HSBC is hiring for the position of Business Analyst in Kolkata, India. Candidates with a Undergraduate/ Master’s Degree/ Ph.D are eligible to apply for this position. The complete information, eligibility criteria, and requirements are provided below.
Job Description:
| Company Name | HSBC |
| Position | Business Analyst |
| Qualifications | Undergraduate/ Master’s Degree/ Ph.D |
| Batch | 2020/ 2021/ 2022/ 2023/ 2024/ 2025 |
| Experience | Freshers/ Experienced |
| Location | Kolkata, India (Hybrid) |
Key Responsibilities:
- Support the management of core business activities across various model-related domains, including:
- Model Design, Development, Validation, and Implementation
- Model Portfolio, Risk Analytics, and Risk Mitigation
- Model Monitoring, Control, Standards, and Documentation
- Model Governance across HSBC Group, Policy, and Regulatory Risk
- Design and develop investment and wealth models, including:
- Executing product risk ratings for Mutual Funds, Bonds, Structured Products, and Stocks
- Designing and maintaining the Strategic Asset Allocation (SAA) and Aladdin advisory models used for Advisory and Discretionary businesses
- Contributing to the development of Artificial Intelligence (AI) model applications for the Global Private Banking and Wealth business
- Creating investment propositions and client capabilities to support investment frameworks, including margin trading
- Provide expertise in investment product risk by contributing to the enhancement and design of future-state methodologies for investment models
- Optimize Expected Credit Losses (ECL) and Risk Weighted Assets (RWAs) through effective modeling practices
- Collaborate with stakeholders across the Global Private Banking function to:
- Manage model risks effectively
- Expand model coverage
- Implement consistent global model systems, standards, policies, processes, methodologies, and governance across all regions
- Identify and address local regulatory issues by engaging with cross-functional and regional stakeholders, ensuring compliance with global and local model regulations
- Develop and review models based on stakeholder feedback or regulatory requirements, including:
- Preparing pre-implementation validation reports for specific countries or legal entities
- Developing models tailored to country-specific or business-specific regulatory needs
- Supporting annual model validations
- Running, monitoring, and validating model data
- Building model prototypes and conducting User Acceptance Testing (UAT)
- Implementing models and maintaining comprehensive documentation
- Administer global and local model governance through the Model Oversight Forum and technical committees, including:
- Supporting audit processes
- Overseeing model outputs to ensure appropriate usage
- Assisting local and global business teams in the application and interpretation of model results
- Execute model operations by:
- Running models and generating global and local outputs
- Rolling out models to new legal entities as required
- Conducting stress testing and documenting processes, calculations, and checks
- Monitoring model performance and statistically validating input data (e.g., scenario and internal loss data)
- Enhance the data infrastructure to ensure robust support for all credit modeling activities
Eligibility Criteria:
- Possess an undergraduate degree or an equivalent qualification.
- Hold an advanced degree such as a Master’s or Ph.D. (preferred).
- Have a function-specific certification or qualification, such as Chartered Financial Analyst (CFA).
- Experience in Private Banking or Wealth Modeling, with an understanding of the unique model risks specific to these domains, is advantageous.
- Familiarity with stress testing regulatory requirements and the ability to adapt them to the Private Banking context is beneficial.
- A solid understanding of investment, banking, credit, and insurance products and services is considered an asset.
- Demonstrate strong skills in presentation, interpersonal communication, negotiation, and analytical thinking.
- Possess recognized organizational skills and the ability to manage complex documentation and processes.
- Knowledge of drafting policies, setting standards, managing governance lifecycle processes, developing frameworks, and defining Target Operating Models.
- Have a good understanding of portfolio management techniques, including analytics and performance measurement.
- Proficient in coding and modeling languages such as Python, MATLAB, and Visual Basic.
About Company:
We’re a financial services organisation that serves more than 40 million customers, ranging from individual savers and investors to some of the world’s biggest companies and governments. Our network covers 63 countries and territories, and we’re here to use our unique expertise, capabilities, breadth and perspectives to open up a world of opportunity for our customers.
How To Apply?
- First, read through all of the job details on this page.
- Scroll down and press the Click Here button.
- To be redirected to the official website, click on the apply link.
- Fill the details with the information provided.
- Before submitting the application, cross-check the information you’ve provided.
