Senior Manager, Independent Model Review

Senior Manager, Independent Model Review – Risk and Compliance

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.

Our Risk and Compliance function has a critical role to play in supporting, challenging and advising across all areas of the business through establishing policy, monitoring profiles, and identifying and managing forward-looking risk and compliance. We focus on creating an environment that encourages our people to speak up and do the right thing, as well as protecting our customers, the organisation and the integrity of the financial markets in which we operate. Already an industry-leader in many respects, we want to continue setting standards and evolving to respond to strategic changes.

The Model Risk Management function is looking to hire a Senior Manager, Independent Model Review. The successful candidate will be part of the second line of defence and will play an integral role to independently validate, review and challenge models develop by model owner, and perform other MRM activities to ensure the models are operating efficiently specifically for Climate Risk.

As an HSBC employee in the UK, you will have access to tailored professional development opportunities and a competitive pay and benefits package. This includes private healthcare for all UK-based employees, enhanced maternity and adoption pay and support when you return to work, and a contributory pension scheme with a generous employer contribution.

In this role you will:

• Independently validate the ESG, climate and nature risk models developed by the first line of defence (FLoD) by preparing independent model review reports in accordance with the Global Model Risk Policy and Procedure.
• Analyse the 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, model performance, documentation, and implementation of the model.
• Confidently communicate findings to senior stakeholders, first line of defence and wider teams in a clear and concise manner.
• Support the Function Lead by ensuring that potential model risk issues, impacts to risk appetite, Internal and external audit findings and regulatory issues are managed appropriately and escalated in a timely manner as required.
• Validate remediation activities completed by the FLoD to ensure appropriate resolution of identified issues.
• Support the team in developing internal capabilities in ESG, Climate and Nature Risk model, by staying update on emerging regulatory requirements and industry practices, and tracking the evolution of new methodology.

To be successful in this role you should meet the following requirements:

• Must have prior experience in developing or validating models with thorough familiarity of the overall modelling process related to ESG, Climate Risk or Nature Risk.
• An understanding and familiarity with the Climate/ Nature Scenario Analysis, ESG scorecard, Catastrophe Modelling or Climate Impact Modelling.
• With a quantitative background with comprehensive knowledge of statistical modelling
• Proficiency in Python
• Strong ability to communicate and lead on technical analysis. The successful candidate must be able to clearly and effectively communicate findings to wider teams and stakeholders.

This role is based in Birmingham, Edinburgh or Sheffield / hybrid.

You’ll achieve more when you join HSBC.

We believe that being open to a range of perspectives and cultures is vital for our business. We work hard to ensure our diverse and inclusive workplace reflects the communities we serve. We want everyone to achieve their potential – regardless of their gender, ethnicity, disability, religion, sexual orientation or age. If you have a different way of seeing the world, we are interested in hearing from you.

HSBC is committed to being an inclusive employer and providing an inclusive and accessible recruitment process for all. We will provide reasonable adjustments to remove any disadvantage to you being considered for this role. We are proud members of the Disability Confident Scheme, and will offer an interview to disabled candidates who meet the minimum criteria for the role.

If you would like to receive any information in a different way or would like us to do anything differently to help you apply for our roles, please contact our Recruitment Helpdesk:

Email: hsbc.recruitment@hsbc.com
Telephone: +44 2078328500.
 
Within the workplace you will have access to various employee resource groups which aim to promote and achieve a healthy work / life balance and support our diversity ambitions. HSBC has processes in place to avoid nepotism.  This means we will avoid circumstances in which the appearance or possibility of conflicts of interest may exist within the hiring process.