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The GRA Traded and Operational (TnO) Risk Analytics team specialises in models for assessing trading book risks and operational risk, with a particular focus on Credit, Interest Rates, Equity, and FX asset classes. This encompasses market risk, credit counterparty risk, and stress testing models. With team members based in London, New York, Paris, Kraków, and Hong Kong, the team is responsible for both the development and First-line-of-Defence validation of these models. We support risk reporting for the entire HSBC Group and collaborate closely with regional GRA teams to address local risk reporting requirements. This position is based in Kraków and is responsible for supporting the Americas, overseeing and maintaining risk models and methodologies managed by the GRA TnO team in the United States and Latin America. This is an exceptional opportunity to join a team of quantitative analysts at one of the world’s leading financial institutions.
Job Responsibility:
Evaluate and validate the effectiveness of risk models by leveraging real-world data
Develop a thorough understanding of model features, underlying assumptions, and limitations
Identify opportunities for process improvement, automation, and the strengthening of internal controls
Prepare documentation of model enhancements, ensuring alignment with onshore regulatory standards
Contribute to a range of ad hoc projects as required
Clearly communicate the modelling approach to both internal and external stakeholders, using accessible, non-technical language
Support the ongoing integration and application of risk models within the business-as-usual risk management framework
Requirements:
PhD, MSc, or BSc in Quantitative Finance, Physics, Mathematics, or a closely related field
Demonstrates a robust grasp of financial mathematics, analysis, statistics, and linear algebra
Well-versed in risk measurement methodologies, derivative instruments, and their pricing mechanisms
Proficient in Python, with the ability to apply technical skills to financial modelling and analysis
Exhibits an open and collaborative approach, complemented by strong written and verbal communication skills in English
What we offer:
Variable pay is discretionary, but influenced by Group performance, business/function performance and individual performance
We offer a comprehensive and competitive package of benefits covering healthcare, family friendly leaves, pension and life assurance, as well as many other benefits to support your wellbeing
6 months paid internship in a professional team and international environment
Training and introduction to the Traded Risk activities/models
Consistent scope of responsibilities and guidance
Interesting path of a career in an international organization
Outstanding interns are offered permanent roles after completion