Vice President, DQM Verifications

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 Vice President, DQM Verifications

Business: Risk Compliance

Principal Responsibilities
• Undertake detailed reviews of DQMs to ensure they are fit for purpose and operating as expected.
• Including: Testing DQM’s numerical implementations, assessing the inputs, reporting outputs, suitability for the use of its intended purpose, relevance and completeness of data, documentation and implementation of the DQM, and adherence to policy.
• Conduct control testing as required.
• Lead a team who carry out review / validations, supervising their delivery, using experience and knowledge to intervene and escalate as and when required.
• Provide written reports detailing the results of the review including documentation of issues identified and reviewing the appropriateness of 1LOD remediation plans to resolve.
• Participate in Governance Forums as required.
• Support the recruitment, retention and development of junior colleagues and providing coaching and guidance, to foster a culture of continuous improvement and excellence.
• Identify opportunities for control improvements
• Make recommendations for improvements in Policy and Procedure frameworks
• Contribute to relevant Transformation Programmes within the region by proactively engaging and assisting in the identification and mitigation of risk. This includes early intervention in new designs to ensure Model Risk is thought about from the beginning.

Requirements
• Experience in assurance, audit, finance or model risk management within financial services or other major industries.
• A good understanding of banking and model risk and control framework including model identification, and knowledge of relevant regional laws, regulations and the overall regulatory environment preferred.
• Experience of model/DQM/EUC risk management would be helpful.
• Experience of managing stakeholder relationships.
• Knowledge and expertise of local market and HSBC’s different business lines is preferable.
• Team management experience is essential, preferably in a technical area of delivery.
• Aptitude to develop strong networks with key stakeholders at all points in a matrix structure, creating an ability to execute task at hand with minimum conflict.
• Experience developing assurance automation and analytics tools preferred.
• Capable of supporting colleagues in providing advice and challenge to 1LOD queries
• Excellent English written and oral communication skills. Read more