Assistant Director,Risk Modeling and Monitoring

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HSBC is one of the largest banking and financial services organizations in the world, with operations in 62 countries and territories. We aim to be where the growth is, enabling businesses to thrive and economies to prosper, and, ultimately, helping people to fulfil their hopes and realize their ambitions.

We are currently seeking an experienced professional to join our team in the role of Assistant Director - Risk Modeling Monitoring.

In this role, you will:

• Design and build climate risk calculation solutions, ensuring optimization of code base and execution processes. Ensure seamless delivery of Climate related regulatory requirements for various geographies HSBC operates in.
• Robust documentation of risk developed solutions, ensuring appropriate governance
• Meticulously note the business requirements in order to design and develop analytical solutions and framework which provides appropriate insights and extends support to the business with meaningful recommendations, based on portfolio trends, market landscape and macroeconomic scenario.
• See the 'bigger picture' and take measures for assessing the relationship between recommended analytical solutions / projects and business performance. Devise measures to make decisions, even with ambiguous /incomplete data, at a pace that balances the need for further analysis and the need for timely decision given business pressures / requirements.
• Lead, conceptualize and execute new strategies/ framework. Responsible for developing strong business relationship with regional and country teams and observe an independent view of effectiveness of various strategies.
• The incumbent would be expected to effectively explain the trends by adding meaningful insights backed by relevant business knowledge independently.
• Extend strategic support in providing oversight on credit strategy / policies and processes, wherever required. Guiding and overseeing work of analysts.

To be successful you will:

• Bachelor’s degree in mathematics/ statistics/ economics or equivalent; master’s degree is preferred. At least 8 years of relevant experience in retail risk analytics preferably in the fields like Model Development, Strategy Development, Loss Forecasting/Reserving, Risk Strategy, Stress Testing etc.
• Excellent communication skills with technical (the team) and non-technical (senior entity management in region) counterparts; being able to "translate" between the two worlds is the major thing in the day-to-day work. Strong analytical skills with an ability to grasp new concepts quickly. Good understanding of business domain, and the required technical expertise.
• Considering the aspects of Climate Risk, the candidate should have experience in Natural Catastrophe Modeling (across floods, wildfire, tropical cyclones and landslides). There should also be experience in Credit Risk Strategy and should be well-versed with nuances of climate models (physical and transition risk), strategy development, strategy enhancement, strategy deployment support, strategy monitoring, portfolio deep dive and ad hoc analysis.
• There is a need to engage with the wider Risk functions as well as Products, Finance etc. and conduct significant research to dig deeper in the aspects of Physical and Transition Risk Models and Data.
• The role will involve generating visualizations/insights on the portfolio, considering what’s at risk from a climate perspective in case of new business and informing interventions in line with observed trends. Given that the models are run in Python, intermediate technical experience on the same is required.
• Good organizational, analytical, problem-solving and verbal and written communication skills. Prior experience in managing risk activities in retail lending and experience in managing people will be preferred.
• Prior experience in managing Retail portfolios such as Mortgage, Cards, Loans and Overdrafts.
• Prior experience with acquisition risk strategy, project management, account management strategy or strategy analysis and portfolio management would be preferred.

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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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