Wholesale Credit Risk Controls Manager

HSBC Innovation Banking is the power behind the UK's forward-thinkers, future-makers, and leap-takers, helping them ignite the bold ideas that reshape our world. We offer flexible banking solutions for start-ups, scale-ups, growth businesses, investors and those working towards IPO typically within the technology and life science sectors. Whether it's comprehensive banking, managing cashflow, plans for buyouts or Strategic Fund Solutions, we power ideas at every stage of their journey. From the first-time founders to the funds that back them, and everything in between. We're proud to accelerate growth for our clients, create meaningful connections and communities, and open a world of global opportunity for entrepreneurs and investors alike.

Here's to never standing still. Come and join us!

Reporting to the Senior Business Risk & Control Manager, the Business Risk Manager, Wholesale Credit Risk, will focus on partnering with the business to actively identify and manage Wholesale Credit Operational Risk. The role will partner with senior business leads in relation to control management and will be expected to collaborate effectively with controls colleagues based in the UK, elsewhere and more broadly HSBC to support and promote excellence in risk management within our first line of defence.

Reviewing client relationships that meet HSBC Innovation Banking high risk business categories and geographies

Supporting all aspects of the Non-Financial Risk Management Framework for the front-line teams to which they are aligned, with a specific focus on WCR.

Provide Challenge and support to Senior Stakeholders within front line teams (including Heads of Business Lines) over the effectiveness of their control effectiveness.

Deliver all aspects of the Non-Financial Risk Framework and other risk management frameworks, guides and tools.

Support on the embedding of the Wholesale Credit Risk (WCR) Risk Taxonomy and Control Library (RTCL) and BAU activity across HSBC Innovation Banking.

Being a subject matter expert on WCR and, control and process topics, advising HSBC Innovation Banking Business management and CCO in order that they fulfill their obligations under the financial (as the framework evolves) and NFR framework.

Lead work with the 1LoD teams to deliver Risk and Control Assessments (RCAs) for aligned teams.

Develop and present summary submissions on wholesale credit risk and controls to HSBC Innovation Banking formal committees.

Act as trusted advisor for the 1LoD for their aligned teams on how to manage their non-financial risk and all items related.

Undertaking control environment reviews to identify thematic issues and supporting the development of associated remediation plan.

Coordinating the Read Across process across HSBC Innovation Banking to ensure the impact, if any, of material non-HSBC Innovation Banking incidents and events is understood.

Responsible for the development and analysis of management information providing insights to identify emerging issues that may impact the risk landscape and elevate as appropriate.

Work with colleagues exercise controls monitoring over WCR controls.

Work with the business to develop and execute control monitoring plans to ensure effective management of the L3 risk type.

Execute detailed control activity (e.g. review of applied credit limits) to ensure effective management of WCR.

Work with colleagues in the Controls function and the business to assess control adequacy & effectiveness.

Drive remediation actions for control deficiencies through risk events and risk issues. Track progress, re perform tests with colleague support and elevate as appropriate.

Monitor adherence to risk policies, standards and procedures.

Drive appropriate and measured response to Internal Audits and Compliance Monitoring reviews.

Provide value add, proactive guidance, support and advice in relation to risk management and control.

Provide risk management training as appropriate.

Solid experience of Wholesale Credit Risk.

Knowledge of Corporate Banking products and operations would be a bonus.

Good understanding of EUC management frameworks.

Significant experience in risk management and reporting with the ability to operate across a broad array of stakeholders.

Prior relevant experience in a global financial organisation.

Ability to work with operational, functional and change teams to implement risk management solutions in a dynamic environment.

An understanding of change frameworks and how risk management can be integrated effectively into change.

Our home office in Finsbury Square, London. We offer hybrid working to our employees, so you can flex between home and the office, with a current requirement to be in the office 2 days per week.

Being open to different points of view is important for our business and the communities we serve. At HSBC, we're dedicated to creating diverse and inclusive workplaces - no matter their gender, ethnicity, disability, religion, sexual orientation, or age. We are committed to removing barriers and ensuring careers at HSBC are inclusive and accessible for everyone to be at their best. We take pride in being a Disability Confident Leader and will offer an interview to people with disabilities, long term conditions or neurodivergent candidates who meet the minimum criteria for the role.

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