Manager - TR Model Monitoring/Calibration GSC’S

Description - External

Some Careers grow faster 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 Manager - TR Model Monitoring/Calibration GSC’S

Work Location- Bangalore

Why join us?

• This role is within the Traded Risk Model Monitoring & Calibration team established to assess the performance of the traded risk models, measure the impact on capital requirements and understand & manage the model risk, and calibration of model parameters within Traded Risk Management. The role also entails presentation of these results to stakeholders.
• Traded risk models include: (1) Market Risk models;(2) Counterparty Credit Risk models;(3) Margin models;(4) Add-on models;(5) Economic Capital 

What you’ll do:

• The Manager – Model Monitoring & Calibration role is responsible for driving model monitoring and calibration processes and providing necessary analytical support in meeting the regulatory requirements on Traded risk management & governance.
• The role is primarily responsible for ensuring that the Counterparty Credit Risk (CCR) Models and Market Risk Models adhere to the model standards and that the key performance indicators (KPI) metrics are assessed and reported to regulator on a regular basis.
• Calibrate the CCR & market risk models according to the market conditions and validate the capital and exposure numbers with Market Risk Managers and senior stakeholders.
• Ensure that new model metrics provided by model owners are implemented as per the standards of CCR models & Market Risk Models for traded risk measurement for HSBC Group and Regions.
• In addition to on-going model validation, this role is responsible for providing analytical support in all regulatory and functional requirements regarding model risk.
• Improving process efficiency through process re-engineering and automation, streamlining processes to bring in standardization and developing innovative solutions to identified or known problem statements.
• Self-starter and who can take ownership of the end-to-end processes and be able to explain the analysis to stakeholders.