Head of Enterprise Risk Management – Global Risk

at  HSBC

Job description

SOME CAREERS GROW FASTER THAN OTHERS.

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.
Global Risk is a thriving and expert risk management function supporting HSBC globally with all aspects of risk management. The team actively manages a varied and dynamic range of risk types, including security, fraud, information security, contingency, geopolitical, operational, credit, pension, insurance, market and reputation risks. All parts of the Global Risk team use their skills, insight and integrity to handle established threats and those they see emerging, acting to protect and enable HSBC to deliver sustainable growth.
We are currently seeking a high calibre professional to join our team as Head of Enterprise Risk Management – Global Risk

FUNCTIONAL KNOWLEDGE

• Expert level of business knowledge and experience of working in a senior role
• Expert level of risk management knowledge and relevant experience in at least one of the underlying resilience risk disciplines
• Ability to communicate effectively, building strong relationships and influencing key senior internal and external stakeholders - by articulating compelling arguments, positions, strategy and vision
• Comprehensive knowledge of the external environment (risk, regulatory, geopolitical, competitor etc.)
• A change agent who challenges the status quo as a robust diplomat; cogently, constructively and positively, leading relevant strategies that enable safe growth of HSBC
• A BA or BS University Degree, advanced degrees preferable, (e.g. MBA, MSc, PhD)

COMMUNICATION SKILLS

• Strong communication skills both verbal and written, to ensure with the preparation of materials for and the direct engagement with the most senior executive and non-executive management in the region, and with key external parties including regulators.
• Ability to synthesize information and reports across markets and businesses, glean insights and distil them into a communique that resonates with stakeholders is key
• The individual must possess strategic thought leadership, sound judgment, strong relationship management skills in order to reach and influence a wide range of audience and reinforce the risk culture.
• Strong management information background, both in terms of required content, production processes and understanding what drives the numbers reported

ROLE PURPOSE

Global Enterprise Risk Management (ERM) is a sub function of Group Risk and Compliance. The ERM function owns the Risk Management Framework, which includes the Group Risk Appetite Framework and Non-Financial Risk Framework and will seek to more clearly align the these to drive one clear holistic approach to Risk Management across the organisation.
The model will simplify our approach to Operational and Resilience Risk and Risk strategy, enabling us to manage risk more holistically.
While the core risks of the bank remain consistent compared to a few years ago, the way in which they manifest, the speed to crystallization and the connection points between them have become increasingly complex. It is therefore essential that we are equipped with the knowledge to navigate the dynamic and interconnected risk landscape of today.
The objective of enterprise risk management is to develop a holistic, portfolio view of the most significant risks to the achievement of the entity’s most important objectives. An effective ERM process will be an important strategic tool for leaders of the business. Insights on risks will be an important input to the organisation’s strategic and operating plans. This will require the development of a diverse team of ERM colleagues with the capability to be able to ‘join up the dots’ across different risk types – financial and non-financial.
Deepening this ERM capability to work horizontally across the risk framework will help support leaders across the Group to successfully rise above individual risk types and make strategic decisions under complex circumstances with multiple, dynamic risk and reward opportunities.
The Head of ERM will lead the ERM function to meet these objectives and is primarily responsible for building out the ERM capability in Singapore. Additionally, the Head of ERM is primarily responsible for ensuring that Singapore adheres to standards for the management of operational risk as set out in the Regional framework for Enterprise Risk and Operational Risk Management, and that Resilience Risks are managed within appetite.

PRINCIPAL ACCOUNTABILITIES AND RESPONSIBILITIES

• Active Risk Management in the market based on Regional defined approach
  o Across all Businesses & Functions
  o Risk Types – as a local Risk Steward for all appropriate Resilience Risk types.
  o Sponsorship and challenge of key change related programs
  o Aggregated reporting/analysis of environment for Risk Type.

o Thematic analysis and read across for Risk Type.

• Oversight of ‘Active Risk Management’ in the market based on Regional defined approach

o Across all Businesses & Functions
o Risk Types – as a local Risk Steward for all appropriate Resilience Risk types.
o Sponsorship and challenge of key change related programs
o Aggregated reporting/analysis of environment for Risk Type

o Thematic analysis and read across for Risk Type

• People leadership/management in the market
• Capital, Stress Testing, and local behavioural investigations where it is required

The role holder will have country responsibility to provide Singapore Resilience Risk Stewardship:

• Accountable for effective risk stewardship of Resilience Risk for Singapore
• Act as key contact point of Singapore for interacting with regulators (e.g. Singapore Regulators, etc) and industry bodies on Resilience Risk matters
• Ensure the integrity and timely completeness of risk and control identification, assessment and information within the Group’s Risk and Control system of record (Helios) as well as directing documented remediation plans for residual risks
• Conduct thematic reviews across Singapore to ensure that risk and control environment is commensurate with the scale and nature of operations
• Directs and supports Singapore on their Enterprise Risk Management and acts as a key contact and escalation for senior stakeholder engagement throughout Singapore, making sure delivery is consistent and of high quality
• Provides 2LOD oversight of top and emerging risks, ensuring Singapore can mitigate these timely and cost effectively
• Assesses compliance with Group policies and risk appetite
• Attends Singapore control meetings and non-financial risk governance forums, providing both Operational Risk oversight and robust and timely Risk Steward challenge of the First Line of Defence (1LOD) view of the resilience risk profile as required
• Responsible for developing and promoting an increasingly insightful process based view of Enterprise Risk Management
• Applies risk stewardship review and challenge over Resilience Risk RCAs and control environment