders understand the implications of model risks and limitations.


    Provide model users, model owners, senior management, audit, and regulators (across 1 LOD, 2 LOD, 3 LOD) 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.


    Provide functional leadership for a small team of Model Validators operating across geographies and the HSBC matrix, support the recruitment and retention of junior colleagues and provide coaching and guidance.

    Lead model validation activities including planning and stakeholder management.

    Liaise with 1 LOD and other model stakeholders as appropriate to ensure issues have been adequately resolved.

    Deliver, high quality, timely validation reports that add value to the business.


    Support the interaction with Group Internal Audit on model related audits, MSIIs and audit issues and ensure oversight on the implementation of any audit recommendations.


    requirements-expected : 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, etc.

    Detailed knowledge of Risk models, performance metrics and risks and associated issues.

    Detailed knowledge of local regulations and those of other country regulators would be an advantage.

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

    Experience of developing or validating models.

    Experience of presenting recommendations to Senior Management.

    Experience of conducting independent model reviews.

    Ability to present complex statistical concepts and results to non-technical audiences in a persuasive and compelling manner.

    Master's or Ph D degree in a quantitative discipline like: Statistics, Mathematics, Physics, Econometrics, Quantitative Finance, or related fields.

    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 life insurance flexible working time integration events corporate sports team doctor's duty hours in the office retirement pension plan corporate library no dress code video games at work coffee / tea parking space for employees leisure zone extra social benefits employee referral program opportunity to obtain permits and licenses charity initiatives family picnics extra leave


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