Vice President, Rbwm Risk and Control

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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.

Wealth and Personal Banking is our new global business combining Retail Banking and Wealth Management; and Global Private Banking, to become one of the world’s largest global wealth managers with USD1.4 trillion in assets. Across Asia, where wealth pools are growing faster than in any other region, HSBC’s wealth revenues grew 12% in 2019 (year-on-year) to USD5.7 billion. Our dedicated colleagues serve millions of customers worldwide across the entire spectrum of private wealth, ranging from personal banking individuals and families, through to business owners, investors and ultra-high-net-worth individuals. We provide products and services such as bank accounts, credit cards, personal loans and mortgages, as well as asset management, insurance, wealth management and private banking, that best suit our customers’ needs.

We are currently seeking a high calibre professional to join our team as a **Vice President, RBWM Risk AND Control - RBWM CCO.**

**Principal Responsibilities**
- Lead the First Line of Defence Risk Management Framework for SGH WPB
- The First Line of Defence Framework includes all Risk & Control related tasks including developing appropriate Risk Control Assessment (RCAs), Control Monitoring Assessment (CMA), Key Risk Indicator (KRIs), Risk Appetite and the Management Information (MI) and Reporting thereof by which the BAU monitoring can be well managed
- Information and Cyber Security risks from a FLOD perspective are managed through the set up of an appropriate Cyber, Information & Technology Risk Office (CITRO) structure
- The unit provides oversight over the control and risk assessments, and monitoring in country
- Reporting and oversight including governance at applicable risk forums
- Under these various FLOD activities umbrella, the Head of Risk & Control will lead a central team to manage the activities effectively and efficiently
- Work jointly with the Non-Financial Risk (NFR) lead to implement the new Operational Risk framework and thereafter integrate the output back into the WPB BAU Risk Framework

Requirements

**Requirements**:

- Be an experienced individual to lead / influence the R&C and the broader WPB team
- Establish appropriate operational controls based on risk assessments to ensure that the Group’s Operational Risk Management Framework is met and fully adhered to
- Ensure sound processes are in place to minimize operational risk in the WPB business and form adequate control in the ‘First Line of Defence’
- Implement Risks and Control Framework including control monitoring plans
- Execution of the Risk Assessment Process: RCA scoping, refresh RCA assessments, risk appetite statements
- Drive best operational practice through Risk & Control activities, thematic reviews, liaison with other functional areas and WPB business management
- Provide coordination and expertise to business teams to ensure robust Risk and Control capabilities within WPB
- Build a strong and capable Risk and Control team
- Work closely with the business and senior leaders in WPB globally, regionally and in-country
- Work closely with global leads from the other business and functional CCO teams
- Work closely with individuals from the Second Line of Defence and Third Line of Defence Teams to manage the overall risk environment adequately

To be considered for this role, the relevant rights to work in Singapore is required.

**You’ll achieve more when you join HSBC.**

Issued by The Hongkong and Shanghai Banking Corporation Limited.