HSBC Group

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At HSBC we exist with the purpose of Opening up a World of Opportunity. We use our unique expertise, capabilities, breadth and perspectives to provide opportunities for our customers and colleagues through global connectivity. We bring 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.

As an HSBC employee in Australia, you’ll have access to tailored professional development opportunities, competitive pay, an embedded flexible working culture and a range of employee benefits. These include market-leading subsidised private health cover, enhanced parental pay and support when returning to work, subsidised banking products and services, bonus leave days and wellness programmes including discounted gym memberships.

Global Risk is a thriving and expert risk management function supporting HSBC globally with all aspects of risk management.  The team actively manages a varied and dynamic range of risk types, including security, fraud, information security, operational, credit, compliance, regulatory, market and reputational risks.  All parts of the Global Risk team use their skills, insight and integrity to handle established threats and those they see emerging, acting to protect and enable HSBC to deliver sustainable growth. 

This role requires deep understanding of best practice and regulatory expectations of a second line of defence risk function. The Treasury and Traded Risk function provides oversight over all treasury and traded risk first line activities, including the risk appetite framework, stress testing and controls relating to compliance with Group Policy and local regulatory requirements.

The selected candidate will be responsible for providing independent risk oversight of capital and liquidity risk management for HSBC entities in Australia and New Zealand.     

Key Responsibilities:

• Review capital and liquidity risk management policies, procedures, metrics and limits and controls to ensure they are within the defined corporate standards
• Review and challenge key risk management documents including Individual Liquidity Adequacy Assessment (ILAA) and Individual Capital Adequacy Assessment (ICAAP)
• Review and challenge stress testing process for both capital and liquidity and document as appropriate
• Keep current on regulations relating to Capital and Liquidity Risk management
• Review new product proposals to ensure that these consider Capital and Liquidity risks
• Utilize analysis supplemented by expert judgment and qualitative evaluation, to drive a programme of validation and independent review that meets the requirements and framework as defined by Group policy and which satisfies local APRA requirements
• Provide support as required by HSBC Australia’s Chief Risk and Compliance Officer with respect to those areas requiring additional oversight and or subject matter oversight to support APRA’s accountable person (BEAR) requirements/expectations
• Work closely with other areas of Risk and Compliance to ensure full coverage of Capital and Liquidity risk issues
• Ensure implementation of audit recommendations and maintaining satisfactory level of audits as required
• Ensure risk processes are operating via ongoing and formal review.
• Manage internal and external audits, as appropriate and support regulatory reviews and queries .

 Requirements:

• Undergraduate or post-graduate degree in relevant numerate subject
• Practical experience of managing Capital and Liquidity Risk, either in a first or second line role in a large bank
• Practical experience of capital and/or liquidity stress testing
• Good working knowledge of Capital and Liquidity Regulations 
• Experience working across all levels of an organisation to understand cross-functional linkages and interdependencies, as well as the implications of risk at both a strategic level and at the business unit level
• Good knowledge of banking products, funding markets and products and collateral management.
• Good knowledge of cross market funding, and asset transformation.
• Good understanding of other areas e.g. Finance, Accounting, Operational, Legal, etc. 
• Mathematically numerate
• Ability to achieve desired outcome through the use of constructive debate
• Ability to find simple and pragmatic solutions to complex problems, balancing the desire to build models with strong theoretical foundations with the need to develop models that can be explained and tested easily
• Good communication skills

Preference will be given to candidates who hold Australian PR/Citizenship or New Zealand Citizenship, or who can demonstrate current unrestricted work rights in Australia without limitations.

We value different perspectives, we succeed together, collaborating across boundaries, we take responsibility, holding ourselves accountable to get things done. Through these values, HSBC is committed to building a culture where all employees are appreciated and respected and where opinions count. We take pride in providing a workplace that fosters continuous professional development, flexible working and opportunities to grow in an inclusive environment. Applications from First Nations peoples are encouraged.

Learn more about careers at HSBC Australia –  https://www.hsbc.com/careers/where-we-hire/australia

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 HSBC Bank Australia Limited.  Please note that HSBC will we never communicate to applicants via non HSBC channels such as SMS, WhatsApp or Facebook so please be careful if anyone attempts to contact you via these channels.