Sr. UK Risk Manager

HSBC Innovation Banking; London; Hybrid; GBP 70,000 - 100,000; Full time

Job summary

Join HSBC Innovation Banking as a Senior UK Risk Manager, focusing on the management of Capital Risk. This role includes providing oversight and strategic guidance while collaborating with various stakeholders. A strong background in Capital Risk and relevant accounting qualifications are essential for success in this influential position.

Qualifications

• Extensive experience in Capital Risk in 1LOD or 2LOD functions.
• Strong knowledge of Capital Risk regulations.
• Good understanding of Model Risk and accounting implications.

Responsibilities

• Oversight of Capital Risk management and providing 2LOD sign-off.
• Supporting oversight of Model Risk and Financial Reporting & Tax.
• Reviewing the impact on Capital Risk from new products.

Skills

Capital Risk Management

Financial Reporting

Accounting

Liquidity Risk

Interest Rate Risk

Model Risk

Communication

Education

Relevant Economics or Accounting qualifications

Job description

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Who is HSBC Innovation Banking?

HSBC Innovation Banking is the power behind 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.

Brand: HSBC Innovation Banking

Area of Interest: Commercial Banking

Location:

London, GB, EC2A 1BR

Work style: Hybrid Worker

Date: 31 May 2025

Who is HSBC Innovation Banking?

HSBC Innovation Banking is the power behind 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!

#HSBCinnovationbanking

The Team You’ll Work With

You’ll join a team of dedicated 2nd Line of Defence Treasury Risk experts covering Capital Risk, Liquidity Risk, Interest Rate in the Banking Book and Reporting and Tax Risk. Working closely with First Line of Defence colleagues providing guidance, governance, and oversight. The team are heavily involved in delivering strategic projects across the whole Bank to support commercial growth objectives.

If you have a background within Capital Risk coupled with an experience in accounting or Model Risk and would like to continue your development across a broader range of both Financial and Non-Financial risk disciplines within a client and employee centric Bank, with ambitious growth plans, this role might just be for you!

The Value You’ll Add

Reporting to the Head of Financial Risk Management and Model Risk you’ll provide Second Line oversight on Capital Risk of the UK Innovation Banking business, primarily providing oversight activities across Capital Risk, with additional responsibility for supporting oversight of Model Risk and Financial Reporting & Tax.

Responsibilities

As a Senior Risk Manager, Capital Risk, you’ll be the 2LOD Risk Steward for the management of Capital Risk which will include:

Responsibility for ensuring Treasury First Line of Defense (“1LOD”) is aligning the management of Capital to the HSBC Risk Policies and providing 2LOD sign-off for the risk and control assessments.

Be the single point of contact within the 2LOD for Capital activities for both the 1LOD and HSBC Group colleagues. Supporting and providing oversight of the management of Capital within the 1LOD.

The provision of Subject Matter Expertise on Capital Risk ensuring that industry developments and best practice are captured within the management of Capital Risk by the 1LOD.

Review and support of the annual calibration of Risk Appetite for Capital to ensure that the level of risk taken is commensurate with the strategic plan.

Working with various stakeholders within the Bank including Product, Finance, Operations and Treasury to ensure that all aspects of Capital Risk across the Bank are understood, reported and managed within limits.

Highlighting emerging risks associated with Capital Risk arising from external factors such as regulatory change or market conditions and internal factors such as product development, change programmes or changes in the control environment.

Responsible for reviewing the impact on Capital Risk arising from the introduction of new products or changes in existing products and providing 2LOD sign-off as part of the product due diligence process to confirm that Capital Risk are understood, measured, and monitored.

Provide significant support on Risk Steward oversight for Model and Financial Reporting & Tax Risks for the above activities.

Build an understanding of other areas of Treasury, such as Funding & Liquidity Risk, Interest Rate Risk in the Banking Book (IRRBB) and Transactional Foreign Exchange (TFX) Risk to provide cover within the team as required.

Skills/ Qualifications

Highly numerate with excellent Excel skills, and the ability to investigate/manipulate/model data quickly, find trends and provide recommendations, holding relevant Economics or Accounting qualifications.

Extensive experience working in Capital Risk in First Line of Defense (1LOD) or Second Line of Defense (2LOD) functions, with strong knowledge of key processes involved in Capital Risk management, strong knowledge of Capital Risk regulations, and their relevant application to the product set and balance sheet.

A good understanding of the Balance Sheet and P&L, including accounting implications. A background in accounting would be desirable.

A good understanding of Model Risk including key regulatory developments and their application within firms.

Experience of Liquidity, Interest Rate in the Banking Book (IRRBB) and (Treasury Foreign Exchange) TFX Risks would be advantageous

Excellent communication and presentation abilities, including strong written and verbal skills and the ability to explain issues and decisions, as well as strategy, both intrnally and externally

The ability to multitask, adapt to an ever-changing landscape of deliverables, be able to navigate ambiguity, a deep sense of ownership and attention to detail are essential

Where You’ll Be Based

Our home office in Finsbury Square, London. We offer hybrid working to our employees, so you can flex between home and the office.

Equal Employment Opportunity

We know that some people may be put off from applying for a role if they don’t meet all elements of a job description. If you think you can make a difference to our business, then why not give us a try?

HSBC Innovation Banking is an equal opportunities employer. Our recruitment processes are accessible to everyone - no matter their gender, ethnicity, age, religion, sexual orientation, disability or neurodiversity.

If you’d like to apply for one of our roles and need adjustments made, please contact our Recruitment Helpdesk:

Email: [e-mail]

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 - no matter their gender, ethnicity, disability, religion, sexual orientation, or age. We are committed to removing barriers and ensuring careers at HSBC are inclusive and accessible for everyone to be at their best. We take pride in being a Disability Confident Leader and will offer an interview to people with disabilities, long term conditions or neurodivergent candidates who meet the minimum criteria for the role.

If You Have a Need That Requires Accommodations Or Changes During The Recruitment Process, Please Get In Touch With Our Recruitment Helpdesk

Email: [e-mail]

Telephone: [phone]

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Finance and Sales

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