Job Description
Key Responsibilities
• Development of the Basel III and EBA compliant models for GPB segment.
• Quantification and impact assessment of new regulations (such as Collateral Eligibility, Basel 3 proposed floors, etc.) on the existing GPB portfolios benefitting and propose solutions to optimise RWAs.
• Perform the quantification and end-point validation of the developed models in line with the other existing models.
• Undertake and refresh Article 146 activity to address the identified gaps to the regulatory guidelines.
• Work closely with GPB model developers to understand technical aspects of model that needs to be developed. Subsequently create modelling infrastructure including the model performance testing of models and present in technical forums.
• Ensure project timelines are being adhered and highlight any risks to delivery well in advance.
• Operate in a more agile fashion and conduct timely briefings on progress of work as opposed to only communicating via emails.
• Support end to end delivery inclusive addressing IMR/ Audit/ Group or Regional review requirements, if any.
Typical targets and measures
• Successful delivery of considerable optimization & efficiency gain project undertaken
• Timely completion of planned activities without any delay attributable to GSC functions.
• Recorded evidence by Line Manager and business stakeholders
• Cross train with other regions within CCO team for optimal resource utilization
• Identify opportunities of cost save / Process reengineering which may include and not limited to:
Impact on the Business
• Engage with GPB stakeholders to present model compliance with applicable regulation, and devise model solutions and business changes to ensure ongoing compliance with regulation.
• Enhance modelling methodologies and global model development standards to meet the expectations and requirements of multiple regulators including the PRA, HKMA, FINMA, MAS, CSSF, and OCC, amongst others in line with the new Basel 3 requirements.
• Ensure that the requirements set out in HSBC Model Risk Policy and Standards are satisfied and that modelling activities and relevant documentation are recorded into the HSBC’s global model inventory system (GMIS) and the team file system.
Supervise requests made by the regulator for locally implemented models and analytics. Work with industry panels to keep abreast of trends in model risk, changes in regulation, help form HSBC’s position on emerging topics and ensure HSBC’s views are considered in consultations and other rule-making processes in countries as appropriate
Typical targets and measures
• Lean ideas suggested / Implemented
• Six Sigma Projects
• Cost save initiatives undertaken
• Realized Cost save
• Realized considerable efficiency gain
• Nil evidence of breaches towards the bank’s policies & regulations like Data Protection and Privacy, Anti Money Laundering, Information Risk policy and regulatory requirements, process specific regulations.
• Abide by Group Compliance policy
Customers / Stakeholders
• Collaborate with GPB Models team to help identify financial risks and provide effective model and analytic solutions. The main stakeholders include: Global/local Head
• Development of the Basel III and EBA compliant models for GPB segment.
• Quantification and impact assessment of new regulations (such as Collateral Eligibility, Basel 3 proposed floors, etc.) on the existing GPB portfolios benefitting and propose solutions to optimise RWAs.
• Perform the quantification and end-point validation of the developed models in line with the other existing models.
• Undertake and refresh Article 146 activity to address the identified gaps to the regulatory guidelines.
• Work closely with GPB model developers to understand technical aspects of model that needs to be developed. Subsequently create modelling infrastructure including the model performance testing of models and present in technical forums.
• Ensure project timelines are being adhered and highlight any risks to delivery well in advance.
• Operate in a more agile fashion and conduct timely briefings on progress of work as opposed to only communicating via emails.
• Support end to end delivery inclusive addressing IMR/ Audit/ Group or Regional review requirements, if any.
Typical targets and measures
• Successful delivery of considerable optimization & efficiency gain project undertaken
• Timely completion of planned activities without any delay attributable to GSC functions.
• Recorded evidence by Line Manager and business stakeholders
• Cross train with other regions within CCO team for optimal resource utilization
• Identify opportunities of cost save / Process reengineering which may include and not limited to:
Impact on the Business
• Engage with GPB stakeholders to present model compliance with applicable regulation, and devise model solutions and business changes to ensure ongoing compliance with regulation.
• Enhance modelling methodologies and global model development standards to meet the expectations and requirements of multiple regulators including the PRA, HKMA, FINMA, MAS, CSSF, and OCC, amongst others in line with the new Basel 3 requirements.
• Ensure that the requirements set out in HSBC Model Risk Policy and Standards are satisfied and that modelling activities and relevant documentation are recorded into the HSBC’s global model inventory system (GMIS) and the team file system.
Supervise requests made by the regulator for locally implemented models and analytics. Work with industry panels to keep abreast of trends in model risk, changes in regulation, help form HSBC’s position on emerging topics and ensure HSBC’s views are considered in consultations and other rule-making processes in countries as appropriate
Typical targets and measures
• Lean ideas suggested / Implemented
• Six Sigma Projects
• Cost save initiatives undertaken
• Realized Cost save
• Realized considerable efficiency gain
• Nil evidence of breaches towards the bank’s policies & regulations like Data Protection and Privacy, Anti Money Laundering, Information Risk policy and regulatory requirements, process specific regulations.
• Abide by Group Compliance policy
Customers / Stakeholders
• Collaborate with GPB Models team to help identify financial risks and provide effective model and analytic solutions. The main stakeholders include: Global/local Head
💡 Quick Summary
Seeking a career-building opportunity? The Business Analyst | Basel 3|GSC|s position is now open for candidates interested in the Bank Jobs sector. This role in Bengaluru offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Bank Jobs is a plus.