Quantitative Analyst - Wholesale Credit (HSBC)

Job Type:
Job reference:
about 1 month ago

Quantitative Analyst (Wholesale Credit Analytics)
Location - London
Daily rate - £575/day PAYE - £737/day Umbrella
Start date - ASAP
Contract - 12 Months

Our financial services client is currently seeking an experienced Quantitative Analyst who has experience with Modelling and SAS to join their team. This role will in effect Improve the client's risk management by providing analytics-based measures of credit risk for Global Wholesale portfolios. Credit risk analytics is a technical and fast-developing area, owing to the regulatory pressure and the level of competition in financial markets, which demands ever more accurate and objective measures of risk.

The jobholder needs to demonstrate an expertise in highly technical areas (e.g. statistical analysis, data mining) as well as deep understanding of credit business and credit products. Most of Global wholesale portfolios are low default portfolios for which default/loss data are scarce. It requires the jobholder to be able to propose unconventional solutions that help to overcome these natural limitations. Owing to the global scarcity of analytics resources, the jobholder will be subject to the ongoing pressure of deadlines for project completion.

The role requires a broad range of skills, from technical expertise and ability to manipulate large data sets, to clear communication and good writing skills. The job holder will be asked to be at ease with very technical matters and at the same time be able to communicate to model users, senior management and regulators in a clear, transparent and effective way.

Key Responsibilities:

  • Support and lead the build, enhancement and deployment of wholesale credit risk models, as directed, to allocate RWA, CRR, EAD, LGD, or Economic Capital / provisioning measures and to support businesses.
  • Support business model users by providing training, conducting user forums, obtaining feedback.
  • Liaise with Global RRA members as well as with business and risk stakeholders to share and acquire analytics expertise.
  • Communicate with regulators in order to explain the compliance of HSBC risk rating system with IRB requirements
  • Support communication with Change Delivery and IT functions
  • Provide guidance and support to model users
  • Provide training and lead/participate to technical workshops
  • Identify opportunities for process, data and system improvements to support development of robust and business-relevant risk metrics
  • Detect and investigate reasons for model ineffectiveness and model misuse
  • Work closely with Technical authors in generating content and documenting code
  • Heavy involvement with data; Data Analysis, Sense checks, Data merging etc

Key Requirements:

  • University degree/Extensive experience in a quantitative or technical field
  • IRB Modelling Experience (MUST HAVE)
  • SAS Experience (MUST HAVE)
  • Good understanding of statistics and familiarity with sophisticated tools for numerical analysis
  • Strong data management and system deployment skills
  • Good knowledge of wholesale credit process and products
  • Relevant working experience in a bank, rating agency, consultancy or advisory firm
  • Ability to prepare clear and effective presentations, trainings and workshops
  • Open personality and effective communicator, ability and flexibility to work in an international team
  • Ability to write clear and understandable documents
  • Ability to support successful delivery projects within the agreed time scale, in liaison with all relevant stakeholders: team colleagues, model owners, credit, business, IT, senior management and regulators.

If you think you are up for the task and feel you meet the above criteria or interested to hear more information please contact me on 0161 503 5530 /

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