Model Risk Oversight Analyst

HSBC; Sheffield; Hybrid; GBP 65,000 - 90,000; Full time

Benefits offered by this job

Private healthcare (UK)

Enhanced maternity pay

Contributory pension

Job summary

HSBC in the United Kingdom is seeking an experienced Model Risk Oversight Analyst to strengthen governance around lending models and Basel reporting.

You will engage with MRM, GRCR and portfolio teams to ensure timely governance outcomes, maintain inventories and deliver RMF dashboards for senior stakeholders.

Qualifications

• Experience in Credit Risk / Analytics / Modelling / Model Governance.
• Strong organisational skills to manage multiple governance deliverables to fixed timelines.
• Excellent written and spoken communication, able to tailor messages for technical and senior audiences.
• Experience with tools such as Microsoft Office; familiarity with governance tooling GMIS/Helios.
• Collaborative mindset across teams (MRM and GRCR) to drive accuracy on first pass.

Responsibilities

• Facilitate key model governance forums by producing packs, minutes and approvals and taking changes through the correct route to PRA submission where required.
• Monitor model risk metrics and compliance then explain results and elevate breaches where needed.
• Manage first line post model validation activity by tracking action plans, progressing outcomes and drafting accurate Model Sponsor summaries.
• Maintain a high-quality model inventory by keeping GMIS accurate and complete.
• Own issue and control management by monitoring MSIIs and controls and raising new MSIIs to policy standards.
• Create dashboards and monthly RMF reporting to provide clear updates for senior stakeholders.
• Deliver regulatory and policy change by adapting oversight processes to SS1/23 and Global Model Risk Policy updates.

Skills

Credit risk

Model governance

Governance & reporting

Stakeholder management

Analytical thinking

Tools

GMIS

Helios

Job description

If you're looking for a career that will help you stand out, join HSBC, and fulfil your potential - whether you want a career that could take you to the top, or an exciting new direction, we offer opportunities, support and rewards that will take you further.

We're one of the largest banking and financial services organisations in the world, with a network that covers more than 50 countries and territories. We aim to be where the growth is, enabling businesses to thrive and economies to prosper, and, ultimately, helping people fulfil their hopes and realise their ambitions.

We're currently seeking an experienced professional to join our team in the role of Model Risk Oversight Analyst.

Join our Model Risk Oversight Team within Retail Credit Risk Analytics in UK Wealth and Personal Banking (WPB) Risk. This role focuses on model risk management for models used in lending decisions and Basel regulatory reporting. You'll help ensure robust governance, issue and control management and regulatory compliance aligned to SS1/23 and Global Model Risk Policy v5.1. Working closely with stakeholders across the first and second line - including Model Risk Management (MRM), Group Retail Credit Risk (GRCR), model owners/sponsors and portfolio teams - you'll keep oversight activities running smoothly and to policy standards. Success means clear, timely governance outcomes, accurate inventories, well-managed actions from validations and reporting that gives senior stakeholders confidence in model risk compliance.

As an HSBC employee in the UK, you'll 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.

In This Role You Will

• Facilitate key model governance forums by producing packs, minutes and approvals and taking changes through the correct route to PRA submission where required
• Monitor model risk metrics and compliance then explain results and elevate breaches where needed
• Manage first line post model validation activity by tracking action plans, progressing outcomes and drafting accurate Model Sponsor summaries
• Maintain a high-quality model inventory by keeping GMIS accurate and complete
• Own issue and control management by monitoring RCR Analytics MSIIs and controls and raising new MSIIs to policy standards
• Create dashboards and monthly RMF reporting to provide clear updates for senior stakeholders
• Deliver regulatory and policy change by adapting oversight processes to SS1/23 and Global Model Risk Policy updates including tiering, conditional approvals and industry models
• Simplify and automate oversight processes through documentation, removal of duplication and improvements that strengthen team continuity

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

• Retail product knowledge including Credit Cards, Mortgages, Loans and Overdrafts.
• Experience in a relevant role within Credit Risk / Analytics / Modelling / Model Governance is desirable.
• Strong organisational skills with the ability to manage multiple governance deliverables to fixed timelines (packs, minutes, approvals, attestations, dashboards).
• Excellent written and spoken communication skills, with the ability to tailor messages for technical and senior audiences and to elevate issues clearly.
• Experience using relevant tools such as Microsoft Office/Co-Pilot; and ideally exposure to governance tooling such as GMIS/Helios.
• A collaborative mindset- able to work across teams (including MRM and GRCR) and help others get it right first time.
• Understanding of models and associated risk governance concepts would be beneficial (e.g., model changes, monitoring, inventories, issues/controls, approvals).
• Working knowledge of regulatory expectations and policy-driven delivery (experience with SS1/23 and/or model risk policy frameworks is beneficial).

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.