Model Risk Audit Manager

3 weeks ago

Mumbai, India HSBC Full time
Some careers open more doors than others.

If you're looking for a career that will unlock new opportunities, join HSBC and experience the possibilities. Whether you want a career that could take you to the top, or simply take you in an exciting new direction, HSBC offers opportunities, support and rewards that will take you further.

Role Purpose

The overall objective is to provide assurance to the HSBC Board, regulators and the Monitor that the Group Model Risk control framework is both designed and operating effectively.

Model Risk covers the model development, implementation and usage of Models and Covered Methodologies & Calculators.

Specifically, the Model Risk Audit role comprises three main elements:

a. Perform Continuous Monitoring of the business and external environment to identify emerging risk that may require a change of Model Risk audit focus.

b. Participate or sub-lead sections for the delivery of audits, some major and/or highly complex, which provide internal customers and stakeholders with critical assessments of the HSBC governance, risk and internal control frameworks. Based on work performed, draft audit findings which articulate key issues and risks, and identify root causes

c. Monitor and validate Model Risk Audit Issues to ensure that the root cause of control weakness have been remediated by the business. Provide specialist professional advice on audit findings and recommendations, thus ensuring that they are both fully understood and properly implemented by management.

The role holder should also promote an environment that supports diversity and reflects the HSBC brand.

Principal Accountabilities:
  • Help the Model Risk team and INA generally to become more effective and efficient
  • Comply with Audit Instruction Manual documentation standards for audits and verification of audit issues.
  • Add value in audits by finding control weaknesses.
  • Act as a trusted support to the business to help them determine options to develop Management Action Plans that will efficiently and effectively control their risks
  • Feed into continuous monitoring
  • Maintain training and expertise to meet regulatory expectations.

Major Challenges inherent in the role

The main challenges of the role include:
  • Operating, influencing and communicating effectively with stakeholders and other GBL INA colleagues
  • Build and manage stakeholder relationships throughout the audit process, i.e., regulators, monitor, Senior Management and Audi
  • Continuously staying abreast of internal and external changes in the environment and providing a timely assessment to audit management.
  • Understand the Group strategy and business/functions strategies, plan and operations objectives in order to focus Internal Audit's work on the highest risks.
  • Continuously enhancing both audit skills/capabilities and subject matter knowledge on a wide range of topics such to make a meaningful contribution on the business.
  • Maintain Audit Quality standards to meets the expectations of Executive Management, Risk and Audit Committees and regulators.
  • Developing more efficient and effective processes to conduct the audit.


Requirements

  • A master's degree or higher in a quantitative subject or evidence of a very solid understanding of advanced data analytics, artificial intelligence, general statistical modelling principles, techniques, applications, data issues, economic intuition behind models and the associated practical modelling risks. Desirable to have a familiarity with common analytical software packages such as Python, Visual Basic, SQL, SAS, R, and Matlab. It will be high advantageous if the candidate has Internal/External Audit Experience.
  • Experience and aptitude in several technical areas, such as credit risk modelling, Basel internal rating system development, Financial Crime Compliance models, Operational Risk modelling, Traded Risk modelling, financial mathematics, derivatives, analysis of market risk, econometric modelling, stress testing, scenario analysis, and actuarial modelling. Candidates with less experience but with strong quantitative background and excellent communication skills are also welcome to apply .
  • Ideally 2 years of work experience in financial services, with deep knowledge or one or more businesses and products in which models are developed or applied: e.g., front-office trading desks, bank risk functions, risk consulting and insurance actuary. Past working experience in a relevant role, i.e., Internal Audit is highly desirable. Recent graduates with quantitative degree such as Mathematics, Statistics, Physics and Engineering are also welcome to apply .
  • Ideally, a comprehensive understanding of risk management and proven experience of ensuring own/others' compliance with relevant regulatory processes. An understanding of major global regulatory frameworks and compliance requirements.
  • Excellent written and spoken communication skills, an ability to communicate with impact, ensuring information is articulated in a meaningful way to wide and varied audiences.
  • Planning and prioritizing projects and activities systematically in line with business priorities, using a variety of analysis and problem-solving techniques.
  • Strong analytical, problem-solving, organizational, lateral thinking and interpersonal skills.


