The environment in which HSBC operates is subject to increasing regulatory change - with major changes to the regulation governing model development, model usage and the way models are governed. The UK's prospective withdrawal from the European Union (Brexit) will have a significant impact on the structure of UK banks through the potential loss of EEA passport rights. This will impact the way models are deployed and used throughout the region.
The role will support the implementation of the post-Brexit HSBC EEA Target Operating Model by Q1 2019, with minimum possible disruption by ensuring that models deployed with the region continue to be appropriate to the portfolios that they are deployed upon and remain compliant with both internal and with post-Brexit laws and regulations. Working with GRA colleagues to identify models that require recalibration/ redevelopment to support the changed population and supporting any model approval processes with the Group's regulators.
The role will also support senior management in understanding the impact of changes to regulatory standards on the business and work with GRA colleagues and other stakeholders to respond to consultations relevant to the team's area of responsibility.
Excellent skills in project management and addressing compliance with internal standards
Good understanding of regulatory requirements and the process by which they are changed/enforced
Academic qualifications/ previous experience that give a strong background in policy and finance
Good understanding of IRB model usage and regional model landscape
Proficiency in manipulation of large data sets and excellent understanding of credit risk related data
Excellent communication skills and the ability to maintain close working relationship with related parties
Assisting to develop and implement the changes in process, including policy and procedure.
Ability to work as part of a team with key customers and stakeholders