Lead Assistant Vice President Decision Science Gsc’s

Business: Model Risk Management

Open positions:1

Role Title: LEAD ASSISTANT VICE PRESIDENT DECISION SCIENCE GSC’s

Global Career Band: 5

Location (Country / City ):India-Gurgaon/ Bangalore

Recruiter Name : Anitha Allimandadi

The Opportunity:

Global Analytics Center (GAC):

• A mature analytics capability, the Global Analytics Center (GAC), is a hub of advanced analytics competency, providing high-end analytics services across global businesses and global functions. Set-up in India in 2004, GAC has matured into a shared Centre of Excellence comprising 2000+ professionals with offices in Bangalore, Kolkata, Guangzhou and Krakow. The work done in GAC forms a vital input towards for strategic planning by the senior management for businesses and enables effective decision making along with addressing unforeseen challenges.
• GAC is an innovative community leveraging the best of data and analytics capabilities to enable smarter decisions and drive profitable growth. Rightly positioned in the two major intellectual hubs of India, Poland and China, it attracts a rich mix of resources across business consulting, data analysts, decisions scientists and advance analytics professionals. Being in these locations also enables HSBC to leverage talent from the rich academic and start-up ecosystem to keep up to date with the latest in the industry.
• Today, the GAC team generates value across the group through a wide variety of data and analytic solutions and related business consulting. GAC has become a one-stop shop for the group’s analytic needs leading the integration of analytics and data-driven decisions not only in traditional areas such as Risk, Retail, Wholesale, Private & Commercial Banking but also in new domains such as Regulatory, Operations, Procurement, Human Resources, and Financial Crime Risk. It provides support to various business groups and the job involves data analysis, model and strategy development & implementation, Business Intelligence, reporting and data management

Global Business/Global Function (Risk):

• Global Risk is responsible for developing, implementing and managing consistent business propositions and models across the Group, focusing on profitability and efficiency where it fits within the Group. The Risk function protects and enables HSBC in the execution of its strategy through the development of the approved risk appetite statement. The function measures, monitors and manages risk against this statement, and ensures that all global businesses and regions are operating within the boundaries of the statement. Overall, Risk has full functional responsibility for risk management and for ensuring adequate skilled resources are in place to execute this mandate

Global Business/Global Function - Sub-Function (MRM) :

Model Risk Management (“MRM”) is responsible for providing second line of defense for HSBC’s model risk:

• Independently Validate & challenge models developed by first line of defense in accordance with MRM Policies & procedure
• Set policy, standards and guidelines for managing model risks;
• Provide advice and guidance to support those policies; and
• Review and challenge of the first line of defense model risk activities to provide assurance to the Model Risk Steward.
• Effectively challenge models and critical processes implemented for use across different HSBC legal entities and functions

The MRM team consists of Model Risk Stewards, Model Risk Governance (“MRG”), Independent Model Review (“IMR”), and regional MRM teams.

What you’ll do:

Decision Sciences job family is structured to address business problems with quantitative solutions like building of predictive algorithms / forecasting / scenario simulations etc. Members of this Job Family are differentiated by their capability of converting a business problem into a quantitative construct, solve it with available statistical / mathematical methods (following the right rigour), engage with IT to implement and finally interpret the model outcomes in business language. The range of business problems may cover areas of business growth, improving customer experience, limiting risk exposure, capital quantification, enhancing internal business processes etc. They are required to, as necessary, embed agile & exploratory practices into their approach, justify the choice of appropriate methods to various internal and external reviewers. This talent group is expected to keep themselves apprised of latest developments and industry practices around emerging methodologies, techniques etc. and bring those in-house by applying them for better outcomes. A DECISION SCIENCEs job family member should be able to: -

• Apply relevant analytical methods / algorithms to get actionable insights from HSBC's internal (both structured and unstructured) and external data sources
• Partner with IT / Data Engineering teams to create deployment road-map
• Provide actionable solutions with clear articulation of recommendations for the business stakeholders across geographies
• Independently manage delivery of analytics projects by working with business partners across regions / geographies
• Actively contribute in innovative analytical solutioning for improved business performance

Management of Risk/Internal Controls/Compliance:

• The jobholder will continually reassess the operational risks associated with the role and inherent in the business, taking account of changing economic or market conditions, legal and regulatory requirements, operating procedures and practices, management restructurings, and the impact of new technology.
• The jobholder will also adhere to and be able to demonstrate adherence to internal controls. This will be achieved by adherence to all relevant procedures, keeping appropriate records and, where appropriate, by the timely implementation of internal and external audit points, including issues raised by external regulators.
• The jobholder will implement the Group compliance policy by containing compliance risk in liaison with Global Head of Compliance, Global Compliance Officer, Area Compliance Officer or Local Compliance Officer. The term ‘compliance’ embraces all relevant financial services laws, rules and codes with which the business has to comply.
• This will be achieved by adhering to all relevant processes/procedures and by liaising with Compliance department about new business initiatives at the earliest opportunity. Also and when applicable, by ensuring adequate resources are in place and training is provided, fostering a compliance culture and optimising relations with regulators.