Senior Quantitative Analyst, Credit Risk

Some 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:

• Be responsible for checking model data quality, data analytics, model development (methodology and design), checking model performance, model impact assessment and (where relevant) reporting issues to the model development lead or WCRA UK manager.
• Develop (parts of) 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).
• Working with colleagues across multiple regions to support the design of best in class modelling approaches and metrics, including review and assessment on live and new models..
• 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)

To be successful in this role you should meet the following requirements:

• Significant experience of wholesale modelling (probability of default, exposure at default and loss given default models (PD, EAD and LGD).
• Excellent understanding of AIRB Credit Risk modelling.
• Familiarity with regulatory requirements, primarily UK (PRA) or EU (EBA/ECB) based regulation.
• Proficiency in manipulation of large data sets, preferably in Python, and excellent understanding of Credit Risk related data
• Demonstrated ability to explain technical tasks and methodology to a wider, sometimes non-technical audience.
• Proven ability of working across functions in a global environment

Desirable Skills:

• Knowledge of Python, SAS and/or SQL and their applications would be beneficial.
• Knowledge of (Python) model implementation in a bank’s operating environment, including the link to policies, procedures and regulations.
• Proficiency in English both written and verbal.

The base location is in London and is hybrid working.

You’ll achieve more when you join HSBC.

Being open to different points of view is important for our business and the communities we serve. At HSBC, we’re dedicated to creating diverse and inclusive workplaces. Our recruitment processes are accessible to everyone - no matter their gender, ethnicity, disability, religion, sexual orientation, or age.

We take pride in being part of the Disability Confident Scheme. This helps make sure you can be interviewed fairly if you have a disability, long term health condition, or are neurodiverse.

If you’d like to apply for one of our roles and need adjustments made, please get in touch with our Recruitment Helpdesk:

Email: hsbc.recruitment@hsbc.com
Telephone: +44 207 832 8500