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.

Model Risk Management (MRM) at HSBC is structured as a global function, headed up by the Chief Model Risk Officer (CMRO). The MRM function reports directly to the Group Chief Risk and Compliance Officer (GCRCO) ensuring its independence from the model developing and owning areas of the firm.

MRM are the second line of defence (2LoD) for Model Risk and the CMRO is the global Model Risk Steward for the group and is also accountable for the global operation of the MRM function. MRM teams are based in each region, to ensure local subject matter expertise and to guide, review, and challenge. MRM activity is managed on a global basis as many models are used in multiple locations. This enables MRM to operate consistently and efficiently globally, and to take account of additional local regulatory requirements.

We are currently seeking an experienced individual to join this team in the role ofDirector, Validation Lead

Independent Model Validation is a specialist quantitative role within the Model Risk Management team responsible for carrying out independent validations of HSBC’s model landscape, in order to identify and communicate model limitations and issues.

In this role, you will:

• Leading independent model validations of Wholesale IRB models (PD/LGD/EAD/Slotting) with the help of more junior team members.
• Validate remediation activities completed by the 1LOD to ensure appropriate resolution of identified issues.
• Work with relevant stakeholders (across 1LOD, 2LOD, 3LOD) to ensure that newly developed Wholesale IRB models are compliant with internal and regulatory expectations.
• Stay informed about the current regulatory requirements from different regulatory (PRA, ECB, HKMA) and engage in methodology committees to fully comply with this regulation.
• Drive the partial automation of validation activities in Python.
• Actively support and help more junior team members by upholding a culture of excellence & ownership in the team.

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

• Extensive experience in developing or reviewing Wholesale IRB models.
• Extensive knowledge of the applicable regulations on Wholesale IRB models by EBA/ECB, PRA or HKMA.
• Experience in leading small group of junior model developer or validators.
• Comprehensive knowledge of statistical model and scorecard development techniques.
• Experience with some statistical modelling software / programming language e.g. SAS, Python, R, Matlab, C++, VBA.
• Ability to present complex statistical concepts and results to non-technical audiences in a persuasive and compelling manner.
• Team-oriented mentality combined with ability to complete tasks independently to a high-quality standard

The base location for this role is London with Hybrid working.

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 - no matter their gender, ethnicity, disability, religion, sexual orientation, or age. We are committed to removing barriers and ensuring careers at HSBC are inclusive and accessible for everyone to be at their best. 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 have a need that requires accommodations or changes during the recruitment process, please get in touch with our Recruitment Helpdesk:

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