Quantitative Analyst, Wholesale Credit Analytics
- London, Greater London (GBR)
- Negotiable
- 12 Months
- Start date: ASAP
- Ref: HSBCJP00038928
- quantitative
- credit
- data management
- metrics
- change delivery
Job description
Posted 28 October 2021
Quantitative Analyst, Wholesale Credit Analytics.
Location – London/ Remote Working
Pay rate - TBC
Duration – 12 Months
Principal Accountabilities:
- Support and lead the build, enhancement and deployment of wholesale credit risk models, as directed, to allocate RWA, CRR, EAD, LGD, or Economic Capital / provisioning measures and to support businesses.
- Assist with development of new wholesale credit risk scorecards (PD, LGD, EAD) for global portfolios
- Support or drive enhancement of existing credit risk scorecards in order to improve their performance or their applicability to other risk measurement requirements (e.g. IFRS9 or stress testing)
- Support deployment and maintenance of credit risk models on existing risk systems
- Support MMP and independent review process
- Drive data improvement initiatives to support model development
- Support business model users by providing training, conducting user forums, obtaining feedback.
- Liaise with Global RRA members as well as with business and risk stakeholders to share and acquire analytics expertise.
- Communicate with regulators in order to explain the compliance of HSBC risk rating system with IRB requirements
- Support communication with Change Delivery and IT functions
- Identify opportunities for process, data and system improvements to support development of robust and business-relevant risk metrics
- Detect and investigate reasons for model ineffectiveness and model misuse
- Gain a good understanding of all the available data sources (internal and external), internal processes and systems
- Lead and participate to model usage forums
- Work efficiently, respecting the agreed time schedule and appropriately escalating any project delays
- Write clear documentation
- Prepare effective presentations and deliver clear communication
- Work as directed as part as model development teams, ensuring good communication and efficient allocation of tasks is maintained
- Participate in and contribute to technical workshops
- Run or participate to technical training sessions for other RRA members
Knowledge & Experience / Qualifications
- University degree in a quantitative or technical field
- Good understanding of statistics and familiarity with sophisticated tools for numerical analysis
- Strong data management and system deployment skills
- Good knowledge of wholesale credit process and products
- Relevant working experience in a bank, rating agency, consultancy or advisory firm
- Ability to prepare clear and effective presentations, trainings and workshops
- Open personality and effective communicator, ability and flexibility to work in an international team
- Ability to write clear and understandable documents
- Ability to support successful delivery projects within the agreed time scale, in liaison with all relevant stakeholders: team colleagues, model owners, credit, business, IT, senior management and regulators.
