Our purpose – Opening up a world of opportunity – explains why we exist. Here at HSBC we use our unique expertise, capabilities, breadth and perspectives to open up new kinds of opportunity for our more than 40 million customers. We’re bringing together the people, ideas and capital that nurture progress and growth, helping to create a better world – for our customers, our people, our investors, our communities and the planet we all share.

Independent Model Validation is a specialist quantitative role within the Model Risk Management team responsible for carrying out independent validations of HSBC’s model landscape, in order to identify and communicate model limitations and issues.

As our SVP Independent Model Review you will:

Independently reviewing and (re)validating FO pricing and valuation models and methodologies with a focus on GFX and novel AI applications (e.g. GenAi) for Global Markets businessLead development of internal validation platform including FO pricing models for benchmarking and automation tools to optimize model risk management practicesSupervise and coach junior offshore validatorsAct as a model risk manager for US markets businesses, including exercising model risk controls during the course of normal business process, scheduling model reviews, addressing IMR validation findings and representing MRM in various model risk and governance foraSupport regulatory exams and internal and external audits

For this role, HSBC targets a pay range between $168,300.00 and $252,400.00

The final fixed pay offer will depend on the candidate and a number of variables, including but not limited to, role responsibilities, skill set, depth of experience and education, licensing/certification requirements, internal relativity, and specific work location.

At HSBC, our overall goal is to provide a competitive Total Reward Package, with an appropriate mix of fixed pay, and variable pay, as part of an employee’s overall total compensation and benefits. Variable pay generally takes the form of discretionary, annual awards (sometimes referred to as a “bonus”). Additionally, HSBC offers a wide range of competitive and flexible benefits designed to help you improve your health and well-being, finances, and lifestyle.

Our purpose – Opening up a world of opportunity – explains why we exist. Here at HSBC we use our unique expertise, capabilities, breadth and perspectives to open up new kinds of opportunity for our more than 40 million customers. We’re bringing together the people, ideas and capital that nurture progress and growth, helping to create a better world – for our customers, our people, our investors, our communities and the planet we all share.

Independent Model Validation is a specialist quantitative role within the Model Risk Management team responsible for carrying out independent validations of HSBC’s model landscape, in order to identify and communicate model limitations and issues.

As our SVP Independent Model Review you will:

Independently reviewing and (re)validating FO pricing and valuation models and methodologies with a focus on GFX and novel AI applications (e.g. GenAi) for Global Markets businessLead development of internal validation platform including FO pricing models for benchmarking and automation tools to optimize model risk management practicesSupervise and coach junior offshore validatorsAct as a model risk manager for US markets businesses, including exercising model risk controls during the course of normal business process, scheduling model reviews, addressing IMR validation findings and representing MRM in various model risk and governance foraSupport regulatory exams and internal and external audits

For this role, HSBC targets a pay range between $168,300.00 and $252,400.00

The final fixed pay offer will depend on the candidate and a number of variables, including but not limited to, role responsibilities, skill set, depth of experience and education, licensing/certification requirements, internal relativity, and specific work location.

At HSBC, our overall goal is to provide a competitive Total Reward Package, with an appropriate mix of fixed pay, and variable pay, as part of an employee’s overall total compensation and benefits. Variable pay generally takes the form of discretionary, annual awards (sometimes referred to as a “bonus”). Additionally, HSBC offers a wide range of competitive and flexible benefits designed to help you improve your health and well-being, finances, and lifestyle.

You´ll likely have the following qualifications to succeed in this role:

In-depth knowledge on GFX modellingFamiliar with SR11-7 and/or SS1/23 and industry best practice of model risk managementHands-on experience in one or more primary trading systems such as Calypso, Summit, Murex, Sophis, and XFOSAdvanced level coding skills in Python for pricing model development and/or data science applicationsMaster’s or PhD degree (preferred) in a quantitative discipline like Mathematics, Physics, Statistics, Econometrics, Computer ScienceManage multiple senior stakeholder relationships at global level, as well as within different lines of business, functions and regionsCommunicate complex technical modelling issues to, and deliver credible feedback to, senior stakeholders (Chief Risk Officers, Chief Financial Officers, Global Heads of Functions, etc.)

In compliance with applicable laws, HSBC is committed to employing only those who are authorized to work in the U.S. Applicants must be legally authorized to work in the U.S. as HSBC will not engage in immigration sponsorship for this position

As an HSBC employee, you will have access to tailored professional development opportunities to ensure you have the right skills for today and tomorrow. We offer a competitive pay and benefits package including a robust Wellness Hub, all in a welcoming, diverse and inclusive work environment. You will be empowered to drive HSBC’s engagement with the communities we serve through an industry-leading volunteerism policy, a generous matching gift program, and a comprehensive program of immersive Sustainability and Climate Change Initiatives. You’ll want to join our Employee Resource Groups as they play a central part in life at HSBC, including the development of our employees and networking inside and outside of HSBC. We value difference. We succeed together. We take responsibility. We get it done. And we want you to help us build the bank of the future

All qualified applicants will receive consideration for employment without regard to age, ancestry, color, race, national origin, ethnicity, disability or medical condition, genetic information, military or veteran service, religion, creed, sex, gender, pregnancy, childbirth, caregiver status, marital status, citizenship or immigration status, sexual orientation, gender identity or expression or any other trait protected by applicable law.

You´ll likely have the following qualifications to succeed in this role:

In-depth knowledge on GFX modellingFamiliar with SR11-7 and/or SS1/23 and industry best practice of model risk managementHands-on experience in one or more primary trading systems such as Calypso, Summit, Murex, Sophis, and XFOSAdvanced level coding skills in Python for pricing model development and/or data science applicationsMaster’s or PhD degree (preferred) in a quantitative discipline like Mathematics, Physics, Statistics, Econometrics, Computer ScienceManage multiple senior stakeholder relationships at global level, as well as within different lines of business, functions and regionsCommunicate complex technical modelling issues to, and deliver credible feedback to, senior stakeholders (Chief Risk Officers, Chief Financial Officers, Global Heads of Functions, etc.)

In compliance with applicable laws, HSBC is committed to employing only those who are authorized to work in the U.S. Applicants must be legally authorized to work in the U.S. as HSBC will not engage in immigration sponsorship for this position

As an HSBC employee, you will have access to tailored professional development opportunities to ensure you have the right skills for today and tomorrow. We offer a competitive pay and benefits package including a robust Wellness Hub, all in a welcoming, diverse and inclusive work environment. You will be empowered to drive HSBC’s engagement with the communities we serve through an industry-leading volunteerism policy, a generous matching gift program, and a comprehensive program of immersive Sustainability and Climate Change Initiatives. You’ll want to join our Employee Resource Groups as they play a central part in life at HSBC, including the development of our employees and networking inside and outside of HSBC. We value difference. We succeed together. We take responsibility. We get it done. And we want you to help us build the bank of the future

All qualified applicants will receive consideration for employment without regard to age, ancestry, color, race, national origin, ethnicity, disability or medical condition, genetic information, military or veteran service, religion, creed, sex, gender, pregnancy, childbirth, caregiver status, marital status, citizenship or immigration status, sexual orientation, gender identity or expression or any other trait protected by applicable law.