HSBC Bank Jobs – Lead Manager

Job Description:

We are currently seeking an experienced professional to join our team in the role of Manager/ Lead Manager – Decision Sciences. As an integral component of HSBC’s Risk Management Framework, the purpose of Independent Model Review (IMR) is to independently validate and opine on all quantitative models used within the Bank.

Job Responsibilities:

• Write high quality model validation reports, including conclusion, recommendation, detail analysis in model theory, formula, and testing
• Work on long term strategic team objectives like process improvement, contribution in strategic training programs, productivity enhancement etc.
• Participate in model control, governance, and monitoring. Assist in reporting requirements, producing detailed updates for Model Oversight Forums, Senior Internal Stakeholder Groups and Regulators
• Communicate the model review findings to model developer and owners. Ensure model limitations are correctly identified, understood, and managed
• Work with Senior Managers across IMR to build relationships with Model Developers / Owners.
• Develop independent challenger models to validate the model implementation correctness and identify the model shortcoming, assumptions, limitations
• Independently review the models being assigned, fully understand the model theory, model assumption, and validate the model building, build challenger models, provide challenge on the model performance etc.
• Effectively corroborate business intuition and expertise with the theoretical framework applied/ results derived from the models.

Job Requirements:

• Good communication skills in a professional setting
• Excellent summarization and presentation skills
• Willing to work with colleagues in other business/functional areas in different time zones
• Master’s/PhD degree in Mathematics/Statistics or any other quantitative domain.
• Strong working knowledge of one or more statistical and mathematical programming languages (for e.g. R, SAS, Python, MATLAB)
• Highly focused on project delivery, attention to detail
• Must have proven experience of financial modeling experience in Validation/Development of quantitative models.
• Good knowledge of regulatory regulations like Basel, CCAR/DFAST, PRA, SR11-7, IFRS9, CECL etc.

Job Details:

Company: HSBC

Vacancy Type: Full Time

Job Location: Howrah, West Bengal, IN

Application Deadline: N/A

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