Director, Business Risk, Credit and Capital Management Product Coverage

HSBC • Chicago, IL

14d

About The Position

In compliance with applicable laws, HSBC is committed to employing only those who are authorized to work in the US. HSBC may engage in immigration sponsorship for this position if needed.
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.
If you are seeking new opportunities to advance your career, HSBC offers an environment where you can realize your potential. Our Corporate and Institutional Banking division is focused on providing market-leading, finance-driven solutions for our clients. Leveraging our international network, we connect both emerging and established markets, supporting key growth sectors. We work closely with corporate, government, and institutional clients to help them achieve sustainable, long-term success. Our comprehensive suite of products and services includes advisory, financing, prime services, research and analysis, securities services, trading and sales, and transaction banking.
The mission of the Business Risk team is to enable safe and sustainable growth for Corporate and Institutional Banking (CIB). We achieve this by managing risk effectively, safeguarding both HSBC and our clients, and empowering our teams to excel. Our approach aligns risk management with business strategy, invests in our people through coaching and development, and enhances efficiency by streamlining processes and embracing automation. We prioritize collaboration, with clearly defined roles and shared objectives, and are committed to a customer-centric culture where responsible conduct and risk ownership are recognized and rewarded.
We are seeking a Director to join the Business Risk team, overseeing Credit and Capital Management (CCM) activities within the relevant region (Americas) across all pillars across CCM Services and the Business Credit Office (BCO). CCM is on a multi-year transformation across systems, people and processes.

Requirements

• Have a strong understanding of lending products and credit risk. Ability to identify both existing and emerging risks that will impact our ability to service our clients
• Have familiarity with the lending journey, from origination, due diligence, credit approvals, client and portfolio monitoring and distribution
• Be aware of the external environment, including regulatory, compliance, ESG and political factors
• Have previous experience in risk management within a complex, multicultural organisation
• Ability to present complex issues clearly and confidentially to executives and regulators, using straightforward language suitable for a global audience
• Have an exceptional relationship management, collaboration, and influencing skills
• Proven decision-making ability, especially under pressure
• Experience building senior relationships through effective communication, influence, and negotiation
• Initiative and a proactive approach to problem-solving
• Have expertise in risk and control management
• Ability to distil complex information into clear, actionable recommendations
• Be skilled at identifying, assessing, and communicating the need for risk management interventions in a fast-paced environment
• Ability to translate strategy into actionable plans
• Be committed to delivering the highest standards and embedding them within the team
• Set ambitious goals for self and team, delivering with determination
• Make decisions that protect and enhance HSBC’s values, reputation, and business
• Have an outstanding interpersonal and communication skills, with experience working across cultures and at all organisational levels
• Have practical experience in business transformation initiatives

Responsibilities

• Drive and implement a consistent, forward-looking approach to end-to-end risk management, both regionally and globally, in line with HSBC’s risk management framework
• Collaborate closely with Business Risk teams and CCM teams across regions, providing senior subject matter expertise in areas such as Operational Risks, Regulatory Compliance, Resilience, and Financial Reporting Risk, ensuring we meet the expectations of regulators, stakeholders, and shareholders
• Provide daily oversight on risk and control matters, and constructive challenge to business leaders and risk owners
• Deliver a robust Business Risk agenda in a complex regulatory environment, supporting sustainable growth and increased technology adoption at pace
• Ensure proactive management of both financial and non-financial risks, adhering to the CCM organizational design and Business Risks framework
• Be a key contact point for escalations within the region, ensuring visibility of the issues and facilitiating remediation if needed
• Drive the automation and simplification of the end to end control framework protecting CCM processes and products
• Oversee day-to-day risk operations, ensuring the adoption of globally consistent policies and practices across CCM and sub value streams in the region
• Work with Global, Regional and Market CCM Leadership to manage compliance with all relevant policies, laws, and regulations, including local regulatory requirements and changes
• Work with the Global CCM Business Risk Team to align with global strategy, collaborating with regional stakeholders across the CCM and CCM COO including Business Credit Office, Transaction Services (Operations), Product Management, Design and Innovation, Data Management and Control, Sub Value Stream Transformation Teams, Strategic Origination, Balance Sheet Velocity and Portfolio Management
• Establish and lead governance frameworks to ensure that risks and issues are understood, escalated and resolved appropriately
• Facilitate the management of Risk Assessments, Control Monitoring, Issues and Actions, ensuring timely and effective remediation
• Ensure comprehensive end-to-end risk and control coverage including ensuring key processes are demonstrably resilient
• Support audit & MSII read across and identify areas where a consistent remediation approach can be applied across the region/globe
• Drive audit recommendations and maintain satisfactory audit outcomes across CCM in the region
• Support and develop training and education for the Business Risk team and CCM on risk matters
• Oversee risk management, audit, and control governance matters, ensuring frameworks and escalation paths are clear and effective
• Identify and proactively manage risks related to changes in services, products, processes, and systems
• Oversee the production of risk and control management reports, presenting findings and recommendations to senior audiences
• Promote awareness and engagement in risk activities, ensuring risk is considered in all decision-making
• Educate management on the overall health of the control environment
• Develop and implement a strong people strategy, ensuring team engagement and support
• Deliver efficient processes and engagement models across CIB and CIB COO
• Partner with and constructively challenge risk oversight functions, Internal/External Audit, third-party control owners, and Risk Stewards
• Assess and build the capabilities required to enhance the risk and control environment across CCM in the region
• Lead, motivate, and inspire a team of risk specialists
• Manage relationships with Regional Leadership Teams
• Lead risk and control activities across CCM
• Make decisions that uphold and enhance HSBC’s values and reputation
• Serve as a role model for a positive internal risk and control culture
• Provide thought leadership and foster a positive people agenda
• Engage with peers in the global and regional teams to share best practices and tackle and solve shared problems through collaborative working. While regional in focus, there are opportunities to deliver change/capabilities globally

Benefits

• As an HSBC employee, you will have access to tailored professional development opportunities to ensure you have the right skills for today and tomorrow.
• We offer a competitive pay and benefits package including a robust Wellness Hub, all in a welcoming and inclusive work environment.
• You will be empowered to drive HSBC’s engagement with the communities we serve through an industry-leading volunteerism policy, a generous matching gift program, and a comprehensive program of immersive Sustainability and Climate Change Initiatives.
• You’ll want to join our Employee Resource Groups as they play a central part in life at HSBC, including the development of our employees and networking inside and outside of HSBC.
• We value difference.
• We succeed together.
• We take responsibility.
• We get it done.
• And we want you to help us build the bank of the future!

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: No Education Listed