Head of Recovery and Resolution Planning

In compliance with applicable laws, HSBC is committed to employing only those who are authorized to work in the US. HSBC may engage in immigration sponsorship for this position if needed.

Our purpose – Opening up a world of opportunity – explains why we exist. Here at HSBC, we use our unique expertise, capabilities, breadth, and perspectives to open up new kinds of opportunity or our more than 40 million customers. We’re bringing together the people, ideas and capital that nurture progress and growth, helping to create a better world – for our customers, our people, our investors, our communities, and the planet we all share.

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

HSBC is one of the largest banking and financial services organisations in the world, with operations in 57 countries and territories. We aim to be where the growth is, enabling businesses to thrive and economies to prosper, and, ultimately, helping people to fulfil their hopes and realise their ambitions.

We are currently seeking an experienced individual to join this team in the role of Head of Recovery and Resolution Planning.

In this role, you will:

• Own the core positioning of  Recovery and Resolution (R&R) strategy meeting local and global regulatory and internally set expectations and fully reflecting the entities’ and global business models
• Direct and navigate the R&S teams covering entities in the US (Holding company, Bank and Broker Dealer), Mexico, Chile and Brazil. You will have responsibility for setting the strategy for R&R, ensuring the policy is effectively implemented from a first line perspective
• Collaborate and partner with stakeholders across entities, functions and businesses to manage the end-to-end processes involved in R&R management. This will include engagement with regulators, stakeholders in the Treasury team, legal and compliance departments, the COO office and the second line. To enable this, you will need to work with those stakeholders to align existing practices, with a significant global book of work already underway
• Carry responsibility for the interlock with Risk Strategy in the alignment of Stress Testing with recovery and resolution planning, including analysis of likely bail-in scenarios and balance sheet restructuring
• Improve and develop good relationship with regulators. Liaise with relevant stakeholders within IT, Entities, Global Businesses and Global Functions (e.g. business lines like MSS FRM, Global Risk Analytics, Wholesale Credit Risk, entity CFO’s etc.)
• Review of the operating bank valuations and financial data in respect of financial resources (capital, liquidity, funding) impact on the wider Group under BAU conditions as well as required to describe potential disposal options under recovery or resolution
• Require strong communication skills to lead that team and ensure connectivity with regional and global colleagues. You will need to be able to interact and communicate confidently with senior stakeholders, including the CFO, CRO and members of the ALCO, Risk Committee and Board
• Be responsible for continuous optimization and enhancement of the processes. Define and implement understanding of good governance and implement effective approvals process

The final fixed pay offer will depend on the candidate and several variables, including but not limited to, role responsibilities, skill set, depth of experience and education, licensing/certification requirements, internal relativity, and specific work location

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

• Demonstrable experience of regulatory regimes governing capital, liquidity and more specifically Recovery and Resolution
• Have experience of strategically directing the end-to-end processes involved in Recovery and Resolution
• Have a varied broad-based banking experience in financial services including a deep understanding of a range of treasury topics, including specific liquidity experience and a solid understanding of Broker Dealer activity
• Have experience of directing, engaging, motivating and leading a team
• Be collaborative, engaging, credible and methodical; being able to bring the numbers, policy, strategy, initiatives and narrative to life (e.g. presenting management information to a wide range of stakeholders/ senior management)
• Have experience in building and maintaining strong relationships with senior stakeholders (all levels of seniority, businesses, and geographies)

The preferred base location for this role is New York and with a hybrid working pattern.

As an HSBC employee, you will have access to tailored professional development opportunities to ensure you have the right skills for today and tomorrow. We offer a competitive pay and benefits package including a robust Wellness Hub, all in a welcoming and inclusive work environment. You will be empowered to drive HSBC’s engagement with the communities we serve through an industry-leading volunteerism policy, a generous matching gift program, and a comprehensive program of immersive Sustainability and Climate Change Initiatives. You’ll want to join our Employee Resource Groups as they play a central part in life at HSBC, including the development of our employees and networking inside and outside of HSBC. We value difference. We succeed together. We take responsibility. We get it done. And we want you to help us build the bank of the future!

All qualified applicants will receive consideration for employment without regard to age, ancestry, color, race, national origin, ethnicity, disability or medical condition, genetic information, military or veteran service, religion, creed, sex, gender, pregnancy, childbirth, caregiver status, marital status, citizenship or immigration status, sexual orientation, gender identity or expression or any other trait protected by applicable law.