Head of Wholesale Credit Risk Management

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HSBC is one of the largest banking and financial services organisations in the world, with operations in 64 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 professional to join our team in the role of Head of Wholesale Credit Risk Philippines.

This role is the primary point of accountability for WCR risk for the market/country and the single point of contact for WCR risk for the country/market head of Wholesale Global Businesses and credit approvals. The role holder exercises personally the highest level of wholesale credit, counterparty credit and portfolio approval authorities in the country/market.  In addition, the role is responsible for aggregating risk portfolios and limits, setting limits and caps where necessary and providing portfolio and country oversight to achieve the desired level of risk appetite.  The role is responsible also for loan management of distressed credit in the market/country, proposing and approving expected credit loss (IFRS9) impairments for accounting purposes, relevant regulatory reporting and engagement with the local regulator as required in financial risk matters, responsibility for local policies, regulatory and other stress testing and processes. This role is responsible for delivery and effective implementation of WCR risk systems strategy and the organization blueprint.

Impact on the Business / Function

• Accountable as the most senior Wholesale Credit Risk Officer for HSBC Philippines, holding the highest wholesale credit/counterparty and portfolio approval authorities in-market.
• Sets and oversees country risk appetite, limits and portfolio governance (including IFRS 9/expected credit loss (ECL), stress testing and WCR policy/process) in line with global standards.

Customers / Stakeholders

• Trusted senior partner to the Country CEO/CRO, Wholesale business heads and regional risk leadership on credit approvals, portfolio oversight and risk appetite decisions.
• Leads engagement with local regulators and ensures WCR risk governance is embedded in country decision-making.

Leadership & Teamwork

• Leads, develops and motivates the Philippines WCR team, building capability, succession and a strong risk culture.
• Works closely with Risk, Compliance, Operational Risk and other control functions to deliver joined-up outcomes for the country.

Functional Knowledge

• Deep expertise in wholesale lending/credit assessment across corporates, financial institutions, sovereign and cross-border risk, including concentration and counterparty credit risk.
• Strong track record in distressed credit/LMU management and IFRS 9 ECL assessment and governance.

Operational Effectiveness & Control

• Ensures robust controls, compliance and operational risk management across WCR processes, management information, audits and regulatory submissions.
• Drives effective implementation of WCR systems/strategy and continuous improvement to deliver timely, accurate and cost-effective risk oversight.

Experience, Skills and Qualifications:

• Highly developed experience of lending and credit assessment for corporates, banks, fund and hedge funds, sovereigns and cross border risk management
• Highly developed experience of cross-risk, horizontal concentration risk management at single name, industry sector and geographic level.
• Significant experience in Counterparty Credit Risk management and measurement techniques as well as risk mitigation and settlement risk management
• Significant experience of distressed loan management and accounting for IFRS9 Expected Loss reporting
• Significant understanding of CIB and PB products and services
• Be a sound and highly competent decision maker

Candidate with less relevant experience or skills may be offered a lower Global Career Band level than stated above.

Due to the urgent hiring need, candidates with immediate right to work locally and no relocation need will be prioritised.

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Issued by The Hongkong and Shanghai Banking Corporation Limited.