Assistant Vice President – Business Consulting GSC
1 month ago
Business: Global Risk & Compliance, Model Risk Management
Open positions: 1
Role Title: Assistant Vice President – Business Consulting GSC’s
Global Career Band: 5
Location: Kolkata
Recruiter Name:Anitha Allimandadi
Why join us?
Role purpose
Model Risk Management (MRM) is part of Global Risk & Compliance and is responsible for providing second line of defence for HSBC’s model risk.
Model Risk Management comprises of three key activities, led by the Chief Model Risk Officer:
Model Risk Stewardship – Facilitating responsible 1LOD development, understanding, use, governance and controls over models; providing subject matter expertise, advice, guidance, and effective challenge across regions, businesses and functions. Independent Model Review – Technical review of models, model adjustments, model monitoring and other modelling methodologies to ensure sources of model risk are understood and appropriately managed across the different types of models used by HSBC Group. Model Risk Governance – Setting, operating, and embedding the model risk control framework. This includes managing the model risk policies and standards; promoting appropriate model identification and model inventory management; providing model risk reporting, guidance, and training to the first line of defence; evaluating model risk regulatory compliance; managing the approach to risk and control assessments; and ensuring that the model risk profile is maintained within approved risk appetite levels. In addition, Global Model Risk Governance manages the procedures and carries out quality assurance for 2LOD activities and works closely with Regional Model Risk Governance teams to support their delivery to regional and local stakeholders. Model Risk Management is also required to develop the HSBC Group’s non-model calculator control framework to promote appropriate design, implementation, use and maintenance of complex calculators that are not covered by the model risk control framework. The Manager, Global Model Risk Governance primary purpose is to support the Global Model Risk Governance team in further developing and embedding the model risk control framework and non-model calculator control framework. This includes updating the control frameworks for the PRA Model Risk Management Principles.What you’ll do:
Principal Accountabilities and Responsibilities
Help to develop and rollout model/non-model calculator policies, standards, and controls. Provide guidance and training to 1LOD for identification, inventory, tiering and lifecycle management. Prepare and analyse risk reporting to gain and communicate insights into HSBC risk profile and the control environment. Execute Global Model Risk Governance processes in support of 1LOD control framework activities. Develop 2LOD governance procedures and carry out quality assurance over governance activities. Carry out additional duties as directed by senior 2LOD Global Model Risk Governance staff.Leadership & Teamwork
Working with colleagues from Global Model Risk Governance. Liaising with and supporting Regional Model Risk Governance teams to deliver to their regional and site level stakeholders. Working with 1LOD model risk governance staff to manage and develop the control frameworks. Training the policy role holders in the 1LOD, including Owners, Sponsors and Users, in their responsibilities under the control frameworks. Acting as a central point of contact for handling 1LOD and 2LOD queries over the control frameworks. Attending, supporting, and presenting to model risk committees, forums and working groups where required. Leading ad hoc projects and working groups. RequirementsWhat you will need to succeed in the role:
Functional Knowledge
Knowledge:
Significant experience of model risk management, governance and/or model development / validation. Significant experience of local regulators and regulations. Significant experience of managing senior stakeholder and external communications. Significant knowledge and expertise of local market and HSBC’s different business lines (GBM or CMB experience preferable). Strong leadership, matrix management skills. Proven ability to develop strong networks with key stakeholders at all points in a matrix structure, creating an ability to execute task at hand with minimum conflict.Experience:
Providing expert advice and robust challenge. Delivering Model Risk Management policies. Managing Model Risks and Controls. Utilising and applying Model Risk Management in context. Able to deliver change through people. Maximises performance of people. Risk management expertise. Technical knowledge and expertise. A change agent who challenges the status quo diplomatically, constructively and positively in order to lead relevant strategies that enable safe growth of HSBC.Skills:
Stakeholder management. Business knowledge. Influencing. Objective and robust challenge. Communicating. Business and regulatory knowledge. Commercially aware. Judgement. Drives for excellence. Robust diplomacy skills. Expert problem-solving skills. Tenacious and persistent.What additional skills will be good to have?
The job holder will be required to:
Form close working relationships with senior stakeholders at regional and country level. Collaborate with Global and Regional Business Risk Stewardship colleagues to escalate risks and issues as appropriate. Execute the Group Model Risk policies and implement Operational Risk and Non-Financial Risk Programme deliverables. Adopt a risk management and internal control structure, referred to as the Three Lines of Defence, to ensure it achieves its commercial aims while meeting regulatory and legal requirements and its responsibilities to stakeholders, customers and staff. All staff must familiarise themselves and adhere at all times with the role and supporting responsibilities they play in the Three Lines of Defence. Manage multiple senior stakeholder relationships, spread across the region. Enhance risk understanding and control across HSBC’s Products and Services across the region. Work closely with key stakeholders within the region on reporting of progress against appetite and the adequacy of policy and the control environment. Provide robust guidance and advise across all regions and countries. Be adaptable from supporting the First Line of Defence achieving their goals safely to robustly challenging/escalating their risk management capability as required. Balance risk management and commerciality, while holding the first-line businesses and functions to account for managing model risk within appetite. Manage the heightened Board, Executive and regulator focus on model risk management. Operate and influence within a changing and rapidly developing regulatory environment. Support the management of model risk across a large complex banking group. Cultivate a positive risk aware culture throughout the organisation.You’ll achieve more at HSBC
HSBC is an equal opportunity employer 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. We encourage applications from all suitably qualified persons irrespective of, but not limited to, their gender or genetic information, sexual orientation, ethnicity, religion, social status, medical care leave requirements, political affiliation, people with disabilities, color, national origin, veteran status, etc., We consider all applications based on merit and suitability to the role.”
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kolkata, India HSBC Full timeBusiness: Global Risk & Compliance, Model Risk Management Open positions: 1 Role Title: Assistant Vice President – Business Consulting GSC’s Global Career Band: 5 Location: Kolkata Recruiter Name:Anitha Allimandadi Why join us? Role purpose Model Risk Management (MRM) is part of Global Risk & Compliance...
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kolkata, India HSBC Full timeBusiness: Global Risk & Compliance, Model Risk Management Open positions: 1 Role Title: Assistant Vice President – Business Consulting GSC’s Global Career Band: 5 Location: Kolkata Recruiter Name:Anitha Allimandadi Why join us? Role purpose Model Risk Management (MRM) is part of Global Risk & Compliance...
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Kolkata, India HSBC Full timeBusiness: Global Risk & Compliance, Model Risk Management Open positions: 1 Role Title: Assistant Vice President – Business Consulting GSC’s Global Career Band: 5 Location: Kolkata Recruiter Name:Anitha Allimandadi Why join us? Role purpose Model Risk Management (MRM) is part of Global Risk & Compliance and is...
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