HSBC Group

Managing Director band

Some careers have more impact than others.

If you’re looking for a role where you can continue to make an impression, take the next step at HSBC where your contributions will always be valued.

Our Risk and Compliance function has a critical role to play in supporting, challenging and advising across all areas of the business through establishing policy, monitoring profiles, and identifying and managing forward-looking risk and compliance. We focus on creating an environment that encourages our people to speak up and do the right thing, as well as protecting our customers, the organisation and the integrity of the financial markets in which we operate. Already an industry-leader in many respects, we want to continue setting standards and evolving to respond to strategic changes

We are currently seeking a high caliber professional to join our team as Global Head of Enterprise Risk Management, IWPB

Role Purpose

Global Enterprise Risk Management (ERM) is a sub function of Group Risk and Compliance. Its purpose is to make sure HSBC is equipped with a coherent Risk Management Framework, Risk Taxonomy and the tools to enable it to understand and operate within its Global Risk Appetite and effectively manage its overall risk position. It seeks to strengthen the risk culture across the organisation through driving consistent risk management practices across our businesses and functions at global, regional and market level. ERM achieves this through robust oversight and stewardship of the end-to-end processes, risks, and controls ensuring it complies with risk, business and regulatory priorities. Enabling the bank to grow safely, be forward looking, and meet its strategic objectives. The role holder will be accountable for Active Risk Management for ERM activities for IWPB based on the Group’s defined approach to proactively identifying, assessing, measuring, reporting on, mitigating and controlling risk exposures associated with HSBC’s businesses and operations at all levels of the organisation. They will ensure the integrity and timely completeness of risk and control identification, assessment and information within the Group’s Risk and Control system of record as well as directing documented remediation plans for residual risks. 

Principal Accountabilities

• Risk Oversight of the relevant areas
• Setting the approach for ‘Active Risk Management’ (based on Group defined approach) for execution in the relevant areas.
• Providing robust challenge and actionable, contextual guidance across all risks both enabling business growth whilst maintaining related risks within appetite.
• Defining and proposing a Risk Appetite Statement for the relevant areas.
• Ensuring that Risk appetite measures align to strategic priorities globally.  
•  Contributing to the design of the Risk taxonomy and framework.
• Responsibility for the implementation of the ERM framework and regular review of the use and adoption of the Risk Management Framework (RMF) for all risk types. 
• Monitoring internal and external risk trends and ensures that mitigating strategies and policies are developed.  
•  Responsibility for the review of internal and external events, providing insight and learnings as necessary.
• Ensuring that the effectiveness of internal control activity is properly monitored.
• Aggregated reporting/analysis of the environment, thematic analysis and read across for appropriate risk types.
• Completing analytical assessments and if required, opining on the control environment of the First Line of Defense (1LOD) within the relevant areas from an ERM perspective.
• Ensuring ERM Risk Governance is managed effectively.
• Oversight of appropriate change programs.
• Provide a wide array of regional and global stakeholder management, provide leadership to the underlying team
• Represent ERM to Global Business, Regional and Functional Executive Management and Board members. · Provide a forward-looking agenda, including horizon scanning, for emerging risks and challenges that ERM and the Bank may face.
• Lead on relevant transformation programs, partner with other oversight functions and Internal / External Audit to ensure a holistic view of risk profile. Including leading on the delivery and closure of Audit points and Management Self-Identified Issues.

Essential Experience 

• Oversight of standards, processes and procedures: 

  Provide oversight to the First-line’s adoption of Standards, Processes and Procedures required to implement the Policy objectives across the Group and support the embedding of the Risk Framework by working with the Risk Control owners in their area. · Provide robust oversight, formal input, challenge, and guidance to first-line risk and control owners across entities and countries within the Group enabling business growth and innovation while maintaining risk within appetite.

• Risk Management: 

  Experience in risk management at a Globally Significant Financial Institution (GSFI).

• Risk & regulatory landscape: 

  Understands the risk landscape of HSBC Group and its commercial context and strategic ambitions and the importance of the maintenance and management of key frameworks. Very strong knowledge of the relevant regulatory landscape and ability to assess the impact of proposed changes in regulatory rules to the bank, especially those that will impact the Risk appetite.

Essential Capabilities

• Business Insight & Decision Quality - Applying knowledge of business and the market to make good and timely decisions that keeps the organization moving forward.
• Strategic Mindset - Seeing ahead to future possibilities and translating them into breakthrough strategies.
• Action Oriented - Taking on new opportunities and tough challenges with a sense of urgency, high energy, and enthusiasm.
• Builds Effective Teams - Building strong-identity teams that apply their diverse skills and perspectives to achieve common goals.
• Being Resilient - Rebounding from setbacks and adversity when facing difficult situations.
• Manages Ambiguity & Ensures Accountability - Operating effectively, even when things are not certain or the way forward is not clear; holds self and others accountable to meet commitments.

The chosen candidate for this role will be required to undergo enhanced vetting. Subject to local laws, this will require the individual to satisfactorily pass a series of additional checks as part of the recruitment process and on an ongoing basis, if appointed to the role. HSBC Group reserves its position with regards to any steps which it may take in relation to any material adverse findings which arise either when the checks are originally completed, and/or if relevant, on an ongoing basis. For more information about the enhanced vetting for this role, please contact the recruiter for this role.

When applying, please submit a full resume and attach your appraisal reports for the last two performance years. Your local internal application policy should be followed. For internal applicants in Hong Kong with less than twelve months in their current role, please also obtain and enclose the endorsement from your current line manager in the application as well; for more information, you can visit HRDirect and search for content "HKG: Do I need any approval to look for internal career opportunities?".

You’ll achieve more at HSBC.

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. Personal data held by the Bank relating to employment applications will be used in accordance with our Privacy Statement, which is available on our website.

Issued by The Hong Kong and Shanghai Banking Corporation Limited.