Senior Manager Wealth Lending Risk, Global and ASP RBWM Risk - Global Risk

Employer
HSBC
Location
Hong Kong, Hong Kong
Salary
Competitive
Posted
Jun 19, 2019
Closes
Jul 03, 2019
Ref
5999943
Job Function
Risk Management
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
Some careers open more doors than others.
If you're looking for a career that will unlock new opportunities, join HSBC and experience the possibilities.

Global Risk is a thriving and expert risk management function supporting HSBC globally with all aspects of risk management. The team actively manages a varied and dynamic range of risk types, including security, fraud, information security, contingency, geopolitical, operational, credit, pension, insurance, financial crime and regulatory compliance, market and reputation risks. All parts of the Global Risk 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.

We are currently seeking a high caliber professional to join our team as Senior Manager Wealth Lending Risk, Global and ASP RBWM Risk .

Principal responsibilities

The Group's Strategic Initiative on Wealth relies heavily on an enhanced Jade Top Tier proposition for RBWM, which in turn is depending on the successful launch of marketable securities based Lending (MSBL) products particularly in Hong Kong, Singapore and China. To support this growth initiative for the business, RBWM Risk will need to have the required skill set to provide the technical risk oversight, and subject matter expertise to enable regional and country businesses to safely grow their MSBL initiatives, including policy setting, resource up-skilling and system strategy. The securities backed loan initiatives support the Global Wealth Strategy by helping to drive AUM and revenue growth, position HSBC as a leading wealth manager and deepen client relationships.

Role holder is accountable for:

  • 2 nd Line Risk Steward oversight for all portfolios of Marketable Securities Based Lending globally, including, but not limited to the establishment of lending policy and guidelines, margin call and force sell policy, collateral eligibility criteria, translation of these into implementation mechanisms such as systems and in-market staffing, Analytics and MI development, training and development of credit risk resources,
  • Driving risk mitigation activity for MSBL products (Investment Financing, Lombard Lending, Margin FX, Margin share trading, Secured overdrafts)
  • Subject matter expertise in risk oversight for MSBF. Private Banking risk management, Credit Risk, Wealth Management Risk, Global Collateral Credit Module (GCM) and Lombard Lending FIM policy knowledge.
  • Monitoring adherence to the Group Wealth Risk policies, to ensure the generation of sustainable profitability in Retail Banking and Wealth Management business
  • Responsible for the oversight of current Wealth lending risk issues within the Wealth management business, identify and mitigate top and emerging risks and provide senior management with timely updates on risk issues
  • Design, enhance and manage regular reports to highlight key Wealth (lending) risk information and trends to senior management in a timely manner, covering all Wealth (-lending) related product categories
  • Clear communication and articulation of the risk management strategies and activities to support the Wealth management


Qualifications
Requirements
  • University degree in Business, Finance or related discipline
  • Relevant professional qualification, such as Chartered Financial Analyst, Certified Financial Planner, Financial Risk Manager or equivalent preferred
  • Significant relevant working experience in marketable securities based financing products, as part of a Private Banking or Wealth management business or control function
  • Experience in a risk management or control function environment preferred
  • Sound knowledge in Wealth management products essential (eg Investment Financing, Lombard Lending, Secured Overdrafts)
  • Working experience in more than one banking market advantageous
  • Strong analysis, decision-making and risk management and evaluation skills
  • Solid communication, good negotiating, leadership and interpersonal skills
  • Ability to work independently under tight timeline
  • Excellent communication in English
You'll achieve more when you join HSBC.

Candidate with less relevant experience or skills may be offered a lower Global Career Band than stated above.

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