Analyst / Senior Analyst / Manager Decision Sciences Gsc S Job In Hsbc In India, Bengaluru / Bangalore

Job description Business: GRA TRA, Global Analytics CenterOpen positions: 1Role Title: AVP/ Lead AVP/ Senior AVP - Decision Sciences, GSC'sGlobal Career Band: 6Location : BangaloreRecruiter Name : Sunny DograWhy join us Global Analytics Center (GAC): A mature analytics capability, the Global Analytics Center (GAC), is a hub of advanced analytics competency, providing high-end analytics services across global businesses and global functions Set-up in India in 2004, GAC has matured into a shared Centre of Excellence comprising 2000+ professionals with offices in Bangalore, Kolkata, Guangzhou and Krakow The work done in GAC forms a vital input towards for strategic planning by the senior management for businesses and enables effective decision making along with addressing unforeseen challenges GAC is an innovative community leveraging the best of data and analytics capabilities to enable smarter decisions and drive profitable growth Rightly positioned in the two major intellectual hubs of India, Poland and China, it attracts a rich mix of resources across business consulting, data analysts, decisions scientists and advance analytics professionals.

Being in these locations also enables HSBC to leverage talent from the rich academic and start-up ecosystem to keep up to date with the latest in the industryToday, the GAC team generates value across the group through a wide variety of data and analytic solutions and related business consulting GAC has become a one-stop shop for the group's analytic needs leading the integration of analytics and data-driven decisions not only in traditional areas such as Risk, Retail, Wholesale, Private & Commercial Banking but also in new domains such as Regulatory, Operations, Procurement, Human Resources, and Financial Crime Risk It provides support to various business groups and the job involves data analysis, model and strategy development & implementation, Business Intelligence, reporting and data management Global Business/Global Function (Ex: WPB, CMB, GRA etc):Global Risk Analytics is one of the key sub-functions within Global Risk providing analytics solutions and regulatory capital model support for Global Businesses in domains of wholesale credit risk, traded credit and market risk, treasury risk and operational risk.

The function focuses on risk model development, monitoring, quantitative impact study, model maintenance and performs the role of 1st line of defense with respect to model riskGlobal Business/Global Function - Sub-Function (Ex: CDO, CCS, DDS,) : GAC GRA Traded, Treasury & Operational Risk Analytics team is a centrally managed team within GAC that is responsible for model development, model risk governance, monitoring performance, backtesting and define future action for all Regulatory Capital models (IMA and IMM) within Traded Risk business for HSBC Traded risk models include: (1) Market Risk models(2) Counterparty Credit Risk models(3) Margin models(4) Add-on models(5) Economic Capital The team is a critical part of First Line of Defense (FLoD) from Model Risk perspective and is essential in meeting Regulatory and Audit requirement for the business The team is responsible for delivering several Regulatory reports.

The Opportunity: Job Description:Decision Sciences job family is structured to address business problems with quantitative solutions like building of predictive algorithms / forecasting / scenario simulations etc Members of this Job Family are differentiated by their capability of converting a business problem into a quantitative construct, solve it with available statistical / mathematical methods (following the right rigour), engage with IT to implement and finally interpret the model outcomes in business language The range of business problems may cover areas of business growth, improving customer experience, limiting risk exposure, capital quantification, enhancing internal business processes etc They are required to, as necessary, embed agile & exploratory practices into their approach, justify the choice of appropriate methods to various internal and external reviewers This talent group is expected to keep themselves apprised of latest developments and industry practices around emerging methodologies, techniques etc.

and bring those in-house by applying them for better outcomes A decision sciences job family member should be able to:

• Apply relevant analytical methods / algorithms to get actionable insights from HSBC's internal (both structured and unstructured) and external data sources
• Partner with IT / Data Engineering teams to create deployment road-map
• Provide actionable solutions with clear articulation of recommendations for the business stakeholders across geographies
• Independently manage delivery of analytics projects by working with business partners across regions / geographies
• Actively contribute in innovative analytical solutioning for improved business performance

The position is of Analyst/Senior Analyst/ Manager, in Financial Engineering team of Traded Risk Analytics, and will functionally report into Global Head of Financial Engineering team of TRA This role is responsible for building quant libraries for Traded risk models To manage the full implementation cycle (from design, implementation, testing to release and deployment) for all traded risk models The jobholder will be located in Traded, Treasury & Operational Risk Analytics, GAC GRA in Bangalore, India List of Key Responsibilities:

• Perform activities pertaining to understanding requirement, design, build, and test quant libraries for the models to be on boarded on Traded Risk quant library (TRANQL)
• Participating in the model development cycle in conjunction with BAs and system owners
• Support Model Users and Senior management in Model related activities in line with HSBC strategy
• Working in conjunction with Risk IT, Product Controls, Front Office, Global Markets Operations and other support and control functions.
  
  
• Implementing global best practices related to quant libraries and infrastructure
• Housekeeping of quant libraries

What you'll do: Management of Risk/Internal Controls/Compliance:

• The jobholder will continually reassess the operational risks associated with the role and inherent in the business, taking account of changing economic or market conditions, legal and regulatory requirements, operating procedures and practices, management restructurings, and the impact of new technology
• The jobholder will also adhere to and be able to demonstrate adherence to internal controls This will be achieved by adherence to all relevant procedures, keeping appropriate records and, where appropriate, by the timely implementation of internal and external audit points, including issues raised by external regulators.
  
  
• The jobholder will implement the Group compliance policy by containing compliance risk in liaison with Global Head of Compliance, Global Compliance Officer, Area Compliance Officer or Local Compliance Officer The term 'compliance' embraces all relevant financial services laws, rules and codes with which the business has to comply
• This will be achieved by adhering to all relevant processes/procedures and by liaising with Compliance department about new business initiatives at the earliest opportunity Also and when applicable, by ensuring adequate resources are in place and training is provided, fostering a compliance culture and optimising relations with regulators

Requirements What you will need to succeed in the role:

• Strong quantitative background, with a degree (Masters/PhD preferred) in Statistics/ Econometrics/ Economics/Mathematical Science/Engineering/Finance
• Minimum of 2-10 years of relevant experience in model development, model validation and model management.
  
  
• Good understanding of pricing, valuation, VaR, derivative products time series market data
• Strong programming skills (Python, Matlab etc) in order to develop the models or making proof of concepts
• Knowledge of numerical methods applied on these models is a definite advantage
• Working experience of Traded Risk models as part of model development or model validation team.
  
  
• Manage and train Junior staff
• Ability to collaborate and communicate effectively, including within onshore / offshore team set-ups
• Ability to drive results in a limited time duration and handle constant work related pressure
• Knowledge and exposure to cloud analytics platform such as GCP, AWS Redshift, Azure etc would be a plus but not mandatory
• Enthusiasm for proactively seeking, exploring and developing use cases for new data and/or tools/wider industry trends
• All applicants must have successfully completed their probation period.
  
  
• Employees must meet performance and behavioral standards as defined in the policy
• Applicant should not be on a corrective action plan/ disciplinary action in the last 6 months or any other performance action as on the date of application

Link to Candidate User Guide: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.

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