Global and Asia Pacific Regional Head of Risk Identification - Global Risk

  • Competitive
  • Hong Kong Hong Kong Hong Kong HK
  • Permanent, Full time
  • HSBC
  • 23 May 18 2018-05-23

Global and Asia Pacific Regional Head of Risk Identification - Global Risk

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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, contingency, geopolitical, operational, credit, pension, insurance, financial crime and regulatory compliance, market and reputation 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.

We are currently seeking an experienced professional to join our team in the role of Global and Asia Pacific Regional Head of Risk Identification.

Principal responsibilities

With the objectives of improving quality of the wholesale credit portfolio and minimizing loan impairment charges, the Risk Identification function (RID) is a 2nd Line of Defence (2LOD) function within Wholesale Credit Risk (WCR) responsible for the risk stewardship on the identification, monitoring and de-risking of potential problem accounts.

This role has a dual responsibility:

  1. to lead the Asia Pacific Regional Risk Identification "RID" team and provide guidance to local In-country RID teams,
  2. to define and implement the Global Risk Identification target operating model.
1/ Regional responsibilities (including country responsibility for Hong Kong/Macau)
  • Oversight of early identification activities across the Region, including these off-shored to Group Service Centers (GSC) for certain sites (including Hong Kong and Macau as in-country RID) and of the Worry Watch Monitor Process across Asia Pacific.
  • Analyse potential problem situations and coordinate with local RID Teams / Credit approvers/ Global Businesses (as appropriate) to propose appropriate strategies for WWM accounts and to monitor subsequent implementation.
  • Collaborate with Chief Risk Officers/Wholesales Credit Risk and RID Heads, Asia Pacific (ASP) Approval and ASP LMU to ensure effective communication round early warnings and running of the WWM process. Collaborate with other key Risk - Risk Portfolio Management, IFRS 9 Team - as well as Business Teams - Regional Portfolio Management, Heads of Business / Teams in Hong Kong.
  • Maintain and improve the Regional RID framework and Operating Model in the region. Sponsor the relevant IT developments to support this organization.
  • Provide guidance / collaborate with GSC for off-shored RID activities.

2/ Global responsibilities
  • In conjunction with the Global and Regional Heads of Wholesale Credit Risk, define a global framework and target operating model for Risk Identification globally, sponsor the relevant transformation initiatives and IT developments to support this framework, and embed this framework in the organization.
  • Collaborate with key Group stakeholders, such as Wholesale and Global Risk Portfolio Management, Global CMB Fraud Risk.


Qualifications
Requirements

  • Extensive experience in Wholesale Credit related roles, either in Risk or in the frontline, preferably with an existing knowledge of major Asia Pacific markets
  • Strong leadership skills, preferably with an established track record of leading teams across different organizational levels, geographies and cultures
  • Demonstrated experience in the management and implementation of large transformation projects
  • Strong communication, negotiation and stakeholder management skills
  • Experience in management of distressed accounts and familiarity with worry watch monitor processes within HSBC
  • Global Banking or Commercial Banking experience with good commercial knowledge and business orientation
The chosen candidate for this role will be required to undergo standard vetting. Subject to local laws, this will require the individual to satisfactorily pass a series of additional checks as part of the recruitment process and on an ongoing basis, if appointed to the role. HSBC Group reserves its position with regard to any steps which it may take in relation to any material adverse findings which arise either when the checks are originally completed, and/or if relevant, on an ongoing basis. For more information about the enhanced vetting for this role please contact the recruiter for this role.

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