Model Validation Specialist

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HSBC is one of the largest banking and financial services organisations in the world, with operations in 64 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 realise their ambitions.

We are currently seeking an experienced professional to join our team in the role of Model validation specialist

In this role, you will:

• Model Risk Governance - Setting the firm's model risk policies and standards, ensuring that model risk is managed within the approved tolerance levels, providing second line assurance on the implementation of policy, and monitoring regulatory developments impacting model risk.
• Model Risk Stewardship - Facilitating responsible development, understanding and use of models and analytics, as well as providing subject matter expertise, advice, guidance, and effective challenge across all entities, regions, global businesses, and functions.
• Independent Model Validation- Independently reviewing and (re)validating model
• Provide an objective, unbiased and critical opinion on the suitability and soundness of models for their intended use and the accuracy, relevance and completeness of outputs used to inform business decisions.
• Infrastructure - provides specialist technical expertise and are responsible for delivery of infrastructure and reporting capability used across all geographies, business, and functions to support the effective management of model risk.

In this role, you will:

• Undertake measures to independently execute end-to-end model validations as dictated by the Global Model Risk Policy including the assessment of, model inputs, calculations, reporting outputs, conceptual soundness of the underlying theory and the suitability of the use for its intended purpose, relevance and completeness of data, qualitative information and judgements, documentation, and implementation of the model.
• May lead and execute model validation projects for complex and material models, taking ownership from planning through completion.
• Develop and ensure high-quality, comprehensive validation reports with clear, concise, and defensible findings and recommendations
• Design, develop, and execute testing frameworks, tailored to specific model complexities to identify risks and limitations.
• Take measures to provide guidance and support to junior validation staff on specific tasks, methodologies, or complex aspects of a validation project.

To be successful you will:

• Familiarity with regulatory requirements regarding model development and validation 
• Knowledge of Risk models, performance metrics and risks and associated issues.
• Strong knowledge of model related internal procedures would be an advantage.
• Stay up-to-date with industry best practices, academic research, and evolving regulatory expectations in model risk management.
• Bachelor's or Master's degree in a quantitative field such as Mathematics, Statistics, Physics, Engineering, Finance, or a related discipline.
• Deep technical understanding of financial products, risk management, and various quantitative models.

You'll achieve more at HSBC

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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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