Technical Editor - Wholesale Credit/ Traded Risk Models

Job description

Role Title: Technical Editor - Wholesale Credit/ Traded Risk Models

Business: Risk
New or Existing Role? New
Grade: GCB4

· Role Purpose Model Documentation is considered to be one of the most fundamental tenants of an effective Model Risk Management operating model. It provides a sustainable record of the models designed purpose, scope, drivers, key assumptions, and limitations. It also provides the central vehicle for HSBC to communicate model performance and regulatory compliance.
· GRA Technical Editors are are at the centre of how HSBC documents Risk models for the consumption of a broad spectrum of readership and will be responsible for:
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Managing and executing the delivery of model documentation telling the models story in an understandable and consistent way to meet Senior Management ans 3 rd party expectations.

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Production of high quality, comprehensive, consistent and coherent model documentation in support of regulatory submission and approval.

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Acting as a Technical Editing expert across Wholesale Credit and Traded Risk model risk landscape.

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Drawing the requisite information from Technical Writers and translating complex methodologies into high quality easily digestible documentation.

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Management of an iterative documentation review, challenge and approval process across multiple model documentation initiatives simultaneously.

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Ensuring best practice standards adhered for all model risk documentation.

· In addition to the aspects of a Technical Editor this role also requires expert knowledge of Wholesale Credit/ Traded Risk risk modelling.
· Control
· Managers are accountable for setting the ‘tone at the top' which underpins the principles of a positive and effective internal control environment. They should exhibit leadership and direction to their teams for establishing and maintaining an effective internal control environment, including the development and management of policies and procedures where appropriate. Managers should also ensure that suitable processes are put in place to review and oversight that internal control environment against those policies.
· Conduct
· Culture & Behaviours
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Our culture supports our people and empowers them to consistently do the right thing for our customers and markets in which we operate

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Our people are competent and committed to the fair treatment of customers and not disrupting the integrity of markets

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We are open to challenge, we acknowledge when things go wrong, we fix things and we learn from our mistakes

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We reward and incentivise performance, behaviours and attitudes which deliver the fair treatment of customers and uphold market integrity

· Markets
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We seek to prevent and will proactively identify actions and behaviours that constitute market misconduct, and respond appropriately

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We manage conflicts of interest and appropriately handle information to reduce the opportunity for misuse.

· Governance & Oversight
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Our governance framework provides effective oversight of how we fairly treat customers and uphold market integrity

Key Accountabilities

Impact on Business

· Value Creation
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Employs an improvement mindset to identify and define issues or problems that are less obvious; participates actively and constructively in brainstorming meetings where problems are discussed and/or resolved

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Uses systemic thinking and creativity in devising solution options

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Articulates or translates complex information in clear, meaningful and structured way to suit audience

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Understands the Group's priorities, competitors and competitive strategy to help drive strategically aligned solutions, considering aspects of risk/reward.

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Anticipates issues and risks and acts to mitigate these quickly; handles any unforeseen roadblocks swiftly and effectively

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Thinks ahead to identify potential risks to service or performance and deals with them proactively; effectively manages review processes to identify quality issues early

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Builds effective working relationships with analysis and design teams in our delivery partners and works well with external partners

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Often acts as an expert across multiple projects or programmes simultaneously, guiding the teams on their requirements gathering, design, change or implementation approach. May conduct one off business research and analysis tasks related to programme or project scope.

· Operational Performance
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Defines requirements management processes and designs detailed business solutions and structures based on business requirements; challenges business intent in a constructive manner

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Identifies areas of impact on the target operating model and designs activities to mitigate impact

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Manages requirements traceability through design and delivery

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Manages stakeholder audience through the commitment curve with communications, training and development

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Supports reengineering of processes, where process is one of the many parts of the change, and provides detailed guidance on process design (considering risk, end-to-end and cost)

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Supports the programme management with impact assessment for change requests on design, scope, time, budget or effort on programme plan and provides accurate estimates for handling new requirements, design changes and scope

· Capability and People Development
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Promotes pace and energy within the team and leads by example

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Understands differences between people as an opportunity to learn from varied viewpoints

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Gains a clear understanding of others' point of view by listening, asking clarifying questions and reflecting back; encourages and facilitates open and honest debate with tact and integrity, even where sensitive issues are involved

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Supports others design efforts where they have relevant experience and operates in a collaborative manner

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Builds professional relationships and networks with people in or outside the team as part of day-to-day work

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Seeks opportunities to work collaboratively across boundaries (e.g. with different teams, geographies, cultures etc.)

Major Challenges
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Content heavy role –Technical Editor must demonstrate strong risk modelling knowledge and stay abreast of industry developments.

