At HSBC, the health and well-being of our employees remains of utmost importance. Many of our roles are permitted to work from home (in states in which HSBC is licensed to operate) until further notice. Upon resumption of normal operations, this role may be performed at our New York, New york office.
HSBC's Global Functions play a vital role in supporting the bank's Global Businesses and offer a broad range of career opportunities in areas from legal, risk and finance to human resources, sustainability, marketing and communications. Our operational and functional teams around the world help HSBC's Global Businesses to operate efficiently and effectively on a day-to-day basis. They also focus on controls and governance to reduce risk and protect the Group's reputations.
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, operational, credit, pension, insurance, compliance, regulatory, market, reputation and geopolitical risks.
Key Objectives for Climate Credit Risk Manager:
Climate Risk is a relatively new focus for the Financial Services Industry. HSBC's response to Climate Change is a sensitive and high profile area of considerable interest to a wide range of internal and external stakeholders.
Climate Change poses different risks to the stability of the financial system and these risks are collectively referred to as Climate Risk. The requirement to identify and manage impacts from Climate Change results in necessary changes to our risk management framework, risk appetite, data infrastructure, reporting and oversight arrangements.
Job Holder's Primary Responsibilities:
Act as subject matter expert on all areas of Climate Risk that are relevant to Wholesale Credit & Market Risk.
Work collaboratively with a wide range of stakeholders across HSBC.
Work on complex analytical activities, including development of Management Information and integration of new data within risk processes.
Review processes and procedures to ensure Climate Risk requirements are met, and implement necessary changes.
Programme management and governance, ensuring stakeholders and project leads are informed of Progress.
Support work to embed Climate Risks into Credit Risk assessments, Credit decisions and credit models.
Support work to deliver regional Climate Change Stress testing.
Communicate confidently with senior stakeholders, taking a lead in working groups and other Meetings.
Be accountable for the integrity and accuracy of delivered results, prioritize planned projects and tasks, while effectively managing and challenging requests for unplanned work.
Identify solutions to emerging risk issues, changing priorities, project completion issues and areas of conflict.
Draw, formulate & communicate conclusions from own work, recommending further actions, where required.
The job holder is expected to employ innovative and logical thinking, to solve a variety of business issues.
Project management: Be a central point of contact for Climate Risks at HSBC Bank USA, working with Group Wholesale Credit & Market Risk to deliver globally common / integrated solutions.
Project management: Communicate accountabilities effectively to ensure these are understood by appropriate stakeholders. Be accountable for the integrity and accuracy of delivered results, prioritize planned projects and tasks, whilst effectively managing and challenging requests for unplanned work.
Governance: Review Policies, Guidelines and Process and coordinate the implementation of the Climate risk management framework.
Communication & Engagement: Help to design and deliver training to Relationship Managers and Credit Managers,
Credit analysis / Risk assessment tool: Undertake research on climate risks related subjects, provide Subject Matter Expert advice to support the design, development and delivery of methodologies to embed Climate risks in financial analysis.
Credit analysis: Support the mobilization of expertise of Credit Approvers to enhance the review of the key Sectors in scope from a climate risks perspective.
Scoring Tool: support the development of a Carbon Dioxide Transition & Physical Scoring tool and the roll out into Business as Usual processes.
Stress testing: Support work to deliver the Climate stress testing in 2021.
Global Risk Analytics workstream: provide subject matter expert input to the Global Risk Analytics teams for the development of advanced data analytics and integration of climate risks in Credit models.
Reporting: help with the production of Management Information in collaboration with the Group Management Information team, to support internal reporting and external reporting, and help to identify business opportunities. Questionnaire: Support Transition Risk Questionnaire, work with relevant regional and global stakeholders within Wholesale Credit & Market Risk Global Risk Analytics, Global Wholesale Credit Risk, Risk Strategy, Wholesale Credit & Market Risk transformation and the Businesses (Global Banking & Markets and Commercial Banking).
Support engagement with local and global regulators.
Build and maintain strong working relationships with key stakeholders.
Effectively manage expectations when unplanned work arises, re-planning and prioritizing where necessary.
Demonstrate strong communication skills to seek cooperation, persuade, or influence others, including peers, senior management, colleagues within the Group, internal and external auditors in order to present results, resolve issues or implement change.
Work collaboratively with and provide support to key stakeholders in other functions.
HSBC was born from one small idea: a local bank serving international needs. We started our business in Hong Kong in 1865. In 2015, HSBC celebrates its 150th year anniversary. Over the years, HSBC grew through expanding its branch network, offering new products and establishing its own investment banking arm.
We aim to be where the growth is, connecting customers to opportunities, enabling businesses to thrive and economies to prosper, and ultimately helping people fulfill their hopes and realize their ambitions.
• Located in 72 countries and territories
• Serving around 48 million customers
• Supported by over 268,000* people
• Head office in US is New York City
We aim to be dependable, open and connected in everything we do. We want to ensure that our employees feel able to stand up for what is right, highlight potential risks and act with integrity, even when faced with pressure to act otherwise. By doing so, we will be able to meet expectations of society, customers, regulators and investors. To make sure everybody at HSBC lives up to these values, they are a part of everyone's annual performance review.
At HSBC, you will find that we are dependable, o...pen to different ideas and cultures, and connected to customers, communities, regulators and each other. Our culture has a family feel to it – our employees are encouraged to work together to reach a common goal. This idea is supported and encouraged at the leadership level and passed down.
Our size and global reach mean more opportunities for you to grow your career with us.
We are looking for forward-thinking, driven, perceptive candidates to help our customers realise their hopes, dreams and ambitions.
This means people who are dependable, open to different ideas and cultures, and enjoy being part of a team; people who have the potential to become the future leaders of HSBC.
We encourage you to drive your own development and build your network within your office and around the world.
We provide the opportunities for you to connect with customers, colleagues and the communities in which we operate.