Audit Manager

Audit Manager, Model Risk– Global Internal Audit (GCB5) - London

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 role 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.

Global Internal Audit provides independent and objective assurance as to whether the design and operational effectiveness of the Group’s framework of risk management, control and governance processes, as designed and represented by management, is adequate.          .

We are currently seeking an individual to join the Model Risk, Global Internal Audit team that covers Global Banking (GB), in the role of Audit Manager, based in London.

As the Audit Manager you will provide assurance to the HSBC Board, regulators and the Monitor that the Group Model Risk control framework is both designed and operating effectively. Model Risk covers the model development, implementation and usage of Models and Covered Methodologies & Calculators.

This role comprises of three main elements;

• Perform Continuous Monitoring of the business and external environment to identify emerging risk that may require a change of Model Risk audit focus.
• Lead and support Model Risk audits to identify key risks that are not adequately controlled, support business/functions and consider their options to efficient and effective controlling these risks.
• Monitor and validate Model Risk Audit Issues to ensure that the root cause of control weakness have been remediated by the business.

.

In this role, you will:

• Support the Model Risk team and GIA to become more effective and efficient.
• Comply with Audit Instruction Manual documentation standards for audits and verification of audit issues.
• Add value in audits by finding control weaknesses. 
• Act as a trusted support to the business to help them determine options to develop Management Action Plans that will efficiently and effectively control their risks.
• Feed into continuous monitoring and maintain training and expertise to meet regulatory expectations.

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

• Evidence of a very solid understanding of advanced data analytics, artificial intelligence, general statistical modelling principles, techniques, applications, data issues, economic intuition behind models and the associated practical modelling risks.
• Experience and aptitude in a number of technical areas, such as credit risk modelling, Basel internal rating system development, Financial Crime Compliance models, Operational Risk modelling, financial mathematics, derivatives, analysis of market risk, econometric modelling, stress testing, scenario analysis, and actuarial modelling.
• Work experience in financial services, with deep knowledge or one or more businesses and products in which models are developed or applied: e.g., front-office trading desks, bank risk functions, risk consulting and insurance actuary.
• An understanding of major global regulatory frameworks and compliance requirements.
• Good written and verbal communication and business partnering and consulting-type skills to ensure effective review of issues with senior stakeholders
• Desirable to have a familiarity with common analytical software packages such as Python, Visual Basic, SQL, SAS, R, and Matlab.

The base location for this role is London with a hybrid working pattern.

You’ll achieve more when you join HSBC.

Being open to different points of view is important for our business and the communities we serve. At HSBC, we’re dedicated to creating diverse and inclusive workplaces. Our recruitment processes are accessible to everyone - no matter their gender, ethnicity, disability, religion, sexual orientation, or age.

We take pride in being part of the Disability Confident Scheme. This helps make sure you can be interviewed fairly if you have a disability, long term health condition, or are neurodiverse.

If you’d like to apply for one of our roles and need adjustments made, please get in touch with our Recruitment Helpdesk:

Email: hsbc.recruitment@hsbc.com
Telephone: +44 207 832 8500