Senior Associate, Business Risk and Controls (WCR)

HSBC Group; City of Westminster; On-site; GBP 50,000 - 70,000; Full time

Job summary

A leading financial institution in the UK is seeking a professional to manage Wholesale Credit Operational Risk. The successful candidate will collaborate with business leads and controls colleagues to ensure effective risk management practices. Responsibilities include supporting the Non-Financial Risk Framework, executing control monitoring, and providing training to promote a strong risk management culture. The ideal candidate will have experience in Wholesale Credit Risk and a solid understanding of EUC management frameworks.

Qualifications

• Experience in Wholesale Credit Risk.
• Good understanding of EUC management frameworks.
• Experience in a controls, risk, and/or audit function.
• Strong judgment and critical thinking skills.
• Ability to prepare and present understandable data.
• Ability to work independently and challenge effectively.
• Ability to build strong relationships and collaborate effectively.
• Strong organizational and time management skills.

Responsibilities

• Support the delivery of all aspects of the Non-Financial Risk Framework.
• Develop and execute controls monitoring over WCR controls.
• Work with the business to develop control monitoring plans.
• Execute detailed control activity related to WCR.
• Assess control adequacy and effectiveness within the wider Controls function.
• Drive documentation and remediation actions for control deficiencies.
• Respond to Internal Audits and Compliance Monitoring reviews.
• Provide risk management training to promote awareness.

Skills

Wholesale Credit Risk

EUC management frameworks

Controls, risk and/or audit function experience

Judgement and critical thinking

Data presentation skills

Independence and challenge skills

Relationship building

Organizational and time management

Job description

Reporting to the Senior Business Risk & Control Manager, Wholesale Credit Risk (WCR) the role will focus on supporting the business to actively identify and manage Wholesale Credit Operational Risk. The role will partner with business leads in relation to control management and will be expected to collaborate effectively with controls colleagues based in the UK, elsewhere and more broadly HSBC to support and promote excellence in risk management within our first line of defence.

Responsibilities

• Support the delivery of all aspects of the Non Financial Risk Framework and other risk management frameworks, guides and associated tools used to manage risk across the HINV business.
• Work with colleagues to develop and execute controls monitoring over WCR controls and other risks as deemed appropriate.
• Work with the business to develop and execute control monitoring plans in line with policies, procedures and technical user guides to ensure effective management of the L3 risk type.
• Execute detailed control activity (e.g. review of applied credit limits), using policies and procedures related to the risk type to ensure effective management of WCR.
• Work with colleagues in the wider Controls function and the 1LoD business teams to assess control adequacy & effectiveness, ensuring results are documented and escalated as appropriate.
• Drive the documentation and remediation actions for control deficiencies through risk events and risk issues. Track progress, re perform tests with colleague support and escalated as appropriate.
• Drive appropriate and measured response to Internal Audits and Compliance Monitoring reviews.
• Provide risk management training as appropriate to ensure colleagues across the 1LoD have a good awareness of the risk management framework, associated tools and demonstrate an appropriate risk management culture.

Qualifications

• Experience of Wholesale Credit Risk.
• Good understanding of EUC management frameworks.
• Previous experience working in a controls, risk and/or audit function.
• Strong judgement and critical thinking skills.
• Ability to prepare and present data in a way that is understandable to our business.
• The ability to work independently and challenge effectively.
• The ability to build strong relationships and demonstrate effective collaboration.
• Strong organizational and time management skills.

Who is HSBC Innovation Banking?

HSBC Innovation Banking is the power the UK's forward thinkers, future makers, and leap takers, helping them ignite the bold ideas that reshape our world. We offer flexible banking solutions for start ups, scale ups, growth businesses, investors and those working towards IPO typically within the technology and life science sectors. Whether it's comprehensive banking, managing cashflow, plans for buyouts or Strategic Fund Solutions, we power ideas at every stage of their journey. From the first time founders to the funds that back them, and everything in between. We're proud to accelerate growth for our clients, create meaningful connections and communities, and open a world of global opportunity for entrepreneurs and investors alike. Here's to never standing still. Come and join us!