Senior Manager Independent Model Review

HSBC Global Services Limited; Dover; Hybrid; GBP 60,000 - 100,000; Full time

Job summary

An established industry player is seeking a Senior Manager for Independent Model Review, focusing on IRB model validation and compliance. This role involves leading validation activities, mentoring junior staff, and ensuring models meet regulatory standards. Join a forward-thinking organization that values professional development and offers a competitive benefits package, including private healthcare and a contributory pension scheme. Embrace the opportunity to influence strategic decisions while fostering a diverse and inclusive workplace.

Benefits

Private Healthcare

Enhanced Maternity and Adoption Pay

Contributory Pension Scheme

Professional Development Opportunities

Qualifications

• Prior experience in IRB modelling is essential.
• Strong analytical skills with attention to detail.

Responsibilities

• Conduct IRB model validation activities as per the Global Model Risk Policy.
• Lead and mentor junior resources in validation activities.

Skills

IRB Modelling

Regulatory Compliance

Analytical Skills

Stakeholder Management

Communication Skills

Job description

Senior Manager Independent Model Review

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 plays a critical role 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 organization, 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, including working towards relevant insurance qualifications, and a competitive pay and benefits package. This includes private healthcare for all UK-based employees, enhanced maternity and adoption pay, support when you return to work, and a contributory pension scheme with a generous employer contribution.

Responsibilities

1. Undertake IRB model validation activities as dictated by the Global Model Risk Policy, including assessment of data quality and relevance, conceptual soundness, model estimation methodology, qualitative information and judgments, documentation, regulatory compliance, and implementation of the model.
2. Lead and teach junior resources contributing to validation activities.
3. Provide written reports detailing validation results and highlighting issues identified during validation.
4. Validate remediation activities completed by the 1LOD to ensure appropriate resolution of issues.
5. Ensure models and tools developed, maintained, and used within the Group are compliant with internal and regulatory expectations and fit for purpose.
6. Build effective relationships with stakeholders, providing guidance to ensure compliance with regulation, policy, and risk appetite.

Requirements

• Prior IRB Modelling experience is essential (from development, validation, or regulatory side).
• Advanced understanding of regulatory developments and supervisory practices related to models, with experience dealing with auditors and regulators.
• Strong verbal and written communication skills on strategic, business, and technical levels.
• Highly analytical with strong attention to detail.
• Senior stakeholder management skills, with the ability to challenge and influence.

This role can be based in London, Hybrid.

At HSBC, we’re dedicated to creating diverse and inclusive workplaces. We’re committed to removing barriers and ensuring careers are inclusive and accessible for everyone. We take pride in being a Disability Confident Leader and will offer an interview to candidates with disabilities, long-term conditions, or neurodivergence who meet the minimum criteria.

If you require accommodations during the recruitment process, please contact our Recruitment Helpdesk at:

Email: [e-mail]

Telephone: [phone]