Manager Wholesale Model Standards and Methodology

We are currently seeking an experienced individual to join this team. Global Risk Analytics (GRA) plays a vital role in the measurement and assessment of risks for the bank. We develop sophisticated models to provide analytical solutions and tools to quantify key risk metrics used to inform business decisions and meet regulatory and financial reporting obligations.

The role holder will support the Professional Practices team with the regulatory oversight of the wholesale Internal Ratings Based (IRB) models. He/she will work with internal stakeholders, being able to demonstrate a sound knowledge and understanding of the IRB regulations, including self-assessment, the Senior Management Function (SMF) Attestation, IRB coverage, PRA notification process and regulatory interpretation.

In this role, you will:

• Assist in the self-assessment process covering IRB models and the associated risk rating system, including review and update of the line-by-line assessment, preparation of challenge and review slides and managing the end-to-end process.
• Assist in the drafting of the SMF Attestation letter (and appendices) and presentations to senior management to support internal approval.
• Assist in the review and classification of the data reported in the IRB Coverage letter and assist in the drafting of the letter and presentations to senior management to support internal approval.
• Maintain the Bank’s IRB Permission and prepare notification assessments and PRA papers.
• Provide guidance on the scope and application of the permission and support the repapering under B3.1.
• Review and comment upon policy interpretations of live and future regulations (B3.1).
• Draft the Pillar 3 disclosures for the Ring-Fenced bank and Group.
• Respond to ad hoc regulatory questions from multiple stakeholders, inside and outside Global Risk Analytics (GRA).
• Produce new process documentation or changes in the existing documentation required as part of the IRB model development.
• Define and perform controls, define and follow governance, and document processes related to other processes in Professional Practices or GRA.

To be successful in this role you should meet the following requirements:

• Excellent skills in project management and addressing compliance with internal standards.
• Strong understanding of the regulatory environment in which the bank operates, in particular CRR, SS11/13, EBA regulatory guidelines, Draft PRA handbook, SS3/24 and SS4/24.
• Deep understanding of the IRB modelling process, model lifecycle stages, and wholesale credit process and products.
• Ability to deliver within the agreed time scale, in liaison with all relevant stakeholders: team colleagues, model owners, credit, business, IT, senior management and regulators.
• Significant / relevant experience gained from working in a bank, rating agency, consultancy or advisory firm.
• Proficiency in manipulation of large data sets and excellent understanding of credit risk related data.
• Excellent communication skills and the ability to maintain close working relationship with related parties.
• Ability to develop and implement changes in process, including policy and procedure.
• Ability to write clear and understandable documents.

The base location for this role is London – Hybrid working. 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. Our recruitment processes are accessible to everyone - no matter their gender, ethnicity, disability, religion, sexual orientation, or age. 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.