GRA Strategic Programmes Director

Location:Greater London

Description

Role Title: GRA Strategic Programmes Director

Business: Risk


Role Purpose
  • The role holder will be responsible for the delivery and oversight of HSBC wholesale and traded risk modelling environment. The key areas of focus (1) understanding of the regulatory environment, (2) model governance (3) operational constraints (4) model documentation. The role holder will develop a comprehensive programmes strategy to guide the development of model remediation and model enhancements. In addition, the role holder will oversee the planning and implementation of the GRA model landscape, working closely across teams to ensure regulatory requirements are met.
  • Key responsibilities:
  • Guide the project committee on the regular discussion of issues relating to programme delivery, and communicate committee decisions to senior management;
  • Initiate and maintain relationships with regulators and internal/external audits;
  • Regularly review programme policies and procedures and support on their development in line with best practice;
  • Developing a strategy which anticipates market trends and future needs of stakeholders, maximizing the benefit the risk models can bring to HSBC.
  • Providing a key point of contact for HSBC’s lead regulator. Overseeing, and where necessary, being actively involved in the communications with other regional regulators.
  • Maximizing the relationship with business stakeholders, managing expectations and providing constructive guidance.
  • Actively engaging in industry discussions which puts HSBC at the forefront of future developments
Key Accountabilities

Impact on Business

  • Through clear understanding of global requirements, arising either from business or regulators, ensure the models are developed to a high standard which meets expectations.
  • Maximise engagement with business to ensure there is a clear understanding of the impact of the models. Provide guidance which allows the business to adapt their strategy.
  • Provide a framework that enables GRA Management to have effective oversight of the risk, providing guidance of the evolving regulatory environment.
  • Have a strategic focus which enables HSBC to evolve and adapt in a changing regulatory and market environment.
  • Ensure integrity and consistency of the model development process through effective governance.
  • Ensure that, as a minimum, the models meet the standards set by the 2nd and 3rd lines of defence.
  • Guide and influence industry discussions which potentially have significant impact for HSBC’s business strategy.

Customers / Stakeholders

  • GRA Exco
  • Risk Transformation,
  • Global Markets Middle Office
  • Respective senior managers of local sites in GRA
  • All Global Markets Front Office Business areas

Leadership & Teamwork

  • Ensure the strategy and vision is well understood
  • Create a high performance culture
  • Engage and enable the team such that they can fully contribute to the strategy
  • Engage and enable the stakeholders such that they can contribute, influence and support where necessary.

Operational Effectiveness & Control

  • Maintain HSBC internal control standards, including timely implementation of internal and external audit points together with any issues raised by external Regulators;
  • understand and ensure compliance with all relevant internal and external rules, regulations and procedures that apply to the conduct of the areas in which you are involved specifically Internal Controls and any Compliance policy including, inter alia, the Group Compliance policy
  • Ensure that there is full compliance with the Global Markets FIM
Major Challenges
  • Providing GRA Exco with effective support to engage with the business areas in order to fully understand their requirements.
  • Effective leveraging of GRA resources to ensure that business expectations can be met whilst maintaining appropriate control standards.
  • Rapid escalation for issues as they arise.
  • Establishing effective communication between GRA teams and stakeholders across sites.
  • A rapidly changing regulatory environment leads to an influx of new regulatory requirements and expectations. It represents a major challenge for an organization of HSBC’s size to react and respond in a timely manner. Managing this requires effective leadership and authority.
  • The market environment is also changing rapidly. Foresight and effective communication with key stakeholders is required to ensure that the correct strategy is being pursued.
  • It is critical that the technical challenges often associated with the Analytics area are well-understood by senior management and stakeholders so that effective decisions can be taken.
Role Context
  • Global Risk Analytics (GRA) is part of HSBC’s Global Risk Function which provides solutions using analytics, tools and models to identify, measure and manage key risks.
  • The role holder will be responsible for the delivery and oversight of HSBC wholesale and traded risk modelling environment. The key areas of focus (1) understanding of the regulatory environment, (2) model governance (3) operational constraints (4) model documentation. The role holder will develop a comprehensive programmes strategy to guide the development of model remediation and model enhancements. In addition, the role holder will oversee the planning and implementation of the GRA model landscape, working closely across teams to ensure regulatory requirements are met.
Management of Risk
  • Is aware of the Operational Risk scenario associated with the role and acts in a manner that takes account of operational risk considerations.

Observation of Internal Controls

  • Maintains HSBC internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators.
  • Understands, follows and demonstrates compliance with all relevant internal and external rules, regulations and procedures that apply to the conduct of the business in which the jobholder is involved, specifically Internal Controls and any Compliance policy including, inter alia, the Group Compliance policy.