Risk Manager, UAE

Job description

Job description

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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.

Requirements

Experience & Qualifications:
•    Have a university degree in Islamic Shariah or relevant specialization.
•    Senior stakeholder engagement exposure and committee experience.
•    Excellent articulation and presentation ability, especially of complex subjects and implications to audiences with varying degrees of familiarity.
•    Proven ability to operate across multiple regions in a large bank by building networks and leading teams that may not be directly managed.   Ability to manage multilaterally. 
•    A comprehensive understanding of reputational and financial crime risk based on significant experience.
•    Proven capacity to identify, assess and mitigate and/or control reputational risk.
•    Good oral and written communication, including the capacity to articulate often complex, controversial and subjective issues to a wide range of stakeholders.
•    Strong interpersonal skills to build rapport and strong working relationships with a range of stakeholders.
•    Understand and interpret complex business requirements and priorities competing demands.
•    Demonstrated ability to assess Risk trends, both internally and externally.
•    Ability to work and thrive in a fast changing, results driven environment and to remain effective under pressure with exceptional drive and commitment.
•    Commercially minded; customer focused.
•    Ability to highlight problems but more importantly offer solutions, and drive through their execution in a collective environment.
•    Strong analytical skills to grasp, consolidate and distil diverse and complex sources of information.
•    Ability to exercise sound judgement in escalating decisions where appropriate. 

For further details and application information please visit our careers site.

We support our staff to adopt flexible and alternative ways of working where possible, including working from home and different hours subject to approvals.

HSBC is committed to building a culture where all employees are valued, respected and opinions count. We take pride in providing a workplace that fosters continuous professional development, flexible working, and opportunities to grow within an inclusive and diverse environment. 
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Issued by The Hong Kong and Shanghai Banking Corporation Limited.