Assistant Director - Validation

Some careers shine brighter than others.

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 simply take you in an exciting new direction, HSBC offers opportunities, support and rewards that will take you further.

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 Assistant Director – Validation

 In this role, you will:

• Independently execute end-to-end model validations 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.
• Produce and ensure high-quality, comprehensive validation reports with clear, concise, and defensible findings and recommendations.
• Conduct discussions with model developers and business stakeholders regarding validation findings, model limitations, and remediation actions, escalating to Model Risk Lead as required.
• Stay up to date with industry’s best practices, academic research, and evolving regulatory expectations in model risk management.

• 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.
• Contribute to management, regulatory, and external confidence in all models used across the group

 To be successful you will:

• Familiarity with regulatory requirements regarding model development and validation (e.g. PRA, OCC/FRB, EBA, HKMA, UAE).
• Knowledge of Risk models, performance metrics and risks and associated issues.
• Good knowledge of model-related internal procedures would be an advantage.

• Deep technical expertise in statistical modelling and advanced quantitative methods.
• Proficiency in programming languages (e.g., Python, SAS, R, C++) and quantitative analysis tools.
• Strong analytical, critical thinking, and problem-solving skills, with an ability to delve into complex technical details.
• Demonstrated ability to manage project timelines and deliverables effectively.

• Adopt the risk management and internal control structure, referred to as the Three Lines of Defense. All staff must familiarize themselves and always adhere with the role and supporting responsibilities they play in the Three Lines of Defense.

You’ll achieve more when you join HSBC.

www.hsbc.com/careers

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.

***Issued By HSBC Electronic Data Processing (India) Private LTD***