Business Analyst

Job Description

Some careers have more impact than others.

If you’re looking for a career where you can make a real impression, join HSBC and discover how valued you’ll be.

HSBC is one of the largest banking and financial services organisations in the world, with operations in 62 countries and territories. We aim to be where the growth is, enabling businesses to thrive and economies to prosper, and, ultimately, helping people to fulfil their hopes and realise their ambitions.

We are currently seeking an experienced professional to join our team in the role of Business Analyst

Business: HSBC Global Private Banking & Wealth

Principal Responsibilities

• Support the management of core business activities across Models, relating to: (1) Model Design, Development, Validation & Implementation, (2) Model Portfolio, Risk Analytics & Risk Mitigation, (3) Model Monitoring, Control, Standards & Documentation, and (4) Model Governance across HSBC Group, Policy & Regulatory Risk.

• The roleholder will be responsible for development of investment and wealth models - (i) designing and execution of product risk ratings for Mutual Funds, Bonds, Structured Products and Stocks. (ii) design and maintain the Strategic Asset Allocation (SAA) and Aladdin advisory model used for Advisory and Discretionary businesses. (iii) Help develop Artificial intelligence (AI) model applications for Global Private Banking &Wealth business. (iv) Develop different propositions and client capabilities to support investing framework, margin trading, etc. As an expert in investment product risk, they will also provide key enhancements into designing future state methodologies for investment models.
• Optimise Expected Credit Losses (ECL) and Risk Weighted Assets (RWAs)
• Work across Global Private Banking to effectively manage model risks, increase model coverage and implement globally consistent model systems, standards, policies, processes, methodologies and governance across all regions.
• Engage with stakeholders across all areas, business functions, and regions in identifying local regulatory issues, feeding these requirements into global model program design and ensuring compliance with global and local model regulations.
• Develop and review models according to feedback or requirements from our stakeholders, prepare pre-implementation validation reports for local use (countries or legal entities), develop models specific to a country or a business if required by regulators, support annual model validations, check the run, monitoring and validation of data, develop model prototypes, implement models, UAT of the models, and maintain official model documentation.
• Administrate global and local governance through the Model Oversight Forum and other technical committees, Audit, oversight the global and local model output to ensure its being appropriately used, and support the local and global business teams in model use.
• Run the model, produce global and local results, rollout models to new legal entities as required, run stress tests, document the processes, calculation runs and checks, monitor the model, and statistically validate the input data (scenario and internal loss data).
  
  

Enhance Data infrastructure to support all credit models.

Requirements

• Undergraduate degree or equivalent. . Advanced Degree (Masters, PhD) . Function specific certification or degree (Charted Financial Analyst).
• Experience in Private Banking/Wealth modelling is advantageous and understanding their unique model risks when compared to other areas.
• Experience with Stress testing regulatory articles and ability to scope them to Private Banking is advantageous.
• An understanding of investment, banking, credit and insurance products and services is an advantage.
• Effective presentation, interpersonal, negotiation, communication and analytical skills.
• Recognised strong organisational skills. Knowledge of authoring policies, standards, governance lifecycle process, frameworks, and Target Operating models.
• Good understanding of portfolio management techniques including analytics.
• Coding and modelling languages such Python, Matlab, Visual Basics.
  
  

You’ll achieve more at HSBC

HSBC is an equal opportunity employer committed to building a culture where all employees are valued, respected and opinions count. We take pride in providing a workplace that fosters continuous professional development, flexible working and, opportunities to grow within an inclusive and diverse environment. We encourage applications from all suitably qualified persons irrespective of, but not limited to, their gender or genetic information, sexual orientation, ethnicity, religion, social status, medical care leave requirements, political affiliation, people with disabilities, color, national origin, veteran status, etc., We consider all applications based on merit and suitability to the role.”

Personal data held by the Bank relating to employment applications will be used in accordance with our Privacy Statement, which is available on our website.

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