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Risk and Compliance is a global function that brings together all aspects of regulatory and financial crime risk management. Acting as risk stewards, and incorporating a range of specialist teams, we work together with the business and leverage advanced technology to help HSBC navigate a complex regulatory landscape and embed a sustainable approach to compliance risk management that supports safe growth and ensures fair outcomes for clients. Compliance aspires to continuously raise the bar and set leading standards across the industry to help HSBC safeguard its customers and the communities within which it operates.

The incumbent is responsible for ensuring that INM Risk Infrastructure and portfolio tracking framework is always fit for purpose. This includes all models, scorecards and frameworks used at different stages of the credit cycle. The incumbent will also be responsible for managing all audit requirements, around portfolio delinquency management, models and frameworks including Regulatory audits. The incumbent will manage the annual AFI from a portfolio risk, model risk perspective, provide appropriate assurance on all analytics and data related to credit bureaus.

a) Manage all Regulatory requirements from a portfolio/model management framework perspective.

b) Manage RBI AFI from a Portfolio/Model Risk perspective.

c) Monitor the performance of all the retail assets book, scrore-cards, frameworks and model used WPB Risk - acquisition, portfolio, stress testing, IFRS-9.

d) Manage annual Regulatory Stress testing exercise - EWST. Suggest overlays where needed.

e) Support RRA in developing new strategy, scorecard, tiers and risk grades and monitoring performance of existing ones.

f) Ensure that risks in unsecured book are identified and tracked against appetite. Any breaches on performance, caps and triggers have to be immediately highlighted/remediated.

g) Ensure that risks arising out of defects in models, frameworks etc are mitigated using appropriate process overlays if possible.

h) Responsible for all bureau related analytics, partner with credit bureaus to test new scores and products.

i) Partner with various stakeholders to ensure bureau information is embedded in policies and risk management frameworks.

j) Ensure portfolio reviews (scrubs) are done at appropriate frequency and this information is fully utilised in decision making.

k) Manage monthly impairment overlays and monitor the provisioning process to ensure that adeuqate loss cover is available at all times.

l) Work with GAC and sherwood teams in monitoring and refresh of sherwood models for all products.

m) Work with product risk teams to ensure that sherwood is embedded in risk decisions.

Principal Accountabilities: key activities and decision making areas

Impact on the Business/Function

Ensure the following -

· Validate portfolio outcomes against stated appetite, highlighting optimization requirements on an ongoing basis.

· Validate outcomes from models and frameworks on an ongoing basis, test alignment with business strategy and look for swap-in/swap-out against risk appetite.

· Model Validations – on an ongoing basis, determined by business strategy and as required by relevant FIM/RG and regulatory requirements.

· Accountable for successful completion of annual projects such as –

a) Sherwood

b) Regulatory EWST

· Accountable for Bureau usage and accuracy

Typical Targets and Measures

• Performance in GIA and RBI inspections.

• Feedback from internal stakeholders.

Timely overlays where required

Customers / Stakeholders

· Regulatory Stress Testing to INM CRO/CFO.

· Models and Frameworks to Head INM WPB Risk and Head Retail Assets

· Bureau - Head INM WPB Risk and Head Retail Assets

Typical Targets and Measures

• No adverse feedback from stake holders about quality of reporting

Comments during GIA and RBI audits.

Leadership Teamwork

• Support achievement of the HSBC vision, values, goals and culture in personal behaviour, actions and decision making.

• Share best practices and encourage others to do the same in the best interests of HSBC and its customers.

• Take personal responsibility for understanding and agreeing performance expectations, completing the necessary mandatory training and developing the levels of capability and competence needed to be effective in the role.

Contribute to team effectiveness and success by sharing knowledge and good practice, working collaboratively with others to create a productive, diverse and supportive working environment.

Typical Targets and Measures

· Effective co-ordination of new initiatives / requests proactively

· Maintain clear and effective communication with internal and external customers

Operational Effectiveness Control:

• Maintain a robust and efficient control environment across specialist area to ensure good operational, financial and compliance with HSBC policy and procedures, together with early identification and effective resolution or escalation of issues that arise.

Contribute to the implementation and monitoring of the application of policies, governance frameworks, procedures, practices and standards to ensure quality, effective risk management and regulatory compliance.

Typical Targets and Measures

· Support and embed best practice management and procedures in own business area

· Appropriate governance process is documented and adhered to

· Deliverables meet global standards and regulatory requirements

· Satisfactory internal and external Audit

Management of Risk

· The jobholder will ensure the fair treatment of our customers is at the heart of everything we do, both personally and as an organisation.

· This will be achieved by consistently displaying the behaviours that form part of the HSBC Values and culture and adhering to HSBC risk policies and procedures, including notification and escalation of any concerns and taking required action in relation to points raised by audit and/or external regulators.

· The jobholder is responsible for managing and mitigating operational risks in their day to day operations. In executing these responsibilities, the Group has adopted risk management and internal control structure referred to as the ‘Three Lines of Defence’. The jobholder should ensure they understand their position within the Three Lines of Defence, and act accordingly in line with operational risk policy, escalating in a timely manner where they are unsure of actions required.

This will be achieved by:

· Continuously reassessing risks associated with the role and inherent in the business, taking account of changing economic or market conditions, legal and regulatory requirements, operating procedures and practices, management restructurings, and the impact of new technology.

Ensuring all actions take account of the likelihood of operational risk occurring, addressing areas of concern in conjunction with Risk and relevant line colleagues, and also by ensuring that actions resulting from points raised by internal or external audits, and external regulators, are correctly implemented in a timely fashion.

Observation of Internal Controls

· The jobholder will adhere to, and be able to demonstrate adherence to, internal controls and will implement the Group compliance policy by adhering to all relevant processes/procedures.

· The term ‘compliance’ embraces all relevant financial services laws, rules and codes with which the business has to comply. 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.

· The following statement is only for roles with managerial or specific Compliance responsibilities: The jobholder will implement measures to contain compliance risk across the business area. This will be achieved by liaising with Compliance department about business initiatives at the earliest opportunity. Also and when applicable, by ensuring adequate resources are in place and training is provided, fostering a compliance culture and optimising relations with regulators.

Local Job Requirements

Job Dimensions

· Responsible for appropriate outcomes on portfolio losses vs appetite, models and frameworks used by INM Risk

· Responsible for managing relationship with RRA, GAC for all INM WPB Risk analytics

· Responsible for managing yearly RBI audits – EWST, Bureau etc.

· Ad-hoc query management from regulators and stakeholders around model risk and bureau usage.

· Responsible for all IFRS 9 outcomes from a ECL sufficiency perspective.

Job Context

· INM Retail Assets are on a growth path and the FRP ha ambitious targets around acquisition of both secured and unsecured assets.

· Inadequate risk infrastructure can result in the bank loosing competitive advantage in the market.

· Regulatory oversight has increased substantially over the last few years and skilled personnel are needed to manage risks from models and bureau.

Major Challenges:

• Effective interpersonal skills required to coordinate with a large number of stakeholders in the day-to-day work of the job. Be able interacting with managers much senior than the jobholder

• Knowledge and experience required to effectively analyse the risk in lending portfolios.

• Knowledge on regulatory requirements is required.

• To have the resilience to work under pressure – prioritise effectively.

Typical Targets and Measures