Job Description

Job description
The health and safety of our employees and candidates is very important to us. Due to the current situation related to the Novel Coronavirus (COVID-19), were leveraging our digital capabilities to ensure we can continue to recruit top talent at HSBC. As your
application progresses, you may be asked to use one of our digital tools to help you through your recruitment journey. If so, one of our Resourcing colleagues will explain how our video-interviewing technology will be used throughout the recruitment process and
will be on hand to answer any questions you might have.
Some careers open more doors than others.
If youre 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.
Role Purpose
\xc2\xb7 Vice President-Secured Acquisition Risk Management is responsible for the management of pre-acquisition and post-acquisition activities for Current and Impaired Mortgage Assets in order to achieve the credit risk appetite and enable business growth.
\xc2\xb7 The most significant need that the incumbent has to fulfill is to manage front-end risk effectively while attracting and retaining profitable customers. The incumbent will assist in integrating discussions and action plans on the larger objectives of Acquisition Risk
Management with Regional Risk, Product, Finance, Operations and Collection Teams. The Team activities will include portfolio analysis and recommendations to both eliminate unwanted risks and drive portfolio growth in support of asset optimization and
maximization of risk adjusted revenue.
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The incumbent will assist in builder and project approval related activities.
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In addition, the role will need to assist in any Priority Sector Lending related deliverables from WPB Risk.
Principal Accountabilities: Key activities and decision making areas
Impact on the Business / Function
\xc2\xb7 Designing, modifying, implementing all credit policies including policies for acquisition, collateral management, developer approvals etc.
\xc2\xb7 Monitor sourcing mix and portfolio performance across programs, channels and segments in order to optimize enablement and protection initiatives.
\xc2\xb7 Support strategic initiatives like credit bureau integration, digital initiatives etc. for operational efficiencies.
\xc2\xb7 Manage Builder and Project approval and monitoring related initiatives.
\xc2\xb7 Manage all Priority Sector Lending related deliverables from WPB Risk perspective.
Typical Targets and Measures
\xc2\xb7 Acceptable SLAs for business proposals
\xc2\xb7 Periodic competitor policy scan
\xc2\xb7 Builder dashboard to comprehensively manage under-construction segment risk.
\xc2\xb7 Annual RRP reviews
Customers / Stakeholders
\xc2\xb7 Assist in policy decisions and discussions on policy/portfolio related issues with Local WPB and Regional WPB Risk.
\xc2\xb7 Be the one-point contact for all policy clarifications.
\xc2\xb7 Manage Builder and Project approval related initiatives.
Partner with Collections strategy team in improvising existing collection strategies.
Typical Targets and Measures
\xc2\xb7 Early MOB delinquency targets
\xc2\xb7 B&D targets
\xc2\xb7 Effective monitoring of under-construction segment
Leadership & Teamwork
\xc2\xb7 Working closely with other internal WPB and Risk units to modify credit policies including policies for acquisition, collateral management, developer approvals etc.
\xc2\xb7 Connect with DSS teams to build automated credit tools to enable apt implementation of acquisition strategies
\xc2\xb7 Work closely with the credit underwriting / Operations team to ensure the right controls during implementing acquisition policies.
\xc2\xb7 Stay abreast with developments in real estate market and peer banks.
Typical Targets and Measures
\xc2\xb7 Improvement in process efficiencies - benefits in TAT and reduction in input errors.
\xc2\xb7 Periodic real estate reviews
Operational Effectiveness & Control
\xc2\xb7 Ensure all processes are continuously monitored and built in a manner such that sufficient mitigants are in place to protect against channel, collateral, operational and fraud risks and further comply with HSBC policy and procedures, together with early
identification and effective resolution or escalation of issues that arise.
\xc2\xb7 Work closely with Internal Controls teams to ensure that implementation of policies is appropriate.
Typical Targets and Measures
Satisfactory audit reports
Major Challenges
\xc2\xb7 To keep the product competitive yet ensure that risk is not compromised.
\xc2\xb7 Shortage of structured information. No established property price indices etc.
\xc2\xb7 Challenge to recommend amendments to credit policy which may make them subjective / localized while at the same time ensuring that the overall credit policy is objective and easy to implement.
\xc2\xb7 Monitoring adherence of business to the credit policy is an important dimension of the jobholder's responsibility.
\xc2\xb7 Ambitious growth plans coupled with the current economic environment, will require the incumbent to achieve the fine balance between business developments while maintaining risk levels of the portfolio at acceptable levels.
Role Context
The mandate will be to build, improve and transform the way we acquire customers, market products & services, automate acquisition platforms, reduce risk at acquisition stage and increase portfolio profitability.
The strategic directive that the incumbent has to deliver will be to build, automate and improvise the complex decision processes involved in the customer acquisition stage.
Efficient deployment of risk tools to provide innovative solutions focused on profitable acquisition is a key deliverable of this role. Further lending sufficient strategic direction to the effort to grow the business in customer segments which are low risk and at the same
time work with debt management teams to improve capability and achieve the LIC plans
Guidance & authority
The incumbent has the authority to take decision on credit Policy and related processes for Mortgage product, while balancing risk and growth objectives. In order to ensure that the Groups lending norms are adhered to at all times, the jobholder will be guided by the area lending guidelines such as RRP, RG, FIM, Group Audit recommendations and local regulatory norms. The incumbent will draw guidance from SVP - Secured Lending Risk, Head - WPB Risk, India and ASP WPB Risk on matters related to policy
Management of Risk
\xc2\xb7 Adheres to processes and controls to identify and mitigate risks and ensures timely escalation of control issues and reputation risks.
\xc2\xb7 Demonstrates leadership on regulatory and compliance matters. Maintains awareness of risk and minimizes the likelihood of it occurring through its identification, assessment, mitigation and control.
Observation of Internal Controls
\xc2\xb7 Maintains HSBC internal control standards and addresses audit points and/or any issues raised by regulators in a timely manner. Fosters a compliance culture within the team, managing compliance risk and ensuring that the necessary training is completed.
Optimizes relations with regulators.
\xc2\xb7 Maintain and observe HSBC internal control standards, implement and observe Group Compliance Policy, including the timely implementation of recommendations made by internal/external auditors and external regulators. Foster a compliance culture and
implement Group Compliance Policy by managing compliance risk in liaison with the Head of Group Compliance, Regional Compliance Officer, Area Compliance Officer or Local Compliance Officer, ensuring adequate compliance resources are in place and
training is provided, and optimizing relations with regulators
Role Dimensions
\xc2\xb7 The incumbent will be responsible to assist the functions of business growth and risk management. Highlighting new areas for business expansion in terms of new product variants, markets, segments etc. would be as essential as early warning on risky
segments and fraud prone areas.
B&D - As per AOP.
Requirements
Knowledge & Experience / Qualifications
Post Graduate (Masters)
Five to ten years
Additional Information
As per the RBI mandated Capacity Building Certification Requirement for Bank, this role requires the candidate to have the required certification / equivalent qualification before the selection for the above role. Refer to RBI Mandated Capacity Building Policy on HR Direct.
Useful Link
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Issued by The Hongkong and Shanghai Banking Corporation Limited, India