Senior Fraud Risk Manager, Global Banking and Markets - Global Risk

Full Time
Junior (less than 3 years)

Job Description

Senior Fraud Risk Manager, Global Banking and Markets - Global Risk

Location: Asia Pacific-Hong Kong-Kowloon-Tai Kok Tsui

Some careers have more impact than others.
If you’re looking for a career where you can make a real impression, join HSBC and discover how valued you’ll be.
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, financial crime and regulatory compliance, 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 caliber professional to join our team as Senior Fraud Risk Manager, Global Banking and Markets.
Principal responsibilities
  • The role holder is a member of the Global Banking and Markets Fraud Risk team who act in their capacity as Risk Steward within the Second Line of Defense.
  • Risk Stewards are specialists in an operational risk area and provide interpretation and application of taxonomy, policy, risk appetite, and local assessment of the adequacy of risk management activities in the First Line of Defense for this operational risk area.
  • This is delivered through subject matter expert advice and guidance to local Global Banking Markets businesses, product lines and related Functions on the management of the most material fraud risks in Inappropriate Trading, Payment Fraud, Lending Fraud and Counterparty Fraud.
  • Provide local interpretation, challenge and review Fraud Risk control library and taxonomy
  • Attend local and regional Global Banking and Markets risk committees, Business Control Committees and other forums in capacity as Risk Steward and providing oversight and challenge in these forums as needed.
  • Develop and maintain fraud policies relating to Global Banking and Markets Business activity, providing guidance on application where necessary. 
  • Review local dispensations against policy for suitable mitigating controls and action plans
  • Provide subject matter expert guidance and assist with setting of Operational Risk Objectives, Risk Appetite and aligned Key Indicators and metrics.
  • Guide first Line of Defense to set risk appetite and ensure action plans in place for risks outside of risk tolerance.
  • Provide subject matter expertise to guide Global Banking and Markets Business on fraud risk associated with their processes, products and services. 
  • Support further development of Global Banking and Markets Fraud Risk Dashboard to maximise benefit to the group.
  • Global Banking and Markets fraud risk function is the newest of its Security and Fraud Risk disciplines to become operational. As such, it faces a number of challenges relating to any newly formed risk function eg raising profile with the business and first Line of Defense and second Line of Defense risk functions.
  • The role will be in Security and Fraud Risk but closely linked to other areas, notably the Global Banking and Markets businesses, Risk Owners, Control Owners, Business Risk and Control Management teams and Operational Risk.
  • The successful candidate will require an ability to influence at a senior level and have the confidence to be subject matter expert. 

Technical Skills

  • Operational Risk
  • Risk Management