Vice President / Lead Vice President, Independent Model Review

Principal responsibilities

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.
Provide functional leadership for a small team of Model Validators operating across geographies and the HSBC matrix.
Support the recruitment and retention of junior colleagues and provide coaching and guidance.
Lead model validation activities including planning and stakeholder management.
Deliver, high quality, timely validation reports that add value to the business.

Requirements

Extensive knowledge in Insurance, Pensions or Wealth Modelling and IFRS17 regulatory requirements.
Comprehensive knowledge of statistical model and scorecard development techniques.
Detailed knowledge of Risk models, performance metrics and risks and associated issues.
Detailed knowledge of internal procedures and local regulations and those of other country regulators would be an advantage.
Experience with some statistical modelling software / programming language e.g. SAS, Python, R, Matlab, C++, VBA.
Experience of developing and reviewing models throughout the customer lifecycle.
Experience of presenting recommendations to Senior Management.
Experience of conducting independent model reviews.
Ability to present complex statistical concepts and results to non-technical audiences in a persuasive and compelling manner.
Team-oriented mentality combined with ability to complete tasks independently to a high-quality standard.