Senior Vice President, Credit Approvals

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Business Descriptor:

Risk and Compliance is a global function that brings together all aspects of regulatory and financial crime risk management. Acting as risk stewards, and incorporating a range of specialist teams, we work together with the business and leverage advanced technology to help HSBC navigate a complex regulatory landscape and embed a sustainable approach to compliance risk management that supports safe growth and ensures fair outcomes for clients. Compliance aspires to continuously raise the bar and set leading standards across the industry to help HSBC safeguard its customers and the communities within which it operates.

Role Purpose:

Contribute towards building sound asset quality and a conservative credit culture throughout all lending and investment activities of the Credit and Institutional Banking (CIB) segments for INM. Ensure that the credit approval process is responsive to customer needs, whilst minimizing credit losses and collection costs. The job encompasses credit assessment for domestic and cross border lending transactions with specific focus on more complex products such as project finance, capital market transactions and Global Markets business. The job holder is also responsible for implementation of new projects driven by INM Risk and for driving industry studies and portfolio reviews for the client / industry segment assigned

Role Context:

HSBC Group’s organizational structure for risk management segregates risk assessment and the approval process from the line management, with a view to delegating higher levels of approval authorities to Risk units so that these units are more responsive to customer needs. INM Risk is required to provide an objective analysis of the individual credit and ensure that the lending is in consonance with the overall Group Strategy and Lending Guidelines.  The Risk unit must ensure that its summary proposals reflect accurately and succinctly the underlying risk / reward issues and APH / Group Risk receive all necessary inputs for the approval process.

The jobholder is required to undertake counterparty credit approval and provide oversight on wholesale credit risk. The environment is characterized by change and development. Accordingly, the jobholder is expected to exercise a substantial degree of initiative and lateral thinking in order to develop solutions to problems that may have not been addressed or envisaged by existing regulations. The jobholder is expected to function independently while referring matters of policy or significant importance to his superiors, making appropriate recommendations and implementing practical solutions rather than simply identifying problems.

The scope of the job is wide, encompassing risk assessment across the broad spectrum of customers across business lines and products (all wholesale credit products) The job-holder must have knowledge of the developments in the various financial markets, the rules and regulations relating not only to his area of operation but to other allied functions, and experience in dealing in a complex, dynamic environment. The job-holder is required to ensure that the associated risks with new products being launched are accurately assessed, captured, and managed on an ongoing basis.

Guidance and authority:

The jobholder will need to operate within parameters set down in Credit FIM, Markets FIM, Global Banking FIM, BIM 3 and INM Country Risk Plan as well as guidance received from APH and Group Risk and INM policy team at regular intervals.

The job holder will be expected to independently handle the approval process and deal with APH Risk for day to day approvals. Limit delegation would normally follow based on experience and local delegated authority matrix.

Knowledge & Experience / Qualifications  :

• Extensive knowledge of all aspects of Banking with a strong background in Corporate / Institutional Banking. An overall experience of  atleast 10 years in credit risk management preferably of banks and financial institutions.
• Strong Knowledge and understanding of lending products and activities, acquired either through experience and/or formal training.
• Knowledge of local laws and regulations, experience in dealing in a complex legal environment, and ability to track the economic, political and social trends and analyse the impact on the bank's asset base.
• High levels maturity, resilience, sharp negotiation and communication skills.

Pro-tip: Familiarity with AI-enabled tools is an advantage.

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Issued by The Hongkong and Shanghai Banking Corporation Limited, India