Manager Wholesale Model Standards and Methodology

HSBC; London; Hybrid; GBP 55,000 - 95,000; Full time

Job summary

An established industry player is seeking a Manager for Wholesale Model Standards and Methodology to enhance risk management practices. This role involves overseeing the regulatory compliance of IRB models, collaborating with various stakeholders, and ensuring adherence to internal standards. The successful candidate will leverage their expertise in project management and regulatory frameworks to support the bank's objectives. Join a forward-thinking organization committed to diversity and inclusion, where your contributions will shape the future of risk analytics and compliance. This is a unique opportunity to make a significant impact in a dynamic environment.

Qualifications

• Strong understanding of banking regulations and IRB modelling.
• Experience in project management and compliance.

Responsibilities

• Assist in self-assessment of IRB models and prepare documentation.
• Review and classify data for regulatory compliance.
• Draft disclosures and respond to regulatory inquiries.

Skills

Project Management

Regulatory Compliance

Data Manipulation

Communication Skills

IRB Modelling Process

Stakeholder Management

Education

Degree in Finance or Related Field

Professional Certification (e.g., CFA)

Job description

Manager Wholesale Model Standards and Methodology

Brand: HSBC

Area of Interest: Risk and Compliance

Location: London, GB, E14 5HQ

Work style: Hybrid Worker

Date: 14 Mar 2025

We are currently seeking an experienced individual to join this team in the role of Manager Wholesale Model Standards and Methodology.

Global Risk Analytics (GRA) plays a vital role in the measurement and assessment of risks for the bank. We develop sophisticated models to provide analytical solutions and tools to quantify key risk metrics used to inform business decisions and meet regulatory and financial reporting obligations.

The role holder will support the Professional Practices team with the regulatory oversight of the wholesale Internal Ratings Based (IRB) models. He/she will work with internal stakeholders, being able to demonstrate a sound knowledge and understanding of the IRB regulations, including self-assessment, the Senior Management Function (SMF) Attestation, IRB coverage, PRA notification process and regulatory interpretation.

In this role, you will:

1. Assist in the self-assessment process covering IRB models and the associated risk rating system, including review and update of the line-by-line assessment, preparation of challenge and review slides and managing the end-to-end process.
2. Assist in the drafting of the SMF Attestation letter (and appendices) and presentations to senior management to support internal approval.
3. Assist in the review and classification of the data reported in the IRB Coverage letter and assist in the drafting of the letter and presentations to senior management to support internal approval.
4. Maintain the Bank’s IRB Permission and prepare notification assessments and PRA papers. Provide guidance on the scope and application of the permission and support the repapering under B3.1.
5. Review and comment upon policy interpretations of live and future regulations (B3.1).
6. Draft the Pillar 3 disclosures for the Ring-Fenced bank and Group.
7. Respond to ad hoc regulatory questions from multiple stakeholders, inside and outside Global Risk Analytics (GRA).
8. Produce new process documentation or changes in the existing documentation required as part of the IRB model development.
9. Define and perform controls, define and follow governance, and document processes related to other processes in Professional Practices or GRA.

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

1. Excellent skills in project management and addressing compliance with internal standards.
2. Strong understanding of the regulatory environment in which the bank operates, in particular CRR, SS11/13, EBA regulatory guidelines, Draft PRA handbook, SS3/24 and SS4/24.
3. Deep understanding of the IRB modelling process, model lifecycle stages, and wholesale credit process and products.
4. Ability to deliver within the agreed time scale, in liaison with all relevant stakeholders: team colleagues, model owners, credit, business, IT, senior management and regulators.
5. Significant / relevant experience gained from working in a bank, rating agency, consultancy or advisory firm.
6. Proficiency in manipulation of large data sets and excellent understanding of credit risk related data.
7. Excellent communication skills and the ability to maintain close working relationship with related parties.
8. Ability to develop and implement changes in process, including policy and procedure.
9. Ability to write clear and understandable documents.

The base location for this role is London – 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. 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.