Useful Link

Link to Careers Site: Click HERE

You'll achieve more when you join HSBC.

HSBC is 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.

Personal data held by the Ban k relatin g to employment applications will be used in accordance with our Privacy Statement, which is available on our website.

Issued by The HSBC Professional Services India Private Limited

  • Model Risk Audit Manager

    4 weeks ago

    Mumbai, India HSBC Full time

    Some careers open more doors than others. If you’re looking for a career that will unlock new opportunities, join HSBC and experience the possibilities. Whether you want a career that could take you to the top, or simply take you in an exciting new direction, HSBC offers opportunities, support and rewards that will take you further. Role Purpose ...

  • Model Risk Audit Manager

    4 weeks ago

    mumbai, India HSBC Full time

    Some careers open more doors than others. If you’re looking for a career that will unlock new opportunities, join HSBC and experience the possibilities. Whether you want a career that could take you to the top, or simply take you in an exciting new direction, HSBC offers opportunities, support and rewards that will take you further. Role Purpose...

  • Model Risk Audit Manager

    2 weeks ago

    Mumbai, Maharashtra, India HSBC Full time

    Some careers open more doors than others. If you're looking for a career that will unlock new opportunities, join HSBC and experience the possibilities. Whether you want a career that could take you to the top, or simply take you in an exciting new direction, HSBC offers opportunities, support and rewards that will take you further. Role Purpose ...

  • Model Risk Audit Manager

    4 weeks ago

    Mumbai, Maharashtra, India HSBC Full time

    Some careers open more doors than others. If you're looking for a career that will unlock new opportunities, join HSBC and experience the possibilities. Whether you want a career that could take you to the top, or simply take you in an exciting new direction, HSBC offers opportunities, support and rewards that will take you further. Role Purpose ...

  • Model Risk Internal Audit Associate

    4 days ago

    Mumbai, India JPMorgan Chase Bank, N.A. Full time

    The Corporate Risk Audit Team is primarily responsible to assess the adequacy of the control environment across the firm's risk organization (Credit, Market, Operational, Model, etc.). This is achieved through a comprehensive program of audit coverage that is executed by a global team of business and technology auditors. Posting is for you as an auditor to...

  • IT Audit

    4 days ago

    Mumbai, Maharashtra, India Risk Pro India Limited Full time

    We have an excellent opportunity for one of our client in Mumbai Based. JD for Information Security and Compliance Specialist: **Responsibilities**: 1. Utilize 3-5 years of direct experience in information security, specializing in risk and compliance management. Proficiently conduct audits and manage audit responses and observations. 2. Implement ISMS...

  • Market Risk Audit Associate

    1 month ago

    Mumbai, India JPMorgan Chase Bank, N.A. Full time

    **Position Description** The Auditor position will be based in Mumbai /Bengaluru within the Asia Risk Audit Team, partnering closely with the Global Risk Team and Asia line of business and other functional audit teams. The Risk Audit Team is responsible for assessing the adequacy of the control environment across the firm's risk organization, with the team...

  • Manager, Operational Risk Audit

    2 months ago

    Mumbai, India HSBC Full time

    Some careers open more doors than others. If you’re looking for a career that will unlock new opportunities, join HSBC and experience the possibilities. Whether you want a career that could take you to the top, or simply take you in an exciting new direction, HSBC offers opportunities, support and rewards that will take you further. Global Internal...

  • Manager, Operational Risk Audit

    1 month ago

    mumbai, India HSBC Full time

    Some careers open more doors than others. If you’re looking for a career that will unlock new opportunities, join HSBC and experience the possibilities. Whether you want a career that could take you to the top, or simply take you in an exciting new direction, HSBC offers opportunities, support and rewards that will take you further. Global...

