Global Head Of Wholesale Irb Analytics

Global Risk is a thriving and expert risk management function supporting HSBC globally with all aspects of risk management. The function actively manages a varied and dynamic range of financial and non-financial risk types.  
Global Risk Analytics (GRA) plays a vital role in the measurement and assessment of these risks for the bank.  We develop sophisticated models to provide analytical solutions and tools to quantify key risk metrics used to inform business decisions and meet regulatory and financial reporting obligations.

The IRB (Internal Rate-Based) modelling landscape is currently undergoing a material refresh with a significant number of global and regional model developments already in-flight and many more are planned over the next 3-5 years. Regulations continue to evolve with Basel 3.1, stipulating wide-reaching changes for assessing capital requirements and posing additional challenges to maintaining IRB permissions. A fine balance is needed to both adhere to regulatory changes and scrutiny and to achieve our strategic objectives, requiring efficient allocation of capital based on accurate assessment of risk. 

We are currently seeking an ambitious individual to join our GRA team as Global Head of Wholesale IRB Analytics who can lead the build out of this capability.

Role Purpose

• This role is responsible for the development and maintenance of HSBC’s Wholesale IRB models for the estimation of PD, LGD and EAD.  This includes setting the global Wholesale IRB modelling strategy to meet evolving regulatory requirements.
• The role holder will be responsible for alignment of IRB models with global and regional business strategy with the aim of supporting effective use of models as a tool for efficiently managing risk and achieving commercial outcomes.
• The role holder will be responsible to define the IRB modelling methodology to be applied in all IRB models across the various locations of HBSC Group. He will manage a methodology committee (MetCom) and ensure appropriate methodology standards will be produced.
• Liaise with the Businesses, Finance, WCR and regional GRA teams to develop a coherent landscape for IRB models which is both efficient and provides the best possible IRB coverage across the wholesale portfolio.
• Following the GRA WCRA reorganisation, the role holder will be also responsible to manage the model building teams in charge of the Global Large Corporate and Global Products portfolios, as well as the Financial Institutions portfolios. This will also include the Sovereign portfolios. For those portfolios, the role holder will ensure that the Reference Data Set (RDS) are being implemented according GRA strategies in order to support the development of all the wholesale credit risk models (including IFRS9 ST, and Credit Decisioning when appropriate) according GRA global methodologies.
• The role holder will direct, cascade and drive the strategy and consistent methodology for all Wholesale IRB models and ensure it is being applied consistently globally within HSBC.
• Establish an on-going modelling strategy and methodology which enables regular updates to take into account changes in portfolio, improvements in data and processes to provide the most accurate and compliant assessment of modelled risk parameter estimates.
• Carry out Research and Development to identify new data and modelling techniques providing improvements to IRB model performance and reducing the need for margins of conservatism and post model overrides and adjustments.
• Develop and champion the use of new technologies and modular approaches to develop, test and deploy models more rapidly
• Drive implementation approach globally and across regions in line with regulatory approvals
• Maintain an up-to-date view of regulatory and industry developments to enable knowledge sharing with the wider team and remain abreast of best practice. This will requires active engagement across the different locations having an IRB accreditations such as the UK for PRA, HBCE for ECB, HBAP for HKMA and HBUS for the different US regulators. There will be also active engagement with LATAM and MENAT regions to support their on regulatory agenda.
• The role holder will ensure that model governance and IRB model execution infrastructure are fully integrated into Risk, Finance and business processes to support HSBC’s Wholesale IRB models related processes. This will involve coordination, communication and collaboration across teams within the  Businesses, Risk, Finance, IT, Chief Data Officers and third party vendors.
• The role holder will need to work efficiently to meet deadlines and develop innovative solutions.
• The role holder will be expected to represent GRA at senior risk and business forums, and present methodology and results internally and externally to regulators when required.
• The role holder is expected to demonstrate a high level of technical expertise and be able to communicate effectively with stakeholders at all levels.

Knowledge & Experience / Qualifications

Qualifications

•  M.Sc. or Ph.D. in a quantitative field

Experience

• Expertise in quantitative analytics and use of sophisticated tools for numerical analysis and computer programming (e.g. R/Python/Matlab/SAS). Additionally, knowledge of Cloud technologies (AWS, GCP) would be ideal.
• Knowledge of credit risk and portfolio management, wholesale credit & lending business and products
• Strong understanding of Wholesale credit risk parameter modelling and their use in capital and financial planning activities.
• Experience and understanding of large banking institutions and the complications inherent within such structures.
• Demonstrable experience in execution of modelling projects aligned with regulatory expectations and industry best practices.
• Outstanding relationship management and influencing skills.
• Experience of successful collaboration with non-quantitative stakeholders
• Understanding of model risk, models governance and controls
• Relevant professional work experience in a bank, rating agency, consultancy or advisory firm

Skills

• Ability to lead and coach several analytics teams in multiple locations, either via direct functional and entity reporting lines, or in different locations via functional reporting lines.
• Track record of managing and successfully delivering within agreed time scales, in liaison with all relevant stakeholders: model owners, credit, business, IT, senior management and regulators.
• Open personality with highly effective communication skills
• Drive, empower, support, motivate and guide self and team members to deliver work within timelines
• Build and manage colleague and key stakeholder relationships in an international team
• Direct, and clear delivery of presentations, training and workshops
• Ability to write clear and understandable documents
• Ability to prioritise workload for self and the Wholesale IRB Analytics team effectively.