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Stakeholder complexity –Technical Editor will often need to gather requirements and agree designs across business stakeholders, dealing with different interests and resolving disagreements and conflicts, and sometimes needing to challenge poor requirements and design decisions. They will often attend and lead these meetings or workshops with no supervision.

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Multi-disciplinary –Technical Editor need to be able to gather documentation artefacts that encompass all aspects of the delivery (customer, people, process, policy, technology - system, data, infrastructure, etc).

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Often Technical Editor will work across multiple documentation initiatives at the same time.

Role Context
· Global Risk Analytics (GRA) is a part of HSBC's Global Risk Function which provides solutions using analytics, tools, and models to identify, measure and manage key risks. GRA currently covers Wholesale Credit and Market Risk, Financial Crime Risk, Regulatory Compliance and Operational Risk. As GRA is focused on model development and ownership, its activities are considered First Line of Defence.
· The incumbent will be responsible for delivery of Wholesale Credit/ Traded Risk model documentation across GRA globally, working at group, regional and local levels.
· The job is a major point of contact with model owners, developers and delivery partners. The jobholder works independently and has a high level of flexibility to consult with the business at all levels. They will need to have the ability to work closely with and build good relationships with GRA and external to GRA delivery partners. The jobholder is expected to successfully engage in multiple initiatives simultaneously, taking a lead role in documentation initiatives that impact significant numbers of users and teams group wide spanning all lines of business.
· The role holder may chair decision making working groups and forums. The jobholder will not be subject to close supervision, and will be expected to exercise independent initiative and judgement in proactively overcoming obstacles to success, dealing with uncertainty and changing circumstances, such as interdependencies, opportunities or risks. He/she will be expected to adopt an agile and flexible approach to work and an outstanding level of professionalism and conduct.
· The role holder will operate within the usual authority limits for a Technical Editor.
· Role Dimensions
· The value of this role should not be measured by the size of the team, but by the impact the team is expected to deliver within the programme or project.

Management of Risk
· The jobholder will also continually reassess the operational risks and likelihood of operational risk occurring. This will be achieved by reviewing risks associated with the role and inherent in the business, taking account of changing global economic or market conditions, legal and regulatory requirements, operating procedures and practices, management restructurings, and the impact of new processes. Effective and timely remedial action should be evidenced. Group Programmes and regional/local programmes/projects must be managed in accordance with the Group Controls Framework and with relevant FIMs. Solutions must comply with applicable legal and regulatory requirements - albeit that inherent in the role is the requirement to challenge our interpretation of these requirements to ensure that we take a commercial approach to their implementation.

Observation of Internal Controls

· The jobholder will adopt the Group Compliance Policy by escalating any identified compliance risk in liaison with, 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.
· Business Analysts adhere to the Transformation standard tools and methodologies such as BTF and Agile:

Desired profile

Qualifications :

Knowledge & Experience / Qualifications

·  Knowledge
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Good understanding of quantitative modelling methodologies and best practice techniques

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Very strong knowledge of the external environment – regulatory, political, competitors etc.

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Business analysis, requirements gathering and design techniques

·  Experience
·  Strong quantitative modelling background
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Strong (5+ years) Wholesale Credit/ Traded Risk technical documentation editing experience

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Strong stakeholder management/ interpersonal skills

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Demonstrable ability to translate complex modelling techniques into high quality, coherent documentation

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Understanding of relevant regulatory requirements in respect to Wholesale Credit/ Traded Risk modelling

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Strong experience in a process orientated project environment; ability to work as part of a tightly focussed project delivery team

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Strong record of delivery; ability to work under pressure in delivery of projects with tight deadlines

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Superior English language skills (verbal and written)

·  Advanced Microsoft Office skills
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Familiarity with content authoring systems and controls an advantage

·  Capabilities
·  Achieving Excellence
·  Delivery at Pace
·  Impactful communication
·  Planning and Plan Management
·  Stakeholder Management
·  Problem Solving and Critical Thinking
·  Collaboration
·  Commerciality
·  Consultancy
·  Qualifications and Accreditations
·  BSc/BA or higher in related discipline (Statistics, Quantitative Economics, Computer Science, Technology, Communications, Business Administration)


As a business operating in markets all around the world, we believe diversity brings benefits for our customers, our business and our people. This is why HSBC is committed to being an inclusive employer and encourages applications from all suitably qualified applicants irrespective of background, circumstances, age, disability, gender identity, ethnicity, religion or belief and sexual orientation.

We want everyone to be able to fulfil their potential which is why we provide a range of flexible working arrangements and family friendly policies.

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