Business Risk Control Manager

Job description

The Regional Business Risk Control Manager Europe role is based within Global Trade Receivables Finance in Commercial Banking.
 
Global Trade and Receivables Finance (“GTRF”) is responsible for core trade services, receivables finance, commodity and structured trade finance and forfaiting businesses across 65 countries with a plan to grow the business significantly in the next three years. GTRF is housed under Commercial Banking “CMB”) of the HSBC Group.
Within GTRF Commodity Structured & Trade Finance (“CSTF”) has been identified as a key initiative and contributor to achieving the Group’s targets and cementing GTRF’s position as the number one trade and receivables finance bank in the world.
Commodity & Structured Trade Finance (CSTF) is a key strategic customer proposition for the HSBC Group also bearing in mind that 30% of the world trade is related to commodities trading.
Currently CSTF is active in 13 countries with other operational entities to be opened in 3 additional countries in 2016.
CSTF requires a high level of specialism whereby the aim is to finance the entire supply chain of a commodity which essentially is the trade flow from a raw material supplier up and until the end manufacturer. The enity comprises of international commodity experts
ranging from Business Development, Transaction Management, Commodity Finance Risk Management and CSTF Product.
CSTF is a relatively new entity within the GTRF department, but has grown rapidly in the last few years. The ambition of the Group to let CSTF grow further requires the business to have its own robust risk and control framework which is essential to ensure a balanced growth. Therefore a Business Risk Control Management (“BRCM”) framework is essential to accommodate the business.
Business Risk Control is a mandatory requirement for all business and functional entities in the Group a part of which is the Business Risk Control Management teams. The GTRF BRCM team consists of a global team, six Regional teams and a network of country level BRCMs in the key Leading Internal Business sites (of which this role is part). BRCM CSTF will be functionally
housed within BRCM GTRF.
This role is an important part of the first line of defense i.e. within and for the business where the main mission is to build, expand, roll out and manage the Business Control function for the commodities trade finance business of the bank in conjunction with the
Global Lead of CSTF BRCM and other key BRCM GTRF stakeholders. This position will be part of a growing business and the jobholder will contribute to building the essential BRCM function to ensure the business is in control from a risk (operational, compliance, credit, reputational) perspective.
 
Responsibilities will include and not be limited to:

Proactive participation in the development and application of a BRCM plan for CSTF.
Ensuring that CSTF has a robust and compliant Business Risk Control capability at a regional/ (satellite) country level. This activity covers all aspects of CSTF delivery through Business Development, Transaction Management, Commodity Finance
Risk Management and CSTF Product.
Provide leadership, coordination and expertise to the region/country business so they are able to deliver a robust BRCM capability for CSTF.
Direct responsibility for business risk compliance with Local and Group Standards as well as regulatory and Group Audit requirements in respect of business risk control.
Ensuring that controls are operating effectively through liaison with regional BRCM GTRF and coordination of control testing activity in the country liaising with country business risk teams in CMB, HSBC Technology Services and Centres of Excellence (as appropriate).
Provision of key controls information and indicators for GTRF/CSTF BRCM and country business management as required.
Provide a reference point and source of expert guidance in TRF matters (including complex trade deals) within the country.
Commodities Structured Trade Finance is strategically very important to the Group. Candidate will have opportunities for international travel with the International nature of Commodities Trading.
 
Your responsibilities will include:
 
Impact on the Business

Personal responsibility for application and scoping of global generic Risk Control Assessments within the region/country (if in scope) for CSTF business areas.
Drive the implementation of the BRCM structure and disciplines in the region/country.
Conduct and lead country specific themed control reviews and participate in global or regional exercises as required.
Drive the implementation of robust and auditable regional/ country BRCM.
Customers / Stakeholders

Builds networks across functions and customer groups to provide expertise and implement BRCM capability.
Drives best operational practice through BRCM activity, themed reviews, liaison with other functional areas and GTRF business management.
Drives effective BRCM capability resulting in clean audits and ORIC reviews and reduced losses and incidents.
Provides expert opinion and input on all related CSTF matters.
Leadership & Teamwork

Delivery of results through teams not directly managed (other global business and functional control teams).
Coordination with multi disciplined review teams incorporating other BRCM functions and business management secondees.
Use of professional knowledge and experience to provide support and guidance on specific areas
Operational Effectiveness & Control

Effective management and implementation of country BRCM plans
Effective management and implementation of country Risk Control Assessments
Effective implementation of BRCM role and improved control environment
Provision of expert support and guidance to the business

Desired profile

The ideal candidate for this role will have:

Relevant product knowledge including knowledge of Extensive Commodities experience
Availability to undertake the travel required for this role, i.e. Some International travel required.
Past working experience in a relevant role, i.e. Audit / Risk / Control is desirable but not essential
A flexible and adaptable approach to change and will support others to respond in a similar way
Set and achieved challenging short, medium and long term goals which exceeded the standards in their field
Excellent written and spoken communication skills; an ability to communicate with impact, ensuring complex information is articulated in a meaningful way to wide and varied audiences
Built effective networks across business areas, developing relationships based on mutual trust and encouraging others to do the same 
A track record of making complex business decisions with authority, even in times of ambiguity, considering the potential long term risks and implications
Promoted and led best practice in risk and compliance management in a similar organisation
The base location for this role is London.
 
At HSBC we are open to different ideas and cultures, connected to our customers, communities and each other and dependable by doing the right thing. These are the values that guide us every day and we seek to recruit people who share these values. We are also committed to increasing opportunities for our employees to work flexibly and welcome job share or flexible working applications.
 
Key search words: BRCM, Risk, GTRF, CSTF

About HSBC

HSBC est l’une des plus grandes banques internationales avec une présence dans plus de 85 pays dans le monde. Elle a été créée en 1865 sous le nom de « The Hongkong and Shanghai Banking Corporation », et son siège social est basé à Londres. En France, HSBC totalise environ 400 agences et près de 10 000 salariés, avec une spécialisation dans plusieurs activités : une banque pour les particuliers, spécialisées notamment dans la gestion de patrimoine, une banque privée (gestion de fortune), une banque d’entreprises, qui s’appuie sur le réseau de l’ensemble du groupe HSBC dans le monde, et une banque de financement, d’investissement et de marchés. En 2012, HSBC France a réalisé un résultat avant impôt de 450 millions d’euros.