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Intern - Model Risk Management
HSBC Service Delivery (Polska) Sp. z o.o.Kraków, Lesser Poland, Poland12 days ago
Job descriptionModel Risk Management (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. 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. 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. Contributing to model validation and testing activities. Preparing data sets in readiness for validation activities. Support the Model Validation team as required. Contribute to management, regulatory, and external confidence in all models used across the group. Studying towards or having a master’s or PhD degree in a quantitative discipline like Financial Mathematics, Statistics, Econometrics, Quantitative Finance, Economics or Engineering. Some knowledge in one or more of the following areas : Stress Testing and Scenario Analysis models, Traded Risk and Pricing Models, Global Markets Trading & Hedging models, Asset Liability Models, etc. Some knowledge of statistical model and scorecard development techniques. Some knowledge of Risk models, performance metrics and risks and associated issues. Some experience with some statistical modelling software / programming language e.g. SAS, Python, R, Matlab, C++, VBA. Some experience of developing and reviewing models throughout the customer lifecycle. Some experience of conducting independent model reviews is beneficial. Steep learning curve in the Model Risk. Management team of one of the most complex banks in the world. Hands on experience with real models in a real bank. Top level coaching and mentoring. Networking with highly accomplished professionals. Understanding the HSBC Culture. remote work opportunities flexible working time integration events corporate gym corporate library no dress code coffee / tea parking space for employees leisure zone
technologies-expected :
- Python
- Matlab
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Intern • Kraków, Lesser Poland, Poland