Senior Manager, Wealth Risk UAE

HSBC Holdings plc; Abu Dhabi; On-site; AED 420,000 - 540,000; Full time

Job summary

HSBC UAE is seeking a Senior Wealth Risk Manager to strengthen risk oversight across wealth products and distribution. You will support the Head of Wealth Risk and MENAT IWPB CRO to identify, assess, monitor and mitigate risks, delivering second-line oversight and practical guidance.

You will collaborate with product, distribution and risk teams, embed the Risk Management Framework and ensure timely risk reporting, governance, and issue management across markets.

Qualifications

• A full-time graduation degree of at least three years is essential for obtaining a UAE visa and work permit. For degrees obtained outside the UAE, valid attestations and equivalency are also mandatory
• Relevant risk management experience from private banking, wealth management or another regulated financial services business is essential.
• Demonstrate strong knowledge of investment and wealth products alongside product governance and distribution frameworks
• Working knowledge of risk governance, risk appetite, the Risk Management Framework and non-financial risk management is required.
• Experience supporting governance forums including preparing senior-level papers and briefings and tracking issues and actions is required.
• Operate effectively in a regulated environment with a strong understanding of the regulatory environment for Wealth business
• Use structured approaches to interpret complex information, identify connections and emerging risks and communicate practical conclusions clearly
• Provide effective independent challenge across stakeholders at different levels of seniority, using clear and professional judgement
• Work effectively in a complex matrix environment, balancing multiple priorities while maintaining attention to detail

Responsibilities

• Launch and oversight of investment and wealth products, services and distribution journeys including due diligence, governance, controls and risk assessment
• Review committee papers and prepare concise briefings for senior risk leaders ahead of product, distribution and risk governance forums
• Oversee product due-diligence processes and the risk oversight of internal and external third-party providers
• Monitor distribution framework changes, risk indicators and issues and ensure appropriate read-across across products, channels, customer segments and other markets
• Embed the Risk Management Framework, Group Risk Policies and local procedures across the Wealth business
• Apply the Non-Financial Risk framework and relevant systems to key control identification and monitoring, issue management, risk indicators and action tracking
• Maintain the market Wealth risk profile including risk maps, risk appetite metrics, top and emerging risks, issues and mitigating actions including contributions to stress testing and scenario analysis where relevant
• Escalate material product, distribution, control, conduct and regulatory risk concerns promptly to the Head of Wealth Risk and relevant stakeholders
• Undertake targeted reviews with product and distribution teams to evaluate whether key procedures and controls are designed and operating effectively
• Coordinate Wealth risk governance including agendas, submissions, minutes, decisions and action tracking and produce timely, accurate risk reporting for market, regional and global stakeholders

Skills

Risk management

Wealth products knowledge

Governance

Non-financial risk

Stakeholder communication

Regulatory environment

Education

Bachelor's degree

Job description

Job description

Ready to strengthen risk oversight across UAE Wealth products and distribution?

Why HSBC

HSBC is one of the largest banking and financial services organisations in the world. Guided by our purpose of opening up a world of opportunity, our ambition is to become the world’s most trusted bank globally, putting customers at the heart of everything we do.

The Opportunity

As Senior Wealth Risk Manager in the UAE you’ll support the Head of Wealth Risk and MENAT IWPB CRO to identify, assess, monitor and mitigate risks across the market Wealth business. The role provides focused second-line oversight across investment and wealth products, their distribution journeys, risk governance and the implementation of the Risk Management Framework.

Working closely with first-line product, distribution and business teams and with specialist second-line Risk Stewards you’ll provide practical advice and independent oversight to inform key decisions. You’ll help ensure material risks and issues are understood, escalated and addressed in a timely way.

Success means clear governance, decision-useful risk reporting and sustained improvements in controls, issue management and customer outcomes.

What you'll be doing

• Support the launch and ongoing oversight of investment and wealth products, services and distribution journeys including due diligence, governance, controls and risk assessment
• Review committee papers and prepare concise briefings for senior risk leaders ahead of product, distribution and risk governance forums
• Oversee product due-diligence processes and the risk oversight of internal and external third-party providers
• Monitor distribution framework changes, risk indicators and issues and ensure appropriate read-across across products, channels, customer segments and other markets
• Embed the Risk Management Framework, Group Risk Policies and local procedures across the Wealth business
• Apply the Non-Financial Risk framework and relevant systems to key control identification and monitoring, issue management, risk indicators and action tracking
• Maintain the market Wealth risk profile including risk maps, risk appetite metrics, top and emerging risks, issues and mitigating actions including contributions to stress testing and scenario analysis where relevant
• Escalate material product, distribution, control, conduct and regulatory risk concerns promptly to the Head of Wealth Risk and relevant stakeholders
• Undertake targeted reviews with product and distribution teams to evaluate whether key procedures and controls are designed and operating effectively
• Coordinate Wealth risk governance including agendas, submissions, minutes, decisions and action tracking and produce timely, accurate risk reporting for market, regional and global stakeholders

What we're looking for

• A full-time graduation degree of at least three years is essential for obtaining a UAE visa and work permit. For degrees obtained outside the UAE, valid attestations and equivalency are also mandatory
• Relevant risk management experience from private banking, wealth management or another regulated financial services business is essential.
• Demonstrate strong knowledge of investment and wealth products alongside product governance and distribution frameworks
• Working knowledge of risk governance, risk appetite, the Risk Management Framework and non-financial risk management is required.

• Experience supporting governance forums including preparing senior-level papers and briefings and tracking issues and actions is required.
• Operate effectively in a regulated environment with a strong understanding of the regulatory environment for Wealth business
• Use structured approaches to interpret complex information, identify connections and emerging risks and communicate practical conclusions clearly
• Provide effective independent challenge across stakeholders at different levels of seniority, using clear and professional judgement
• Work effectively in a complex matrix environment, balancing multiple priorities while maintaining attention to detail

Strengthening Wealth risk governance

This is a role with real influence on how Wealth products are governed, distributed and monitored in market. You’ll help senior decision-makers see risk clearly and act early on issues that matter to customers, regulators and the business. If you’re looking to build deeper second-line oversight across investment and wealth products and shape practical improvements in controls and governance this role offers breadth, scale and visibility. Join HSBC and help keep the UAE Wealth business safe, well-governed and ready for growth.

We support our staff to adopt flexible and alternative ways of working where possible, including working from home and different hours subject to approvals.

HSBC is committed to building a culture where all employees are valued, respected and opinions count. We take pride in providing a workplace that fosters continuous professional development, flexible working, and opportunities to grow within an inclusive and diverse environment. 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 The Hong Kong and Shanghai Banking Corporation Limited