Wholesale Product Risk

Job description
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 for 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.
The Wholesale Product Risk works within the Wholesale NFR team, reporting to the Head of Business & Product Risk. The role holder will be responsible for overseeing adherence to the operational risk framework across Wholesale, providing co-ordination and expertise support to CMB and Global Banking, on all non-financial risks relating to Credit & Lending, Sales Suitability and New Product Due Diligence, to ensure monitoring and maintenance of an effective operational risk and control environment. The role holder ensures adherences to the procedures and works alongside the business to manage risks as they arise, horizon scan for future risks impacting the business, and tracking current issues with relevant MI and escalation. The position is responsible for driving the effective governance and management of Wholesale Credit & Lending Sales Suitability, Product Governance in the First Line of Defense.
Here’s what you can expect:

This role will include:

• Developing key relationships across Wholesale, both locally and globally
• Ensuring a clear understanding of Operational risk arising from Credit & lending across Wholesale, working alongside key C&L stakeholders to maintain a robust control environment and escalate key issues.
• Close collaboration with business partners to ensure appropriate control and testing design.
• Creation and maintenance of key metrics to track progress and ensure appropriate escalation.
• Providing support and advice on compliance and operational risk matters and represent Global Banking (GB) and Commercial Banking as point of contact for Product Due Diligence, as required.
• Identify and share best practices with business, function, and stakeholder, and heighten control standards.
• Support GB and CMB Sales Suitability, including inventory of products.
• Maintenance and evolution of procedures and processes inventory.
• Review and facilitate read across of issues/ events from other business lines or functions.
• Lead the New Product Due Diligence reviews for both Commercial and Global Banking, working in close collaboration with business partners to highlight risk.

For this role, HSBC targets a fixed pay range between $141,300 and $211,900.
The final fixed pay offer will depend on the candidate and a number of variables, including but not limited to, role responsibilities, skill set, depth of experience and education, licensing/certification requirements, internal relativity, and specific work location.
At HSBC, our overall goal is to provide a competitive Total Reward Package, with an appropriate mix of fixed pay, and variable pay, as part of an employee’s overall total compensation and benefits. Variable pay generally takes the form of discretionary, annual awards (sometimes referred to as a “bonus”). Additionally, HSBC offers a wide range of competitive and flexible benefits designed to help you improve your health and well-being, finances, and lifestyle.
Requirements

In compliance with applicable laws, HSBC is committed to employing only those who are authorized to work in the US. Applicants must be legally authorized to work in the U.S. as HSBC will not engage in immigration sponsorship for this position.

• Knowledge of Global Banking and/or Commercial Banking, including products, processes, systems, controls and how risks materialize.
• Preferably gained through experience in first line for at least 5 years.
• Leadership skills.
• Ability to collaborate across matrixed stakeholders.
• Good understanding of the Group’s Non-financial risk Framework.
• Knowledge of the changing regulatory environment especially in the financial services sector.
• Proven problem-solving skills with ability to consider alternative and lateral solutions.
• Highly developed communication, presentation and influencing skills set.
• Ability to prioritize and work independently under pressure within a team environment.
• Ability to use strong judgmental skills to identify and resolve complex problems whilst adhering to timelines and quality of output.

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, diverse 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.

• Developing key relationships across Wholesale, both locally and globally
• Ensuring a clear understanding of Operational risk arising from Credit & lending across Wholesale, working alongside key C&L stakeholders to maintain a robust control environment and escalate key issues.
• Close collaboration with business partners to ensure appropriate control and testing design.
• Creation and maintenance of key metrics to track progress and ensure appropriate escalation.
• Providing support and advice on compliance and operational risk matters and represent Global Banking (GB) and Commercial Banking as point of contact for Product Due Diligence, as required.
• Identify and share best practices with business, function, and stakeholder, and heighten control standards.
• Support GB and CMB Sales Suitability, including inventory of products.
• Maintenance and evolution of procedures and processes inventory.
• Review and facilitate read across of issues/ events from other business lines or functions.
• Lead the New Product Due Diligence reviews for both Commercial and Global Banking, working in close collaboration with business partners to highlight risk