OVERVIEW
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Retail Credit Risk Model development/Validation
Location: Bangalore
Employment Type: Full-time
Role :
- Experience on Retail Credit Risk model development/validation specifically comprising stress testing models (example: CCAR, PRA etc.) and reserving models such as CECL and IFRS9.
- Experience on Retail PD/LGD/EAD model development methodology and its validation for different retail portfolios such as Credit Cards, Mortgage, PIL, etc.
- Strong statistical knowledge with hands on working experience in various modelling techniques such as linear regression, logistic regression, time series modelling, survival models etc.
- Sound understanding of different Retail portfolios such as Credit Cards, Mortgage, PIL, etc.
- Knowledge on OCC/FRB, EBA, ECB, UAE Guidelines and PRA regulations.
- Knowledge of internal procedures and local regulations and those of other country regulators would be an advantage.
Experience:
- Minimum 5-10 years of experience of model validation/development experience in Risk Management in Retail domain
- Experience with some statistical modelling software / programming language e.g. SAS, Python, R, Matlab, C++, VBA.
- Experience with some statistical modelling software / programming language e.g. Python, R, Matlab, C++, VBA.
- Experience of presenting recommendations to Senior Management.
- Experience of conducting independent model reviews.
Skills:
- Ability to present complex statistical concepts and results to non-technical audiences in a persuasive and compelling manner.
- Team-oriented mentality combined with ability to complete tasks independently to a high-quality standard.
Qualifications:
- Master’s or PhD degree in a quantitative discipline like Financial Mathematics, Statistics, Econometrics, Quantitative Finance, Economics or Engineering.
Others
The job holder will be required to:
- Support the management of model risk across a large complex banking group.
- Support multiple senior stakeholder relationships across the HSBC matrix.
- Manage model risk whilst significant transformational activity is being implemented, both regionally and globally.
- Operate within a changing and rapidly developing regulatory environment.
- Adopt a risk management and internal control structure, referred to as the Three Lines of Defence, to ensure it achieves its commercial aims while meeting regulatory and legal requirements and its responsibilities to stakeholders, customers and staff. All staff must familiarise themselves and adhere at all times with the role and supporting responsibilities they play in the Three Lines of Defence.
Equal Opportunity
We are an equal opportunity employer and value diversity. All employment decisions are based on business needs, merit, and qualifications.