Model Risk Manager

Job title: Model Risk Manager

Corporate Title: GRA Model Strategy, Standards & Control Manager

Duration: 6 months (initially)

Location: Edinburgh

Role Purpose:

Governance is an essential component of a Model Risk Management framework. The incumbent's deliverable will be to deliver, embed and control test first line of defence model procedure and standards and provide oversight, guidance and reporting in the timely remediation of issues identified to ensure model risk is managed within acceptable tolerance.

Accountabilities:

GRA Model Strategy, Standards & Control team are at the centre of how HSBC enforces model risk controls and will be responsible for:

• Delivery/embedding of high quality, comprehensive, consistent and coherent model risk procedure and standards
• Drawing the requisite information from FLoD/SLoD stakeholders and translating complex methodologies into high quality easily digestible procedure and standards
• Planning and executing model risk control activity ensuring best practice, as defined, is adhered for all model risk procedure and standards
• Oversight, guidance and reporting to governance committees of deviations from stprocedures and standards
• Ensuring all model risk issues are within governance and managed to resolution in timeframes agreed upon

Experience/Knowledge:

• Expert understanding of model risk management best practice
• Experience of Risk modelling methodologies and techniques
• Strong control testing and issues management background
• Ability to translate complex modelling techniques into procedure and standards documentation for a diverse audience
• Understanding of relevant regulatory requirements in respect to Risk modelling