Some careers have more impact than others. If you’re looking for a career where you can make a real impression, join HSBC and discover how valued you’ll be. Whether you want a career that could take you to the top, or simply take you in an exciting new direction, HSBC offers opportunities, support and rewards that will take you further.Global Risk is a thriving and expert risk management function supporting HSBC globally with all aspects of risk management. The team actively manages a varied and dynamic range of risk types, including security, fraud, information security, contingency, geopolitical, operational, credit, pension, insurance, financial crime and regulatory compliance, market and reputation risks. All parts of the Global Risk team use their skills, insight and integrity to handle established threats and those they see emerging, acting to protect and enable HSBC to deliver sustainable growth.
Role Overview:The Risk Manager, UAE has a primary remit and responsibility to support the deployment, development, implementation, continuous enhancement and monitoring of the risk governance framework, together with supporting the remediation of operational risk issues and compliance to regulatory requirements where primary risk stewardship sits with the CRO. The job holder reports to the CRO, UAE and works closely with the lines of businesses (LoB) and Functions. The principal accountabilities of the role include:• Prepare and oversee the country Risk Management Meeting materials, document meeting minutes, and manage follow-up actions efficiently, ensuring services provided by Governance CoE are adequately provided.• Drive and support country level Risk Appetite activities, working with the Business lines, Finance, UAE CRO, DBS, Regional Enterprise Risk Management and the wider risk steward community.• Actively promote and implement risk governance activities in accordance with Group policies and regulatory standards.• Support UAE CRO with the management of relationships with external stakeholders (e.g. auditors, local regulators, rating agencies) and prepare papers for submission to various governance forum (e.g. UAE RMM, UAE ExCo, Regional RMM, Entity Board, etc.).• Support CRO in meeting defined CRO regulatory requirements including under the Credit Risk Management Standards and Model Management Standards.• Support CRO in meeting primary risk stewardship responsibilities and the management of open regulations and coordinate compliance assessment and progress tracking maintaining progress updates on RAPID2 as required in terms of implementation, compliance, progress and challenges for regulatory change implementation.• Support CRO in ensuring that policies are updated and refreshed according to new regulations and policies. • Support Head of ERM in the management of Operational Risk related issues with regards to UAE, coordinating with regional risk stewards where required. Ensure RCAs and issues are logged efficiently and in time. Challenge PTGs in place for Amber and Red ratings. • Support Senior Manager Risk UAE with the management of regulatory risks where Risk is the primary risk steward or owner.
Duties & Responsibilities:• Drive and manage the RMM meeting administration; agenda, reporting packs and minutes, to ensure timely submission of RMM pack to members.• Drive robust and appropriate practice of the risk governance framework.• Support with the UAE Model Oversight Committee (MOC) and oversee programme compliance.• Ensure that clients (both existing and proposed) and transactions meet agreed risk appetite and strategy, and regulatory requirements.• Provide appropriate model related proposals to Model oversight committee members.• Ensure and enforce timely decision-making, particularly for high risk, time-critical or sensitive issues.• Ensure that the Group is safeguarded against potential reputational, regulatory or legal damage through the timely and appropriate escalation of issues.• Support in the management and tracking of Operational Risk related issues with regards to UAE, coordinating with regional risk stewards where required.