Regulatory Project Lead Global Risk Analytics (GRA)

Regulatory Project Lead Global Risk Analytics (GRA) - 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.  

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.

We are currently seeking an experienced individual to join this team in the role of Regulatory Project Lead Global Risk Analytics (GRA).

The environment in which HSBC operates is subject to increasing regulatory change – with major changes to the regulation governing model development and model usage. The PRA has recently published new Model Governance standards (SS 1/23) and HSBC has aligned its revised Global Model Risk Policy to these new standards. The Wholesale Credit Risk Analytics (WCRA) function now needs to enhance its legacy models to ensure compliance with the new policy.

As Regulatory Project Lead (GRA), you will support the Professional Practices team to plan and execute SS1/23 remediation work for wholesale credit risk analytics models. You will manage a significant number of internal stakeholders and will be able to demonstrate program progress. You will also support senior management in understanding the impact of regulatory proposals on the business. This will require collaboration with different modelling teams globally to ensure consistent approach to achieve compliance with objectives defined by the program

In this role, you will be responsible for, but not limited to:

• Collaborate with key functions (e.g. Lines of Business, Regional GRA teams, Internal Model Review, Internal Audit, Wholesale Credit Risk, Data Architects, IT) within the model lifecycle to document current state processes and lead the remediation process for GRA models.
• Provide impact assessment for new requests and change requests on design, scope, time, budget of different aspects of program implementation; as well as to mobilise and engage with relevant stakeholders and ensuring project traction.
• Plan and lead the processes of implementing risk controls for model risk as 1LOD, following the risk taxonomy of the bank and delivering the agreed outcomes.
• Lead activities to build and maintain the governance to manage model risk across the WCRA model landscape for all model types (IRB, IFRS9, Stress Test, Climate, etc.), ensuring processes are properly documented and well understood and alignment of regions with the global governance.
• Produce new documentation or changes in the existing ones required as part of the implementation work.

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

• Good understanding of the regulatory environment in which the bank operates, SS1/23
• Strong understanding of model risk, model governance and controls
• Ability to autonomously drive delivery of projects within the agreed timescale, in liaison with all relevant stakeholders (team colleagues, model owners, credit, business, IT, senior management and regulators)
• Relevant experience in planning and deploying regulatory initiatives including changes in systems, policies, governance, controls.
• Understanding of model life cycle, ideally Wholesale Credit Risk models, governance and controls.
• Significant/relevant working experience in a bank, rating agency, consultancy or advisory firm
• Organised, analytical thinking and problem-solving skills
• Ability to prepare clear and effective presentations, documents, trainings and workshops
• Strong interpersonal and communication skills with a proven ability to communicate effectively and confidently at all levels across the Group.

The base location for this role is London – Hybrid working 

You’ll achieve more when you join HSBC.

Opening up a world of opportunity

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 a Disability Confident Leader and will offer an interview to people with disabilities, long term conditions or neurodivergent candidates who meet the minimum criteria for the role.

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