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Full-time
bachelor degree, postgraduate degree, professional certificate
Posted 9d ago
~40 hrs/week
Responsibilities
The role involves supporting regulatory model submissions and improving the suite of traded risk models and methodologies. It also requires managing model risk issues and collaborating with stakeholders to ensure compliance with governance policies.
Requirements
Candidates need 3-5 years of experience in quantitative finance or risk modelling with a degree in a quantitative field. Proficiency in Python and a strong understanding of financial mathematics and regulatory requirements are essential.
Full job description
We are currently seeking a high calibre professional to join our team as a Traded Risk Analytics Manager
In this role you will:
Support regulatory model submissions (e.g. FRTB SA, IMM(CCR), SA CVA) to different regulators (e.g. MAS, HKMA, PRA).
Review, improve or re-build the existing suite of models and methodologies,
Improve the tools supporting the testing, monitoring and regulatory approval of traded risk models.
Contribute to projects aimed at aligning methodologies, governance and policies.
Analyze and interpret regulatory requirements and internal policies related to model risk management, particularly for Traded Risk models.
Collaborate with model owners to ensure compliance with model governance policies throughout the model lifecycle.
Maintain and update the model inventory, ensuring the accuracy and completeness of model records for Asia and Middle East.
Understand both regulatory and business requirements and propose fit-for-purpose models.
Demonstrate a good understanding of traded risk model features, assumptions, and limitations.
Monitor and manage model risk issues, remediation plans, and policy dispensations.
Clearly articulate our modelling approach to internal and external stakeholders (including regulators), using non-technical language when required.
Assist in the ongoing application of models within a business-as-usual risk management framework.
Work with a degree of autonomy, handling complex technical information while providing sound judgment and clear direction.
To be successful you will need:
Minimum of 3-5 years’ experience in the financial industry involving quantitative finance and/or risk modelling.
Experience working with Traded Risk models and understanding their development and validation processes is highly desirable.
M.Sc./Bachelor holder in Quantitative Finance/Physics/Mathematics, or related discipline.
Sound understanding of financial mathematics, mathematical analysis, statistics and linear algebra.
Sound understanding of risk measures.
Knowledge of derivative products and their pricing.
Familiarity with regulatory requirements related to traded risk models and model risk management (e.g., Basel 3.1, SR 11-7, SS1/23).
Good knowledge of Python programming language. Other programming skills are a plus.
Open personality and effective written and oral communication skills in English.
Knowledge of key regulatory requirements and bodies.
Experience in writing and reviewing methodology documents.
Opening up a world of opportunity for our customers, investors, ourselves and the planet.
We're a financial services organisation that serves more than 40 million customers, ranging from individual savers and investors to some of the world’s biggest companies and governments. Our network covers 58 countries and territories, and we’re here to use our unique expertise, capabilities, breadth and perspectives to open up a world of opportunity for our customers.
HSBC is listed on the London, Hong Kong, New York, and Bermuda stock exchanges.
To view our social media terms and conditions please visit the following webpage: http://www.hsbc.com/social-TandCs
Offices: 8 Canada Square, London, E14 5HQ, GB · 1 Queen's Road Central, Central, Hong Kong, HK · Florida 201, Buenos Aires City, Buenos Aires Autonomous City 1005, AR · 425 5th Ave, New York, NY 10018, US · DUONG Dong Khoi 1, Ho Chi Minh City, Thanh Pho Ho Chi Minh, VN
BankingFinancial ServicesInternational Finance and BankingWealth ManagementCorporate and Business Bankingretail bankingInsuranceRetail BankingInvestment BankingCommercial Banking
Opening up a world of opportunity for our customers, investors, ourselves and the planet.
We're a financial services organisation that serves more than 40 million customers, ranging from individual savers and investors to some of the world’s biggest companies and governments. Our network covers 58 countries and territories, and we’re here to use our unique expertise, capabilities, breadth and perspectives to open up a world of opportunity for our customers.
HSBC is listed on the London, Hong Kong, New York, and Bermuda stock exchanges.
To view our social media terms and conditions please visit the following webpage: http://www.hsbc.com/social-TandCs
Offices: 8 Canada Square, London, E14 5HQ, GB · 1 Queen's Road Central, Central, Hong Kong, HK · Florida 201, Buenos Aires City, Buenos Aires Autonomous City 1005, AR · 425 5th Ave, New York, NY 10018, US · DUONG Dong Khoi 1, Ho Chi Minh City, Thanh Pho Ho Chi Minh, VN
BankingFinancial ServicesInternational Finance and BankingWealth ManagementCorporate and Business Bankingretail bankingInsuranceRetail BankingInvestment BankingCommercial Banking