Manager-markets Model Review

hace 6 meses


Azcapotzalco, México HSBC A tiempo completo

-Job description
Some careers have more impact than others. If you’re looking for a career where you can make a real impression, join our Global Service Center HSBC and discover how valued you’ll be. We are currently seeking an experienced professional to join our team in the role of
- **Analyst, Markets Model Review**

**Analyst, Markets Model Review**

**Role purpose**:

- Model Risk Management (MRM), part of Global Risk & Compliance, is responsible for providing second line of defense for HSBC’s model risk. Model Risk Management, led by Chief Model Risk Officer, comprises of five key activities, including Model Risk Governance (MRG), Model Risk Stewardship, Regulatory Standards and Quality Assurance, Independent Model Review (IMR) and Model Risk Infrastructure.
- Independent Model Review is a specialist quantitative team that validate models used in the bank for various business purposes, identify, communicate and manage the associated model risk.
- Analyst of Independent Model Review is a role in the IMR team to conduct model risk management activities in model review and validation, to manage the model risk in different modelling areas and to improve bank’s model risk practice and ensure consistency with the FRB’s Guidance on Model Risk (SR11-7).
- **Main activities**:

- Reviewing and validating models and methodologies used in Markets Security and Services area across regions, businesses, and functions within the bank through different types of validation activities such as initial model reviews, annual model reviews, ongoing monitoring results review, management of action items or validation outcomes.
- Demonstrating effective challenges through evaluation of conceptual soundness of the model design, evaluation of developer testing and independent testing; assessing whether the models are fit for the intended purpose and compliant with internal and regulatory expectations.
- Documenting validation results with clear, organized, and good quality of writing. Explaining technically complex models in review report and/or in presentation with easy to understand language for non-technical audience. Maintaining sufficient consistency of model review reports.
- Liaising with 1LOD and other model stakeholders as appropriate to ensure model reviews and model risk findings are adequately resolved or have a reasonable resolution plan in place.
- Communicating across technical quantitative, business and strategic levels to ensure that stakeholders understand the implications of the identified model risks.
- Ensuring model validation process is compliant with internal guidelines and document supporting evidence where needed.
- Collaborating with HSBC Group IMR functions and MRG to ensure model validation and governance compliant with the Group and US model risk policy as well as the US and other applicable regional regulatory guidance and rules.
Requirements
- Bachelor Degree with/or Advanced degrees (MS or above) in hard science (such as math, physics, etc.), engineering fields, or quantitative finance programs.
- One or all of the following:
(1) Qualification or certification in quantitative finance.
(2) Financial certificate issued by accredited institutes such as CFA (level 1+), FRM.
(3) 1+ years of working experience in derivatives trading and risk management.
- Excellent written and verbal English skills.
- Familiar with at least one of the following programming languages: Python, C/C++, R, Matlab, VBA.
- Solid knowledge on quantitative derivative pricing theorems, stochastic processes and stochastic calculus
- Fundamental knowledge on markets products (e.g. derivatives, structured and cash products) and market making, hedging, security services (e.g prime brokerage, delta one) and e-trading businesses.
- Solid coding skills.
- Understanding of the market best practice in markets model development and validation.
- Basic understanding of regulatory programs such as CCAR and FRTB by the major regulators such as PRA, OCC, FRB, ECB, HKMA, OSFI etc.
- Understanding of stress testing, Basel/FRTB, Market Risk Management.

You’ll achieve more when you join HSBC

**Issued by HSBC Electronic Data Processing (México) Private LTD



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