Quantitative Analyst

Purpose of the role:

• This role will be responsible for supporting Wholesale Risk Analytics and data driven decision making across the regions and Group.
• The role is expected to work towards credit risk model development which includes Regulatory as well as wholesale Economic Response Models (Stress Testing, Economic Capital and IFRS9) for multiple portfolios and business decision making (planned) in close collaboration with Business heads, Risk (WCRM), Regional counterparts, Finance, Model Risk Management & Data team. 

In this role, you will:

• Development, validation, and maintenance of Regulatory credit risk models including PD, LGD, RWA for wholesale clients.
• Development, validation, and maintenance of Wholesale Economic response models (Stress Testing, IFRS9) including PD, LGD, ECL for wholesale clients.
• Expectation is to demonstrate an expertise in highly technical areas (e.g. statistical regression analysis, statistical model builds of PD, LGD and EAD models), as well as a deep understanding of the Wholesale business environment and its associated credit products.
• Knowledge and understanding of wholesale portfolio risk drivers, their use and impact on capital requirements; knowledge of regulatory capital and its components.
• Engage with team leads, senior management, project owners and project sponsors as well as model reviewers and approvers.
• Follow the global model standards when supporting model development, validation, and monitoring.
• Developing a good understanding of risk data flows from customer and product systems through to the finance and regulatory reporting systems
• Translating and presenting technical work into more acceptable form in order to get the stakeholders' buy-in.

To be successful you will:

• Relevant analytics experience in banking domain / IFRS9 risk analytics/ Stress testing
• Good exposure to credit model methodologies data requirement for Stress Testing models, AIRB and IFRS 9 modelling
• Knowledge of AIRB/IFRS9 PD, LGD or EAD credit model development would be a plus
• Decent understanding and interpretation of regulatory rules
• Strong coding skills in Python, R, SAS, Matlab, SQL etc. would be essential. Certifications like FRM, CQF or SCR will be preferable.
• Continuous adaptation to business environment under constant and occasionally dramatic change in response to the economic environment, updated regulations, and changing business tactics.
• Dependencies upon teams and functions outside of immediate area of responsibility. Contribute to a team consisting of onshore, offshore and global remote staff.
• Understands and ensure compliance with all relevant internal and external rules, regulations and procedures that apply to the conduct of the business in which jobholder is involved.

Hsbc.com/careers

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.”

Personal data held by the Bank relating to employment applications will be used in accordance with our Privacy Statement, which is available on our website.

***Issued By HSBC Electronic Data Processing (India) Private LTD***