Senior Model Review Coordinator

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.

This role has the responsibility of leading quantitative development, validation and monitoring of the HBEU Wholesale Advanced Internal Risk Based (AIRB) and IFRS9 corporate models for the UK (HBLO and HBUK), and supporting global model developments (HSBC wide) to ensure those are valid for use in the UK. In addition, the role holder will support the head of Wholesale Credit Risk Analytics UK in training/coaching more junior modellers.

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.

Key Responsibilities

• Lead the work of quantitative analysts covering UK AIRB and IFRS9 model development, validation, monitoring and implementation.
• Have a pivotal role as a member of the Regional GRA team in charge of the whole Risk Rating System for the bank making the decisions related to model methodology, project planning and AIRB coverage for UK.
• Support and coach team colleagues with responsibility for checking model data quality, monitoring, and reporting issues to the steering committees.
• Control of data sources, model data quality, model development and oversight of the model delivery.
• Possess a good knowledge of modelling techniques and model development environments, and be able to adjust modelling techniques to accommodate data limitations and model performance assumptions.

Minimum Requirements

• Expert wholesale modelling experience.
• Excellent working understanding of AIRB and IFRS9 Credit Risk modelling and a very good understanding and interpretation of regulatory rules.
• Proficiency in manipulation of large data sets and excellent understanding of credit risk related data.
• Excellent practical knowledge of modelling and statistical analysis. Knowledge of Machine Learning and AI is not required, but an understanding of this is beneficial.
• Experience of modelling using a programming language is essential; Python would be desirable.

This role is based in London on a Hybrid 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. 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.

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