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Hsbc
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Lead Assistant Vice President Decision Sciences

Lead Assistant Vice President Decision Sciences

Hsbc

5 - 10 years

30 - 35 Lacs

Bengaluru

Posted:9 hours ago| Platform:

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Skills Required

remediation model validation Management audit Actuarial Management Assistant Vice President Econometrics Stakeholder management Financial services Recruitment

Work Mode

Work from Office

Job Type

Full Time

Job Description

Some careers have more impact than others.

HSBC is one of the largest banking and financial services organizations in the world, with operations in 62 countries and territories. We aim to be where the growth is, enabling businesses to thrive and economies to prosper, and, ultimately, helping people to fulfil their hopes and realize their ambitions.

We are currently seeking an experienced professional to join our team in the role of Lead Assistant Vice President Decision Sciences

Principal responsibilities

Undertake model validation activities as dictated by the Global Model Risk Policy including the assessment of; model inputs, calculations, reporting outputs, conceptual soundness of the underlying theory and the suitability of the use for its intended purpose, relevance and completeness of data, qualitative information and judgements, documentation, and implementation of the model.
Provide written reports detailing the results of validations highlighting issues identified during the validation.
Validate remediation activities completed by the ILOD(I line of defence) to ensure appropriate resolution of identified issues.
Work with relevant stakeholders to embed new Global Model Risk Policies and Procedures.
Provide model users, model owners, senior management, audit, and regulators (across 1LOD, 2LOD, 3LOD) with confidence that the models and tools developed, maintained, and used within the Group are compliant with internal and regulatory expectations and fit for the intended purpose.
Support the recruitment and retention of junior colleagues and provide coaching and guidance.
Lead model validation activities including planning and stakeholder management.
Deliver, high quality, timely validation reports that add value to the business.
Liaise with 1LOD and other model stakeholders as appropriate to ensure issues have been adequately resolved.
Communicate across technical quantitative, business and strategic levels to ensure that stakeholders understand the implications of model risks and limitations.
Support the management of model risk across a large complex banking group.

Requirements

Ability to present complex statistical concepts and results to non-technical audiences in a persuasive and compelling manner.
Strong communication and interpersonal skills
Ability to form effective relationships with model developers and owners and key senior stakeholders within the Insurance, Pensions and Wealth teams and across the Bank
Effective report writing skills and experience
High attention to detail
Drive to understand
Ability to prioritize competing demands and demonstrate flexibility to meet dynamic requirements
Bachelor s or Master s or PhD degree in a quantitative discipline like Financial Mathematics, Statistics, Econometrics, Quantitative Finance, Economics or Engineering.
Atleast 10 actuarial exams (as per old curriculum), preferably fully qualified, with over 5-10 years experience in the insurance industry.

Personal data held by the Bank relating to employment applications will be used in accordance with our Privacy Statement, which is available on our website.

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Hsbc

Financial Services

London

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Lead Assistant Vice President Decision Sciences