Vice President, Special Credit Unit - Global Functions

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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, 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.

We are currently seeking a high calibre professional to join our team as a Vice President, Special Credit Unit.

Principal Responsibilities

Impact on the Business / Function

• Timely identification of early warning signs and taking prompt actions to mitigate our risk
• Where NPL occurs, to take appropriate actions and engage with relevant stakeholders to minimize loss and maximize our recovery
• Compliance of Group’s risk strategy and policy so as to effectively manage risks and ensure compliance with regulatory requirements
• Portfolio reviews

Customers / Stakeholders

• Monitoring and reporting of credit quality of the Bank’s lending portfolios including identification of emerging risks and recommendations of mitigating actions
• Safeguarding the Bank from credit losses via prompt identification of potential problem accounts through the development and implementation of an effective early warning signs monitoring process (through WWM) and keeping abreast with market developments so that potential problem accounts are identified at an early stage for appropriate account strategies to be promptly implemented
• Maximizing recoveries on CRR 8/9/10 accounts by recommending, and implementing recovery strategies including imposing debt repayment schedules, asset sale / security realization and legal actions for high risk and delinquent accounts. To be able to effectively lead and influence multi-banks work-out situations so as to maximize recovery to the Bank
• Educating RMs on new risk parameters under Basel, IFRS 9 and sharing lessons learnt

Leadership and Teamwork

• Working closely with Wholesale Credit Approvers, LGA, Operational Risk and other departments in CMB and GB on risk related matters
• Effective delegation of responsibilities and provision of guidance, counselling and identification of training needs of graduate analysts and interns especially through the appraisal process

Operational Effectiveness & Control

• To ensure compliance of: Group internal controls, Regulatory & Compliance matters
• Maintain awareness of operational risk and minimize the likelihood of it occurring including its identification, assessment, mitigation and control, loss identification and reporting in accordance with Group Operations FIM
• To establish and maintain contact with legal and accounting professionals and with investors and debt traders

Management of Risk

• The jobholder will ensure the fair treatment of our customers is at the heart of everything we do, both personally and as an organisation
• This will be achieved by consistently displaying the behaviours that form part of the HSBC Values and culture and adhering to HSBC risk policies and procedures, including notification and escalation of any concerns and taking required action in relation to points raised by audit and/or external regulators
• The jobholder is responsible for managing and mitigating operational risks in their day to day operations. In executing these responsibilities, the Group has adopted risk management and internal control structure referred to as the ‘Three Lines of Defence’. The jobholder should ensure they understand their position within the Three Lines of Defence, and act accordingly in line with operational risk policy, escalating in a timely manner where they are unsure of actions required
• Through the implementation the Global AML, Sanctions and ABC Policies, supporting Guidance, and Line of Business Procedures the jobholder will make informed proposals in accordance with the core principles of HSBC's Financial Crime Risk Appetite

Observation of Internal Controls

• The jobholder will adhere to, and be able to demonstrate adherence to, internal controls and will implement the Group compliance policy by adhering to all relevant processes/procedures
• The term ‘compliance’ embraces all relevant financial services laws, rules and codes with which the business has to comply. This will be achieved by adherence to all relevant procedures, keeping appropriate records and, where appropriate, by the timely implementation of internal and external audit points, including issues raised by external regulators

• Monitoring and reporting of credit quality of the Bank’s lending portfolios including identification of emerging risks and recommendations of mitigating actions
• Prompt identification of potential problem accounts through the development and implementation of an effective early warning signs monitoring process (through WWM) and keeping abreast with market developments so that potential problem accounts are identified at an early stage for appropriate account strategies to be promptly implemented, thus, safeguarding the bank from any more potential credit losses
• Must know how to maximize recoveries on CRR 8/9/10 accounts by recommending, and implementing recovery strategies including imposing debt repayment schedules, asset sale / security realization and legal actions for high risk and delinquent accounts. Must be able to effectively lead and influence multi-banks work-out situations so as to maximize recovery to the Bank
• Have ability to educate Relationship Managers on new risk parameters under Basel, IFRS 9 and sharing lessons learnt

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

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Issued by The Hongkong and Shanghai Banking Corporation Limited.