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Senior Manager, Corporate Credit Risk, UAE Lead

United Arab Emirates

Job description

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Global Risk is a thriving and expert risk management function supporting HSBC globally with all aspects of risk management. The team actively manages a varied and dynamic range of risk types, including security, fraud, information security, contingency, geopolitical, operational, credit, pension, insurance, financial crime and regulatory compliance, market, and reputation risks. All parts of the Global Risk team use their skills, insight, and integrity to handle established threats and those they see emerging, acting to protect and enable HSBC to deliver sustainable growth.

Role Overview:
This will be a highly visible role as the incumbent will be the Lead and main contact point for UAE credit decisions particularly for IMM. In addition to credit underwriting skills, the incumbent will need to proactively manage the portfolio, engage with Business, meet clients, input into account planning and provide forward-looking views – all of which in a systematic and focussed manner.
Accountable for Wholesale Credit Risk covering UAE Corporates including Credit Underwriting by taking credit decisions that are aligned with internal and external Guidelines.
Responsible for UAE Portfolio wholesale asset quality including identifying and managing vulnerable accounts and challenging IFRS 9 assumptions to ensure adequate provisions for default accounts.
The incumbent will also be the Lead for all People initiatives including arranging regular credit Masterclasses, identifying appropriate technical and soft skills training for all MENAT WCR.

Duties & Responsibilities:

Impact on the Business

Credit Underwriting – personally exercise delegated lending authority and take credit decisions that ensure well balanced Risk/Reward and are aligned to our Risk Appetite.
Act as Lead and key contact point for UAE corporate credit requests particularly International Mid Markets.
Portfolio risk management – Manage overall asset quality of the portfolio by identifying trends and initiating risk mitigation measures.
Problem accounts – track High Risk Problem Exposures, challenge Worry/Watch/Monitor accounts, manage Non-Performing Accounts (NPAs) and ensure timely impairments.
Horizon scanning – analyse key sectors and track market development to remain informed of emerging trends and how they may impact our portfolio.
Support and deputise for MENAT Head of Corporate Credit Risk in discussions with Group and Product teams on all initiatives involving UAE.
Policy – guide, review and challenge Policy & Processes, to ensure these remain fit for purpose.
Audit & Read across – work collaboratively across all 3 Lines of Defence, ensure UAE audit issues are addressed promptly and with appropriate read-across from other audits.

Customers / Stakeholders

Meet key UAE clients and actively participate in key UAE clients’ Account Planning with GRB.
Provide effective challenges and early-stage guidance to FLOD in complex transactions in a timely, open-minded and decisive manner.
Work closely with UAE CRO team to enable efficient implementation of UAE regulatory credit policies.
Establish and maintain strong rapport with senior stakeholders in UAE / MENAT / Group including providing regular updates on asset book and emerging trends and presenting balanced views at Governance meetings such as Risk Management Meeting, Regional Portfolio Oversight committee , etc.

Leadership & Teamwork

Lead for all learning, training, coaching across MENAT WCR.
Provide guidance and act as ‘buddy’ to offshore based Centre of Excellence (CoE) desk officer designated to the incumbent’s portfolio.
Establish working principles to ensure the CoE team is fully engaged and up-to-date on all internal and external matters involving UAE including macro-economic, portfolio, culture, etc.

Operational Effectiveness & Control

Sceptically review credit processes and ensure these are simple and streamlined.
Provide guidance and input for all wholesale credit risk matters across policy, oversight, risk stewardship, models, initiatives, etc.
Keep the customer at the heart of all decisions, deliver fair outcomes for our customers and ensure own conduct maintains the orderly and transparent operation of financial markets.

Requirements

Experience & Qualifications:

Graduate preferably with additional qualifications such as MBA / ACA / CFA / ACIB.
Minimum 5 years corporate lending experience, as a Credit Officer and/or Corporate Banking Relationship Manager, preferably across multiple geographies.
Fully conversant with corporate lending products including complex transactions, project & export finance, structured trade finance, asset backed lending, and debt capital markets.
Technical skills: proven financial analysis skills, interpreting balance sheet and P&L, stress-testing cashflows, etc.
Ability to understand, consolidate and apply critical thinking to complex business information in order to identify and mitigate risks.
Ability to cultivate strong relationships with Business, at all levels, as well as various Partners including Legal, Products, Group.
Ability to handle and present challenging proposals to senior management in a clear and succinct manner.
Experience in and understanding of the UAE market will be an advantage, as well as experience in presenting to formal governance or other regulatory bodies.
Aside from technical skills and experience, the jobholder will be self-driven & curious, commercial, comfortable in handling difficult conversations but also in taking pragmatic decisions.
Graduation degree is REQUIRED– to secure a UAE Visa and Work Permit

For further details and application information please visit our careers site, searching under reference number (ID: 0000LNXT).

We support our staff to adopt flexible and alternative ways of working where possible, including working from home and different hours subject to approvals.

HSBC is committed to building a culture where all employees are valued, respected and opinions count. We take pride in providing a workplace that fosters continuous professional development, flexible working, and opportunities to grow within an inclusive and diverse environment. Personal data held by the Bank relating to employment applications will be used in accordance with our Privacy Statement, which is available on our website.

Issued by The Hong Kong and Shanghai Banking Corporation Limited

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