Workplace Diversity
Senior ALCM Quantitative Analyst

Senior ALCM Quantitative Analyst

locationDepew, NY, USA
PublishedPublished: 1/17/2024
Full Time

Job description

Senior ALCM Quantitative Analyst, HSBC Technology & Services (USA) Inc., Depew, NY: This role is situated within the First Line of Defense (FLOD), in Asset Liability & Capital Management (ALCM) and will prepare, manage, analyze, and model large data sets for statistical analysis and development of econometric models to estimate customer or bank behaviors related to interest rate, liquidity, and stressed capital risks while adhering to model risk governance policies and ensuring ongoing compliance with model governance requirements. Responsible for developing, validating, documenting, performance monitoring, and testing of Asset Liability & Capital Management quantitative behavioral models including, but not limited, to those that forecast balance sheet, income statement, prepayments, non-contractual deposit balances, early withdrawals, pricing, spreads, rate index, yield curve, and product balance runoff & growth. This role will also maintain the model inventory, be the primary interface to model oversight including ALCM Second Line of Defense (SLOD), Independent Model Review (IMR), Internal Audit, vendors, and regulators, and resolve model related findings.

Full time employment, Monday – Friday, 40 hours per week, Pay range: $146,400- $156,400 per year.


Must have a Bachelor’s degree or foreign equivalent in Mathematics, Statistics, Economics, or Quantitative Finance with a focus on statistical methods, or a closely related field and at least
7 years of progressive, post-baccalaureate related work experience. Alternatively, the employer will accept a Master’s degree or foreign equivalent in Mathematics, Statistics, Economics or Quantitative Finance with a focus on statistical methods or a related field and at least 5 years of related work experience.

Qualifying experience must include at least 5 years of experience in:

·         Statistical modeling and programming using a statistical software package such as SAS, R, Matlab, Python in a financial application;

·         Modeling financial instruments and related behaviors; and

·         Data management and demonstrated ability to manage, cleanse, and analyze large data sets.

Qualifying experience must include at least 3 years of experience in:

·         Developing or configuring mortgage prepayment and deposit attrition models, and model sensitivity and performance analytics;

·         Cash flow, product, and/or balance sheet forecasting under various macroeconomic scenarios for financial institution stress testing;

·         Experience with Asset Liability and Capital Management risks and ratio calculations including those used in interest rate risk, liquidity risk management, capital stress testing, and transfer pricing;

·         Understanding of financial and accounting principles, terminology and concepts; and

·         Experience effectively managing teams and stakeholders wither directly or indirectly.

Employer will accept any suitable combination of education, training or experience.

If you would like to apply to this position, please click the 'Apply' button.

In compliance with applicable laws, HSBC is committed to employing only those who are authorized to work in the US. Applicants must be legally authorized to work in the U.S. as HSBC will not engage in immigration sponsorship for this position. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

At HSBC, our overall goal is to provide a competitive Total Reward Package, with an appropriate mix of fixed pay, and variable pay, as part of an employee’s overall total compensation and benefits. Variable pay generally takes the form of discretionary, annual awards (sometimes referred to as a “bonus”). Additionally, HSBC offers a competitive benefits package including a robust Wellness Hub, in a welcoming, diverse, and inclusive work environment. You will have access to tailored professional development opportunities to ensure you have the right skills for today and tomorrow. You will be empowered to drive HSBC’s engagement with the communities we serve through an industry-leading volunteerism policy, a generous matching gift program, and a comprehensive program of immersive Sustainability and Climate Change Initiatives. You’ll want to join our Employee Resource Groups as they play a central part in life at HSBC, including the development of our employees and networking inside and outside of HSBC.  We value difference. We succeed together. We take responsibility. We get it done. And we want you to help us build the bank of the future!