Job description
The Chief Risk and Compliance Office (CRCO) for INBB China (HSBC Insurance Brokerage Company Limited) is the primary point of accountability within INBB for all Risk and Compliance matters. The purpose of the role is to lead and direct the effective identification, assessment, management, monitoring, and mitigation of risk and ensure that we meet all legal and regulatory requirements.
Role holder is responsible for providing counsel, advice and challenge to the INBB leadership for key business decisions and to develop INBB and line of business strategies and, where required, controls based on thorough understanding of key trends, opportunities and threats impacting INBB.
We are currently seeking an experienced professional to join our team.
In this role, you will:
· Leads and direct the stewardship of INBB, as a partner to the business, supporting growth aspirations whilst retaining the appropriate risk management discipline to achieve the Group’s strategic goals.
· Holds second line responsibility for the risk management of all financial and non-financial risks, acting as the single point of contact across all risk types for INBB.
· Aggregate the risk profile, providing oversight of the Business’ overall risk portfolio through challenge and analysis of risk and reward, ensuring exposures are managed in a consistent and systematic way in accordance with the parameters set by the Businesses’ Risk Appetite Framework
· Proactively identify, assess and provide a forward looking view on top and emerging risks and issues within the Risk Map, developing mitigating strategies where necessary.
· Oversees the management of the relationship with relevant regulators.
· Fosters a strong risk and control and compliance culture, including ensuring adequate management focus and demonstrative “tone from the top”
· Strengthens the businesses’ knowledge of risk and compliance management by incorporating risk and compliance considerations in all activities undertaken to protect and enable the business’ activities through a robust risk management understanding.
· Oversee the Risk and Compliance teams to ensure oversight of the risk management framework to enhance, standardise and integrate the various risk activities including the implementation of strategic projects and systems.
· Provide independent input and challenge to Businesses’ Risk Strategy and Risk Appetite (ensuring alignment with Group Risk Appetite where necessary) .
· Develops, monitors and communicates Risk and Compliance strategy, policies and appetite throughout INBB leading strategic direction for setting industry standards for Risk and Compliance, its challenges, and opportunities to ensure that the Group satisfies the requirements of stakeholders.
· Leads a Regulatory Compliance and Financial Crime sub-function that is considered to be high quality and fit for purpose underpinned by an appropriate governance infrastructure.
· Oversees the provision of advisory services to INBB to support a clear understanding of Regulatory Compliance risk exposure with respect to clients, transactions and products.
· Maintains cost discipline and achieve efficiencies where appropriate.
· Acts in accordance with HSBC’s purpose and values, being cognisant of all applicable local legal, fiscal, regulatory and shareholder requirements as they relate to the team and the operations of HSBC.
· Champions a culture that prioritises the fair treatment of all customers, including particular attention to those who are vulnerable or have changing needs, whilst also ensuring that governance, processes and systems support staff to meet the needs of all customers.
Requisitos
To be successful in the role, you should meet the following requirements:
· Leadership experience at senior level with a strong capacity to innovate and find solutions
· Progressive leadership and communication skills, ability to lead change, influence and actively drive performance
· Demonstrated ability to partner with business stakeholders and collectively grow the business while minimising risk
· Be a strong risk professional with a track record of managing risks in a large scale company with preference in a financial and or insurance organisation
· Knowledge and understanding of the insurance industry and regulatory environment including current and emerging risks including financial risk management, balance sheet dynamics, market risk and model risk is desirable.
· Demonstrated ability to drive change, make difficult decisions, challenge and influence senior management
· Entrepreneurship spirit, self-starter, independent with good communication and leadership skills
· Team player and high achiever with a positive attitude
· Experience in dealing with regulators is desirable but not essential.
· High level of personal integrity and values in line with HSBC core values
· Ability to communicate and influence senior management in both English and Chinese, written and oral
· Ability to drive change and make difficult decisions
· Act with courageous integrity in decision making
You’ll achieve more when you join HSBC.
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Issued by HSBC Insurance Brokerage Company Limited