Some careers grow faster than others.

If you’re looking for a career that will give you plenty of opportunities to develop, join HSBC and your future will be rich with potential. Whether you want a career that could take you to the top, or simply take you in an exciting new direction, HSBC offers opportunities, support and rewards that will take you further.

HSBC Commercial Banking serves millions of businesses ranging from small, to large corporates, providing commercial customers with a full range of banking services including Global Trade and Receivables Finance, RMB solutions, multi-currency business accounts, payments and cash management, and wealth management and insurance, , as well as a comprehensive range of financing solutions. With dedicated Relationship Managers and Product Specialists providing local support and advice in over 60 countries and territories, HSBC helps connect customers to opportunities.

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 Director, Validation Lead.

Independent Model Validation is a specialist quantitative role within the Model Risk Management team responsible for carrying out independent validations of HSBC’s model landscape, in order to identify and communicate model limitations and issues.

In this role, you will:

Provide functional leadership for a small team of Model Validators operating across geographies and the HSBC matrixLead independent model validations of Wholesale IRB models (PD/LGD/EAD/Slotting) with the help of more junior team members Validate remediation activities completed by the 1LOD to ensure appropriate resolution of identified issuesWork with relevant stakeholders (across 1LOD, 2LOD, 3LOD) to ensure that newly developed Wholesale IRB models are compliant with internal and regulatory expectationsStay informed about the current regulatory requirements from different regulators (PRA, ECB, HKMA) and engage in methodology committees to fully comply with this regulation Drive the partial automation of validation activities in Python Actively support and help more junior team members by upholding a culture of excellence ownership in the team