Chief Risk Officer (Kuwaiti National)

at  HSBC

Job description
If you’re looking for a career that will give you plenty of opportunities to develop, join HSBC and your future will be rich with potential. 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.
As part of Global Risk, Regulatory Compliance ensures adherence to applicable regulations and standards by setting the policies which cover HSBC’s regulatory requirements, and mitigate conduct and reputational risk issues. The team strives to remain ahead of the regulatory change agenda and ensures the business understands the implications and is prepared for change. It monitors how the Global Businesses and Functions manage their responsibilities with regard to complying with the regulations and helps resolve compliance deficiencies.
We are currently seeking an ambitious individual to join our Regulatory Compliance team, working together with colleagues to define, manage and achieve divisional business targets.

The purpose of the role of the Country Chief Risk Officer is to direct the effective identification, assessment, management, monitoring and mitigation of risk across all current and potential future risk types within the country. The CRO is responsible for protecting the business through appropriate risk management discipline; overseeing effective execution of risk management within country; ensuring risks are captured, understood and clearly communicated to key internal and external stakeholders as required.
In this role you will be responsible for enabling the business through supporting sustainable growth aspirations and the achievement of strategic goals, acting as the single point of contact on all Risk issues for the Country CEO, the Executives and the Board. As the Country CRO you will also be accountable to the local regulators. Although this role is not approved by CBK, it is expected that the role holder is engaged and attends events and meetings.

The responsibilities of the Chief Risk Officer are to:

• Lead the implementation of the Group Risk Policies (including Credit, Treasury, Operational, Pension, Reputational, Shariah, Strategic and Sustainability) locally and manage risk activity in liaison with the Regional risk teams, agreeing any local exceptions to Group Risk Policy with the Regional CRO and relevant Risk Function Heads;
• Oversee the implementation and ongoing effectiveness of risk management and associated procedures and controls in country, including the assessment of vulnerabilities through stress-testing and scenario analysis;
• Oversee the country’s overall risk profile covering financial and non financial risks;
• Proactively identify, assess and provide a forward looking view on top and emerging risks and issues, developing mitigating strategies where necessary;
• Oversee implementation of strategic risk related projects and the overall risk transformation agenda in country;
• Implement strategies, policies and systems that ensure that the exposure to regulatory and reputational risks in Kuwait is managed and controlled, in a commercially sensitive, practical and cost effective manner;
• Act as the single point of contact across all risk types and issues for the country CEO, the Executive and the Board
• Provide input from a risk perspective to help shape the country’s strategy, ensuring risks associated with business strategies, new products and changes to the business operating model are appropriately considered using Risk/Reward based methodologies
• Manage key relationships with internal and external stakeholders, developing and maintaining strong working relationships.
• Act as an active and engaged member of the country senior leadership team, supporting the effective management of the risk associated with the business
• Lead periodic review and assessment of the effectiveness of the country’s investment in risk management, maintaining an objective assessment of risk exposure
• Represents the Risk agenda up to the highest levels of the Group’s governance, including being an attendee (as required) at the Kuwait Board [amend as required] (and related sub-committees) to report on progress and issues in relation to the operational effectiveness of HSBC’s policies, processes, systems and controls in countering all risk types.

Requirements

The ideal candidates for this role will have:

• 8 years plus experience working with in financial services.
• Experience of working in a Wholesale Credit Risk function at a senior level.
• Have an ability to understand, bring together and report on non-financial risks.
• Experience of managing teams with strong analytical skills, including regulatory and business models.
• Proven experience of positive, challenging interactions with Senior Executives across the Group.
• Have an ability to understand, bring together and report on non-financial risks
• Strategic thinker and pragmatic implementer able to develop efficient methods of bringing about change.
• Have a commercial mindset and balance risk and reward in decision making.

For further details and application information please visit our careers site, searching under reference number .
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