HSBC Group

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If you’re looking for a career that will unlock new opportunities, join HSBC and experience the possibilities. Whether you want a career that could take you to the top, or simply take you in an exciting new direction, HSBC offers opportunities, support and rewards that will take you further. 

Global Internal Audit provides independent, objective assurance to management and the risk and audit committees as to whether the framework of risk management, control, and governance processes, as designed and represented by management, is adequate and functioning.

The primary role of Global Internal Audit (GIA) is to help the Board and Executive Management to protect the assets, reputation and sustainability of the HSBC Group. GIA provides independent and objective assurance over the design and operating effectiveness of the Group’s framework of risk management, control and governance processes. GIA possesses specialized capabilities and skills through its versatile, inquisitive, and diverse team of global professionals.

GIA values the diversity of perspectives, knowledge and experiences and we encourage candidates from an array of disciplines and backgrounds. GIA supports flexible working. 

Role Purpose  

We are currently seeking an experienced Head of Audit - Retail Credit Risk and Analytics to oversee and manage global retail credit risk audit portfolio and provide internal stakeholders with critical assessments of HSBC’s governance, risk and control frameworks as it relates to the management of Retail Credit Risk. 

Key responsibilities:

• Audit Entity Risk Assessments, the maintenance of the associated Audit Universe, and preparation and delivery of the Annual Audit Plan within expected timeframes, standards, methodology, budget, and best practices 
• Maintain a detailed understanding of macroeconomic, portfolio, regulatory requirements and control environments in order to dynamically assess continuous monitoring and audit needs. Critically analyse and determine key drivers of change for area of coverage and assess how these will impact GIA’s engagements 
• Manage internal and external stakeholder relationships. Represent GIA in governance forums, including the preparation and presentation of associated audit packs 
• Demonstrate strong subject matter expertise of the Retail Business, Functional, and Regulatory environment (e.g. regulatory requirements under PRA, CRR, EBA and Basel 3.1), including developing trends, risks, controls, and expectations 
• Develop data analysis tools and techniques to provide assurance over controls 
• Support a strong risk and conduct culture across the Group and promote awareness and sound operational and strategic decision-making 
• Businesses include Retail, Wealth and Private Banking; the role focuses on retail credit risk management primarily in the second line of defense across all Retail products 
• Participate in Governance forums (e.g. Risk & Audit Committee, Risk Management Meeting, Boards, impairment committees) 
• Deliver audit assignments, including continuous monitoring and risk assessments, provide constructive challenge, and value adding engagement with key stakeholders 
• Effective communication with Senior Management on the major plans, projects, strategic developments, and industry trends that impact functions and businesses. Maintain constructive relationships with external auditors and regulators. 

Requirements

• Strong experience in Retail Credit Risk; preferably with experience across lines of defence. Consultancy, and external audit experience will be considered. Strong technical credit skills are needed to identify, design, build, and implement innovative auditing solutions 
• Strong understanding of retail credit products and regulatory requirements as they pertain to Retail Credit Risk , experience in evaluation of:  policies underpinning underwriting and lending strategies, collections and recoveries, stress testing/sensitivity analysis of retail credit risk portfolios, IFRS9 Expected Credit Loss calculations, risk appetite frameworks and models used in retail credit risk management.
• Accounting, audit, analytical, financial, project management, quantitative, risk, and technology skills, qualifications or certifications 
• Undergraduate or graduate degree in business, accounting, mathematics, or social sciences is preferred 
• Analytical and critical thinker, who can effectively manage competing priorities and complex challenges to deliver positive outcomes 
• Ability to communicate with impact, ensuring complex information is articulated to wide and varied audiences and a willingness to travel

Opening up a world of opportunity. 
http://www.hsbc.com/careers 

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