Chief Risk and Compliance Officer, Asset Management, MENA

at  HSBC

Job description

CHIEF RISK & COMPLIANCE OFFICER – ASSET MANAGEMENT, MENA (0000KQ7A)

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If you’re looking for a career that will unlock new opportunities, join HSBC and experience the possibilities.
HSBC Asset Management is the investment management business of the HSBC Group. We invest on behalf of retail and private banking clients, financial intermediaries, corporate and institutional investors globally. Our investment offering covers all asset classes across equities, fixed income, liquidity, multi-asset, and alternative investment asset classes. We manage these across active and passive management, smart beta and factor-based investing. Assets under Management in excess of USD $700 billion on behalf of our clients.
HSBC Asset Management is building the local Middle East distribution team with the addition of a Chief Risk & Compliance Officer (CRCO) role. The purpose of the role is to lead and direct the effective identification, assessment, management, monitoring, and mitigation of Risks and ensure that all legal and regulatory requirements are met for AM MENA and Risk Steward for Financial Crime (FC) and Regulatory Compliance (RC).

In this role, you will:

• Lead the development and implementation of AM MENA risk management function in line with AM Risk & Compliance and HSBC Group Risk strategy and policy.
• Be the Risk Steward for Financial Crime and Regulatory Compliance, meeting the HSBC Group’s requirements for Risk Stewards.
• Drive risk governance processes, providing strategic insights to the HIFL CRO and HIFL RC and FC Heads on risk and compliance matters ensuring that actions are implemented.
• Partner with the business line managers to achieve growth goals through providing high calibre tools, training, information and risk and compliance guidance.
• Lead the risk and compliance team in an environment of regulatory change and transformation of business growth.
• Identify and manage risks introduced through change, including new investment fund products and new projects/initiatives.
• Provide advice, training, and risk stewardship to ensure AM complies with the letter and spirit of relevant regulations to deliver fair outcomes for customers, to uphold integrity in financial markets, thus ensuring compliance with all relevant Conduct and regulatory requirements.
• Support the growth agenda of Asset Management.

Requirements

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

• Graduation degree is a must – to secure a UAE Visa and Work Permit.
• Seasoned risk and compliance professional with experience in a leadership position, ideally within a global financial services organization
• Experience of building, developing, and leading a team, including experience maximizing efficiencies and meeting operating budgets
• Experience with material delegated financial risk (credit, market, liquidity) approval authorities.
• Experience working with asset management products
• Experience of managing within a complex matrix environment
• Experience in second line of defence roles including RC & FCC
• Experience in understanding the voice of the customer
• Experience of dealing with regulatory matters and confident interaction with Regulators
• Proven ability to engage with senior management, clients, regulators, auditors and examiners proactively and constructively.
• Good quantitative knowledge and experience; understanding of operational risks and controls.
• Experience and agility in managing and engaging with the local work environment, culture, and language.
• Proven leadership skills in a changing environment
• Strong influencing and stakeholder management skills

For further details and application information please visit our careers site, searching under reference number 0000KQ7A.
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Issued by The Hong Kong and Shanghai Banking Corporation Limited.

In this role, you will:

• Lead the development and implementation of AM MENA risk management function in line with AM Risk & Compliance and HSBC Group Risk strategy and policy.
• Be the Risk Steward for Financial Crime and Regulatory Compliance, meeting the HSBC Group’s requirements for Risk Stewards.
• Drive risk governance processes, providing strategic insights to the HIFL CRO and HIFL RC and FC Heads on risk and compliance matters ensuring that actions are implemented.
• Partner with the business line managers to achieve growth goals through providing high calibre tools, training, information and risk and compliance guidance.
• Lead the risk and compliance team in an environment of regulatory change and transformation of business growth.
• Identify and manage risks introduced through change, including new investment fund products and new projects/initiatives.
• Provide advice, training, and risk stewardship to ensure AM complies with the letter and spirit of relevant regulations to deliver fair outcomes for customers, to uphold integrity in financial markets, thus ensuring compliance with all relevant Conduct and regulatory requirements.
• Support the growth agenda of Asset Management

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

• Graduation degree is a must – to secure a UAE Visa and Work Permit.
• Seasoned risk and compliance professional with experience in a leadership position, ideally within a global financial services organization
• Experience of building, developing, and leading a team, including experience maximizing efficiencies and meeting operating budgets
• Experience with material delegated financial risk (credit, market, liquidity) approval authorities.
• Experience working with asset management products
• Experience of managing within a complex matrix environment
• Experience in second line of defence roles including RC & FCC
• Experience in understanding the voice of the customer
• Experience of dealing with regulatory matters and confident interaction with Regulators
• Proven ability to engage with senior management, clients, regulators, auditors and examiners proactively and constructively.
• Good quantitative knowledge and experience; understanding of operational risks and controls.
• Experience and agility in managing and engaging with the local work environment, culture, and language.
• Proven leadership skills in a changing environment
• Strong influencing and stakeholder management skill