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Form of workSome careers open more doors than others.
If you’re looking for a career that will unlock new opportunities, join HSBC and experience the possibilities. 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.
Our Risk and Compliance function has a critical role to play in supporting, challenging, and advising across all areas of the business through establishing policy, monitoring profiles, and identifying and managing forward-looking risk and compliance. We focus on creating an environment that encourages our people to speak up and do the right thing, as well as protecting our customers, the organisation, and the integrity of the financial markets in which we operate. Already an industry-leader in many respects, we want to continue setting standards and evolving to respond to strategic changes.
We are currently seeking an experienced individual to join the Wholesale Credit Risk Analytics UK team in the role of Senior Quantitative Analyst, Credit Risk.
As Senior Quantitative Analyst you’ll be responsible for delivering (part of) one or more quantitative developments of Advanced Internal Risk Based (AIRB) wholesale Credit Risk models for wholesale customers; either standalone or as part of a development team. You’ll develop and maintain statistical models for example probability of default, loss given default and exposure at default (PD, LGD and EAD).
Global Risk is a thriving and expert risk management function supporting HSBC globally with all aspects of risk management. The team actively manages a varied and dynamic range of risk types, including security, fraud, information security, contingency, geopolitical, operational, credit, pension, insurance, financial crime and regulatory compliance, market and reputation risks. All parts of the Global Risk team use their skills, insight and integrity to handle established threats and those they see emerging, acting to protect and enable HSBC to deliver sustainable growth.
In this role, you will:
- Lead and support colleagues responsible for checking model data quality, model development (methodology and design), checking model performance, and reporting issues to WCRA management and the steering committees.
- Develop and document high quality Credit Risk models including probability of default, exposure at default and loss given default (PD, EAD and LGD), including challenger models based on different modelling techniques (for instance, but not limited to, machine learning models).
- Act as a member of the Regional GRA team in charge of the whole UK Risk Rating System for the bank, working with colleagues across multiple regions to design best in class modelling approaches and metrics.
- Engage with stakeholders across different areas and disciplines (business, global risk, data analytics, model risk management (including model validation), and both internal and external audit).
