SVP Independent Model Review

Company: HSBC
Location: Chicago
Posted on: April 1, 2025

Job Description:

Our purpose - Opening up a world of opportunity - explains why we exist. Here at HSBC we use our unique expertise, capabilities, breadth and perspectives to open up new kinds of opportunity for our more than 40 million customers. We're bringing together the people, ideas and capital that nurture progress and growth, helping to create a better world - for our customers, our people, our investors, our communities and the planet we all share.Independent Model Validation is a specialist quantitative role within the Model Risk Management team responsible for carrying out independent validations of HSBC's model landscape, in order to identify and communicate model limitations and issues.As our SVP Independent Model Review you will:

• Independently reviewing and (re)validating FO pricing and valuation models and methodologies with a focus on GFX and novel AI applications (e.g. GenAi) for Global Markets business
• Lead development of internal validation platform including FO pricing models for benchmarking and automation tools to optimize model risk management practices
• Supervise and coach junior offshore validators
• Act as a model risk manager for US markets businesses, including exercising model risk controls during the course of normal business process, scheduling model reviews, addressing IMR validation findings and representing MRM in various model risk and governance fora
• Support regulatory exams and internal and external auditsFor this role, HSBC targets a pay range between $168,300.00 and $252,400.00. The final fixed pay offer will depend on the candidate and a number of variables, including but not limited to, role responsibilities, skill set, depth of experience and education, licensing/certification requirements, internal relativity, and specific work location.At HSBC, our overall goal is to provide a competitive Total Reward Package, with an appropriate mix of fixed pay, and variable pay, as part of an employee's overall total compensation and benefits. Variable pay generally takes the form of discretionary, annual awards (sometimes referred to as a "bonus"). Additionally, HSBC offers a wide range of competitive and flexible benefits designed to help you improve your health and well-being, finances, and lifestyle.
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Keywords: HSBC, Chicago , SVP Independent Model Review, Other , Chicago, Illinois