Treasury Model Risk Analyst

Treasury Model Risk Analyst

London (hybrid)

Up to £550.00 p/d PAYE / £706.38p/d Umbrella

Contract until end of Feb 2024

If you’re looking for a career that will help you stand out, join HSBC, and fulfil your potential. Whether you want a career that could take you to the top, or simply take you in an exciting new direction, HSBC offers opportunities, support and rewards that will take you further. We are currently seeking an experienced individual to join this team in the role of Treasury Model Risk Analyst.

Job Description

We are currently seeking an ambitious individual to join our team as a Treasury Model Risk Analyst working together with colleagues to assist the planning, tracking and reporting of Model Risk management/governance responsibilities and activities within the bank’s Global Treasury function.

Role Purpose

We are looking for people who have worked in Model Risk in the financial sector and have specific hands-on experience collaborating on projects from initiation to delivery to join a Treasury function whose purpose is to manage model risk and governance.

As part of a global team, the role will involve working with multiple functional teams with a view to managing all model risk governance workstream deliverables. The role will have a heavy emphasis on the supporting of Treasury Model Risk leads, Subject Matter Experts and their workstreams in the enhancement of Global Treasury model risk management and governance. Model categories include those to manage liquidity, interest rate, pension and capital risk.

In this role, you will:

· Work closely with Treasury Model Risk Office Workstream Leads, Treasury Model Category Leads and a variety of Global Treasury stakeholders to implement mandated Model Risk Policy and Procedures as it relates to model risk management and governance within agreed quality criteria and timescales for Global Treasury.

· Administer and participate in the running of numerous Treasury Model Risk forums and working groups, including organizing events, preparing materials, tracking actions, taking minutes and other tasks as required.

· Contribute in the running in projects relating to automation of Model Governance policy and procedures.

· On an ongoing basis, work with Global Treasury stakeholders to:

a) ensure successful remediation of model risk indicators (MRI’s) as identified by Independent Model Review (IMR) within prescribed timeframes, and

b) ensure Global Model Risk Standards (GMRS) and Global Model Risk Policy (GMRP) is adhered to at all times by Global Treasury 1LoD model roleholders.

c) Work with both Global Finance Analytics (GFA) and Model Risk Management (MRM) to implement best practices in model risk management within Global Treasury 1LoD.

· Liaise and work with relevant stakeholders within IT, Global Treasury teams, Global Businesses and Global Functions (e.g. business line FRM, Global Risk Analytics etc) to achieve excellence in Treasury Model Governance worldwide.

· Actively participate in, and where appropriate, assist with cross-functional working groups to implement model risk governance policy and procedures.

· Perform administrative work supporting the Treasury Model Risk Office as required, including but not limited to: organizing meetings, preparing presentation materials, taking minutes, and other clerical functions as required.

· Proactively engage in cross-functional collaboration to ensure timely delivery of tasks and responsibilities, fostering a culture of accountability and driving achievement of target milestones.

· Other tasks and responsibilities as assigned by management.

To be successful in the role, you should meet the following requirements:

• Educational Background: A Bachelor’s degree in Finance, Economics, Mathematics, Statistics, or a related field.
• Analytical Skills: Strong analytical and quantitative skills to assist in model evaluation, validation, and risk assessment.
• Attention to Detail: Exceptional attention to detail when reviewing and documenting model assumptions, methodologies, and outcomes.
• Financial Knowledge: Basic understanding of financial products, market dynamics, and risk management concepts.
• Treasury Risk Experience: At least two years' broad-based banking experience in project management within financial services with preference for those who have focused on Treasury topics such as Interest Rate Risk in the Banking Book (IRRBB) and Liquidity Management.
• Technical Proficiency: Proficiency in Microsoft Excel for data analysis and reporting, and other Office products for communication. (e.g., PowerPoint, Excel, SharePoint, Word)
• Communication Skills: Effective written and verbal communication skills to clearly convey complex technical information to both technical and non-technical stakeholders.
• Team Player: Ability to collaborate with cross-functional teams, take direction, and contribute to the achievement of collective goals. Exceptional organizational skills in supporting and assisting in the management of multiple concurrent projects.
• Adaptability: Willingness to learn and adapt to evolving regulatory requirements, industry best practices, and internal policies.
• Problem-Solving: Proactive approach to identifying issues, proposing solutions, and assisting in the resolution of model-related challenges.
• Ethical Integrity: Strong commitment to maintaining confidentiality and adhering to ethical standards in handling sensitive information and data.
• Regulatory Awareness: Basic understanding of financial regulations and compliance requirements related to model risk management (e.g., SR 11-7, SR 15-18, Basel guidance, PRA SS1/23).
• Organizational Skills: Ability to meet agreed-upon deadlines in the face of competing priorities and ambiguous requirements.
• Documentation Management: Managing and maintaining documentation (e.g. meeting packs, meeting minutes, logs and plans) and facilitate key governance forums, reinforcing the accountability of key stakeholders
• Project Management: Have both theoretical and practical knowledge of project management principles
• Certifications: Progress towards or interest in pursuing relevant certifications such as Certified Financial Risk Manager (FRM), Chartered Financial Analyst (CFA), or similar qualifications.

If you think you are up for the task and feel you meet the above criteria or interested to hear more information, please contact me on Amy.walker@tapfin.com

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