Chief Risk Officer

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**Principal Responsibilities**:
The Chief Risk Officer is responsible for leading the Risk function to identify, assess, monitor and make timely and measured judgments on all current and potential future risks faced, in order to protect the employees, assets and reputation of the Group and to grow shareholder value and profitability.

The Chief Risk Officer is responsible for the following risk disciplines:

- Credit Risk & Market Risk
- FCC & RC Risk
- Risk Strategy (including Risk Appetite, Business Model Risk)
- Operational Risk & Internal Controls
- Reputation Risk (including Product Suitability)
- People Risk
- Risk Systems/Projects
- Security & fraud including Business Contingency Planning

**Control**
- Maintain HSBC internal control standards and address audit points and/or any issues raised by Regulators and Senior Management in a timely manner.
- Foster a compliance culture and implement Group Compliance Policy by managing compliance risk in liaison with the Local Compliance Officer, ensuring adequate compliance resources are in place and training is provided, and optimizing relations with regulators
- Adherence to processes and controls to identify and mitigate risks and ensures timely escalation of control issues and reputation risks.

Creating and sustaining awareness of operational risk and minimize the likelihood of it occurring including its identification, assessment, mitigation and control, loss identification and reporting in accordance with the Group Operations FIM

**Conduct**

Management of conduct is a critical component of all our business activities including, for example, the Group’s strategy and business models, our culture and behaviors, our interaction with customers, our financial markets operations, and our governance and oversight processes. HSBC's approach to conduct is designed to ensure we deliver fair outcomes for our customers and do not disrupt the orderly and transparent operation of financial markets. Focus on conduct is integral to HSBC’s values and principles, and supports the Group’s strategy for sustainable growth and streamlining of business processes and procedures.

**Impact on the Business/Function**
- Lead and direct the Risk Function, as a partner to the Business, supporting growth aspirations whilst retaining the appropriate risk management discipline to achieve strategic goals.
- Direct and/or functional oversight of the entity's Risk Management operations.
- Recommend/Approve significant credit and portfolio exposures ensuring that Risk/Reward is appropriate.
- Identify emerging risk issues and initiate mitigating strategies.
- Establish and maintain the in-site Risk Appetite framework, Stress Testing activities (regulatory and business as usual) and Economic Capital framework.
- Ensure that robust processes are in place to work with Finance on regulatory reporting returns and matters pertaining thereto.
- Maintain an effective operational risk framework in the Country, in line with Group Standards and local regulatory requirements
- Managing the credit quality of lending portfolios to ensure credit costs targets are not exceeded.
- Ensure risk management policies and procedures for products and other risk disciplines are market competitive and compliant with regulatory requirement and Group Standards.

**Customers / Stakeholders**
- Strengthen the Entity’s understanding of risk management, by incorporating risk considerations in all activities undertaken
- Manage key relationships with regulators, rating agencies, industry bodies and auditors.
- Working with ASP and Group Risk, oversight of the framework to standardize and integrate the various risk functions including the implementation of strategic projects and systems.
- Manage Compliance and AML Risk relationship with the regulator(s), as required.
- Proactively assist management in identifying and managing compliance risk fostering a compliance conscience and culture.

**Leadership & Teamwork**
- Lead the transition locally to join up the Global Risk Function so that it is considered to be “Best in Class”.
- Build a strong cross functional Team and a Network of skilled Risk Managers - in all Risk disciplines.
- Upgrade people capability and ensure team development
- Motivating direct reports to achieve personal and collective goals.
- Establish a strong governance model.

**Operational Effectiveness & Control**:

- Communicate risk strategy and policies throughout the Entity
- Monitor effectiveness of implementation of risk strat