Avp - Quantitative Suitability, Gpbw Gsc’s

-Job description

**Some careers shine brighter than others.**

If you’re looking for a career that will help you stand out, join HSBC and fulfil your potential. Whether you want a career that could take you to the top, or simply take you in an exciting new direction, HSBC offers opportunities, support and rewards that will take you further.

HSBC is one of the largest banking and financial services organisations in the world, with operations in 62

countries and territories. We aim to be where the growth is, enabling businesses to thrive and economies to prosper, and, ultimately, helping people to fulfil their hopes and realise their ambitions.

We are currently seeking an experienced professional to join our team in the role of **AVP - Quantitative Suitability, GPBW GSC’S**

**In this role, you will**:

- The purpose of this role is to support and assist with developing and maintaining the suitability framework that supports all products and services (advisory, discretionary and execution only; banking, credit and insurance) offered by HSBC across its Wealth and Personal Banking client segments. The role is a part of the Investment and Wealth Solutions (IWS) team.
- This role primarily focusses on:

- Supporting the implementation of the suitability framework/ policies/ FIMs/ procedures across all WPB Markets;
- Supporting suitability work streams related to the continued implementation of Aladdin (WPB’s strategic framework) & the Strategic Financial Planning tool (SFP)
- Acting as an SME for GPB & Wealth Propositions and Platforms and manage changes with internal and external stakeholders;
- Develop and deliver relevant training to client facing staff on sales suitability-related policies and best practise;
- Provide key inputs into WPB’s Product/Portfolio Risk framework;
- Provide key inputs into WPB’s Client Risk Profiling frameworks and providing best practice controls for “other” client suitability items (e.g. affordability, emergency fund, Knowledge & Experience etc);
- Developing suitability related global documents in collaboration with GPB&W Models team;
- Working with key stakeholders across the Three Lines of Defence to ensure that the suitability framework remains up to date and remains compliant with regulatory requirements at the global level and at the local level working with local suitability leads; and
- Developing and monitoring effective risk-based enterprise management/ key risk indicators to provide oversight of the effectiveness of the suitability framework across WPB.
- Develop and maintain quantitative methodologies which are critical components of an effective product and client suitability framework
- Support the development and roll-out of enhanced global suitability standards
- Work with the GPB&W Models team to effectively manage model risks in line with the model user/sponsor role. Increase model coverage and implement globally consistent model systems, standards, policies, processes, methodologies and governance across all regions.
- Engage with GPB&W stakeholders across all geographies in identifying local regulatory issues, feeding these requirements into the suitability framework design and ensuring compliance with internal requirements
- Utilise internal and external data sources to validate and refresh key client facing documents such as risk profiling questionnaires
Requirements

To be successful in this role, you should meet the following requirements:

- Undergraduate degree or equivalent. (E)
- Demonstrated ability to work with the Wealth Management or Private Banking business in reaching decisions and solutions. (P)
- Experience in client or product suitability roles is advantageous and understanding their unique risks when compared to other areas. (P)
- Proven record of creating and collating data and KRIs in a format which enables management to make informed decisions (P)
- Knowledge of product and client suitability processes, procedures and models (E)
- Ability to work across all levels of the organisation to understand cross-functional linkages and interdependencies, as well as the implication of risk at both a strategic level and at the business unit level. (P)
- Wide knowledge of key regulations affecting Private Banking business is advantageous. (P)
- Practical experience working alongside global product/business management teams (P)
- Strict deadline management and project management skills (E)
- Ability to work independently and manage business as usual tasks while also progressing elements of various projects (E)
- Effective presentation, interpersonal, negotiation, communication and analytical skills. (E)
- Recognised strong organisational skills. (E)
- Understanding of GPB&W and HSBC Group Strategy (P)

You’ll achieve more when you join HSBC.