Head Of Audit - Retail Credit Risk And Analytics

HSBC Global Services Limited; London; Hybrid; GBP 80,000 - 120,000; Full time

Job summary

HSBC is seeking a Head of Audit for Retail Credit Risk and Analytics to oversee the global audit portfolio. This role involves managing stakeholder relationships, conducting audits, and ensuring compliance with regulatory requirements. The ideal candidate will have strong experience in retail credit risk and excellent analytical and communication skills, contributing to a diverse and inclusive workplace.

Benefits

Private healthcare

Enhanced maternity and adoption pay

Contributory pension scheme

Qualifications

• Strong experience in Retail Credit Risk across lines of defense.
• Technical credit skills for innovative auditing solutions.
• Ability to communicate complex information effectively.

Responsibilities

• Oversee and manage global retail credit risk audit portfolio.
• Audit Entity Risk Assessments and prepare Annual Audit Plan.
• Develop data analysis tools for assurance over controls.

Skills

Analytical skills

Project management

Communication

Risk management

Financial skills

Education

Degree in Finance, Accounting, or related field

Job description

Head of Audit - Retail Credit Risk and Analytic – Global internal Audit– UK Nationwide



Some careers open more doors than others.

If you’re looking to take an exciting new direction with your HSBC career, an internal move can open the door to many opportunities, allowing you to take on a new challenge, and develop your skills. Bring your knowledge of our brand to a new role and grow your skills further.

As an HSBC employee in the UK, you will have access to tailored professional development opportunities and a competitive pay and benefits package. This includes private healthcare for all UK-based employees, enhanced maternity and adoption pay and support when you return to work, and a contributory pension scheme with a generous employer contribution.

Global Internal Audit provides independent, objective assurance to management and the risk and audit committees as to whether the framework of risk management, control, and governance processes, as designed and represented by management, is adequate and functioning.

The primary role of Global Internal Audit (GIA) is to help the Board and Executive Management to protect the assets, reputation and sustainability of the HSBC Group. GIA provides independent and objective assurance over the design and operating effectiveness of the Group’s framework of risk management, control and governance processes. GIA possesses specialized capabilities and skills through its versatile, inquisitive, and diverse team of global professionals.

We are currently seeking a high calibre professional to join our team as a Head of Audit - Retail Credit Risk and Analytics.

As the Head of Audit - Retail Credit Risk and Analytics you will oversee and manage global retail credit risk audit portfolio and provide internal stakeholders with critical assessments of HSBC’s governance, risk and control frameworks as it relates to the management of Retail Credit Risk.

GIA values the diversity of perspectives, knowledge and experiences and we encourage candidates from an array of disciplines and backgrounds. GIA supports flexible working.



In this role, you will:

-Audit Entity Risk Assessments, the maintenance of the associated Audit Universe, and preparation and delivery of the Annual Audit Plan within expected timeframes, standards, methodology, budget, and best practices
-Maintain a detailed understanding of macroeconomic, portfolio, regulatory requirements and control environments in order to dynamically assess continuous monitoring and audit needs. Critically analyse and determine key drivers of change for area of coverage and assess how these will impact GIA’s engagements
-Manage internal and external stakeholder relationships. Represent GIA in governance forums, including the preparation and presentation of associated audit packs.
-Demonstrate strong subject matter expertise of the Retail Business, Functional, and Regulatory environment (e.g. regulatory requirements under PRA, CRR, EBA and Basel 3.1), including developing trends, risks, controls, and expectations
-Develop data analysis tools and techniques to provide assurance over controls
-Support a strong risk and conduct culture across the Group and promote awareness and sound operational and strategic decision-making
-Participate in Governance forums (e.g. Risk & Audit Committee, Risk Management Meeting, Boards, impairment committees)
-Deliver audit assignments, including continuous monitoring and risk assessments, provide constructive challenge, and value adding engagement with key stakeholders
-Effective communication with Senior Management on the major plans, projects, strategic developments, and industry trends that impact functions and businesses. Maintain constructive relationships with external auditors and regulators.


To be successful in this role you should meet the following requirements:

-Strong experience in Retail Credit Risk; preferably with experience across lines of defense. Consultancy, and external audit experience will be considered. Strong technical credit skills are needed to identify, design, build, and implement innovative auditing solutions
-Strong understanding of retail credit products and regulatory requirements as they pertain to Retail Credit Risk , experience in evaluation of: policies underpinning underwriting and lending strategies, collections and recoveries, stress testing/sensitivity analysis of retail credit risk portfolios, IFRS9 Expected Credit Loss calculations, risk appetite frameworks and models used in retail credit risk management.
-Accounting, audit, analytical, financial, project management, quantitative, risk, and technology skills.
-Analytical and critical thinker, who can effectively manage competing priorities and complex challenges to deliver positive outcomes
-Ability to communicate with impact, ensuring complex information is articulated to wide and varied audiences and a willingness to travel.



The base location for this role is UK Nationwide with a hybrid working pattern.

You’ll achieve more when you join HSBC.

Being open to different points of view is important for our business and the communities we serve. At HSBC, we’re dedicated to creating diverse and inclusive workplaces. Our recruitment processes are accessible to everyone - no matter their gender, ethnicity, disability, religion, sexual orientation, or age.

We take pride in being part of the Disability Confident Scheme. This helps make sure you can be interviewed fairly if you have a disability, long term health condition, or are neurodiverse.

If you’d like for one of our roles and need adjustments made, please get in touch with our Recruitment Helpdesk:

Email: hsbc.recruitmenthsbc

Telephone: [phone]