Change Manager

Job Title: Change Manager – Credit Risk Modelling

Location: London (Hybrid – 3 days per week in office)

Rate: £781.35 per day (Inside IR35 via Umbrella)

Duration: 6 months (with potential for extension)

About the Role

A leading financial institution is seeking a hands-on Change Manager to drive enhancements in credit risk model development capabilities. This high-priority initiative supports regulatory commitments and aims to deliver a modernised, efficient model lifecycle for credit risk modelling.

Key Responsibilities

• Lead the delivery of change across the IRB model development lifecycle, from design through to implementation.
• Develop a deep understanding of current and target state architectures for credit risk modelling.
• Create detailed process maps and define the future Target Operating Model (TOM).
• Support the formation and leadership of delivery teams, including hiring and structuring to manage multiple models through development, testing, validation, and regulatory approval.
• Collaborate with stakeholders across Risk, Analytics, IT, Internal Audit, and Regulatory functions.
• Drive change management activities including impact assessments, planning, and stakeholder engagement.
• Coordinate communications, user guides, demos, and training materials to support change adoption.
• Ensure alignment with regulatory timelines and expectations, particularly in relation to model testing and submission.
• Identify and resolve delivery risks, ensuring timely execution of critical milestones.

Required Experience & Skills

• Proven experience leading change initiatives in a wholesale credit risk or modelling environment.
• Strong understanding of IRB models and credit risk components (LGD, PD, EAD).
• Experience in change management, ideally with exposure to programme-level delivery.
• Ability to work independently, proactively identifying solutions and driving delivery.
• Strong stakeholder management and communication skills, with the ability to influence across functions.
• Comfortable working with technical teams and understanding testing and implementation challenges.
• Familiarity with Agile delivery tools (e.g. JIRA, Confluence, PowerBI, EazyBI) is desirable.
• Strong documentation and presentation skills (MS Office, Excel, PowerPoint).

Ideal Candidate

• A self-starter who thrives in a fast-paced, delivery-focused environment.
• Not a coordinator or PMO – this role requires someone who can lead, problem-solve, and get hands-on.
• Experience in credit model development or implementation is highly advantageous.
• Comfortable managing multiple workstreams and aligning delivery with regulatory deadlines.

If you’re looking for a career that will help you stand out, join HSBC, and fulfil your potential. Whether you want a career that could take you to the top, or simply take you in an exciting new direction, HSBC offers opportunities, support and rewards that will take you further.

Either apply direct! Or please contact me on [email protected].

Please note, in the event of a high volume of applications for this role, we will not be able to respond to each individual applicant. Unfortunately, if you have not been contacted within 7 days we will not be progressing with your application. Thank you for your understanding.