Assistant Director, Model Validation

About HSBC and the Role

HSBC stands as one of the foremost banking and financial services institutions globally, operating across 64 countries and regions. We focus on fostering business growth and economic prosperity, helping individuals realize their ambitions. We are seeking a skilled professional for the position of Model Validation Specialist at our Kolkata office.

Key Responsibilities

• Conduct independent comprehensive validations of models in line with the Global Model Risk Policy. This includes evaluating model inputs, calculations, outcomes, theoretical foundations, intended application suitability, data pertinence and completeness, qualitative judgments, documentation, and implementation fidelity.
• Lead and manage validation projects for complex and significant models from planning stages through to completion.
• Prepare detailed, clear, and robust validation reports presenting findings and strategic recommendations.
• Develop and apply customized testing frameworks tailored to model complexities to uncover potential risks and limitations.
• Provide support and mentorship to junior team members on specific validation tasks, methodologies, and complex project elements.

Candidate Profile

• Well-versed in regulatory standards related to model creation and validation processes.
• Knowledgeable about risk models, their performance metrics, and common challenges.
• Familiarity with internal procedures related to model governance is advantageous.
• Committed to staying informed on emerging industry best practices, academic insights, and regulatory developments concerning model risk management.
• Possesses a Bachelor’s or Master’s degree in quantitative disciplines such as Mathematics, Statistics, Physics, Engineering, Finance, or related fields.
• Strong technical expertise in financial products, risk management methodologies, and diverse quantitative modeling techniques.

Additional Information

HSBC is dedicated to equal employment opportunities, fostering an environment where every employee is respected and valued. We promote continuous career development, flexible work setups, and encourage diversity across all dimensions including gender, ethnicity, disability, and more. All applications are considered solely on merit and role fit. Personal data from applicants will be handled according to HSBC's Privacy Statement.

Issued By HSBC Electronic Data Processing (India) Private Limited