Job description
Our purpose – Opening up a world of opportunity – explains why we exist. Here at HSBC we use our unique expertise, capabilities, breadth and perspectives to open up new kinds of opportunity for our more than 40 million customers. We’re bringing together the people, ideas and capital that nurture progress and growth, helping to create a better world – for our customers, our people, our investors, our communities and the planet we all share.
Credit Review is an independent and critical second line of defense function. Its mission is to identify and evaluate areas of credit risk within our business. Credit Review will focus on the review and evaluation of Wholesale and Retail lending activities and will identify risks and provide an ongoing assessment as to the effectiveness of the risk management framework and the related portfolios.
As our US Head of Credit Risk Review you will:
Assess the business units and risk management functions to ensure the portfolios are managed and operating in a manner that is consistent with HSBC Group strategy, risk appetite, appropriate local and HSBC Group credit policies and procedures and applicable regulatory requirements. This includes the unilateral authority to independently assess and revise customer risk ratings, facility grades and loss given default estimates
Ensure its independent stature, the Credit Review charter is endorsed by the Risk Committee of our Board of Directors which grants the Head of Credit Review unhindered access to the Risk Committee and executive sessions at the discretion of the Head of Credit Review. Accordingly, our Board of Directors has oversight of the Credit Review annual and ongoing plan, quarterly plan updates and results of reviews
For this role, HSBC targets a pay range between $350,000.00 and $500,000.00
The final fixed pay offer will depend on the candidate and a number of variables, including but not limited to, role responsibilities, skill set, depth of experience and education, licensing/certification requirements, internal relativity, and specific work location.
At HSBC, our overall goal is to provide a competitive Total Reward Package, with an appropriate mix of fixed pay, and variable pay, as part of an employee’s overall total compensation and benefits. Variable pay generally takes the form of discretionary, annual awards (sometimes referred to as a “bonus”). Additionally, HSBC offers a wide range of competitive and flexible benefits designed to help you improve your health and well-being, finances, and lifestyle.
Requirements
You´ll likely have the following qualifications to succeed in this role:
Knowledge:
Master’s Degree or equivalent professional qualification in accounting, finance, economics, related field or equivalent experience; professional certification
Experience in commercial credit risk, lending or credit analysis experience or equivalent; loan review, loan workout at a Globally Significant Financial Institution (GSFI), public accounting or federal bank examination experience
Very strong knowledge of Regional regulatory landscape and ability to access the impact of proposed changes in regulatory rules to the bank, especially those pertaining to credit risk, business loans, bankruptcy, contracts, securities law, Uniform Commercial Code and real estate, in addition to capital requirements and risk rating systems
Extensive knowledge of a financial institutions business model, products and key risk drivers and a demonstrated ability to effectively balance risk management, regulatory expectations and commercial pragmatism
Ability to lead and promote a strong credit risk control culture and develops communication strategies to improve credit risk awareness
Experience:
Significant experience in credit risk management, governance and independent credit review
Significant experience of establishing and maintaining external relationships ideally with regulators
Proven ability to develop strong networks with key stakeholders at all points in a matrix structure, creating an ability to execute task at hand with minimum conflict
Leading a multi-locational team of professionals
Providing Expert Advice and Robust Challenge
Enforcing and assessing Risk Management Policies
Assessing Risks and Controls
Leadership Capabilities:
Navigating: understand and translate strategy into own Function, aligning directions accordingly
Aspiring: be ambitious about providing the highest standards of delivery and embedding the culture in the business
Driving: set stretching goals for self and business delivering them with courage and tenacity
Mobilizing: authentically engage with team, colleagues and business partners to deliver at pace
Sustaining: make considered decisions that protect and enhance HSBC values, reputation and business
In compliance with applicable laws, HSBC is committed to employing only those who are authorized to work in the U.S. Applicants must be legally authorized to work in the U.S. as HSBC will not engage in immigration sponsorship for this position.
As an HSBC employee, you will have access to tailored professional development opportunities to ensure you have the right skills for today and tomorrow. We offer a competitive pay and benefits package including a robust Wellness Hub, all in a welcoming, diverse and inclusive work environment. You will be empowered to drive HSBC’s engagement with the communities we serve through an industry-leading volunteerism policy, a generous matching gift program, and a comprehensive program of immersive Sustainability and Climate Change Initiatives. You’ll want to join our Employee Resource Groups as they play a central part in life at HSBC, including the development of our employees and networking inside and outside of HSBC. We value difference. We succeed together. We take responsibility. We get it done. And we want you to help us build the bank of the future!
All qualified applicants will receive consideration for employment without regard to age, ancestry, color, race, national origin, ethnicity, disability or medical condition, genetic information, military or veteran service, religion, creed, sex, gender, pregnancy, childbirth, caregiver status, marital status, citizenship or immigration status, sexual orientation, gender identity or expression or any other trait protected by applicable law.