Vice President, Climate Risk Strategy

At HSBC, the health and well-being of our employees remains of utmost importance. Many of our roles are permitted to work from home (in states in which HSBC is licensed to operate) until further notice. Upon resumption of normal operations, this role may be performed at our New York, New York office.

Climate Change poses different risks to the stability of the financial system and these risks are collectively referred to as Climate Risk. The requirement to identify and manage impacts from Climate Change results in necessary changes to our risk management framework, risk appetite, data infrastructure, reporting and oversight arrangements.

This role holder will:
  • Lead the integration of Climate Risk into the broader US Risk Management Framework, including evaluating and updating Risk Appetite Statements, policies, and taxonomies.
  • Establish and manage effective governance and reporting for Climate Risk in the United States.
  • Influence and collaborate with a wide range of stakeholders across HSBC including subject matter experts on all areas of Climate Risk.
  • Demonstrate thought leadership to influence Climate Risk approaches and solutions.
  • Deliver complex data changes, including development of MI and integration of new data within risk processes including Risk Appetite, Governance and Reporting.
  • Ensure Climate Risk initiatives are developed and implemented in line with overall HSBC Climate Change programme.
  • Communicate confidently with senior stakeholders, taking a lead in working groups and other meetings.
  • Deliver challenging and complex objectives, deliverables and tasks on time and the required quality.
  • Be accountable for the integrity and accuracy of delivered results.
  • Prioritize planned projects and tasks, while effectively managing and challenging requests for unplanned work.
  • Identify solutions to emerging risk issues, changing priorities, project completion issues and areas of conflict.
  • Draw, formulate and communicate conclusions, recommending further actions, where required.


The job holder is expected to employ innovative and logical thinking, to solve a variety of business issues.

Impact on the Business
  • Lead the development, assessment and integration Climate Risk into the broader US Risk Management Framework, including evaluating and updating Risk Appetite Statements, policies, and taxonomies.
  • Establish and manage a Climate Risk Oversight Forum to govern climate risk in the United States.
  • Be a Climate Risk subject matter expert, responding to Climate Risk queries from colleagues across the organization.
  • Develop, implement and maintain data driven solutions to assist in effectively identifying and managing risk while delivering excellent customer outcomes
  • Ensure effective communication and understanding of relevant changes across key stakeholder groups
  • Own the development and production of Climate Risk appetite statements, key indicators, and management information (MI) to monitor the impact of risk decisions. Deliver accurate, logical and insightful commentary alongside the MI
  • Ensure, through accurate specifications, testing and post implementation reviews, that solutions devised are implemented accurately and with the associated benefits being manifested.


Customers / Stakeholders
  • Lead engagement with internal stakeholders, owning working groups, obtaining required inputs and ensuring progress is well understood.
  • Take responsibility for oversight arrangements, producing high quality governance papers and other senior management communications.
  • Establish relationships and work effectively across all Risk departments and with all Global Businesses and Functions, including engagement with senior stakeholders, where appropriate.
  • Work closely with local and global Climate Risk Program teams to achieve climate risk program milestones.


Leadership & Teamwork
  • Take ownership and effectively drive a range of discreet projects impacting senior executives across the US and within the Risk organization, in particular.
  • Leverage the network to bring appropriate depth of experience to bear on complex decisions.
  • Work effectively with others to ensure the governance materials and the production of reports are insightful, professional, and fit for purpose.


Operational Effectiveness & Control
  • Maintains HSBC internal control standards, understands risks adheres to policies, including timely implementation of internal and external audit points, embeds change initiatives together with any issues raised by external regulators.


Major Challenges
  • Manage self in a positive, engaging, thoughtful and constructive manner, from a role which often has a material influence on outcomes.
  • Operate in a fast changing operating environment requiring quality decision making with often incomplete information.
  • Meeting growing expectations from our regulators and other stakeholders.
  • Working across lines of business, functions, and global communities, responding to different risk impacts and maintaining well-regarded, thoughtful communications with principal stakeholders, without diluting focus.


Role Context
  • The role will be part of the US Risk Strategy team within the US Risk function. The role will focus on HSBC's business in the United States.
  • The role holder will work closely with other teams both within Risk and in other Global Business and Global Functions in the United States.
  • Climate Risk activity is part of a Group led priority programme of work to ensure requirements from our key regulators are met. It will be expected that the job holder will collaborate and share best practice with Group colleagues.


Management of Risk
  • The jobholder will ensure the fair treatment of our customers is at the heart of everything we do, both personally and as an organisation.
  • The jobholder will continually reassess the financial and non-financial risks associated with the role and inherent in the business, taking account of changing economic or market conditions, legal and regulatory requirements, operating procedures and practices, management restructurings, and the impact of new technology.
  • The jobholder will ensure internal Policies are adhered to at all times, and in particular, that any changes being implemented are aligned to evolving Climate Risk policies.


Observation of Internal Controls
  • HSBC internal control standards are to be maintained This will be achieved by adherence to all relevant procedures, keeping appropriate records and, where appropriate, by the timely implementation of internal and external audit points together with any issues raised by external regulators.
  • Understands, follows and demonstrates compliance with all relevant internal and external rules, regulations and procedures that apply to the conduct of the business in which the jobholder is involved, specifically Internal Controls and any Compliance policy including, inter alia, the Group Compliance policy.


Qualifications

Employment eligibility to work with HSBC in the U.S. is required as the company will not pursue visa sponsorship for these positions
  • Subject matter expertise in Risk Management frameworks and principles. Direct experience with policy development, risk appetite statements, and/or enterprise-wide reporting and governance.
  • Knowledge of financial services and HSBC's major businesses and products. Experience in a large, complex financial services environment preferred.
  • An understanding of climate related risks, including transition and physical risks.
  • Track record of effecting change across a wide group of stakeholders, including developing project plans, leading formal and informal working groups, reporting progress, and delivering results.
  • Strong written and verbal communication skills, with an ability to present across different levels of the organization and through different formats
  • Excellent inter-personal skills, with an ability to manage relationships across all levels of the organization and influence stakeholders.
  • Analytically capable with an ability to review, interpret, and summarize broad and complex information.
  • Strong leadership, teamwork, organization, time management, and complex problem solving skills.
  • Sound judgment, keen sense of urgency, and high level of professional and personal integrity.


All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.