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We are currently seeking an experienced professional to join the WPB team.
Role Purpose
To contribute towards building sound asset quality and a resilient credit culture at INM Business Banking (BB) by ensuring that the credit approval process is responsive to customer needs, and within HSBC’s prudent framework. The job also encompasses credit assessment for domestic & cross border project finance, capital market transactions, TRY driven business and new product plans for BB business, implementation of new projects undertaken by INM RISK. The job holder is also responsible for monitoring of early warning signals in the form of exceptions in account conduct, financials as well as other external data and taking/recommending appropriate steps.
Principal Accountabilities:Key activities and decision making areas
Impact on the Business
·Promote strong asset quality
·Contribute to the growth of business and work to high levels of customer service standards
·Protect the Bank from potential loss on the credit portfolio.
·Safeguard the Bank from regulatory strictures / penalties and potential loss.
Improve the quality of credit evaluation, and inject objectivity and consistency into the financial analysis.
Customers / Stakeholders
·Ensuring customer groups understand, accept & implement policies and thresholds & incorporate risk issues as integral to all activities
·Updating executive management of risk performance through RMC / related governance. Provide relevant MI reports/ad hoc reports to APH / Group Risk.
·Manage relationship with regulators, auditors, rating agencies, industry bodies, where necessary.
Leadership & Teamwork
·Work effectively with the Country Risk Team and in country business/functional teams.
·Ensure strong communication with counterparts in the region (both at APH and with other large HBAP sites)
Operational Effectiveness & Control
Major Challenges
Business Banking business segment is a part of CMB business segment in INM which is large and profitable business, given the book size and number of counterparties, moving quickly forward in the development of its lending book is key growth driver for INM. Externally, increased competition from other banks will test INM’ s capabilities to meet an increasing array of corporate requirements. The key challenges for the job holder will be:
·To manage counterparty credit approvals within aggressive timelines.
·To understand the various product risks within wholesale banking and improve upon the reporting/monitoring of such risks by adoption of procedures that will reflect the exposure of the Bank to such risks.
·To function in a well-integrated manner with the BB Relationship Management teams so as to be able to anticipate their future requirements and address workflow / knowledge development issues proactively
·To support the business growth for BB business segment, which is critical business for achieving its growth objectives, by establishing a well-controlled risk environment which also is flexible enough to support rapid approval decision process and new product / initiatives development.
Role Context
HSBC Group’s organizational structure for risk management segregates risk assessment and the approval process from the line management, with a view to delegating higher levels of approval authorities to Risk units so that these units are more responsive to customer needs. INM Risk is required to provide an objective analysis of the individual credit and ensure that the lending is in consonance with the overall Group Strategy and Lending Guidelines.The Risk unit must ensure that its summary proposals reflect accurately and succinctly the underlying risk / reward issues and APH / Group Risk receive all necessary inputs for the approval process.
The jobholder is required to undertake counterparty credit approval and provide oversight on wholesale credit risk. The environment is characterized by change and development. Accordingly, the jobholder is expected to exercise a substantial degree of initiative and lateral thinking in order to develop solutions to problems that may have not been addressed or envisaged by existing regulations. The jobholder is expected to function independently while referring matters of policy or significant importance to his superiors, making appropriate recommendations and implementing practical solutions rather than simply identifying problems.
The scope of the job is wide, encompassing risk assessment across the broad spectrum of customers across business linesand products (all wholesale credit products) The job-holder must have knowledge of the developments in the various financial markets, the rules and regulations relating not only to his area of operation but to other allied functions, and experience in dealing in a complex, dynamic environment. The job-holder is required to ensure that the associated risks with new products being launched are accurately assessed, captured, and managed on an ongoing basis.
Management of Risk
·Maintain awareness of risk and minimize the likelihood of it occurring through its identification, assessment, mitigation and control.
·Adheres to processes and controls to identify and mitigate risks and ensures timely escalation of control issues and reputation risks.
Observation of Internal Controls
Maintains HSBC internal control standards and addresses audit points and/or any issues raised by regulators in a timely manner.