At HSBC, our purpose is opening up a world of opportunity and by joining our team, you can be part of something bigger We are committed to removing barriers and ensuring careers at HSBC are inclusive and accessible.

Here in France, you’ll help evolve and grow our business Wholesale COO.

Are you analytical and passionate about data? Do you have an experience in statistical modelling or in model development? Do you enjoy working in a multicultural and fast-paced environment?

If you answered yes to any of these questions, we want to hear from you

What you will do:

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, to identify and communicate model limitations and issues. This role is part of the Wholesale IRB validation team.
Independent Model Validation provides independent challenge of a model’s underlying theoretical assumptions and limitations, its practical implementation, its live application, and business usage, providing stakeholders (including model users, senior management, audit, and regulators) with assurance that models and tools developed, maintained, and used within HSBC Group are fit for their intended purposes and are compliant with applicable internal and supervisory expectations. They will also review remediation plans and activities, undertake portfolio level reviews across model types and challenge the model owners on the appropriate application of relevant policy of models.
Model types include but are not limited to Credit Risk models (Retail and Wholesale), IFRS9 models, Stress Testing and Scenario Analysis models, Economic Capital models, Financial Vulnerability models, Pricing models, Traded Risk models, Insurance Risk models and models covering non-financial areas e.g., transaction monitoring, customer selection and human resources. This includes the traditional model types as well as modern approaches such as machine learning (ML) and artificial intelligence (AI) techniques.

In this role you will:

Undertake model validation activities as dictated by the Global Model Risk Policy including the assessment of; model inputs, calculations, reporting outputs, conceptual soundness of the underlying theory and the suitability of the use for its intended purpose, relevance and completeness of data, qualitative information and judgements, documentation, and implementation of the model.Provide written reports detailing the results of validations highlighting issues identified during the validation.Validate remediation activities completed by the ILOD to ensure appropriate resolution of identified issues.Work with relevant stakeholders to embed new Global Model Risk Policies and Procedures.Provide model users, model owners, senior management, audit, and regulators (across 1LOD, 2LOD, 3LOD) with confidence that the models and tools developed, maintained, and used within the Group are compliant with internal and regulatory expectations and fit for the intended purpose.Participate at Governance Forums as required.Undertake model validation activities including planning and stakeholder management.Liaise with 1LOD and other model stakeholders as appropriate to ensure issues have been adequately resolved.Communicate across technical quantitative, business, and strategic levels to ensure that stakeholders understand the implications of model risks and limitations.Support the interaction with Group Internal Audit on model related audits, MSIIs and audit issues and ensure oversight on the implementation of any audit recommendations.Participate in engagements with Regulators as required to evidence robust independent challenge of models used in HSBC.Contribute to management, regulatory, and external confidence in all models used across the group.