29 days old

Operational and Resilience Risk Business Oversight Global Markets - 0000FZ3K

New York, United States
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  • Job Code
    842936

Operational and Resilience Risk Business Oversight Global Markets - 0000FZ3K
Description

!*!

At HSBC, the health and well-being of our employees remains of utmost importance.  Many of our roles are permitted to work from home (in states in which HSBC is licensed to operate) until further notice. Upon resumption of normal operations, this role may be performed at our New York, New York office.

 

Global Operational and Resilience Risk (ORR) is a sub function of Group Risk. Its purpose is to make sure HSBC understands, and is in control of its non-financial risk position. In addition, the function provides resilience risk stewardship to the Business and Functions and the entities we operate in. This is achieved through:

  • Completing analytical assessments and opining on the control environment of the First Line of Defence (1LOD) within Businesses, Functions and Regions
  • Constructive challenge to all businesses, functions and entities within country on their control environment and assessment of risk
  • Oversight of emerging risks, strategic business initiatives and local change activity and new/materially changed products
  • Analysis of risk exposure across all bank operations and territories to inform capital management and stress testing requirements
  • Completing thematic reviews and aggregated reporting of the Non-Financial Risk profile of the bank
  • Responsibility for the implementation of HSBC’s Risk Management Framework (RMF) that sets out governance, policies and practices to proactively identify, assess, measure and report on, mitigate and control operational risk exposures associated with HSBC’s businesses and operations at all levels of the organisation.

 

The role holder is responsible for ensuring that all businesses, functions and entities within GM, USA establishes and adheres to standards for the management of operational risk as set out in the Group’s framework for Enterprise Risk and Operational Risk Management, and that resilience risks are managed within appetite.

 

The role holder will have responsibility to provide GM, USA operational and resilience risk oversight. Given the complexities of the GM business, the role holder’s subject matter expertise will be called on frequently to review and challenge the GM risk and control profile and act as a trusted advisor to the business.

  • Lead oversight over GM NFR key strategic change initiatives
  • 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 GM, USA to ensure that risk and control environment is commensurate with the scale and nature of operations
  • Supports GM, USA their operational and resilience risk management and acts as a key contact and escalation for senior stakeholder engagement throughout GM, USA making sure delivery is consistent and of high quality
  • Supports embedding the Risk Management Framework (RMF) and provides advice, guidance and challenge in relation to ORR oversight and internal control effectiveness within GM, USA Provides 2LOD oversight of top and emerging risks, ensuring GM, USA mitigate these timely and cost effectively
  • Attends GM, USA 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 
  • Supports developing and promoting an increasingly insightful process based view of ORR risks
  • Supports the implementation and embedding of the ORR functional strategy
  • Applies risk stewardship review and challenge over Resilience Risk RCAs and control environment
  • Lead Operational Risk support and oversight of the Swap Dealer activities
  • Responsible for the Operational Risk oversight and sign off of the GM –PRA activities/assessments

 

Impact on the Business

  • Contributes to the design of the Operational and Resilience Risk taxonomy and the operational framework
  • Supports implementation of the Operational Risk and Resilience Risk frameworks, this includes Risk Strategy, Risk Appetite, Risk Taxonomy and Risk Control Library strategy and policy frameworks
  • Provides oversight across GM, USA 1LOD’s adoption of Standards, Processes and Procedures required to implement the Policy objectives
  • Provides robust challenge and actionable and contextual guidance across all NFR risks within GM, USA both enabling business growth whilst maintaining related risks within appetite
  • Implements and provides effective oversight of RMF including policies, tools and methodologies for use by line management within GM, USA

 

Customers / Stakeholders

  • Represent Operational Risk Oversight and Resilience Risk Stewardship to key stakeholders
  • Manage relationship with other ORR teams

 

Leadership & Teamwork

  • Lead and role model for non-financial risk aligning with the Bank’s strategy, behaviours and values
  • Robustly challenge and influence to ensure how we manage and quantify our risk exposure and fully embed a strong risk management culture and behaviours is effective
  • Work effectively across ORR

