Senior Manager, Retail Credit Risk Regulatory Reporting Stewardship and Oversight

Senior Manager, Retail Credit Risk Regulatory Reporting Stewardship and Oversight

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. 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.

Our Risk and Compliance function has a critical role to play in supporting, challenging and advising across all areas of the business through establishing policy, monitoring profiles, and identifying and managing forward-looking risk and compliance. We focus on creating an environment that encourages our people to speak up and do the right thing, as well as protecting our customers, the organisation and the integrity of the financial markets in which we operate. Already an industry-leader in many respects, we want to continue setting standards and evolving to respond to strategic changes.

As an HSBC employee in the UK, you will have access to tailored professional development opportunities and a competitive pay and benefits package. This includes private healthcare for all UK-based employees, enhanced maternity and adoption pay and support when you return to work, and a contributory pension scheme with a generous employer contribution.

The Integrity of Regulatory Reporting (IRR) programme has been mobilised to uplift the 1LOD control environment around Regulatory Reporting. This role sits within the 2LOD Regulatory Reporting Risk Stewardship function related to Retail Credit Risk. Within this team we take direct responsibility for the execution of the applicable Risk Management Framework (‘RMF’) Responsibilities and Risk Stewardship of these uplifts and oversight of the BAU Regulatory Reporting environment (including change initiatives). We execute these responsibilities on behalf of the Chief Risk and Compliance Officer, IWPB, who is the accountable executive. This role involves significant interaction with the 1LOD Report Owners and Senior Risk stakeholders, which the role holder is responsible for leading.

In this role you will:

• Lead the implementation of the designed operating procedures which underpin the execution of the RMF Responsibilities related to Regulatory Reporting Risk Stewardship.

• Critically review and challenge the 1LOD control environment, deliverables, remediation plans and emerging risks/issues. Hold 1LOD to account for these artefacts, this may involve difficult conversations which the role holder would need to lead until resolution.

• Resolve any existing issues to ensure optimal execution of Regulatory Reporting Stewardship responsibilities. Identify areas for potential improvement and lead the solution to uplift.

• Identify areas where further MI is required to accurately assess the risk within Regulatory Reporting.

• Understand the Regulatory Reporting regulations currently in place and maintain an awareness of developments (e.g. Basel 3.1). The Role holder will be responsible for oversight of the 1LOD plans to embed new reporting requirements into BAU.

• Act as a deputy for the Director, including in formal Governance meetings.

To be successful in this role you should meet the following requirements:

• Extensive experience in the preparation and review of PRA (e.g COREP, Pillar 2) and/or BOE (e.g. STDF) Regulatory Reporting is essential to be considered.

• Strong Analytical skills with an ability to communicate complex information confidently, concisely and using simple language is essential to be considered.

• Experience of working within a Risk Management (including Risk Stewardship) or Controls environment is desirable.

• Ability to manage and challenge senior Stakeholders (e.g. Financial Controllers, Chief Risk and Compliance Officers) is essential.

• Experience of operating or oversight of 1LOD controls, and demonstratable experience of uplifting controls.

• Experience of working within a globally distributed onshore/offshore model. Working across cultures is essential.

The base location for this role is London, Hybrid.

Being open to different points of view is important for our business and the communities we serve. At HSBC, we’re dedicated to creating diverse and inclusive workplaces - no matter their gender, ethnicity, disability, religion, sexual orientation, or age. We are committed to removing barriers and ensuring careers at HSBC are inclusive and accessible for everyone to be at their best. We take pride in being a Disability Confident Leader and will offer an interview to people with disabilities, long term conditions or neurodivergent candidates who meet the minimum criteria for the role.

If you have a need that requires accommodations or changes during the recruitment process, please get in touch with our Recruitment Helpdesk:

Email: hsbc.recruitment@hsbc.com

Telephone: +44 207 832 8500