Intern, Gac Regulatory

**Business**: Global Risk Analytics***

**Role Title** Intern, GAC Regulatory & Risk Analytics (Wholesale Credit & Market Risk)***

**Current Global Career Band: 7**

**Location: Bangalore**

**Recruiter: Shubhangi Masih**

**Open Positions:1**

**Why join us**:
**Role Purpose **_(overall high level summary of the role)_

The Global Risk Analytics (GRA) Function is accountable for Model Risk to the Group. GRA, is a newly formed quantitative analytics function spanning across the former HSBC sub-functions of WMR (market risk, CVA, CCR, credit), Operational Risk, Regulatory and Financial Crime Compliance, this is a high risk environment in the financial services industry, with the impact from regulators, customers, shareholders and the media is at an exceptional level, meaning that compliance with the letter and spirit of regulation globally has never been more important.

Global Analytics Centre (GAC) provides analytics support to various group businesses and functions. Typical deliverables include data analysis, providing analytics insights, model development, validation, calibration, strategy development, monitoring and reporting, information management and business intelligence. The deliverables form the basis for strategic planning by the senior management for businesses and enables effective decision making to satisfy business needs and requirements along with addressing unforeseen challenges. The GAC GRA team is an arm of the Group GRA Team supporting the latter with its overall commitments to global businesses and to the regulators.

This role will be responsible for supporting Global regulatory model development, support and data driven decision making across the Group and regions.

This role reports into one of the leads for Regulatory model development and Analytics, GAC - GRA

What you will do:
**Principal Accountabilities: Key activities and decision making areas Typical Targets and Measures**:
Impact on the Business & Projects
- This role is expected to work with regions towards regulatory credit risk model development, incorporating economic capital as an integral measure in risk appetite and business decision making (planned).
- Key responsibility is to work with stake holders and business partners across Group and region to develop AIRB/Stress Testing Models
- Knowledge and understanding of portfolio risk drivers, their use and impact on capital requirements; knowledge of regulatory capital and its components ; concepts of portfolio concentration and diversification
- Build a good relationship with the business probing and understanding their needs and identify areas of improvement to enhance current information infrastructure.

The role requires significant contribution in building a regulatory risk model development which is used in RWA and Capital reporting

Typical Targets and Measures

Measure: Internal and external stakeholder feedback

**Customers / Stakeholders**
- Group and Regional stakeholders in GRA space covering:

- Lead of GAC GRA Economic Capital Analytics
- Head of Group Wholesale analytics - GRA
- Regional GRA stakeholders for Wholesale

Leadership & Teamwork
- Through personal behaviors, contribute to 'best in class' employee engagement scores.
- Sharing best practice across the risk community to build the capability of staff and the effectiveness of risk functions
- Operational Effectiveness & Control
- Strengthen risk management by producing high quality credit risk economic capital methodology, analysis and reporting. Capable of informing and driving business decision making.
- Liaising with colleagues to analyze and interpret crystallized or emerging risk events, establishing underlying root causes and effective future mitigation.
- Fostering a risk aware culture by the routine embedding of risk considerations into all analysis and reporting.

Typical Targets and Measures

Measure: Internal and external stakeholder feedback

**Operational Effectiveness & Control**
- Working as per GRA TOM and GAC Operational requirements, internal control and FIM.
- Areas to focus on:

- data security, compliance, adherence to minimum standards of model development etc.

**Typical Targets and Measures**

Target: Adhere to all guidelines and requirements

Measure: NIL audit finding

**Major Challenges **_(The challenges inherent in the role that require a continual test of the role holder’s abilities)_

**Management of Risk **_(Operational Risk / FIM requirements)_

To abide by the Group business risk and control management policy by containing Information risk in conjunction with relevant Compliance Department. The term compliance embraces all relevant laws, rules and codes with which the business has to apply.

To continually re-assess the operational risks inherent in the business, taking account of changing economic or market conditions, legal and regulatory requirements, operating procedures, management restructures, and the impact of new technology in conjunction with other Group