First Line Risk Management

Job Title: First Line Risk Management

Business Risk is a part of Business Risk & Resilience (BRR) function and plays an important role in enabling the bank to operate within its risk appetite, by ensuring efficient and effective risk and control management.

Business Risk achieves this by providing operational risk and control expertise, conducting high quality reviews of the bank’s control environment, maintaining robust risk governance focused on material risk and issues, and evolving a culture of continuous and consistent risk management. It seeks to apply innovative and forward-thinking solutions to risk management in the first line, helping risk and control owners to proactively manage their risks and controls.

This role is within the Business Risk Analytics team and reports to Head of BR Risk Analytics. The role holder may lead a small group of specialists, lead and support delivery of risk and control related activities including any special projects.

The activities of the role include, but are not limited, to the following:

• Work with key stakeholders to assist with the delivery of strategic priorities and key risk indicators for BRR. Drive and lead complex risk analysis and assessments. Independently performing assignments to achieve stated objective. Also determining and developing approach to solutions.

• Support, advise and challenge the management to ensure that their risks are understood and well controlled. The role includes analysing the performance of the control environment, performing end to end reviews, deep dive thematic reviews to identify weaknesses and designing new or modify controls to enhance the overall control environment.
• Partner with Risk and Control owners to design and embed automatic or data led evidencing of control effectiveness. Develop expertise in control design principles and drive higher standards across key controls. Lead specific read-across activity where required.
• As part of the leadership team contribute to high performance culture by sharing best practices, mentoring and coaching, etc. Proactively identify collaboration opportunities and adopt new ways of working to achieve highest efficiency, quality standards and productivity across BRR. Lead the assimilation of materials to provide updates and briefings for the BR/ BRR/ BR ExCo to deliver purposeful and systematic narratives to senior leaders to drive business outcomes and actions.
• Support the  leadership team to deliver on various risk and control related initiatives including the risk and control book of work. Work closely with senior colleagues across all lines of defence, particularly Enterprise Risk Management, to ensure policy requirements are understood and adhered to.

• Effective working with virtual teams to collaborate on various key risk and control initiatives. Ensure timely delivery of key activities and being transparent and accurate in the completion of the deliverables.Provide expertise and guidance on thematic reviews / deep dives across Business / Infrastructure teams.
• The role holder may provide input to BRR reporting and briefs to Executive and Board forums including but not limited to: BRR - Risk and Control Management Meeting (RCMM). Business Risk & Resilience ExCo. Business Risk ExCo

In this role, you will:

• Drive a Business Partnering approach to ensure a close understanding of individual business requirements and provide customised strategies that align to overall Group objectives and actively support individual and business specific needs on an end-to-end basis.
• Understand and support the implementation of BRR strategy. Deliver clear, concise messages based on good evidence and informed judgement that support risk and control related decision making. Drive improvements to information metrics and processes to strengthen risk management and internal control.
• The role is subject to the normal requirements within HSBC in respect of adherence to internal control requirements and given the nature of the role, plays a key role in driving these. Standard expectations include: Maintains HSBC internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators. The role holder will also adhere to and be able to demonstrate adherence to internal controls. This will be achieved by adherence to all relevant procedures, keeping appropriate records and, where appropriate, by the timely implementation of internal and external audit points, including issues raised by external regulators.
• Engage with stakeholders across BRR, and where appropriate, Group Businesses, Group Infrastructure teams and entities to ensure their Risk Management Framework service needs are met. Building ‘trusted advisor’ relationships with internal stakeholders and partnering with 2nd and 3rd Lines of Defence.
• Being resilient in the face of, sometimes acute, pressure to redact findings and recommendations by focusing on the facts of deep dive / thematic outcomes. Fulfil responsibilities and meet core delivery targets as set by Business Risk.

• Contribute to the overall Business Risk Strategy to drive increased value to the businesses and other stakeholders. Support the vision and maintain the alignment to HSBC’s vision, values and goals.

To be successful you will:

• Expertise in risk and control environment, very strong understanding of risk and control frameworks, risk management, including understanding of industry best practices and how to implement & maintain an effective control environment. Strong analytical and written presentation skills with ability to work under pressure with high accuracy and focus.
• Experience in the development of Executive / Board forum papers / materials, and analysis of qualitative and quantitative data to identify and present key themes and trends.
• Have in-depth understanding and experience in Governance and Risk and Controls. Professional certification related to Audit and/or IT Audit (e.g., CIA, CISA, etc.). Proficiency in MS Office / Office 365 suite.
• Ability to develop trusted adviser status with key BRR stakeholders through SME expertise; ability to understand desired Business outcomes across the matrix and ability to translate into well-articulated requirements.
• Track record of delivering key tasks / projects to cater to varied business needs. Prior experience of working in a matrixed organization. Knowledge and understanding of the HSBC Group organization is desirable. Fluent English in written and verbal communication skills, analytical, problem-solving, organizational, lateral thinking, and interpersonal skills.
• Exercise sound decision making and related judgments; they must operate with a degree of autonomy, flexing their approach to the objectives, needs and requirements of the testing team.
• Ensure compliance with HSBC policy and procedures, together with early identification and effective resolution or escalation of Business or Infrastructure control issues as they arise.

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HSBC is an equal opportunity employer 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. We encourage applications from all suitably qualified persons irrespective of, but not limited to, their gender or genetic information, sexual orientation, ethnicity, religion, social status, medical care leave requirements, political affiliation, people with disabilities, color, national origin, veteran status, etc., We consider all applications based on merit and suitability to the role.”

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