Model Risk Audit Manager Job in Mumbai at HSBC

HSBC is hiring for the role of Model Risk Audit Manager!

Responsibilities of the Candidate:

• Operate, influence and communicate effectively with stakeholders and other GBL INA colleagues
• Build and manage stakeholder relationships throughout the audit process, i.e., regulators, monitor, Senior Management and Audi
• Stay abreast of internal and external changes in the environment and provide a timely assessment to audit management.
• Understand the Group strategy and business/functions strategies, plan and operations objectives in order to focus Internal Audit’s work on the highest risks.
• Enhance both audit skills/capabilities and subject matter knowledge on a wide range of topics to make a meaningful contribution to the business.
• Maintain Audit Quality standards to meet the expectations of Executive Management, Risk and Audit Committees and regulators.
• Develop more efficient and effective processes to conduct the audit.

Requirements:

• A master’s degree or higher in a quantitative subject or evidence of a very solid understanding of advanced data analytics, artificial intelligence, general statistical modelling principles, techniques, applications, data issues, economic intuition behind models and the associated practical modelling risks.
• Compliance models, Operational Risk modelling, Traded Risk modelling, financial mathematics, derivatives, analysis of market risk, econometric modelling, stress testing, scenario analysis, and actuarial modelling. 
• Ideally 2 years of work experience in financial services, with deep knowledge of one or more businesses and products in which models are developed or applied: e.g., front-office trading desks, bank risk functions, risk consulting and insurance actuary. Past working experience in a relevant role, i.e., Internal Audit is highly desirable. Recent graduates with quantitative degrees such as Mathematics, Statistics, Physics and Engineering are also welcome to apply.
• Ideally, a comprehensive understanding of risk management and proven experience in ensuring own/others' compliance with relevant regulatory processes. An understanding of major global regulatory frameworks and compliance requirements.
• Excellent written and spoken communication skills, an ability to communicate with impact, ensuring information is articulated in a meaningful way to wide and varied audiences.
• Planning and prioritizing projects and activities systematically in line with business priorities, using a variety of analysis and problem-solving techniques.
• Strong analytical, problem-solving, organizational, lateral thinking and interpersonal skills.