  • Quantitative Risk Management

    1 month ago

    mumbai, India Nomura Full time

    Nomura Overview:“Nomura is an Asia-headquartered financial services group with an integrated global network spanning over 30 countries. By ‘Connecting Markets East & West’, Nomura services the needs of individuals, institutions, corporates and governments through its three business divisions: Retail, Asset Management, and Wholesale (Global Markets and...

  • Model Risk Intern

    2 months ago

    Mumbai, India Deutsche Bank Full time

    **Job Title - **MoRM Treasury Model Validation Specialist (NCT)** **Location - Mumbai** **Role Description** Within Deutsche Bank’s Risk division, Model Risk Management (MoRM) works globally with all business and infrastructure divisions. Model Risk Management’s mission is to manage, independently and actively, model risk globally in line with the...

  • Quantitative Risk Management

    1 month ago

    Mumbai, India Nomura Full time

    Nomura Overview:“Nomura is an Asia-headquartered financial services group with an integrated global network spanning over 30 countries. By ‘Connecting Markets East & West’, Nomura services the needs of individuals, institutions, corporates and governments through its three business divisions: Retail, Asset Management, and Wholesale (Global Markets and...

  • Manager - Model Risk Management

    4 weeks ago

    mumbai, India Skill Ventory Full time

    Roles and Responsibilities Team Leader- Model Risk Management Experience: + Years with at least 7 years’ experience in Model Risk management in BFSI Grade: OL Roles and Responsibilities: Updates and monitors compliance with the Model Governance Policy, the MRM Policies and Procedures, including gap analysis and road map...

  • Credit Risk Audit Manager

    3 weeks ago

    mumbai, India HSBC Full time

    Some careers open more doors than others. If you’re looking for a career that will unlock new opportunities, join HSBC and experience the possibilities. Whether you want a career that could take you to the top, or simply take you in an exciting new direction, HSBC offers opportunities, support and rewards that will take you further. Internal...

  • Credit Risk Audit Manager

    3 weeks ago

    Mumbai, India HSBC Full time

    Some careers open more doors than others. If you’re looking for a career that will unlock new opportunities, join HSBC and experience the possibilities. Whether you want a career that could take you to the top, or simply take you in an exciting new direction, HSBC offers opportunities, support and rewards that will take you further. Internal Audit...

  • Quantitative Risk Management

    1 month ago

    mumbai, India Nomura Full time

    Nomura Overview: “Nomura is an Asia-headquartered financial services group with an integrated global network spanning over 30 countries. By ‘Connecting Markets East & West’, Nomura services the needs of individuals, institutions, corporates and governments through its three business divisions: Retail, Asset Management, and Wholesale (Global Markets...

  • Quantitative Risk Management

    1 month ago

    Mumbai, India Nomura Full time

    Nomura Overview:“Nomura is an Asia-headquartered financial services group with an integrated global network spanning over 30 countries. By ‘Connecting Markets East & West’, Nomura services the needs of individuals, institutions, corporates and governments through its three business divisions: Retail, Asset Management, and Wholesale (Global Markets and...

  • Quantitative Risk Management

    1 month ago

    Mumbai, India Nomura Full time

    Nomura Overview:“Nomura is an Asia-headquartered financial services group with an integrated global network spanning over 30 countries. By ‘Connecting Markets East & West’, Nomura services the needs of individuals, institutions, corporates and governments through its three business divisions: Retail, Asset Management, and Wholesale (Global Markets and...

  • Credit Risk

    2 months ago

    Mumbai, India The Edge Asia Full time

    Our client is one of the global reputed MNC’s which provides industry-focused services for clients across geographies. We are currently looking for a skilled professional to join their Credit Risk Modelling team in Mumbai or NCR. **Key responsibilities**: - Conducting specialist reviews and audits of IFRS 9 credit risk models for the banking clients in...

  • Associate Credit Risk Modelling

    20 hours ago

    Mumbai, India The Edge Asia Full time

    Our client is one of the global reputed MNC’s which provides industry-focused services for clients across geographies. We are currently looking for a skilled professional to join their Credit Risk Modelling team in Mumbai or NCR. **Key responsibilities**: - Conducting specialist reviews and audits of IFRS 9 credit risk models for banking clients in the...