Some careers have more impact than others.

If you’re looking for a career where you can make a real impression, join HSBC and discover how valued you’ll be.

HSBC is one of the largest banking and financial services organisations in the world, with operations in 62 countries and territories. We aim to be where the growth is, enabling businesses to thrive and economies to prosper, and, ultimately, helping people to fulfil their hopes and realise their ambitions.

We are currently seeking an experienced professional to join our team in the role of Assistant Vice President - Decision Sciences

Principal responsibilities

Undertake model validation activities as dictated by the Global Model Risk Policy including the assessment of; model inputs, calculations, reporting outputs, conceptual soundness of the underlying theory and the suitability of the use for its intended purpose, relevance and completeness of data, qualitative information and judgements, documentation, and implementation of the model. Provide written reports detailing the results of validations highlighting issues identified during the validation. Validate remediation activities completed by the ILOD(line of defense) to ensure appropriate resolution of identified issues.Work with relevant stakeholders to embed new Global Model Risk Policies and Procedures.Provide model users, model owners, senior management, audit, and regulators (across 1LOD, 2LOD, 3LOD) with confidence that the models and tools developed, maintained, and used within the Group are compliant with internal and regulatory expectations and fit for the intended purposeSupport the recruitment and retention of junior colleagues and provide coaching and guidance.Lead model validation activities including planning and stakeholder management. Deliver, high quality, timely validation reports that add value to the business. Liaise with 1LOD and other model stakeholders as appropriate to ensure issues have been adequately resolved.Communicate across technical quantitative, business and strategic levels to ensure that stakeholders understand the implications of model risks and limitations. Contribute to management, regulatory, and external confidence in all models used across the group.

Some careers have more impact than others.

If you’re looking for a career where you can make a real impression, join HSBC and discover how valued you’ll be.

HSBC is one of the largest banking and financial services organisations in the world, with operations in 62 countries and territories. We aim to be where the growth is, enabling businesses to thrive and economies to prosper, and, ultimately, helping people to fulfil their hopes and realise their ambitions.

We are currently seeking an experienced professional to join our team in the role of Assistant Vice President - Decision Sciences

Principal responsibilities

Undertake model validation activities as dictated by the Global Model Risk Policy including the assessment of; model inputs, calculations, reporting outputs, conceptual soundness of the underlying theory and the suitability of the use for its intended purpose, relevance and completeness of data, qualitative information and judgements, documentation, and implementation of the model. Provide written reports detailing the results of validations highlighting issues identified during the validation. Validate remediation activities completed by the ILOD(line of defense) to ensure appropriate resolution of identified issues.Work with relevant stakeholders to embed new Global Model Risk Policies and Procedures.Provide model users, model owners, senior management, audit, and regulators (across 1LOD, 2LOD, 3LOD) with confidence that the models and tools developed, maintained, and used within the Group are compliant with internal and regulatory expectations and fit for the intended purposeSupport the recruitment and retention of junior colleagues and provide coaching and guidance.Lead model validation activities including planning and stakeholder management. Deliver, high quality, timely validation reports that add value to the business. Liaise with 1LOD and other model stakeholders as appropriate to ensure issues have been adequately resolved.Communicate across technical quantitative, business and strategic levels to ensure that stakeholders understand the implications of model risks and limitations. Contribute to management, regulatory, and external confidence in all models used across the group.

Strong technical knowledge of actuarial models and techniques across some of the traditional acutarial areas such as statutory valuation, risk based capital reporting (Solvency II / Hong Kong RBC / Singapore RBC2), embedded value reporting, financial reporting (IFRS17), business planning, experience analysis, product pricing etc.Strong understanding of operation of par business including stochastic modelling, dynamic policyholder behaviour, modelling of management actions etc.Experience of modelling (coding) in any of the actuarial cash flow modelling software (such as Prophet, RAFM) as a coder is desirable. Should have atleast worked as a model user.Experience in pensions modelling would be an added bonus Knowledge or awareness of model risk regulations such as SR 11-7 or SS 1/23 would be an added bonusAbility to prioritise competing demands and demonstrate flexibility to meet dynamic requirementsBachelor’s or Master’s or PhD degree in a quantitative discipline like Financial Mathematics, Statistics, Econometrics, Quantitative Finance, Economics or Engineering. Atleast 10 actuarial exams (as per old curriculum), preferably fully qualified, with over 5-10 years’ experience in the insurance industry.Operate and influence within a changing and rapidly developing regulatory environment.Continually support HSBC's approach to conduct and cultivate a positive risk aware culture, which is designed to ensure we deliver fair outcomes for our customers and do not disrupt the orderly and transparent operation of financial markets.Maintain awareness of operational risk and minimise the likelihood of it occurring, including its identification, assessment, mitigation and control, loss identification and reporting in accordance with the HSBC Operational Risk Management. 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.

You’ll achieve more at HSBC

HSBC is an equal opportunity employer 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. We encourage applications from all suitably qualified persons irrespective of, but not limited to, their gender or genetic information, sexual orientation, ethnicity, religion, social status, medical care leave requirements, political affiliation, people with disabilities, color, national origin, veteran status, etc., We consider all applications based on merit and suitability to the role.”

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 HSBC Electronic Data Processing (India) Private LTD

Strong technical knowledge of actuarial models and techniques across some of the traditional acutarial areas such as statutory valuation, risk based capital reporting (Solvency II / Hong Kong RBC / Singapore RBC2), embedded value reporting, financial reporting (IFRS17), business planning, experience analysis, product pricing etc.Strong understanding of operation of par business including stochastic modelling, dynamic policyholder behaviour, modelling of management actions etc.Experience of modelling (coding) in any of the actuarial cash flow modelling software (such as Prophet, RAFM) as a coder is desirable. Should have atleast worked as a model user.Experience in pensions modelling would be an added bonus Knowledge or awareness of model risk regulations such as SR 11-7 or SS 1/23 would be an added bonusAbility to prioritise competing demands and demonstrate flexibility to meet dynamic requirementsBachelor’s or Master’s or PhD degree in a quantitative discipline like Financial Mathematics, Statistics, Econometrics, Quantitative Finance, Economics or Engineering. Atleast 10 actuarial exams (as per old curriculum), preferably fully qualified, with over 5-10 years’ experience in the insurance industry.Operate and influence within a changing and rapidly developing regulatory environment.Continually support HSBC's approach to conduct and cultivate a positive risk aware culture, which is designed to ensure we deliver fair outcomes for our customers and do not disrupt the orderly and transparent operation of financial markets.Maintain awareness of operational risk and minimise the likelihood of it occurring, including its identification, assessment, mitigation and control, loss identification and reporting in accordance with the HSBC Operational Risk Management. 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.

You’ll achieve more at HSBC

HSBC is an equal opportunity employer 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. We encourage applications from all suitably qualified persons irrespective of, but not limited to, their gender or genetic information, sexual orientation, ethnicity, religion, social status, medical care leave requirements, political affiliation, people with disabilities, color, national origin, veteran status, etc., We consider all applications based on merit and suitability to the role.”

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 HSBC Electronic Data Processing (India) Private LTD