Senior Manager, Data Validator

Area of Interest: Investment Banking, Markets, and Research

Location: London, GB, E14 5HQ

Work style: Hybrid Worker

Date: 11 Jan 2025

As an HSBC employee in the UK, you will have access to tailored professional development opportunities and a competitive pay and benefits package. This includes private healthcare for all UK-based employees, enhanced maternity and adoption pay and support when you return to work, and a contributory pension scheme with a generous employer contribution.

Model Risk Management (MRM) at HSBC is structured as a global function, headed up by the Chief Model Risk Officer (CMRO). The MRM function reports directly to the Group Chief Risk and Compliance Officer (GCRCO) ensuring its independence from the model developing and owning areas of the firm.

MRM are the second line of defence (2LoD) for Model Risk and the CMRO is the global Model Risk Steward for the group and is also accountable for the global operation of the MRM function. MRM teams are based in each region, to ensure local subject matter expertise and to guide, review, and challenge. MRM activity is managed on a global basis as many models are used in multiple locations. This enables MRM to operate consistently and efficiently globally, and to take account of additional local regulatory requirements.

We are currently seeking an experienced individual to join this team in the role of Senior Manager, Data Validator. The base location for this role is London with Hybrid working.

In this role, you will:

• Conduct independent model validations of Wholesale IRB models (PD/LGD/EAD/Slotting) with a strong focus on data preparation.
• Develop and review metrics to measure the data quality for development of Wholesale IRB Models.
• Support the enhancements to data flows across systems used in the bank and processes to drive efficiency across the model life cycle.
• Work with relevant stakeholders (mainly data leads and model developers) to ensure that the RDS (Reference Datasets) meet the highest standards to build Wholesale IRB models which are fully compliant with internal & external requirements.
• Validate remediation activities completed by the 1LOD to ensure appropriate resolution of identified issues.

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

• Significant experience in developing or reviewing Wholesale IRB models, with a particular focus on data preparation (e.g. by having prepared Reference Datasets).
• Significant experience in understanding & structuring complex data alongside the credit process.
• Experience with some statistical modelling software / programming language e.g. SAS, Python, R, Matlab, C++, VBA.
• Ability to present complex statistical concepts and results to non-technical audiences in a persuasive and compelling manner.
• An innovative thinker who understands latest ways of working and can apply these in a flexible way.

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 – no matter their gender, ethnicity, disability, religion, sexual orientation, or age. We are committed to removing barriers and ensuring careers at HSBC are inclusive and accessible for everyone to be at their best. 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.

If you have a need that requires accommodations or changes during the recruitment process, please get in touch with our Recruitment Helpdesk:

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