Independent Model Review Intern

About HSBC

HSBC is one of the world's largest banking groups by assets, HSBC Holdings owns subsidiaries throughout Europe, Hong Kong, and the rest of the Asia/Pacific region, the Middle East and Africa, and the Americas. HSBC deals in Commercial Banking, Wealth Banking, Global Banking, and Personal Banking.

Your role

Independent Model Review (IMR), is a specialist quantitative team and is responsible for carrying out independent validations of HSBC’s new and existing business use of quantitative models, to identify and communicate model risk.

Principal Accountabilities and Responsibilities:

• Contribute towards independently reviewing and (re)validating models and methodologies across regions, businesses, functions and risk types within the bank, including Retail and Wholesale Credit, Traded Risk, Global Banking & Markets, Financial Vulnerability, Finance, Stress Testing, Wealth, Insurance & Pensions.
• Contribute towards ensuring that the models and methodologies are assessed against methodological frameworks underpinning the group’s risk measurement and management initiatives.
• Contribute towards ensuring through independent assessment and validation that the models operate within regulatory boundaries.

Leadership & Teamwork:

• Interaction with model developers to obtain evidence as part of model review work.
• Interaction with model owners (and other relevant model stewards) to coordinate model reviews.      

For the detailed job description, click on the "Apply on employer site" button.

Training & development

The company’s people transformation initiatives continue to be focused on developing and building a strong leadership team, significantly improving the capability to attract the right talent, inculcating a high-performance culture, creating opportunities for development and growth both personally and professionally, and providing access to continuous learning and strengthening the holistic rewards framework that acknowledges excellent performance.

Benefits

Benefits they offer:

• Healthcare & Insurance
• Life Insurance
• Disability Insurance
• Dental Insurance
• Vision Insurance
• Performance Bonus
• Pension Plan
• Retirement Plan
• Stock Options & Equity
• Maternity & Paternity Leave
• Employee Assistance Program

Work-life balance

HSBC keep employees engaged and motivated to maintain productivity, but more importantly, to ensure their mental health and well-being. HSBC has various programs to drive meaningful collaborations, work-life balance, and a more profound sense of loyalty and camaraderie. Work days are usually from Monday to Friday. They have strict work timings.

Culture & vibe

HSBC since the beginning has emphasized having a diverse workforce in the house. Their philosophy of diversity and inclusion is reflected in the number of places they operate. HSBC not only hires people with diverse cultures but also does business that reflects its “broader world” philosophy. HSBC explicitly illustrates that diversity creates varied opportunities, eventually leading to growth and development. 

To be inclusive HSBC emphasizes some key zones such as fair and diverse recruitment programs, helping the under-represented faction to come to the forefront, and building and supporting an assorted society at the workplace.

About you

To apply for this role you must have skills and qualifications,

Functional Knowledge:

• Knowledge of conducting a model review, statistical model and scorecard development techniques.
• Knowledge of Risk models, performance metrics and risks and associated issues is beneficial.

Skills:

• Good written and verbal communication skills.
• Team-oriented mentality.

Qualifications:

• Degree in a quantitative discipline like Financial Mathematics, Statistics, Econometrics, Quantitative Finance, Economics or Engineering. 

Others:

The job holder will be required to:

• Manage multiple deliverables.
• Contribute to enhancing model risk management and understanding across the bank.
• Work in a rapidly changing regulatory environment and with a dynamic model delivery schedule.

How to apply

This role is currently closed. If you are interested in this role, simply click "Pre-Register" and Prosple will inform you once this position opens again.