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    Team: Independent Model Review Work Location: Bangalore Job Description

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    sumit sinha
    The job is for an Independent Model Review team located in Bangalore. As part of HSBC's risk management framework, the team provides assurance that the bank's models are controlled and fit for purpose by examining assumptions, limitations, and implications through best-in-class technical analysis and regulatory knowledge. Key responsibilities include independently reviewing credit risk models, developing validation tests, writing reports, and managing junior analysts. The ideal candidate has a quantitative master's degree, 5+ years of financial modeling experience in risk management, knowledge of regulations and programming skills in R, SAS, or SQL.

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    Team: Independent Model Review Work Location: Bangalore Job Description

    Uploaded by

    sumit sinha
    34 views2 pages
    The job is for an Independent Model Review team located in Bangalore. As part of HSBC's risk management framework, the team provides assurance that the bank's models are controlled and fit for purpose by examining assumptions, limitations, and implications through best-in-class technical analysis and regulatory knowledge. Key responsibilities include independently reviewing credit risk models, developing validation tests, writing reports, and managing junior analysts. The ideal candidate has a quantitative master's degree, 5+ years of financial modeling experience in risk management, knowledge of regulations and programming skills in R, SAS, or SQL.

    Original Title

    JD-Wholesale -GCB 6

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    The job is for an Independent Model Review team located in Bangalore. As part of HSBC's risk management framework, the team provides assurance that the bank's models are controlled and fit for purpose by examining assumptions, limitations, and implications through best-in-class technical analysis and regulatory knowledge. Key responsibilities include independently reviewing credit risk models, developing validation tests, writing reports, and managing junior analysts. The ideal candidate has a quantitative master's degree, 5+ years of financial modeling experience in risk management, knowledge of regulations and programming skills in R, SAS, or SQL.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    34 views2 pages

    Team: Independent Model Review Work Location: Bangalore Job Description

    Uploaded by

    sumit sinha
    The job is for an Independent Model Review team located in Bangalore. As part of HSBC's risk management framework, the team provides assurance that the bank's models are controlled and fit for purpose by examining assumptions, limitations, and implications through best-in-class technical analysis and regulatory knowledge. Key responsibilities include independently reviewing credit risk models, developing validation tests, writing reports, and managing junior analysts. The ideal candidate has a quantitative master's degree, 5+ years of financial modeling experience in risk management, knowledge of regulations and programming skills in R, SAS, or SQL.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 2

    Team : Independent Model Review

    Work location : Bangalore

    Job Description

    As an integral component of HSBC’s Risk Management Framework, the purpose of


    Independent Model Review (IMR) is to assess all models used within the Group. The function
    provides the Group's Management, Regulators and Shareholders with the necessary assurance
    that the Bank's models are well controlled and fit for purpose. This is achieved through:

    ·         Best in class technical expertise, analysis and challenge;

    ·         In-depth knowledge of regulatory requirements, business and market practice;

    ·         Examination of model risk including assumptions, limitations and implications of the use
    of a model.

    Independent Model Review (IMR) is a critical second line of defense function. Its mission is to
    protect and enhance shareholder value through effective challenge of models and critical
    processes implemented for use within the HSBC North America Holdings (HNAH) legal entity.
    Examples of Models that IMR currently reviews include: Global Markets Trading & Hedging
    models, Comprehensive Capital Analysis and Review (CCAR), Economic Capital models,
    Traded Risk, Retail and Wholesale Credit Risk, Operational Risk models, Anti Money
    Laundering, Stress Testing and Scenario Analysis models, Asset Liability Management models,
    etc.

    Key Accountabilities

     ·         To work as part of the IMR function in the delivery of Model appraisals;

    ·         Responsible for model review on wholesale credit areas like C&I (Commercial and
    Industrial) , CRE (Commercial Real Estate) Portfolios etc.

    ·         Independently review the models being assigned, fully understand the model theory and
    model assumption, and verify the formula derivation;

    ·         Develop independent challenger models to validate the model implementation


    correctness and identify the model shortcoming, assumptions, limitations;

    ·         Communicate the model review findings to model developer and owners. Ensure model
    limitations are correctly identified, understood, and managed;

    PUBLIC
    ·         Write high quality model validation reports, including conclusion, recommendation,
    detail analysis in model theory, formula, and testing;

    ·         Participate in model control, governance, and monitoring. Assist in reporting


    requirements, producing detailed updates for Model Oversight Committees, Senior Internal
    Stakeholder Groups and Regulators;

    ·         Lead a team of junior analysts and be responsible for team management/ project
    management and provide guidance/coaching across multiple projects;

    ·         Work with Senior Managers across IMR to build relationships with Model Developers /
    Owners.

     Skills/ Experience Required

     ·         Master’s degree in Mathematics/Statistics/Finance/Economics/Computer


    Science/Engineering, or other quantitative fields. Bachelor’s degree from top schools in the
    above area with exceptional academic records and strong knowledge in financial modeling may
    also apply;

    ·         At least 5+ years of experience in the financial/banking industry;

    ·         Must have 5+ years of proven experience of financial modeling experience in


    validation/development in Risk Management in Wholesale domain

    ·         Good knowledge of regulatory regulations like Basel, CCAR/DFAST, PRA.

    ·         Knowledge of programming skills in one or more of R, SAS, SQL;

    ·         Experience of conducting independent model reviews is a plus;

    ·         Fluency in English both spoken and written

    PUBLIC

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