Model Risk Oversight Lead

Model Risk Oversight Lead - Risk and Compliance

Some careers open more doors than others.

If you're looking for a career that will unlock new opportunities, join HSBC and experience the possibilities. Whether you want a career that could take you to the top, or simply take you in an exciting new direction, HSBC offers opportunities, support, and rewards that will take you further.

Our Risk and Compliance function plays a critical role in supporting, challenging, and advising across all areas of the business through establishing policies, monitoring profiles, and identifying and managing forward-looking risk and compliance. We focus on creating an environment that encourages our people to speak up and do the right thing, as well as protecting our customers, the organization, and the integrity of the financial markets in which we operate. As an industry leader in many respects, we aim to continue setting standards and evolving in response to strategic changes.

As an HSBC employee in the UK, you will have access to tailored professional development opportunities and a competitive pay and benefits package, including private healthcare for all UK-based employees, enhanced maternity and adoption pay, support upon return to work, and a contributory pension scheme with a generous employer contribution.

We are currently seeking an experienced individual to join our team as a Model Risk Oversight Lead.

Our Wealth and Personal Banking business supports millions of individuals, families, business owners, investors, and entrepreneurs worldwide. We provide products and services including current accounts, credit cards, personal loans, mortgages, savings, investments, insurance, and wealth management. We also have specialized relationship managers supporting customers with bespoke requirements, including high net worth and ultra-high-net-worth clients.

As Model Risk Oversight Lead, you will set the standard and deliver confidence - becoming the driving force for managing Model Risk within Retail Credit Risk Analytics.

This is an exciting time to join the HSBC UK Credit Risk Retail Credit Risk Analytics Team. The role can be based in Leeds, Birmingham, Chester, or Sheffield, with hybrid working from home. You will be part of a large analytical team of over 100 individuals working across functions to manage risk. We offer a range of training to support your ongoing development in banking, credit risk, leadership, and technical skills. With multiple teams across the risk department, there are plenty of opportunities for growth and development.

In this role, you will:

• Lead oversight of Model Risk Controls, supporting model and control owners to operate in line with the Global Model Risk Framework and Policy, ensuring robust design and execution of key controls.
• Act as the primary Model Risk Contact, liaising between Wealth & Personal Banking UK and stakeholders including Group Retail Credit Risk, Model Risk Management, Audit, and the Model Risk Owner.
• Provide oversight of policy compliance and remediation, monitoring adherence to global policies within risk appetite, communicating issues, and supporting remediation efforts with deep subject matter expertise.
• Manage self-attestation of compliance with PRA regulations for Regulatory Capital models, leading assessments against CRR, SS, and other relevant regulations for rating systems within WPB UK risk.
• Oversee the completion of first-line defense post-model reviews, providing review, challenge, and recommendations to model owners.
• Operate functional model governance forums, organizing and facilitating the WPB UK Credit Risk Model Oversight Forum and Basel Model Change Forum to ensure strong governance and robust review processes.
• Lead control monitoring and assessment, executing the evaluation of key controls, providing assurance of their effectiveness, and ensuring alignment with policy requirements.
• Drive process improvements and best practices to embed excellence across all model categories, including regulatory and non-regulatory models.
• Manage and develop team members, including two Risk Analysts, setting standards for effective Model Risk Management across the wider team.

To succeed, you should have:

• A strong understanding of model risk governance and regulatory expectations, particularly SS1/23, Capital Requirements Regulation, and BCBS 239.
• Practical experience with model oversight, validation, or development, ideally within credit risk or retail banking.
• Familiarity with the CRR and UK regulatory landscape, including internal model approval requirements.
• Proven ability to lead, influence, and challenge senior stakeholders in risk, analytics, and data functions.
• Excellent communication and stakeholder management skills.
• Strong attention to detail and ability to produce accurate governance documentation.
• Skill in interpreting and applying complex policy frameworks.
• Strong organizational and project management capabilities.
• Effective presentation skills and a positive attitude when facing complex issues.

The role is based in Birmingham, Sheffield, Chester, or Leeds, with hybrid working requiring attendance at the office 60% of the time.

Join HSBC to achieve more.

We are committed to creating diverse and inclusive workplaces. Our recruitment processes are accessible to everyone, regardless of gender, ethnicity, disability, religion, sexual orientation, or age.

We are proud to be a Disability Confident Leader and will offer interviews to candidates with disabilities, long-term conditions, or neurodivergence who meet the minimum role criteria.

If you need adjustments during the application process, please contact our Recruitment Helpdesk.