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The Risk & Compliance function is a Second line of defence (LOD) function, responsible for reviewing and challenging the activities of the Group’s businesses (also referred to as “the First LOD”) to ensure that they effectively manage as “Risk Owners” the risks inherent in or arising from the conduct of their activities and for which they are responsible. The Second LOD consists of 'Risk Stewards' who are independent of the commercial risk-taking activities undertaken by the First LOD. The Risk & Compliance function is a Risk Steward for a number of risks in accordance with HSBC Group’s risk framework.

 We are currently seeking an experienced individual to join this team in the role of Head of Wholesale Credit Risk Management (WCRM) - India

Role purpose

• The Head of Wholesale Credit Risk Management role is primarily responsible for leading the wholesale credit risk management function (WCRM) for INM.
• The role holder exercises the highest level of wholesale credit, counterparty credit and portfolio approval authorities in the country/market.  In addition, the role holder is responsible for providing portfolio and country oversight to ensure that businesses operate within the desired level of risk appetite.
• The role holder is also responsible for loan management of distressed credits in India, proposing and approving expected credit loss (IFRS9) impairments for accounting purposes, stewarding or owning various local relevant regulatory reports, and engagement with the local regulator as required in financial risk matters, responsibility for local policies, regulatory and other stress testing and other credit related processes.  
• This role is additionally responsible for delivery and effective implementation of WCR risk systems & strategy.

Impact on the Business/Function

• Accountable as the most senior Wholesale Credit Risk Officer for India. 
• Direct accountability for the Wholesale Credit, Special Credit Unit (SCU) and WCR policy, processes, IFRS9 impairments, WCR stress testing and other associated tasks.  Assisting the SLOD management of transition, ESG and first party fraud risk.
• Significant input into the strategic plans for the country and accountable for converting strategic plans into operational objectives including setting appetites at geographic, industry, product and single name levels.
• Produce WCR risk policies and thresholds within global guidelines for Country WCR risk operations that ensure the realization of the Country risk appetite.
• Liaise with Region and Country Business, Risk Strategy and Finance teams to determine the Country risk appetite.
• Develop and set portfolio, asset class, country and cross border thresholds/ limits that reflect the Country/market WCR. 
• Approve various limits that govern counterparty credit, country and concentration risk that are operated by the Treasury and Traded Risk vertical.
• Maintain risk appetite to ensure that returns are balanced appropriately against the level of risk taken and reflective risk appetite of relevant strategic business plans. 
• Enhance risk/return framework, and capital deployment including review of new business models/ product proposition. 
• Actively manage team and individual costs within FRP and in line with the Risk and Compliance Blueprint
• Ensure that analytic models are fit for purpose and outputs are being utilized effectively to manage the Country/market WCR portfolios.
• Drive and deliver strategic change initiatives supporting risk framework for change and growth. 
• Responsible as Risk Owner or Risk Steward for local WCR regulations

Customers / Stakeholders

• Develop approach and appetite for the WCR function for India.
• Manage and own strong professional relationships with CIB Country Business Heads and relevant stakeholders.
• Manage the relationship with external regulators and rating agencies.
• Input into business planning and Country Risk Plans based upon own deep understanding of risk appetite.
• Continue to embed a robust Risk Governance Framework with internal stakeholders and ensure risk appetite is embedded within decision making in the region.
• Improve customer engagement and minimize customer complaints / credit impairments through robust process, credit decisioning and strategy enhancements.
• Principal stakeholders include:
  • Regional Chief Credit Officer, Asia Pacific and ASP Wholesale Credit Risk management team.
  •  India Chief Risk Officer.
  •  India CEO, Country Head of Banking / Product Heads.
  • India CFO, Audit.
  • Regional CRCO/CROs.
• Represent HSBC at critical Industry and Government forums in the region/country.
• Ensures that WCR risk policies and Risk appetite are effectively communicated to and implemented by the appropriate stakeholders at Country level.
• Manage stakeholder expectations and address any misalignment.
• Manage challenging stakeholder situations across a regional and functional remit in a credible and culturally aware manner.
• Lead and support clear and effective lines of communication at all levels.

Leadership & Teamwork 

• Manage and motivate the India WCR team.
• Provides direction at a Country level and support at a regional level to the WCR Risk function.
• Establishes policies to attract, retain and motivate high caliber talent.
• Works effectively with the Country Risk leadership team, including contribution to the activities to join up the Global Risk
• Lead and manage the activity of Country WCR Risk team including attracting top talent, critical role management, succession planning, talent management, performance management and improving employee engagement.
• Support and drive staff engagement, training, development and retention initiatives across the region in line with group guidelines.
• Build and maintain a strong network of WCR risk specialists in the Country.
• Work closely and cohesively with India Compliance, Operational Risk, Retail Credit Risk, and Enterprise Risk Teams. 

Functional Knowledge, Skills and Competencies

• Highly developed experience of lending and credit assessment for corporates, banks, fund and hedge funds, sovereigns and cross border risk management.
• Extensive credit risk experience in the relevant lines of Businesses (CIB, MSS, Private Bank) including products and services.
• Significant experience in Counterparty Credit Risk management and measurement techniques as well as risk mitigation and settlement risk management.
• Significant experience of distressed loan management and accounting for IFRS9 Expected Loss reporting
• Working across all levels of the organization to understand cross-functional linkages and interdependencies, as well as the implications of credit, traded and treasury risks at both a strategic l and at the Global Business level.
• Highly developed experience of cross-risk, horizontal concentration risk management at single name, sector and geography. 
• Be a sound and highly competent decision maker balancing risk and reward considerations and good commercial outcomes
• Ability to form effective relationships and achieve influence at the senior level in the organization. 
• Strong communication and interpersonal skills, including the capacity to articulate the case for risk management in the language of business. 
• Ability to lead changes, contributing to joining up the function regionally and globally. 
• Proven ability to prioritize competing demands.
• Demonstrated ability to assess risk trends, both internally and externally. 
• High levels maturity, resilience, sharp negotiation and communication skills. 
• Experience of creating and leading a team and driving forward under a strategic framework with demonstrated results

You’ll achieve more at HSBC.

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Issued by The Hongkong and Shanghai Banking Corporation Limited, India

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