HSBC Group

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.

The Head of Transaction Risk Management (“TRM”) is a senior leadership role within the US GTS business, leading a team of risk specialists in the management and oversight of the asset exposures associated with solutions deployed for customers. The Head of TRM and the broader function is expected to provide technical advice and support to a diverse range of stakeholders both within and outside of GTS throughout the customer life-cycle with HSBC.

As our US Head of Transaction Risk Management you will:

• Lead and direct Transaction Risk Management (“TRM”) across US GTS, deputizing for the Head of Product Risk as required
• Confirm, communicate, monitor and report US GTS risk appetite with critical GTS and non-GTS stakeholders
• Lead a team of Transaction Risk specialists in monitoring and managing the credit exposures across the US GTS portfolio
• Provide technical expertise to GTS Sales Managers to assist in the structuring of bespoke customer solutions, typically with a Structured Trade or Commodity Trade Finance nexus
• Work collaboratively across the GTS and broader Risk function community including Regional & Global GTS Product Risk functions and Wholesale Credit Management to optimize the management and reporting of data and resources
• Own loan loss provisions on GTS products and ensure provisions and recoveries are accurately reflected
• Take ownership of in-flight and portfolio risk governance frameworks for GTS exposures, ensuring risk is controlled appropriately and overall risk exposures are appropriately communicated
• Oversee the production of portfolio risk management reports, articulating the findings and recommendations to stakeholders
• Develop and implement a strong people strategy in GTS Risk, in line with Global HR requirements, ensuring people are engaged, well managed and supported in an inclusive work environment
• Provide technical TRM input into appropriate transformation initiatives, supporting change oversight whilst also identifying opportunities for streamlining of process or potential adoption of automation.
  

For this role, HSBC targets a pay range between $134,500.00 and $201,800.00

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.

You´ll likely have the following qualifications to succeed in this role:

• Bachelor’s degree in accounting, business, finance or an equivalent field
• Proven experience in credit analysis or similar function
• Highly commercial with proven financial and analytical capability
• Strong communication skills, with proven ability to distill complex technical feedback into actionable output across a range of audiences
  
• Demonstrable experience managing a team of scale, complexity and across differing time zones
• Outstanding knowledge of GTS solutions, systems, FIM requirements and pertinent regulations that impact their delivery
• Demonstrated capability in applying and driving risk and control oversight across a complex, matrix-oriented internal environment
• Capable of representing GTS US across HSBC and with key external parties, including Regulators and 3rd party Insurance partners
• Detailed knowledge of the financial services landscape, competitor developments and regulatory trends
• Ability to use strong judgement to identify and resolve problems whilst maintaining budgets, time scales and quality of output.
  

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.