Assistant Vice President, Wholesale Non Financial Risk

HSBC Holdings plc; Hyderabad; On-site; INR 2,500,000 - 4,500,000; Full time

Job summary

HSBC Holdings plc in Hyderabad, India, seeks Assistant Vice President, Wholesale Non Financial Risk. The role provides SME risk support, ensures risk landscape aligns with appetite, and drives global change programs within a matrix organization to support WSB clients.

You will act as a nodal point for wholesale risk across product categories, promote quality data, challenge controls, and develop governance frameworks.

Qualifications

• Strong understanding of risk management frameworks and controls.
• Experience supporting risk governance across multiple lines of defense.
• Ability to analyze data to inform risk decisions and actions.

Responsibilities

• Lead SME support on Business Risk matters including risk identification, mitigation, governance, insights and control activities across verticals.
• Support senior management in managing Conduct Risk and ensure governance committees meet risk governance requirements.
• Develop and implement risk management frameworks and drive remediation of audit findings and regulatory issues.

Skills

Risk management

Stakeholder management

Regulatory knowledge

Analytical skills

Decision making

Communication

Education

Bachelor/Master in Finance or Business Administration or Financial Risk Management

Tools

Qlik Sense

Power BI

Job description

Job title: Assistant Vice President, Wholesale Non Financial Risk

• The Banking Chief Control Office (CCO) team sit within the CIB COO and provide expert impartial guidance and support to implement and maintain an effective Business Risk - including Financial and Non-Financial Risk, which contributes to the effective execution of relationships, products, and services for WSB clients.
• Role holder will provide high quality risk management support and ensure the risk landscape is managed within risk appetite.
• Role holder will be responsible in driving change and transformation programs through a Global organization – both to own teams and structures and jointly with the Business through supporting and delivering changing workplace strategies.
• Role holder with act as a nodal point for WBR related activity across different product categories

Why join us?

• CIB Business Risk team is a specialized risk management function overseeing and executing key activities within the Risk management framework The team actively manages varied and dynamic range of risk types under different Risk framework. The team use their skills, insight, and integrity to handle established threats and those they see emerging, acting to protect and enable HSBC to deliver sustainable growth.
• Role holder is expected to act as a trusted advisor to the first line of defence (FLoD) of the business and works closely with core role holders in active management of Risk management and adherence to the WBR framework. This role sits within Capability Office as an extension of the regional team and will be responsible for:
• Promote accountable risk and control decision-making based on quality data and commercial analysis.
• Provide specialist risk and control knowledge and insights.
• Identify trends to anticipate future developments in the risk and control environment
• Actively challenge poor, inefficient, or excessive controls, related tasks, and behaviors
• Drive the development and implementation of future-fit risk management frameworks
• Influence and shape the development of regulatory frameworks in collaboration with internal parties
• Promoting desired behaviors and a positive risk culture

Governance and Committee Memberships (membership of Ex.Cos, Risk Management Meeting)

• Regional and Global governance meetings across Business Risk

In this role, you will:

Principal Accountabilities and Responsibilities (e.g., for Business, Customers and Stakeholders; internal control environment, etc.)

• Lead and provide SME support on Business Risk related matters of risk identification, mitigation, governance, insights, and control activities for the above verticals along with engaging a diverse set of stake holders in wider Business Risk, 1LOD, 2LOD, DBS, CMB, GB and other business/functional lines if necessary.
• Actively support the Business Risk Senior Management in managing Conduct Risk and ensuring that all governance committees across the Business Risk team meet the requirements of the risk governance framework as well as ensuring the appropriate messaging, key risks are escalated through the appropriate business forums. This will include governance of the Sales Outcomes Testing process across global sites.

Impact on the Business / Function

• Provide guidance to first line management regarding Risk Management framework and facilitate assessment of risks and controls, identification of weaknesses and issues relevant.
• Provide subject matter expertise (SME) in the areas of primary responsibilities. This should include due consideration to both internal and external directives from the risk stewards not only from the specified areas but also from Compliance, Operational Risk, Legal, Finance.
• Support all relevant regional team of the function or country team during risk steward review or internal audit.
• Ensure WSB remains aligned to any applicable framework or regulatory control environment requirements (i.e. SOX, IFRS, BASEL III).
• Effective implementation of framework without breach of timelines.
• Nil observations from risk stewards, internal audit, and external regulators.
• Feedback from function, on support during reviews and audits.
• In line with global and regional WSB risk strategy.

