.Job description If you're looking for a career where you can make a real impression, join our Global Service Center (GSC)- HSBC and discover how valued you'll be.We are currently seeking an experienced professional to join our team in the role ofModel Monitoring ManagerRole purpose:Global Analytics Center (GAC), is a hub of advanced analytics competency, providing high-end analytics services across global businesses and global functions. Set-up in India in 2004, GAC has matured into a shared Centre of Excellence comprising 2000+ professionals with offices in Bangalore, Kolkata, Guangzhou, Krakow and Mexico. The work done in GAC forms a vital input towards for strategic planning by the senior management for businesses and enables effective decision making along with addressing unforeseen challenges.GAC is an innovative community leveraging the best of data and analytics capabilities to enable smarter decisions and drive profitable growth.Main activities:We play a vital role in the measurement and assessment of financial and non-financial risks for the bank. We utilize sophisticated models to provide analytical solutions and tools to quantify key risk metrics used to inform business decisions and meet regulatory and financial reporting obligations. To improve the understanding of performance of our models we execute adequate model performance monitoring and assessment to ensure models perform as expected or, when necessary, to introduce compensating controls. Regulations continue to evolve with various model risk management focused initiatives, stipulating wide-reaching changes for assessing model risk management compliance through observing model performance monitoring, assessment, model risk governance and controls. A fine balance is needed to both adhere to regulatory changes and scrutiny and to achieve our strategic objectives, requiring executing efficient model monitoring/assessment and model risk governance/control plans to meet both regulatory and internal model risk management requirements.Responsible for conducting model risk evaluation through performance monitoring and assessment of HSBC's Wholesale Credit Risk models used in the US which encompass all model types including A-IRB, CECL/IFRS9, and CCAR/Stress Test models.This includes setting and implementing the global Wholesale Credit Risk model monitoring standards and frameworks to meet evolving regulatory and internal model risk management requirements.You will ensure the alignment of our model performance with global and regional business strategy with the aim of supporting effective use of models as a tool for efficiently managing risk and achieving commercial outcomes.You will keep on-going engagements with model developers, model users and other business stakeholders to inform them timely the outcomes of model performance monitoring and assessment and identify any model issues that may require compensating controls
