HSBC Group

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 non-financial risks in accordance with HSBC Group’s risk framework. 

People responsibility: N

Report to: SVP and Head of IWPB Risk

Role Purpose:

Being part of HBTW IWPB Risk function, the purpose of the role is to support Country Head of IWPB Risk in the effective identification, assessment, management, monitoring and mitigation of risks across all current and emerging risk types across GPB & WPS. The role will provide active risk management throughout the product and distribution lifecycle, including wealth lending and GPB integration as well as bringing together the various second line Risk Steward views on NFR product and distribution risk. As a member of the Global GPB & WPS Risk team, the jobholder will also support the Global PB & WPS Chief Risk and Compliance Officer (CRCO) in risk management and governance activities as permitted by applicable regulations.

Job Content: 

1. Provide independent input and challenge to governance forums within GPB & WPS to define the Risk Strategy and Risk Appetite (ensuring alignment with Group Risk Appetite where necessary) 

2. Guide the implementation of the Group Risk Policies across GPB & WPS, including any local exceptions to Group Risk Policy with relevant Risk Function Heads

3. Provide oversight guidance of the implementation and ongoing effectiveness of risk management and associated procedures and controls across GPB & WPS, including the assessment of vulnerabilities through stress-testing and scenario analysis 

4. Aggregate the risk profile for GPB & WPS, providing oversight guidance of the business’s overall risk portfolio through judgement, challenge and analysis of risk and reward, ensuring exposures are managed in a consistent and systematic way in accordance with the parameters set by the Risk Appetite Framework

5. Proactively identify, assess and provide a forward looking view on top and emerging risks and issues within the Risk Map, developing mitigating strategies where necessary

6. Provide oversight guidance implementation of strategic risk related projects and coordination of the risk transformation agenda across GPB & WPS, developing a cohesive programme and approach and ensuring changes in one area do not adversely impact another

7. Act as a single point of contact for where GPB, WPS and Retail Wealth (and local unique segment Wealth 2.0 business) operate to form a holistic view for risks and issues related to investment and wealth products and their distribution through consideration of the whole risk taxonomy

8. Support the business and Risk in the achievement of sustainable growth aspirations, by enabling the business to take risk appropriately and identifying opportunities for immediate and long term growth based on a detailed understanding of strategy, risk profile, products and markets in which the business operates in GPB & WPS

9. Support the launch and ongoing management of new investment and wealth products and distribution journeys in Country through effective governance oversight and risk management, as a trusted adviser to the 1LOD – ensuring that products and their distribution journeys are appropriately de-risked

10. Provide broader ad-hoc support as required to the Global / Regional PB & WPS CRCO in undertaking their wider responsibilities in relation to all elements of the risk taxonomy and risk governance

1. Typical qualifications would include an undergraduate or post-graduate degree in Business Administration, Finance, Accounting, Law or a related field

2. University or above graduated 

3. Proven track records and seasoned experience in banking industry and in related product lines (investment and lending) as essential with other wealth product or project management experience is plus

4. Good English communication and MS Excel, Word and power point skill

5. Strong network of risk professionals, skilled across all relevant risk disciplines across Risk in GPB & WPS

6. Pre-requisite License Qualifications: Certificate of Internal Control & Audit Trust L2-信託業督導人員(local license requirement) and FSE (金融常識與道德)