Model Risk Analyst

TN United Kingdom; Sheffield; Hybrid; GBP 40,000 - 80,000; Full time

Job summary

An established industry player is seeking a Model Risk Analyst to join their Risk and Compliance function. This hybrid role offers the chance to lead model risk management activities, ensuring compliance and enhancing decision-making processes. The successful candidate will leverage their expertise in statistical models and retail products, working collaboratively with stakeholders to drive improvements. With a commitment to professional development and a competitive benefits package, this role is perfect for those looking to make a significant impact in the financial sector.

Benefits

Private healthcare

Enhanced maternity and adoption pay

Contributory pension scheme

Qualifications

• Experience in Credit/Risk/Analytics and Modelling/Model Management.
• Understanding of how statistical models apply to credit portfolios.

Responsibilities

• Lead deliverables for model risk management and model assessments.
• Communicate model performance results to stakeholders.

Skills

Retail product knowledge

Statistical models

Credit/Risk/Analytics experience

SAS

SQL

Microsoft Office

Python

Qliksense

Communication skills

Tools

SAS

SQL

Microsoft Office

Python

Qliksense

Job description

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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 Model Risk Analyst.

The role of Model Risk Analyst within the Model Management Team sits within the wider Retail Credit Risk Analytics function for the UK Wealth and Personal Banking (WPB) Risk Organisation. The role holder will report to the Head of Model Management supporting model risk management of models in use for lending decisions and regulatory reporting (Basel). The Model Management team includes analysts based in the UK and the Global Analytics Centre in India.

The role holder will be responsible for activities such as the production of model monitoring and realignments, completing regular model first line assessments, support of second line assessments and data quality report production. Non analytical elements to the role include the creation of governance forum documents, supporting the model risk owner with controls and issues management, engagement with the internal and external audit teams, and the assessment of compliance with regulation.

In this role, you will:

1. Take ownership of and independently lead deliverables for model risk management, including the production and review of model monitoring, model realignments and model assessments for UK WPB Decision and Basel Models.
2. Provide communication of model performance results and model risk status to stakeholders in model monitoring working groups. Appropriately escalating issues and proposed actions for resolution.
3. Contribute to and have influence on the project planning process, liaising with team members and wider stakeholders on a regular basis.
4. Input to continuous improvement plan, including moving reporting to the latest technologies and using innovative solutions to solve problems and/or deliver process improvements.

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

1. Retail product knowledge including knowledge of Credit Cards, Mortgages, Loans and Overdrafts.
2. An understanding of how statistical models and data driven business rules are applied effectively to credit portfolios.
3. Experience working in a similar role, i.e. Credit/Risk/Analytics and Modelling/Model Management
4. Experience of using relevant software packages such as SAS/ SQL / Microsoft Office / Python / Qliksense.
5. Excellent written and spoken communication skills; an ability to communicate with impact, ensuring complex information is articulated in a meaningful way to wide and varied audiences.

This is a hybrid role and can be based in Birmingham, Chester, Leeds or Sheffield.

You’ll achieve more when you join HSBC.

Within HSBC certain roles are designated as Enhanced Vetting Roles. For these roles, all internal and external applicants are required (subject to local laws), to pass satisfactorily a series of additional checks both as part of the application process and, if successfully recruited into the Enhanced Vetting role, on an on-going basis. The Group reserves its position with regard to any steps which it may take in relation to any material adverse findings which arise either when the checks are first carried out as part of this recruitment exercise, and/or if relevant, on an on-going basis.

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.

If you have a need that requires accommodations or changes during the recruitment process, please get in touch with our Recruitment Helpdesk: