Senior Risk Manager, Insurance

GCB 4

We are currently seeking a high calibre professional to join our team as a Senior Risk Manager, Insurance.

In this role you will:

• Insurance partner onboarding / renewals – Review & approve business case (including review of contractual/ remuneration terms, reputational risk, credit risk, third party due diligence, etc.)
• Third Party Product approval – Liaise with Insurance Third Party product team on pipeline assessments, review & approve third party products before launch (new product, variations, channel extensions) in accordance to defined oversight frameworks.
• Value Added Services – provide oversight on VAS approval framework operational effectiveness and input into VAS management framework enhancements.
• Provide risk support on any issues and participate in monthly market check-ins, to proactively understand business performance and strategy/ initiative pipelines. Ensure key risk issues and challenges have adequate mitigation / remediation plans in place.
• Review partnership management information and key country oversight committee (CSC) packs and escalate any material issues. Oversee products risk appetite metric, ensuring drivers for non-green metrics are addressed by markets in a timely manner.
• Provide input on partnership mandatory procedures / operating instructions and regularly review of partnership continuous monitoring activities (CMA) performed by First Line of Defence (FLOD).
• Lead partnership-related thematic reviews / assurance testing, as required.
• Provide subject matter expertise / advisory inputs on ESG and climate related matters to Insurance FLOD (e.g. Translate Group policies into insurance specific procedures and review subsequent updates, update/ review of ESG/ climate related Risk MIs, perform risk horizon scanning of emerging risk, response to Group requests), and other risk stewards/ local CROs (who oversee ins activities) upon request (e.g. ORSA – climate risk section, business case for any ESG initiatives).
• Take the lead to be the Insurance risk contact including independently review & challenge of the annual climate risk materiality assessment, and any relevant publications from the lead regulator (PRA).
• Input to the relevant risk sections and provide timely 2LOD challenges in our external disclosures
• Support other distribution and product management related tasks as instructed by the Head of Distribution and Product Risk Management.

To be successful you will need:

• Significant experience in insurance distribution or ESG domain, preferrably in a large-scale insurance organisation.
• Ability to lead change, influence and actively drive performance.
• Demonstrated ability to partner with business stakeholders and collectively grow the business while minimising risk.
• In-depth knowledge and understanding of the insurance industry and regulatory environment including current and emerging risks. 
• Self-starter, independent with good communication and leadership skills.
• Team player and high achiever with a positive attitude.
• High level of personal integrity and values in line with HSBC core values.
• Take personal accountability, be decisive, use common sense, empower others.
• Be inclusive and collaborative.

Opening up a world of opportunity
www.hsbc.com/careers

HSBC is committed to building a culture where all employees are valued, respected and opinions count. We take pride in providing a workplace that fosters continuous professional development, flexible working and opportunities to grow within an inclusive and diverse environment. 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.

Issued by The Hongkong and Shanghai Banking Corporation Limited.

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