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Business Descriptors
International Wealth and Premier Banking (IWPB) provides a leading premium proposition through Premier Banking and, together with our Private Bank, are present across the world’s most important markets, booking centres, and corridors most valued by our clients. Our wealth offering is further enhanced through our best-in-class manufacturing capabilities in Asset Management and Insurance. HSBC Asset Management, the investment management business of the HSBC Group, invests on behalf of HSBC’s worldwide customer base of retail and private clients, intermediaries, corporates and institutions through both segregated accounts and pooled funds. HSBC Asset Management connects HSBC’s clients with investment opportunities around the world through an international network of offices in 23 countries and territories, delivering global capabilities with local market insight.
Job Introduction
The role is part of the First Line Risk function supporting, advising and overseeing Asset management business in India to help achieving business objectives, meet fiduciary duties to client and to comply with regulatory norms. Chief Control Office provides proactive support and guidance to management and staff across business and functional areas, to ensure that risks are effectively identified and managed in accordance with the enterprise-wide risk management framework.
The role will be critical to navigate the complex regulatory and operational risk environment in our ambitious growth efforts through various step-up activities under “Asia Wealth” Strategy as we look to accelerate our growth in the region.
Principal Responsibilities
Key responsibilities include but not limited to supporting
· Risk Advisory, risk governance and helping management in key risk-based decision making.
· Effective senior stakeholder engagement across the business lines, departments, including 2LOD Stewards and Audit.
· Assisting and advising in key transformation programmes.
· Design review of products, business proposals and other client and business initiatives and to help set up suitable operational framework for de-risked delivery.
· Pro-active, insightful and robust risk identification, review and challenge based on internal and external insights.
· Striving for continuous improvement and standardization of our processes, becoming an advocate for the adoption of Non-Financial Risk framework
· Ensure that our processes are fair to clients and can deliver consistent client outcomes.
· Assist AMIN Chief Control Office in seamless embedding of key attributes of NFR Framework which includes but not limited to promoting ownership, understanding and forward-looking view of key risks, no surprise culture and sound risk-based decision making for sustainable growth.
· Drive and maintain high standards of risk governance within first line and identify key gaps in the, navigate complex metric environment to agree actions to close the gap, help AMIN CCO to de-risk, raise dispensation or risk accept etc.
· Build continuous assurance on key vectors of risks and remain SME on Business process outcomes, Group policies on those process and lead and support on key deliverables of framework like RCAs, KRIs, CMAs etc.
· AMIN has been through one of the most complex business integration and the incumbent is expected to be in middle of all the activities, deliveries, have 360 degree view and have an extra ordinary ability to deal with people, many a time who are new to HSBC to sell, advise on risk proposition.