Job description
Transactions Risk Management (“TRM”) sits within the independent Global Trade Solutions (“GTS”) Product Risk function. It is part of the first line of defense, supporting the initial and ongoing management of GTS products and customer/client relationships to achieve sustainable growth.
The main components of support apply to Structured Trade (Working Capital) Products, and these are endorsing facilities, managing in-life controls including monitoring collateral, Due Diligence/Surveys and Portfolio Management (this also expands over the wider GTS products).
We are currently seeking an experienced individual to join GTS (Global Trade Solutions) in this Product Risk role.
• Responsible of advising on structuring matters and managing credit risk in relation to Structured Trade Finance products (e.g. Asset Based Lending - “ABL, Receivables Finance - “RF”, etc.).
• Endorse proposals of Structured Trade Finance products to Wholesale Credit Risk (“WCR”); noting the endorsement can occur for new business, facility changes and/or renewals. The Endorsement is the review and support of various suitability criteria presented to TRM. Typically, a control pillar with analysis covering structure, suitability, collateral characteristics, financial crime risks (“FCR”), viability of the proposal and summary including main risks and mitigants. Additionally incorporates in-life facility conduct and performance for renewals.
• Validate information provided by the client evidencing the value of the collateral provided. Establish facility suitability including operational features of transactions undertaken to ensure the effective management of credit, fraud, and financial crime risks, coupled with a view of sales suitability. Achieved by physical review of customers’ records and supporting documents. This could be for Asset Based Lending - “ABL”, Receivables Finance - “RF”, Commodity Trade Finance “CTF” facilities typically completed for new proposals, renewals, facility changes and as and when required under Functional Instruction Manuals (“FIM´s”) and/or local procedures.
• Identify anomalies and trends, including periodic reviews detecting, analysing, and reporting changes in the portfolios. Reviews may focus on certain clients, controls, trends, outstanding actions, and associated risks generating new actions.
• There will be specific accountability for setting and implementing risk strategy in line Functional Instruction Manuals (“FIM´s”) and Global Operating Procedures (“GOP´s).
• This is a key role requiring a strong risk background to effectively identify, manage and escalate on risk issues and ensure implementation of Global Functional Instruction Manuals (“FIM´s”) and Global Operating Procedures (“GOP´s) whilst operating in a regulated and evolving environment.
• The role will work with multiple departments and stakeholders to deliver effective risk mitigation, and maximize portfolio returns across the GTS suite of products through management of risks and losses.
• The role holder will contribute to development of new initiatives, new propositions and business plan in country, in collaboration with the regional team.
• Be a member of Regional GTS Product Risk leadership team and contribute to the development of Product Risk’s function and achievement of its strategic aims.
Requirements
• Proven track record in risk management; at least on credit or operational risk management, preferably on structured products.
• Strong trade background and financial crime knowledge preferred
•Strong written skills and attention to detail.
• Experience in building a strong risk culture in a business to effectively implement Global policy.
• Strong stakeholder management skills.
• Experience in team building and managing a wide range of projects.
• Open personality with effective communication skills.
• Ability to adapt and lead team through changing environment.
• Effectively solve problems that cross different risk disciplines and involving multiple teams.
• Demonstrate strong decision-making capability and be able to protect and enhance HSBC values, reputation, and business.
• Ability to work with large amounts of data with ability to interpret and summarise meaningfully.
• Able to cope with pressure and tight deadlines and be change-oriented.