Senior Wealth Risk Manager

HSBC Bank (M) Berhad
Kuala Lumpur, Malaysia
Oct 19, 2019
Nov 10, 2019
Job Function
Risk Management
Industry Sector
Finance - General
Employment Type
Full Time
Title: Senior Wealth Risk Manager
GCB: 4

If you're looking for a career that will unlock new opportunities, join HSBC and experience the possibilities. 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.

We are now inviting qualified individuals to join this team in the role of Senior Wealth Risk Manager.

Global Risk

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, operational, credit, pension, insurance, compliance, regulatory, market, reputation and geopolitical 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 an experienced professional to join the Global Risk team.

Principal Responsibilities:

Impact on the Business
  • Support the implementation of the Wealth Risk governance & controls, which is essential to support RBWM's strategy to grow the wealth management business, both traditionally and digitally, and to ensure the generation of sustainable profitability.
  • Support the implementation of risk mitigation activity identified through the Wealth Risk governance & controls and ensuring existing risk controls are effective.
  • Support Country Head of RBWM Risk and Regional Wealth Risk Team in the oversight and reporting of current risk issues within the wealth management business, identify & mitigate top and emerging risks and provide senior management with timely updates on risk issues.
  • Drive the development or enhancement of regular reports to highlight key wealth risk information and trends to senior management in a timely manner.
  • Evaluate and propose for local implementation of common standards, Group processes, aimed at adopting group best practice in the country.

    Customers / Stakeholders
  • Accountable for translating the Treating Customers Fairly principles into actions to ensure HSBC demonstrates that it is consistently delivering fair outcomes to consumers in relation to the sales of wealth management products and services to retail customers.
  • Support Head of RBWM Risk in working closely with senior management and the relevant internal stakeholders to ensure HSBC can deliver the consumer outcomes relevant to the wealth management business through establishing an appropriate culture.
  • Create communication channels for stakeholders - being responsive to the unique and complex needs and behaviours of customers, without exposing the wealth management business to fragmentation or reduced effectiveness.

    Leadership & Teamwork
  • Exercise latitude for determining wealth risk strategy and priorities. Accountable for decision making under often ambiguous circumstances.
  • Working across the organisation to serve the customer better. Engaging others to create innovative solutions to complex and strategic problems to achieve the best solution for the entire organisation.
  • Clear communication and articulation of the risk management strategies and activities to support the wealth management business strategy.

    Operational Effectiveness & Control
  • Identify improvement opportunities, develop innovative solutions and effectively communicate the need for change to gain stakeholder commitment.
  • Ensure that procedures comply with relevant regulatory requirements and are well supported by local policies and procedures to ensure adherence to the Wealth Risk governance & controls and other group standards.
  • To continually reassess the operational risks associated with the role and inherent in the business, taking account of changing economic or market conditions, legal and regulatory requirements, operating procedures and practices, management restructurings, and the impact of new technology.
  • Keep abreast of Group initiated projects designed to discover and promote best practice.

Requirements :
  • University degree in Business, Finance or related discipline
  • Relevant professional qualification, such as CFA, CFP, FRM or equivalent advantageous
  • Significant relevant working experience in the wealth management business and/or wealth management product distribution
  • Experience in a risk management / control function environment preferred
  • Sound knowledge in wealth management products essential
  • Working experience in more than one banking markets advantageous
  • Strong analysis, decision-making and risk management and evaluation skills
  • Solid communication, good negotiating and interpersonal skills
  • Ability to work independently under tight timeline
  • Excellent communication in English

    HSBC takes pride in a diverse and inclusive working environment that sees our people benefit from mentoring, flexible working and the support of Employee Resource Network Groups. Personal data held by the Bank relating to employment applications will be used in accordance with our Privacy Statement, which is available on our website.

    Applications for promotion/transfer must meet the eligibility criteria - please refer to HRDirect under Life Events > I would like to apply for a new role > Malaysia HBMY-HBMS Employee eligibility for promotions and transfers.

    Issued by HSBC Bank Malaysia Berhad.