The health and safety of our employees and candidates is very important to us. Due to the current situation related to the Novel Coronavirus (COVID-19), we’re leveraging our digital capabilities to ensure we can continue to recruit top talent at HSBC. As your application progresses, you may be asked to use one of our digital tools to help you through your recruitment journey. If so, one of our Resourcing colleagues will explain how our video-interviewing technology will be used throughout the recruitment process and will be on hand to answer any questions you might have. 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. Job Purpose The incumbent is responsible for ensuring that INM Risk Infrastructure is always fit for purpose. This includes all models, scorecards and frameworks used at different stages of the credit cycle. The incumbent will also be responsible for managing all audit requirements, around these models and frameworks including Regulatory audits. The incumbent will manage the annual AFI from a model risk perspective, provide appropriate assurance on all analytics and data related to credit bureaus Monitor the performance of all scrore-cards, frameworks and model used WPB Risk - acquisition, portfolio, stress testing, IFRS-9. Manage annual Regulatory Stress testing exercise - EWST. Suggest overlays where needed. Support RRA in developing new scorecard, tiers and risk grades and monitoring performance of existing ones. Ensure that risks arising out of defects in models, frameworks etc are mitigated using appropriate process overlays if possible. Responsible for all bureau related analytics, partner with credit bureaus to test new scores and products. Partner with various stakeholders to ensure bureau information is embedded in policies and risk management frameworks. Ensure portfolio reviews (scrubs) are done at appropriate frequency and this information is fully utilised in decision making. Manage monthly impairment overlays and monitor the provisioning process to ensure that adeuqate loss cover is available at all times. Work with GAC and sherwood teams in monitoring and refresh of sherwood models for all products. Work with product risk teams to ensure that sherwood is embedded in risk decisions. Principal Accountabilities Impact on the Business / Function Ensure the following - Validate outcomes from models and frameworks on an ongoing basis, test alignment with business strategy and look for swap-in/swap-out against risk appetite. Model Validations – on an ongoing basis, determined by business strategy and as required by relevant FIM/RG and regulatory requirements. Accountable for successful completion of annual projects such as – Sherwood Regulatory EWST Accountable for Bureau usage and accuracy Customers / Stakeholders Regulatory Stress Testing to INM CRO/CFO. Models and Frameworks to Head INM WPB Risk and Head Retail Assets Bureau - Head INM WPB Risk and Head Retail Assets Leadership & Teamwork Support achievement of the HSBC vision, values, goals and culture in personal behaviour, actions and decision making. Share best practices and encourage others to do the same in the best interests of HSBC and its customers. Take personal responsibility for understanding and agreeing performance expectations, completing the necessary mandatory training and developing the levels of capability and competence needed to be effective in the role. Contribute to team effectiveness and success by sharing knowledge and good practice, working collaboratively with others to create a productive, diverse and supportive working environment Operational Effectiveness & Control Maintain a robust and efficient control environment across specialist area to ensure good operational, financial and compliance with HSBC policy and procedures, together with early identification and effective resolution or escalation of issues that arise. Contribute to the implementation and monitoring of the application of policies, governance frameworks, procedures, practices and standards to ensure quality, effective risk management and regulatory compliance Requirements Post Graduate (preferably MBA or Post Grad in Statistics) with 8 years’ experience in retail credit risk analytics. Strong analytical capabilities. Knowledge on SAS or other data mining tools is essential. Good understanding of consumer credit cycle, risk models and infrastructure. Ability to surface risks and suggest sound risk management controls Ability to analyze business problem, and risk mitigations. Sound communication skills. Useful Links Link to Careers Site: Click HERE You’ll achieve more when you join HSBC. HSBC is committed to building a culture where all employees are valued, respected and opinions count. We take pride in providing a workplace that fosters continuous professional development, flexible working and opportunities to grow within an inclusive and diverse environment. Personal data held by the Bank relating to employment applications will be used in accordance with our Privacy Statement, which is available on our website. Issued by The Hongkong and Shanghai Banking Corporation Limited, India