Head of Payment System Risk

HSBC; Greater London; On-site; GBP 90,000 - 120,000; Full time

Job summary

A major global banking institution based in London is looking for a Head of Payment System Risk. In this role, you will enhance global oversight capabilities and manage risks associated with Payment Systems. Successful candidates will have extensive knowledge of Payment Systems and regulatory frameworks, along with strong communication and strategic thinking skills. The position offers competitive pay, benefits, and development opportunities within a diverse workplace.

Benefits

Private healthcare for all UK-based employees

Enhanced maternity and adoption pay

Contributory pension scheme

Qualifications

• Proven experience with knowledge of Payment Systems and global regulatory frameworks.
• Strong expertise in risk management tailored to Payment Systems.
• Excellent interpersonal and communication skills.

Responsibilities

• Design risk management and governance operating model for Payment Systems.
• Oversee the global relationship repository for Payment Systems.
• Create governance framework for Payment Systems ensuring consistency.

Skills

Knowledge of Payment Systems

Risk identification and assessment

Communication skills

Strategic thinking

Industry regulatory knowledge

Job description

Some careers shine brighter than others. If you’re looking for a career that will help you stand out, join HSBC and fulfil your potential. Whether you want a career that could take you to the top, or simply take you in an exciting new direction, HSBC offers opportunities, support and rewards that will take you further.

HSBC is one of the largest banking and financial services organisations in the world, with operations in 64 countries and territories. We aim to be where the growth is, enabling businesses to thrive and economies to prosper, and, ultimately, helping people to fulfil their hopes and realise their ambitions.

The Financial Markets Infrastructure (FMI) team's key focus is to support business growth by centrally managing our relationships with FMIs and intermediary institutions. We achieve this through delivering robust risk management, commercial oversight, and market insights.

We are currently seeking a professional to join our team in the role of: Head of Payment System Risk.

As part of our expanding team, you will play a pivotal leadership role in enhancing our global oversight capabilities, specifically in managing risks associated with Payment Systems (PS). You will be instrumental in shaping and developing this new function within the FMI team, ensuring effective risk management and strategic growth.

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.

In this role you will:

• Design and execute a risk management and governance operating model for Payment Systems with the support of the wider FMI Management team and FMI Transformation team and build a risk framework/function dedicated to risk oversight, due diligence and resiliency management of PSs.
• Set up and oversee the management of a global relationship repository for PSs, to fulfil regulatory reporting requirements.
• Spearhead the creation of a governance framework for Payment Systems, ensuring the risk management model is rolled out with global consistency in addition to managing significant risks identified through risk assessment or ongoing monitoring through appropriate committees and governance forums.
• Work closely with business stakeholders to define the PS risk management framework and conduct risk reviews on payment systems, and coordinate with internal stakeholders to ensure identified exposures are managed efficiently.
• Assess the contingency plans of Payment Systems as well as regulatory changes to ensure our resiliency and establish a process to monitor PS rulebook changes, ensuring all modifications are reviewed and associated risks are managed.

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

• Proven experience with in-depth knowledge of Payment Systems as a type of FMI, including global regulatory frameworks, industry standards and operational resilience.
• Strong expertise in risk identification, assessment, mitigation and monitoring, specifically tailored to Payment Systems.
• In-depth understanding of key industry regulatory development around Payment Systems, e.g. ISO 20022, real-time payments.
• Excellent interpersonal and communication skills, with the ability to work autonomously and collaborate with cross-functional teams and senior management effectively.
• A self-starter with demonstrable expertise in strategic thinking and impact analysis to effectively navigate and adapt to evolving regulatory environments.

This role is based in London.

Opening up a world of opportunity

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 to apply for one of our roles and need adjustments made, please get in touch with our Recruitment Helpdesk:

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