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Risk and Compliance is a Second Line of Defence (LOD) function, responsible for reviewing and challenging the activities of the Group’s businesses (also referred to as ‘the First LOD’) to ensure that they effectively manage as ‘Risk Owners’ the risks inherent in or arising from the conduct of their activities and for which they are responsible. The Second LOD consists of ‘Risk Stewards’ who are independent of the commercial risk-taking activities undertaken by the First LOD. The Risk and Compliance function is a Risk Steward for a number of financial and non-financial risks in accordance with HSBC Group’s risk framework.
Role Purpose:
This challenging role requires a leader and individual contributor with strong communication and stakeholder management skills as well as subject matter knowledge. It requires the ability to deliver multiple Group-led or Regional regulatory deliverables concurrently and at pace including ad-hoc deliverables.
Duties & Responsibilities:
• Implement a consistent and effective approach to portfolio management across Wholesale businesses.
• Assist with the coordination of local Change Delivery related to Large Exposure reporting and monitoring, other internal reports, Wholesale Policies and Portfolio Management.
• Support the LOBs, Approvers, CROs and Heads of WCR through provision of data and intelligence on the data to drive effective risk management.
• Risk Policies – Modifies regional credit policies so that they are current and meet business and approver needs, while aligning with local regulations. Provides inputs to Global policy development through participation in relevant groups/fora.
• Regulatory – Supports local initiatives (with PRA/DFSA) in regulatory engagement exercises mandated by regulators, directly or through the Group/Region.
• Governance – Provides inputs to projects aimed at aligning methodologies, governance and policies around the Group. To ensure adherence to Group’s standards in all relevant activities.
• Portfolio risk management – Provides senior WCR management with both internal and external indicators to identify emerging trends in the wholesale market. These trends are then expected to be actioned in agreement with the business to adjust our risk appetite accordingly. Produce aspects of wholesale credit packs and information requests from Global teams, Regulators and WCR senior management. Assist in conducting both regular and ad-hoc strategic portfolio management reviews of countries, sectors and customer types. Monitor against regional and country portfolio concentration caps.
• Build strong relationships across country, regional and Global WMR teams, adopting a joined-up approach, to support execution of responsibilities
• Building strong working partnerships with Regional Global Business and Finance teams.
• Engage with WMR Risk leadership to understand key local challenges in translating group strategy, develop understanding of impact to realization of targets.
• Analyse stakeholder goals and effectively manage their expectations, addressing any misalignment to minimise conflict and promote cohesion.
• Responsible for managing challenging stakeholder situations across a regional remit in a credible and culturally aware manner.
• Supporting colleagues across the Region to facilitate awareness around Regional Portfolio Management, Policy, Reporting, Systems and Project best practice.
• Provide guidance and support and constructive challenge on initiatives
• Accept full responsibility and accountability for deliverables as required
• Attend senior Exec committees and forums as required
• Act as a role model for HSBC’s values; leading with courageous integrity and embedding the values in day to day behaviors and decision making.
• Drive a performance and collaboration culture through own leadership behavior
• Foster, coordinate and participate in regional and global initiatives as well as cross-risk projects.
• Priorities most important value add work, where capacity is limited.
• Engage key stakeholders across functions in a cohesive and collaborative manner.
• Ensure due observance of Internal Control Standards and Group Compliance Policy, including the timely implementation of recommendations made by internal / external auditors and external regulators.
• Manage control operator responsibilities in relation to large exposure reporting.
• Coordination and oversight of regulatory and compliance matters and the management of operational risk.
• Explore ways to streamline policies and the extraction of portfolio information and the subsequent monitoring of it.
Requirements
Experience & Qualifications:
• Graduation degree is REQUIRED– to secure a UAE Visa and Work Permit, Degree level or MBA or equivalent experience beneficial
• Preferably a MA or advanced degree or equivalent, preferably in Finance, Economics or equivalent
• Good knowledge of risk metrics both internal and external – able to interpret them for the use of risk management
• Strong conceptual skills (business models, organizational design) and analytical skills (business performance, market & competitive dynamics).
• Strong Communication and interpersonal skills, including the capacity to articulate the case for investments and alternatives in the language of business
• Commitment to drive high quality deliverables
• Excellent stakeholder management skills
• Excellent negotiation, influence, mediation and conflict management skills.
• Excellent problem solving skills and ability to provide creative solutions
• Excellent quality oral and written communication
• Tableau MI creation and Python or R programming skills
• Strong time management skills
• Demonstrated flexibility across multiple domains and functional areas
• Structure analytical approach and flexibility to work across multiple domains
• Demonstrated ability to build relationships with key stakeholders and senior leaders.
• Working across cultures and in matrixed organizational structures.
• Experience running global governance, and wide knowledge of diversity of challenges in various regions/markets HSBC operates in.
• Relevant experience of circa 10 years +
• Courageous integrity – leading with the best interest of business in mind.
• Understanding and translating strategy into understandable actions and aligning directions accordingly.
• Aspiring – being ambitious about providing the highest standards of delivery and encoring adoption across their colleagues.
• Lead wider team by example through setting stretching goals for self and delivering them with courage and tenacity.
• Authentically engaging with colleagues and business partners to deliver at pace.
• Making considered decisions that protect and enhance HSBC values, reputation and business.
• Proactive and Team player
• Decision maker
• High energy and results oriented as both an individual contributor, and as a member of a team.
• A high degree of professionalism and integrity.
• Adherence to HSBC values is mandatory
For further details and application information please visit our careers site:
0000L7ZO
We support our staff to adopt flexible and alternative ways of working where possible, including working from home and different hours subject to approvals.
HSBC is committed to building a culture where all employees are valued, respected and opinions count. We take pride in providing a workplace that fosters continuous professional development, flexible working, and opportunities to grow within an inclusive and diverse environment.
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Issued by The Hong Kong and Shanghai Banking Corporation Limited.
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