Model Risk Lead, Retail IFRS9
The Model Risk Lead will oversee independent validation of IFRS9 retail credit models within HSBC's global Model Risk Management function. Responsibilities include technical review of model assumptions, regulatory engagement, stakeholder management, and providing leadership to a team of validators. The role requires deep expertise in quantitative modeling methodologies and experience with statistical programming languages. This position is a critical 2nd line of defense function balancing technical rigor with strategic business priorities.
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Experience
Experience not specified
Function
Finance
Work mode
Onsite, India
Company
Tier 2
What you will work on
The Model Risk Lead will oversee independent validation of IFRS9 retail credit models within HSBC's global Model Risk Management function. Responsibilities include technical review of model assumptions, regulatory engagement, stakeholder management, and providing leadership to a team of validators. The role requires deep expertise in quantitative modeling methodologies and experience with statistical programming languages. This position is a critical 2nd line of defense function balancing technical rigor with strategic business priorities.
TAL's take
Strong global banking brand with clear ownership of IFRS9 retail model validation, though scope is specialized within a bank rather than a tech product.
Very well-defined role, team, and regulatory context within the bank.
Salaries at HSBC
18.4 LPA average
Based on 669 Grapevine salary entries for HSBC.
Finance
2 - 4 years | GCB6
8 LPA average
Range: 8 - 9 LPA
Finance
4 - 6 years | L6
7 LPA average
Range: 7 - 7 LPA
Finance
6 - 8 years | L5
27 LPA average
Range: 23 - 30 LPA
Finance
8 - 10 years | B2
16 LPA average
Range: 4 - 28 LPA
Must haves
- Master’s or PhD in a quantitative discipline
- Detailed knowledge of modelling methodologies and techniques
- Experience of developing and risk models throughout customer lifecycle
- Experience of conducting independent model reviews
- Proven track record of leading teams
Tools and skills
About the company
Global banking institution, not primarily a tech-native firm.
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