.If you're looking for a career where you can make a real impression, join GSC HSBC and discover how valued you'll be.We are currently seeking an experienced professional to join our team in the role of**Subdirector Model Risk Management & Risk Steward****Role purpose**:This role is independent of the commercial risk-taking activities of the first line. The role lead efforts to monitor regional compliance within the globally set policies and guidelines for managing risks related to models, and provide advice and guidance to support these policies. This person will also have a strong understanding of local regulatory requirements for model risk and abilities to challenge the first line to ensure that it's risk management activities are working effectively.The role holder is also responsible for final approval for material models on behalf of the region and liaising with the Independent Model Review (IMR) Centers of Excellence to ensure all local validation requirements are met. In addition, this person will lead Model Risk Governance (MRG) activities specifically for their region, working with the Model Risk Governance group level team.**Main activities**:- The role holder is accountable for leading oversight and engagement with all Regional, Country and Entity level senior stakeholders for model related risk stewardship within the region they are responsible for, ensuring that strong risk management is embedded across businesses and functions, enabling safe growth.- Review and support the approval of dispensations from Global Model Risk Policy and standards for their region, including local regulatory interpretation.- Ensure businesses and functions understand and implement the requirements set forth in the model risk policy, standards and controls and ensure this work is tracked and recorded by the global Model Risk Governance Services team.- They are responsible for local Model Risk Management reporting and for providing regional input to global reporting where required.- As the Regional Model Risk Steward, the role holder is responsible for working with Risk & Control Owners to support active model risk management across their region. This includes:- Oversee the embedding of the Risk Taxonomy & Control Library for Model Risk.- Providing ongoing oversight and challenge of the 1LOD in embedding Risk Policy and monitoring ongoing compliance to the policy.- Supporting the 1LOD in setting and managing their risk appetite and risk acceptance approach including the provision of oversight and challenge to ongoing monitoring and remediation plans (as applicable).- Providing final approval for the use of material models for Regional use cases.- Actively providing advice and challenge to the 1LoD for key existing and emerging risks and the associated conduct impact and customer outcomes of these risks