 

Operational Effectiveness & Control

  • Support the continuing development or transformation of Operational Risk operating model to ensure the Business Operational Risk operates increasingly effectively and efficiently and is able to deliver HSBC's strategic goals.
  • Partner with business Leads across 1LOD in the region to identify, measure, mitigate, monitor and report resilience risks
  • Ensure key non-financial risk reports adhere to requirements of Enterprise Risk Framework and escalation routes operate for top and emerging non-financial risks to reach appropriate Risk Management Meetings
  • Direct ad-hoc project work and investigations to provide further analysis into process control failings as required

 

Major Challenges

  • Operating with influence and gravitas across all Lines of Defences within Global Businesses, Functions and Legal Entities within GM, USA, in relation to the management and oversight of non-financial risk
  • Providing clear delineation between accountable activities under operational and resilience risk
  • Maintaining a commercial understanding without compromising standards of internal control and organisational risk appetite in a growing and successful business
  • Adapting quickly to changing situations and influence strategies with practical, effective commercial solutions through a comprehensive assessment if the non-financial risks are perceived to exceed appetite and also aid in the mitigation of risk exposure by using a wide knowledge learned from different competitive environments, industries and experience
  • Maintaining independence of thought and lateral thinking to assist in optimising the level of business control and maximising efficiency

 

Role Context

  • The role holder will maintain close working relationship with senior stakeholders across the C-suite population

 

HSBC serves the needs of GM clients delivering innovative and integrated financial solutions. The Risk function discharges oversight on the management and monitoring of financial and non-financial risk by the businesses and their support functions.

The importance of non-financial risk and control has increased in recent years and is now the most influential subject for senior management, boards, and regulators. An organisation’s ability for effective identification, measurement and mitigation of non-financial risk will have a significant impact on the achievement of strategic objectives.

The role has direct line management but also has influence over a wider group of stakeholders and employees across the organisation.

 

Management of Risk

  • Responsible for ensuring awareness of the operational and resilience risk impact associated with the role and must act in a manner that takes account of operational and resilience risk considerations

 

Observation of Internal Controls

  • You will adhere to and be able to demonstrate adherence to HSBC internal control standards. This will be achieved by adherence to all relevant procedures, keeping appropriate records and, where appropriate, by the timely implementation of internal and external audit points, including issues raised by external regulators.

!*!

Employment eligibility to work with HSBC in the U.S. is required as the company will not pursue visa sponsorship for these positions

  • Strong level of business management knowledge
  • Strong level of risk management knowledge and relevant experience
  • Comprehensive knowledge of the external environment (risk, regulatory, geopolitical, competitor etc)
  • A BA or BS University Degree preferable in relevant discipline
  • Professional qualifications may be advantageous.

 

Key Capabilities

  • Providing Expert Advice and Robust Challenge
  • Delivering Risk Steward Policies
  • Oversee, Review, and Challenge Risks and Controls
  • Understanding and Applying Risk Management in Context

 

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.


Primary Location !*!

Employment eligibility to work with HSBC in the U.S. is required as the company will not pursue visa sponsorship for these positions

  • Strong level of business management knowledge
  • Strong level of risk management knowledge and relevant experience
  • Comprehensive knowledge of the external environment (risk, regulatory, geopolitical, competitor etc)
  • A BA or BS University Degree preferable in relevant discipline
  • Professional qualifications may be advantageous.

 

Key Capabilities

  • Providing Expert Advice and Robust Challenge
  • Delivering Risk Steward Policies
  • Oversee, Review, and Challenge Risks and Controls
  • Understanding and Applying Risk Management in Context

 

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.


Schedule North America-United States-New York-New York
Unposting Date 
Posted: 2021-07-02 Expires: 2021-08-02

HSBC offers the opportunity to develop a fulfilling career within a supportive and inclusive environment. We aim to be a place where everyone can achieve their full potential, regardless of their background.

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Operational and Resilience Risk Business Oversight Global Markets - 0000FZ3K

HSBC Bank USA
New York, United States

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