Associate Director, MRM Validation (Bangalore, KA, IN, 560103)

HSBC
Bengaluru
Workplace: OnsiteFull timeFunction: Executive & General ManagementSkills: ["Independent judgment","Stakeholder management","Leadership","Risk awareness","Negotiation"]

Lead independent, end-to-end validation of risk models under the Global Model Risk Policy, including assessment of inputs, calculations, outputs, theory soundness, data relevance, documentation, and implementation. Design testing frameworks and validation methodologies, drive model validation project delivery, and negotiate outcomes with model developers and business owners. Provide governance support for audits, regulators, and first/second-line forums while managing and coaching a cross-geography model risk team.

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FursaFursa
HSBC
HSBC
1 day ago

Associate Director, MRM Validation (Bangalore, KA, IN, 560103)

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Last checked: 2 hours agoStatus: Live

Job Summary

Lead independent, end-to-end validation of risk models under the Global Model Risk Policy, including assessment of inputs, calculations, outputs, theory soundness, data relevance, documentation, and implementation. Design testing frameworks and validation methodologies, drive model validation project delivery, and negotiate outcomes with model developers and business owners. Provide governance support for audits, regulators, and first/second-line forums while managing and coaching a cross-geography model risk team.
Location: Bengaluru
Workplace: Onsite
Employment Type: Full time
Job Function: Executive & General Management
Seniority: Director level

Key Responsibilities

  • •Undertake end-to-end, independent model validations under the Global Model Risk Policy, including assessment of inputs, calculations, reporting outputs, documentation, and implementation.
  • •Design, develop, and execute testing frameworks and advanced validation methodologies/tools tailored to model complexity.
  • •Ensure timely delivery and quality of model validation projects within a functional stream, and drive continuous improvement of validation processes and methodologies.
  • •Lead discussions and negotiate validation outcomes with model developers and business owners; defend validation conclusions when needed.
  • •Provide functional leadership for model risk management colleagues across geographies, including coaching, team guidance, portfolio-level review consistency, and governance support for audits and regulators.

Key Requirements

  • •Bachelor’s or Master’s degree in a quantitative field (PhD advantageous).
  • •Extensive experience leading and supervising model validation within traded risk/pricing risk/counterparty risk domains.
  • •Strong regulatory knowledge for model development and validation (e.g., PRA, OCC/FRB, EBA, HKMA, UAE) and risk model understanding, metrics, and issues.
  • •Advanced programming skills (e.g., Python, SAS, C++, Java) and experience producing code-based documentation (LaTeX or XML/MS Word) with statistical software and AI-driven coding/productivity tools.
  • •Proven ability to manage and motivate a small team and lead stakeholder relationships across the organization matrix.
Experience:BankingModel risk managementTraded riskPricing riskCounterparty riskVaRFRTBXVAFinancial products
Education:
Skills:Independent judgmentStakeholder managementLeadershipRisk awarenessNegotiation
Certifications:CQFFRMPRM
Tech Stack:PythonSASC++JavaLaTeXXMLMS WordClaude CodeGitHub CopilotChatGPT

Company Brief

HSBC
Global banking and financial services organisation offering retail, commercial, corporate and investment banking, wealth management, and global markets services across Europe, Asia, the Americas and the Middle East.
Industry: Banking
Company Size: Enterprise (1,001+ employees)
Revenue: USD 1B+
Growth: Public Company
Valuation: Public Company (Market Cap in USD)
Funding: IPO / Publicly Listed
Headquarters: London, United Kingdom
Founded: 1865
Glassdoor
Glassdoor: 3.6
WebsiteLinkedIn