Lead Assistant Vice President – Decision Sciences, GSC’s Job Vacancy in HSBC Bengaluru, Karnataka – Updated today

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Company Name : HSBC
Location : Bengaluru, Karnataka
Position :

Job Description : The health and safety of our employees and candidates is very important to us. Due to the current situation related to the Novel Coronavirus (2019-nCoV), we’re leveraging our digital capabilities to ensure we can continue to recruit top talent at the HSBC Group. As your application progresses, you may be asked to use one of our digital tools to help you through your recruitment journey. If so, one of our Resourcing colleagues will explain how our video-interviewing technology will be used throughout the recruitment process and will be on hand to answer any questions you might have.
Some careers have more impact than others.
If you’re looking for a career where you can make a real impression, join HSBC and discover how valued you’ll be.
HSBC is one of the largest banking and financial services organisations in the world, with operations in 64 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 realise their ambitions.
We are currently seeking an experienced professional to join our team in the role of AVP.
Business: Model Risk Management, Global Analytics Center
Role Title: Lead Assistant Vice President – Decision Sciences
Global Career Band: 5
Location: Bangalore/Kolkata
Why join us?
Global Analytics Center (GAC):
Global Analytics Center (GAC):
A mature analytics capability, the Global Analytics Center (GAC), is a hub of advanced analytics competency, providing high-end analytics services across global businesses and global functions. Set-up in India in 2004, GAC has matured into a shared Centre of Excellence comprising 2000+ professionals with offices in Bangalore, Kolkata, Guangzhou and Krakow. The work done in GAC forms a vital input towards for strategic planning by the senior management for businesses and enables effective decision making along with addressing unforeseen challenges.
GAC is an innovative community leveraging the best of data and analytics capabilities to enable smarter decisions and drive profitable growth. Rightly positioned in the two major intellectual hubs of India, Poland and China, it attracts a rich mix of resources across business consulting, data analysts, decisions scientists and advance analytics professionals. Being in these locations also enables HSBC to leverage talent from the rich academic and start-up ecosystem to keep up to date with the latest in the industry.
Today, the GAC team generates value across the group through a wide variety of data and analytic solutions and related business consulting. GAC has become a one-stop shop for the group’s analytic needs leading the integration of analytics and data-driven decisions not only in traditional areas such as Risk, Retail, Wholesale, Private & Commercial Banking but also in new domains such as Regulatory, Operations, Procurement, Human Resources, and Financial Crime Risk. It provides support to various business groups and the job involves data analysis, model and strategy development & implementation, Business Intelligence, reporting and data management
Global Business/Global Function (Risk):
Global Risk is responsible for developing, implementing and managing consistent business propositions and models across the Group, focusing on profitability and efficiency where it fits within the Group. The Risk function protects and enables HSBC in the execution of its strategy through the development of the approved risk appetite statement. The function measures, monitors and manages risk against this statement, and ensures that all global businesses and regions are operating within the boundaries of the statement. Overall, Risk has full functional responsibility for risk management and for ensuring adequate skilled resources are in place to execute this mandate

Global Business/Global Function – Sub-Function (MRM):
Model Risk Management (“MRM”) is responsible for providing second line of defense for HSBC’s model risk:
Independently Validate & challenge models developed by first line of defense in accordance with MRM Policies & procedure
Set policy, standards and guidelines for managing model risks;
Provide advice and guidance to support those policies; and
Review and challenge of the first line of defense model risk activities to provide assurance to the Model Risk Steward.
Effectively challenge models and critical processes implemented for use across different HSBC legal entities and functions
The MRM team consists of Model Risk Stewards, Model Risk Governance (“MRG”), Independent Model Review (“IMR”), and regional MRM teams. The IMR Professional Practices team is a small team that is part of MRG and is responsible for:
Establishing, implementing and maintaining the independent validation framework in alignment with the Group Model Risk Policy, industry best practice and HSBC’s model landscape.
Providing oversight and review of model validation teams testing and reporting processes and outputs.
Embedding a culture of collaboration and feedback.
Job Description:
Decision Sciences job family is structured to address business problems with quantitative solutions like building of predictive algorithms / forecasting / scenario simulations etc. Members of this Job Family are differentiated by their capability of converting a business problem into a quantitative construct, solve it with available statistical / mathematical methods (following the right rigour), engage with IT to implement and finally interpret the model outcomes in business language. The range of business problems may cover areas of business growth, improving customer experience, limiting risk exposure, capital quantification, enhancing internal business processes etc. They are required to, as necessary, embed agile & exploratory practices into their approach, justify the choice of appropriate methods to various internal and external reviewers. This talent group is expected to keep themselves apprised of latest developments and industry practices around emerging methodologies, techniques etc. and bring those in-house by applying them for better outcomes. A decision sciences job family member should be able to: –
Apply relevant analytical methods / algorithms to get actionable insights from HSBC’s internal (both structured and unstructured) and external data sources
Partner with IT / Data Engineering teams to create deployment road-map
Provide actionable solutions with clear articulation of recommendations for the business stakeholders across geographies
Independently manage delivery of analytics projects by working with business partners across regions / geographies
Actively contribute in innovative analytical solutioning for improved business performance
Principal Accountabilities and Responsibilities
Provide technical subject matter expertise and deliver technical aspects of the IMR Professional Practices activities across all model types used by HSBC, in support of the Global Head of IMR Professional Practices.
Plan, test/assess, document and report to senior management on appropriateness of:
Model validation standards, guidelines, playbooks and technical manuals.
Individual model validation reports, reviewing both technical and presentational aspects.
IMR peer review processes and outputs. This includes administering the peer review processes.
Provide input to validation policy and validation sampling approaches.
Provide training and feedback to IMR staff on findings from assurance reviews.
Other activities as required by the Global Head of IMR Professional Practices.
Work closely with colleagues in Model Risk Management to deliver IMR Professional Practices services. This will include daily interaction with members of IMR across all levels of seniority
Requirements
Skills/Experience Required:
Master’s degree in Quantitative Science (e.g. Mathematics/Statistics/Economics etc.), Engineering, or Business Administration in Finance domain.
Good understanding of model risk management and model governance processes; experience writing model governance documents, for example policies and procedures
Advanced knowledge and experience of model validation tools and methods across array of different model types
Advanced experience of technical report writing as a model developer or independent validator, including oversight of other technical staff
Prior experience of providing technical assurance or auditing of model validation activities.
Good understanding of regulatory requirements and expectations for model risk, for example SR 11-7, and for regulatory models, for example IRB/IMM/IMA
You’ll achieve more at HSBC
HSBC is an equal opportunity employer committed to building a culture where all employees are valued, respected and opinions count. We take pride in providing a workplace that fosters continuous professional development, flexible working and, opportunities to grow within an inclusive and diverse environment. We encourage applications from all suitably qualified persons irrespective of, but not limited to, their gender or genetic information, sexual orientation, ethnicity, religion, social status, medical care leave requirements, political affiliation, people with disabilities, color, national origin, veteran status, etc., We consider all applications based on merit and suitability to the role.”
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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