John Rea Fcicm
About John Rea Fcicm
John Rea is the Head of Model Risk Management at HSBC UK, where he has worked since 2019. He has extensive experience in risk management, having held various roles in organizations such as British Pearl, Provident Polska, and GE International.
Current Role at HSBC
John Rea serves as the Head of Model Risk Management at HSBC UK since 2019. In this role, he is responsible for creating robust model development, implementation, and usage processes. He ensures effective challenge and conducts appropriate model validation and independent reviews for all models utilized within HSBC UK. His leadership contributes to the overall risk management strategies of the organization.
Previous Experience at HSBC
Prior to his current position, John Rea held multiple roles at HSBC. He worked as Programme Director for the Global Cost Savings Strategic Initiative from 2015 to 2019, focusing on optimizing cost efficiency across the organization. Additionally, he was involved in Global Risk, specifically in Optimisation programmes and Global Risk Transformation from 2013 to 2015. His tenure at HSBC has spanned various aspects of risk management.
Professional Background
John Rea has a diverse professional background in risk management and consulting. He served as Chief Operating Officer at British Pearl from 2012 to 2013 and as Commercial Director at Oakam for a brief period in 2011. He also owned John Rea Consulting, where he operated from 2006 to 2009, providing consulting services in the UK and Asia. His experience includes significant roles in credit risk management at Provident Polska and portfolio management at National Australia Group.
Education and Expertise
John Rea is recognized for his expertise in model risk management and risk governance frameworks. He developed and implemented a comprehensive Risk Governance framework for all models at HSBC UK. His extensive experience in various risk management roles has equipped him with the skills necessary to navigate complex risk landscapes effectively.
Career Timeline
John Rea's career spans several key positions in the financial services sector. He began his career at The Co-operative Bank as a Senior Manager in Corporate & Commercial Scoring from 1997 to 2002. He then transitioned to GE International as a Senior International Risk Manager for a year. His career trajectory includes significant contributions to risk management across various organizations, culminating in his current leadership role at HSBC UK.