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HSBC is one of the largest banking and financial services organizations in the world, with operations in 62 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 Vice President, Deterministic Quantitative Modeling Assurance

Principal responsibilities

Undertake detailed reviews of Deterministic Quantitative Modeling to ensure they are fit for purpose and operating as expected.Including: Testing DQM’s numerical implementations, assessing the inputs, reporting outputs, suitability for the use of its intended purpose, relevance and completeness of data, documentation and implementation of the DQM, and adherence to policy.Conduct control testing as required. Provide written reports detailing the results of the review including documentation of issues identified and reviewing the appropriateness of 1LOD remediation plans to resolve. Identify opportunities for control improvementsSupport and coach more junior colleagues who carry out review / validations, using experience and knowledge to intervene and escalate as and when required.Make recommendations for improvements in Policy and Procedure frameworksPromote HSBC compliance with PRA Model Risk Management Principles and other regulatory requirements. Support the resolution of MSIIs and audit issues as appropriate.Contribute to management, regulatory, and external confidence in all DQMs used across the group.Support the management of DQM risk across a large complex banking group.Support the management of DQM risk whilst significant transformational activity is being implemented globally. Operate within a changing and rapidly developing regulatory environment.Continually support HSBC's approach to conduct and cultivate a positive risk aware culture, which is designed to ensure we deliver fair outcomes for our customers and do not disrupt the orderly and transparent operation of financial markets.Maintain awareness of operational risk and minimize the likelihood of it occurring, including its identification, assessment, mitigation and control, loss identification and reporting in accordance with the HSBC Operational Risk Management.Adopt a risk management and internal control structure, referred to as the Three Lines of Defence, to ensure it achieves its commercial aims while meeting regulatory and legal requirements and its responsibilities to stakeholders, customers and staff. All staff must familiarise themselves and adhere at all times with the role and supporting responsibilities they play in the Three Lines of Defence.