MANAGER - Group Chief Controls Oversight Office

Some careers shine brighter than others.

If you’re looking for a career that will help you stand out, join HSBC and fulfil your potential. 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.

HSBC is one of the largest banking and financial services organizations 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 realize their ambitions.

We are currently seeking an experienced professional to join our team in the role of MANAGER - Group Chief Controls Oversight Office .

In this role, you will:

• Map end-to-end processes for assigned Model Risk controls and identify the key control components within each process.
• Document distinct Model Risk control types, including remit, process steps, and handovers between teams.
• Assess assigned Model Risk controls for design and operating effectiveness, document results, and raise issues where gaps are found.
• Support VP/AVP to deliver Model Risk control testing, ensuring outputs are accurate and comply with GCCOO procedures, templates, and QC standards.
• Deliver assigned Model Risk testing on time, in line with the GCCOO testing plan and regulatory timelines/targets.
• Review root cause analysis and remediation plans for material Model Risk issues to confirm they’re sufficient and fit-for-purpose.
• Perform issue closure validation to confirm Model Risk findings are sustainably remediated by the First Line of Defence.
• Communicate effectively with local stakeholders and senior management, providing clear updates, emerging Model Risk themes, and testing outcomes while maintaining GCCOO independence.
• Produce high-quality MI (decks/papers/reports) on GCCOO activity, and promote increased use of automation and analytics in Model Risk testing.
• Contribute to strengthening GCCOO operating standards by helping enhance procedures/templates, supporting ad-hoc Model Risk assessments, and avoiding high-risk audit/assurance findings.

To be successful you will:

• Minimum of 2 years proven experience in assurance, audit, compliance or risk management within financial services or other major industries.
• A good understanding of model risk and control framework including model discovery, identification, life cycle and knowledge of relevant regional laws, regulations and the overall regulatory environment preferred.
• Ability to identify and assess the risks associated including materiality with the models. Understanding of the model risk management framework and model life cycle requirements
• Awareness of model development, implementation, and use. Proven ability to multi-task and working independently under pressure to tight deadlines in a challenging and fluid environment.
• Experience of process mapping and delivering professional reports and presentations gained within a financial services organisation or audit/consulting practice.
• Awareness of good risk management and governance frameworks including 3 lines of defence criteria.
• Understanding of the activities of relevant business lines and associated compliance risks. Ability to foster relationships whilst providing adequate challenge and effecting change while during testing.

You’ll achieve more when you join HSBC.

www.hsbc.com/careers

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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