Climate Risk Stress Testing Manager And Lead Risk Officer

Some careers open more doors than others.

If you’re looking for a career that will unlock new opportunities, join HSBC and experience the possibilities. 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.

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. 

The Lead Risk Officer and Climate Risk Stress Testing Manager role will be part of the Risk and Compliance Transformation team. Reporting into one of the Senior Risk Officers within Wholesale Credit Risk Management, the ideal candidate for this dual faceted role will be an individual with previous experience with commercial/corporate credit analysis and/or risk approvals. A keen interest and/or direct experience in Climate Risk matters would be advantageous.

You will be responsible for i) providing credit approvals and recommendations on credit submissions received from Relationship Management Teams and ii) will coordinate HSBC UK Wholesale Credit Risk Management’s Climate Risk Stress Testing activities to support internal and external (regulatory requirements). The core part of this exciting role will be focused on commercial/ corporate risk approvals; however, the Climate Risk Stress Testing element will grow over time.

As an HSBC employee in the UK, you will have access to tailored professional development opportunities and a competitive pay and benefits package. This includes private healthcare for all UK-based employees, enhanced maternity and adoption pay and support when you return to work, and a contributory pension scheme with a generous employer contribution.

We are currently seeking an experienced individual to join this team in the role of Lead Risk Officer and Climate Risk Stress Testing Manager.

In this role, you will:

•    Provide concise, well-reasoned approvals/recommendations within appropriate timescales and ensure decisions are consistent with HSBC Group’s risk appetite. You will also be required to actively challenge credit requests, where appropriate, to ensure risks are acceptable to the bank. This may require engagement with product partners and other key stakeholders across the bank to ensure you take a balanced view on the overall risk.
•    Have an opportunity to help sculpture HSBC UK’s Climate Risk Stress Testing exercise and provide feedback to ensure appropriate risk considerations are incorporated.
•    Over time, build capability to provide subject matter expertise/ advice to other Risk Officers to support the design, development, and delivery of methodologies linked to Climate Risk Stress Testing assessments across the portfolio. 
•    Take an active approach to review and analyse the portfolio MI and Stress Testing results and confidently challenges testing results and provide updates to senior management with a view of recommending any actions that need to be made.
•    Work collaboratively with regional and global stakeholders within Wholesale Credit Risk.  Climate Risk Managers, Global Risk Analytics and Senior Stakeholders to assist in the development of reporting and data requirements to help HSBC deliver on its Climate ambition and its Regulatory obligations.

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

•    The successful candidate will have a background in credit risk analysis. Possess a knowledge/understanding of sound credit practices/regulatory requirements and their transition into meaningful un-bureaucratic policies/standards.
•    Understanding of climate related risks with the skill to lead Wholesale Credit Risk’s approach to climate risk stress testing.
•    Have experience in confidently liaising with senior stakeholders as this will be required when communicating findings related to credit and climate risk. 
•    Will have knowledge/understanding of climate risk issues to be able to challenge methodologies and models used for stress testing.
•    Knowledge of Wholesale lending products at HSBC.

The base location for this role is Birmingham / Hybrid.

You’ll achieve more when you join HSBC.

We believe that being open to a range of perspectives and cultures is vital for our business. We work hard to ensure our diverse and inclusive workplace reflects the communities we serve. We want everyone to achieve their potential – regardless of their gender, ethnicity, disability, religion, sexual orientation or age. If you have a different way of seeing the world, we are interested in hearing from you.

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.