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 Associate, Product Risk is responsible for supporting the Regional Head of Product Risk in ensuring that the product governance framework is adhered to within the Corporate and Institutional Banking (CIB) business.

The Markets and Securities Services (MSS), Non-Financial Risk (NFR) team is a function that sits within the MSS Front Office and is present in all regions that HSBC operates global markets business activity. The NFR team helps manage and control both existing and new risks in the business, including but not limited to operational, conduct and product lifecycle risk. An overarching purpose of the function is to protect HSBC, its people, clients and financial markets by helping to safeguard the delivery of fair outcomes to our customers and avoiding disruption of the orderly and transparent operation of financial markets.

The Product Risk team sits within the MSS, NFR team overseeing the entire lifecycle of the product, from its introduction to feeding into the sales suitability journey. The role for the Americas region is based in the New York City office, overseeing the product lifecycle in Brazil, Chile, Mexico, Uruguay and the United States for CIB business lines.

As our Associate, Product Risk you will:

Develop an understanding of global market products, the regulatory environment that oversees them and how they are risk managedProvide guidance, with direction from the manager to the CIB-MSS Desks across our sites to ensure awareness of product governance requirements for new products, variations to existing products, individual transaction approvals for structured trades when required as well as significant changes to processes or systemsSupport the Regional Product Risk Head in the preparation and coordination of stakeholder meetingsEnsure that documentation standards are followed, and incremental risks associated with the activity and any feedback and conditions raised by control groups and risk stewards are understood and presented to management prior to final approval being grantedWork with the relevant Businesses and Market Risk to provide governance for changes to permissions related to the trading desk’s permitted product listsAdminister post execution reviews on recent product/service deliveries and conduct ongoing product reviews to ensure product offerings on the shelf at HSBC remain fit for purpose, are being sold to appropriate client sectors and remain within HSBC’s risk appetiteBuild and maintain strong relationships with asset class business partners (e.g. Trading, Sales, Chief Operating Officers (COOs), Business Managers, NFR team members), risk stewards’ / control groups (e.g. Regulatory and Financial Crime Compliance, Legal, Traded Risk, Product Control) and our global product risk team in the United Kingdom, Hong Kong, and BangaloreProduce accurate Management Information related to the Product Risk processes used for internal product governance meetings as well as meetings with external parties (e.g. regulators, auditors) and producing accurate and detailed records of internal governance meetingsDevelop an understanding of how initiatives are assessed using our Enterprise-Wide Risk framework, over time being able to provide guidance to the Business and risk stewards as needed and of the Group level, MSS and local site policies and procedures with respect to product governance

For this role, HSBC targets a pay range between $100,400.00 and $150,600.00

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.