1+ months

Capital Risk - Senior Manager Recovery and Resolution

New York, NY 10007
  • Job Code
    0000GVEV

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.

 

The Capital Risk- Senior Manager of Recovery and Resolution Manager will lead and manage the Second line of defense stewardship and oversight of the capital and liquidity risk elements of Group Recovery and Resolution Planning (RRP)

 

Capital Risk involves the risk that the Group fails to maintain sufficient resources to cover potential losses and thereby does not meet its internal or regulatory capital requirements either at Group, subsidiary or branch level. Liquidity risk is the risk that a firm, although solvent, does not have available sufficient financial resources to meet our obligations as they fall due, or that the firm can only do so at excessive cost. The Capital and Liquidity Risk team are the second line of defense for Treasury Management capital and liquidity activities.

 

This role requires a deep understanding of best practice and regulatory expectations of a firms planning for recovery and resolution scenarios. As well as experience and thorough understanding of capital and liquidity metrics and requirements in BAU and through stress scenarios.

About Us

Our purpose – Opening up a world of opportunity – explains why we exist. We’re here to use our unique expertise, capabilities, breadth and perspectives to open up new kinds of opportunity for our more than 40 million customers. We’re bringing together the people, ideas and capital that nurture progress and growth, helping to build a better world – for our customers, our people, our investors, our communities and the planet we all share.

You will be responsible for

  • Overseeing the development and maintenance of the Group Recovery Plan (GRP) and the biennial Group Resolvability Assessment Framework (RAF) Self–Assessment for submission to regulators from a Capital & Liquidity Risk perspective
  • Reviewing, challenging and providing stewardship on the capital and liquidity risk elements of the Group submissions and the capabilities maintained within businesses, functions and legal entities to support Group submissions.
  • Engaging with senior stakeholders globally to ensure delivery of capital and liquidity components of RRP activities within regulatory and internally mandated timelines, ensuring consistency in approach across regions where regulations permit.
  • Supporting the bank’s preparedness to respond to a stress scenario, deterioration into a recovery phase or into resolution.
  • Representing Capital and Liquidity Risk in RRP Change programs, identifying Capital and Liquidity Risks as well as assisting in providing solutions to reduce these inherent Risk.
  • Providing constructive challenge to proposed approaches or solutions provided by Risk owners, mindful of the synergies to existing processes and specificities of global balance sheets to ensure efficient and effective solutions are obtained.
  • Ensuring that there is clear monitoring and tracking of issues relating to RRP Capital and Liquidity risk, not only managing issues raised as part of this role against the first line of defense, but also including audit issues, entity level controls, MSIIs and any other relevant control areas.
  • Maintaining an active and open dialogue and partner with various Risk Stewards, CROs, CFOs, functions, as well as industry wide forums and regulators through periodic and ad-hoc updates
  • Investigations QA work

Categories

Posted: 2022-01-26 Expires: 2022-06-17

HSBC offers the opportunity to develop a fulfilling career within a supportive and inclusive environment. We aim to be a place where everyone can achieve their full potential, regardless of their background.

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Capital Risk - Senior Manager Recovery and Resolution

HSBC Bank USA
New York, NY 10007

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