Operational Effectiveness & Control:

• Ensure high data quality in system of records and timely refresh of information as per the policies/ framework.
• Timely cascade of updates on any relevant changes including regulatory changes to policy or framework or projects impacting the primary responsibilities.
• Monitor for completion of training (online/ classroom) and conduct awareness sessions to enhance understanding of WSB colleagues in proactive management of risk.
• Facilitate development of Key indicators facilitating proactive management of risk
• Nil exception on data quality/ overdue data refresh
• Implementation of key indicators, their consistent production and governance
• Compliant to regulations, policies, guidelines, and audit requirements
• Nil training overdue/ exception.
• Number of awareness session conducted
• Internal Stakeholders & Front-Line Support
• Supports the regional WBR for WSB in oversight and effective management through implementation of relevant framework, policies, and transformation programmes (if applicable).
• Provide stakeholders with key metrics and data that will give visibility on risks and control environment and allow them to identify emerging and current issues that require management attention.
• Drive remediation of all audit actions, regulatory issues and any other issues whether identified by management, WBR activities or Risk Steward reviews.
• Regular 1:1s in place with all key stakeholders.
• Develop toolkits and dashboards to areas of primary responsibilities.
• Closure of Audit findings and other Issues within agreed timelines.
• Positive feedback from key WSB stakeholders in the region/ country.

Leadership & Teamwork

• Drives effective teamwork across all teams supported.
• Contribute to a team environment which is reflective of HSBC Values.
• Is skilled in operating in a complex global matrix organisation, delivering business results through influencing, building consensus around common purposes, collaborating on solutions, and dealing with conflict situations.
• Ability and gravitas to work at a peer level with Management. Role requires ability to robustly stand up to challenges from senior management. Holds individuals accountable, and influence seniors appropriately.
• Ability to communicate concisely and effectively, providing insight and summaries, using formal structured channels and other less formal mechanisms.
• Ability to multitask, manage disparate stakeholders, build consensus, and implement effective business solutions.
• Actively promotes a positive control culture across the organization.

Management & Leadership of Internal Control, Regulatory, Compliance & Operational Risk (Operational Risk / FIM requirements)

• Maintain awareness of the WBR Framework, work across the 3 Lines of Defense risk management model to ensure that risks are managed to within risk appetite and that where issues and incidents to occur their impact is minimized and managed appropriately through the timely update of our books and records, ensuring the identification, assessment, and mitigation in accordance with the Group Operations FIM.
• Maintain and observe HSBC internal control standards, implement, and observe WBRframework requirements.

To be successful you will:

Functional Knowledge

• Strong understanding of Risk Management including Risk and Control Assessment (RCA), assessing Control Rating, Issue and Action Management, Internal / External event management and ensuring adequate data quality within the risk and control frameworks.
• Experience in risk management within a global organization. Experience in supporting any of the following would be an added advantage: Resilience Risk, Cyber Security Risk, Regulatory risk, Operational Risk.
• Competent decision-maker, making considered and timely decisions, particularly when under high pressure.
• Strong analytical skills.
• Strong stakeholder management and influencing skills, complemented by interpersonal and communication skills with a proven ability to communicate effectively and confidently at all levels.
• Being a quick learner and the ability to be a Subject Matter Expert by undertaking a deep dive into multiple Business Risk areas.
• Flexibility and adaptability – competing priorities that are potentially highly restricted in nature, unpredictable and wide ranging, complex and time sensitive requires the simultaneous handling of a broad range of issues and resourcing.
• Matrix organization – delivering against deadlines working across multi-jurisdictions and with multiple stakeholders. Proven ability to work in matrix management structure.
• Stakeholder considerations – the role holder produces the highest quality, most across Product Lines / Lines of Businesses within remit (Banking, GPS, GTS) at a global and regional level, and several other Global Businesses and Global Functions including but not limited to Global Infrastructure teams and IWPB.
• Succinct output that is suitable for senior executive management and external parties at all times, regardless of pressures.
• Proactive identification of issues and initiation of structured discussions with the key stakeholders across HSBC.
• Ability to work independently without close supervision and collaborate effectively as part of a team.
• Well-developed written and verbal communication.
• Good level of business acumen and commercial awareness, including economic, cultural, procedural & regulatory issues.

What additional skills will be good to have?

• A Bachelor / Master degree in Finance / Business Administration / Financial Risk Management or Equivalent
• Strong MS-Excel and Power Point skills
• Exposure to Qliksense / Power BI tools

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