Insurance Risk Manager

Job ID: 0000K1DV

Location: Fareham, United Kingdom | Bristol, United Kingdom

Area of interest: Risk and Compliance

Job type: Permanent - Full Time

Work style: Hybrid Working

Opening date: 26-Apr-2024

Closing date: 03-May-2024

Job description

Some careers open more doors than others.

If you're looking to take an exciting new direction with your HSBC career, an internal move can open the door to many opportunities, allowing you to take on a new challenge, and develop your skills.

Bring your knowledge of our brand to a new role and grow yourself further.

Our Risk and Compliance function has a critical role to play in supporting, challenging and advising across all areas of the business through establishing policy, monitoring profiles, and identifying and managing forward-looking risk and compliance. We focus on creating an environment that encourages our people to speak up and do the right thing, as well as protecting our customers, the organisation and the integrity of the financial markets in which we operate. Already an industry-leader in many respects, we want to continue setting standards and evolving to respond to strategic changes.

We are currently seeking an experienced individual to join this team in the role of Insurance Risk Manager.

In the role of Insurance Risk Manager, you will support the Group Insurance Risk Reporting and Governance Lead in managing all deliverables of the team assigned. This team supports the Global Insurance Chief Risk and Compliance Officer (CRCO) in holistic risk oversight on an enterprise basis, by enabling the appropriate governance structures and MI that ensures line of sight of key risks and issues (with onwards escalations as required), and progress on their remediation, to the CRCO. In this team you will work with our diverse Insurance Entities in Asia, Europe and Latin America.

In this role, you will:

• Manage the roll out of Risk Management Framework requirements from Global Risk, through the design of processes to ensure effective, efficient and documented implementation of all aspects, including supporting guidance. This will include development and socialisation of risk management information (MI) that facilitates visibility and oversight of current risk issues, as well as forward looking and trigger-based MI.

• Oversee the Insurance Control Framework to evidence sufficient review and challenge over the risk and control assessment, remediation, issue management and escalations.

• Ensure delivery of the requirements for the risk management meetings assigned, including information required to flow from underlying committees/forums, and effectiveness reviews.

• Contribute to review and challenge of Global Insurance risk map and Global and Entity risk appetite statements (RAS) to ensure quality submissions in line with the RMF, and actively work with the Insurance entities to monitor remediation of shortcomings.

• Organise and conduct Entity reviews to carry out deep dives into specific areas of concern and to evidence adherence to risk steward and CRO roles under the RMF

• Build effective relationships with Global Insurance risk stewards, Global Insurance CCO team, WPB and Global Risk teams, and Insurance Entity risk teams to facilitate effective oversight.

Requirements

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

• Experience in working in a risk and control role with knowledge of risk frameworks.

• Demonstrate a high degree of organisational skills and experience in delivering projects.

• Ability to form effective relationships and achieve influence, through good communication and interpersonal skills, and coordinate and manage stakeholders effectively at all levels.

• Strong analytical skills.

• Take personal accountability, be decisive, use common sense and commercial awareness.

• Broad knowledge of the regulatory environment - Insurance specific regulations would be an advantage.

The base location for this role is Fareham or Bristol and is Hybrid working.

Continue to grow with our internal opportunities.

A move across the business allows you to continue to access tailored professional development opportunities, and our fantastic benefits packages

Being open to different points of view is important for our business and the communities we serve. At HSBC, we're dedicated to creating diverse and inclusive workplaces. Our recruitment processes are accessible to everyone - no matter their gender, ethnicity, disability, religion, sexual orientation, or age.

We take pride in being part of the Disability Confident Scheme. This helps make sure you can be interviewed fairly if you have a disability, long term health condition, or are neurodiverse.

If you'd like to apply for one of our roles and need adjustments made, please get in touch with our Recruitment Helpdesk:

Email: hsbc.recruitment@hsbc.com

Telephone: +44 207 832 8500.