Manager, Risk Management

Oversee the process of risk management to ensure the formal risk management discipline and culture is in a continuous and developing process embedded within the business and the strategic and operational planning processes of the organization. Coordinate the local Insurance Risk Management Committee, to be chaired by the Director of Risk Management and comprised of senior management of the group to discuss the day-to-day operational risks on a monthly basis, as per Risk Committee terms of reference. Coordinate the preparation of formal documentation of risks arising in procedures and activities, including the assessment and quantification of those risks, and the review of effectiveness of controls in place to mitigate those risks. Direct and coordinate the utilization of Group Operational Risk database (GORDON) and the submission of database contents to GHQ IHO, in the required format and in accordance with the time limits stipulated by the Group.
Follow the Risk Management Procedures and Incident Reporting Procedures set out in IFIM Guidance Note 1 and the Group Operational Risk FIM to report loss incidents and determine the significance, impact and likelihood of risks/events, enabling the organization to learn from the experience and permitting the suitable improvement of mitigates where necessary. Report significant incidents to GHQ IHO and Group OpR as soon as practicable and then update on a quarterly basis. Review these incident reports prior to submission to GHQ IHO to ensure they have been accurately completed. Increase the level of management information available regarding risks when taking key operational and strategic decisions and allowing the Group to benefit from the risk and incident experiences. Provide risk management support and training to line management as required. Prepare consolidated risk reporting for consideration by the Insurance Risk Committee and any reports on risk management required by the Board of Directors, ALCO, Audit, Compliance and/or Group OpR. Maintain current contacts with GHQ, regulators and the industry as needed in order to keep the risk management program current.
Provide a first level of challenge to line managers to ensure that risks are appropriately defined and assessed and to ensure mitigation action plans are progressing in line with the timetable. Proactively approach each part of the business, providing feedback as appropriate to enhance the quality of the risk self-assessments provided. Review the head office reporting flows related to IFIM, GSM, Group OpR FIM and other manuals, document the accountabilities, maintain a record of submissions completed and create a centralized reference document showing the requirements, functions responsible for them and the timetable for delivery. Align the coordination of the carrier approval process and responsibilities with GHQ IHO requirements. Consolidate background information on existing audit reports and implement a follow up and review process. In conjunction with Marketing, align the project/initiative flow (and accompanying deliverables that are required) between the Insurance Risk Committee and the Business Steering Committee. Consolidate existing contract information within Insurance Services and assess current procedures. Special projects as assigned.

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job Requirements



Significant senior level, risk management related experience in insurance business, with a detailed understanding of HSBC standards, modus operandi and the risk management methodology adopted by Group Insurance and Group Operational Risk

Bachelors Degree in related field. Masters desirable.
HSBC Compensation
HSBC is a pay for performance company with policies and programs designed to ensure all employees receive fair and equitable compensation based on performance. Our compensation program is designed to attract, motivate, develop and retain the very best people.



HSBC Benefits
We are proud of our comprehensive flexible benefit program. Our program allows our employees to select the features that make the most sense for their individual and/or dependent(s) needs. Our benefit features include, but are not limited to; medical, prescription drug, dental, vision, life insurance, short and long term disability, retirement plans, stock option purchase plan, and a competitive time off program. / gj-hh