Head of Risk Steward Oversight - Hang Seng Bank (HK)

Job description

Job description

A Career with Hang Seng Bank 

Hang Seng is committed to service excellence. Our people are our most important asset and play a vital role in our efforts to continually enhance our performance for customers and provide best-in-class products and services.  We seek to attract high-calibre talent by offering a dynamic working environment, good career development opportunities and competitive compensation packages. 

Risk and Compliance Division – Regulatory Compliance

The Regulatory Compliance function is a Second line of defence (LOD) function, responsible for reviewing and challenging the activities of the Group’s businesses (also referred to as “the First LOD”) to ensure that they effectively manage as “Risk Owners” the Regulatory Compliance risks inherent in or arising from the conduct of their activities and for which they are responsible. The Second LOD consists of 'Risk Stewards' who are independent of the commercial risk-taking activities undertaken by the First LOD. The Regulatory Compliance function is a Risk Steward for a number of non-financial risks in accordance with HSBC Group’s risk management framework. 

We are currently seeking a high caliber professional to join our department as Head of Risk Steward Oversight.

Principal responsibilities

The Head of Risk Steward Oversight for HASE HK is the senior accountable executive responsible for ensuring that for ensuring that HASE’s operations are effective in identifying, managing and mitigating Regulatory Compliance risks.  

The responsibilities of the Head of Risk Steward Oversight are to:

·  Support the Head of Regulatory Compliance in driving strategic initiatives across the function and maintain governance & oversight.
·  Assist the Regulatory Compliance function to execute its obligation to be the focal point for all activity in the Group relating to Regulatory Compliance risks.
·  Deliver an effective reporting and oversight capability which enables the functions to deliver oversight to relevant governance committees.
·  Collaborate constructively with other sub-functions to ensure that the required services are delivered as agreed and to be the focal point for engagement with other sub functions.
·  In collaboration with other teams within Risk & Compliance, develop and maintain the risk steward view of the effectiveness of the risk framework and ensure that this view is communicated consistently to relevant risk governance meetings.
·  Own and maintain the Regulatory Compliance risk taxonomy used within the risk management framework and maintain constructive relationships with other teams within Risk & Compliance.
·  Partner with the Regional & Global Regulatory Compliance teams to oversee compliance/regulatory risk.
·  Oversight and management of risk appetite reporting and provision of comprehensive analysis and insightful commentary to senior management and through governance up to and including regional and business line Risk Management Meetings and Boards.
·  Development, implementation and ongoing management of the risk appetite framework, including methodologies, processes and policies. Providing support and guidance to all branches and subsidiaries, and business lines on risk appetite matters.

Requirements

·  Seasoned professional with experience in Compliance roles, Governance or Oversight of function in Compliance.  
·  Detailed and extensive knowledge of the Group structure, its business and personnel, and corporate culture.
·  Significant experience in the financial services industry, preferably within a large financial institution.
·  Track record of delivery of significant change agenda.
·  Proven ability to manage multiple issues and priorities and demonstrated judgment and poise in challenging circumstances.
·  Lateral thinker with an ability to interpret and solve complex issues.
·  Significant leadership experience and an experienced strategic thinker.
·  Excellent communication and inter-personal skills, with experience of dealing with executives at all levels.
·  Ability to develop practical, cost effective solutions to complex global issues.
·  A legal or formal accountancy qualification or professional background in a relevant risk or audit discipline.

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