HSBC Group

GCB 3

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. 

International Wealth and Premier Banking (IWPB) helps deliver on HSBC’s purpose of opening up a world of opportunity by providing our customers with borderless banking and world-class wealth management through best-in-class, mobile-first capabilities, and exceptional people. Our international network and breadth of expertise enable us to support individuals, families, business owners, investors, and entrepreneurs.  International Wealth and Premier Banking provides a leading premium proposition through Premier Banking and, together with our Private Bank, are present across the world’s most important markets, booking centres, and corridors most valued by our clients. Our wealth offering is further enhanced through our best-in-class manufacturing capabilities in Asset Management and Insurance.

We are currently seeking a high calibre professional to join our team as a Head of Product and Execution Risk Oversight.

AMH Retail Banking and Wealth (RBW) is the leading Wealth solution provider with the largest base of HNW customers and the HSBC Group’s leading wealth business . Our wealth offering is enhanced through best-in-class manufacturing capabilities provided by INHK, AMG and WPS.

Role purpose  

The role of Head of Product and Execution Risk Oversight directly supports the Head of Business Risk and Credit within AMH RBW. The purpose of the role is for the role holder to provide holistic first line oversight/challenge of AMH RBW Products and related Execution risks in particular the application of product and platform-related policies and controls especially the ones that WPS and Retail product teams have responsibility for:

• Ensuring the effective implementation and ongoing execution of best-in-class control standards within AMH RBW to drive sustainable business outcomes that align with and support the organization's growth strategy.
• Ensuring the application of policy requirements impacting products, including suitability standards, global fair value exchange, product governance, cross-border activities, and other securities restrictions such as cryptocurrencies, sustainability, sanctions, and more. 
• Supporting and ensuring the rigorous execution of all change management activities to effectively address control gaps and design deficiencies such as One Wealth Platform and AI related activities
• Enforcing robust risk governance, in particular the Product Risk Oversight Committee and ensuring all WPS senior management have visibility of key risks and remediation activity
• Analyse lessons learned from post-trade Sales Quality testing and facilitate read across where needed.

Accountabilities for Business, Customers and Stakeholders

• Identify and proactively manage current and emerging risks related to changes to services, products and systems across AMH RBW.
• Ensure processes and technology, are bringing rigor and consistency to controls testing across AMH RBW and addressing gaps in the completion of end-to-end business activities. This will be achieved by implementing and overseeing governance processes, intervening in RBW activities where necessary, and agreeing subsequent actions with key senior managers and functional colleagues.
• Enhance the control environment through the coordination of effective thematic risk reviews. 

Requirements

Functional Knowledge

• Thorough understanding of the Group and AMH business and products.
• In-depth understanding of financial markets, including Investment, Insurance and Retail Credit products.
• Vision, capability and energy to devise and implement strategic initiatives.
• Strong business communication and analytical skills.
• Excellent interpersonal skills, with the ability to partner with key stakeholders and senior management. 
• Comfortable navigating ambiguity, adapting to changing priorities, working in a dynamic environment and getting things done. 
• Proven track record of flexibility and resourcefulness in fluid environments of constantly evolving priorities, challenging bureaucracy and staying true to the values and strategy of the Group

Experience:

• Broad and comprehensive understanding of concepts and principles within one discipline

Business / Commercial knowledge:

• The role requires a comprehensive understanding of several value units / products /regulatory requirements / legal requirements, alongside an advanced understanding of the industry and the relative positioning of the HSBC's products and services.

Leadership

• Management responsibilities for a team of professionals.

Problem Solving

• Covers a wide range of activities that require evaluative judgements based on the analysis of factual and qualitative information in complicated perhaps novel situations

Innovation    

• Seeks ways of improving and adapting day to day departmental activities and will actively seek authority to implement them.

Accountability / decision making

• Latitude to make decisions outside of established procedures but within a policy framework.  Broad guidelines are available.  Role implements strategy set by others.

Strategic Responsibility

• Implements business plans through own team and is accountable for results.

Communication    

• The role requires the ability to guide, persuade and influence others through the developed skills of communication and diplomacy.
• Establishing effective collaborative relations with internal key stakeholders is a critical part of the job.

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?".

Opening up a world of opportunity

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 Hongkong and Shanghai Banking Corporation Limited.