Global Third Party Risk Management Director

Third Party Management (“TPM”) is a first line global function responsible for developing the tools and processes to enable the Bank to be compliant with the Group Third Party Risk Policy and relevant regulatory expectations. The topic of third party risk is a key area of focus for the Bank, and continues to be at the top of the regulatory agenda for financial services regulators. As such, internal policies and regulatory guidance and expectations in this area are continuously evolving. To achieve compliance with internal policy and regulatory expectations, HSBC has built technology platforms and risk assessment processes in the 1st line to undertake the assessment, due diligence, monitoring and assurance of Third Party Risk.

TPM Governance and Control is responsible for the development and maintenance of Group-wide TPM frameworks and standards, ensuring TPM processes are in alignment with new and evolving internal (policy) and external (regulatory) requirements, governance to ensure processes are embedded globally and operating effectively, and monitoring of the regulatory landscape. This role is an STA role for a period of 6 months. This leadership role will influence and collaborate with a wide range of global stakeholders across HSBC, including senior leadership teams on matters relating to Third Party Risk Management oversight, across all GBGF and Regions. The role holder will interface with 2LOD Risk Stewards and senior Group stakeholders to design and support the implementation of agreed standards across all Global TPM Processes enabling alignment with HSBC frameworks and policies.

The role holder will use the outcome of key Internal Audits to help shape the future of TPRM, identify thematic issues and bolster the quality of the third party risk process. Key Accountabilities Impact on Business Employ credible technical and professional practices to achieve compliant and efficient TPM practices in collaboration with 2LOD and regional stakeholders. Challenge 1LOD and 2LOD stakeholders, where required, to think creatively and pragmatically on the approaches to Third Party Management. Identification and ownership of continuous improvement and ad-hoc programmes of work that support the TPM transformation journey – proactively identifying process and control weaknesses in any aspect of the process and ensuring appropriate actions are put in place to rectify.

Customers / Stakeholders Excellent communication and influencing with senior business leaders around all aspects of TPM frameworks, standards, and governance. Respected and trusted as a senior source of expertise, support and information in relation to all policy and regulatory expectations. Strong and effective relationships maintained with a wide range of stakeholders from Regional leadership teams, Regional TPM Leads, and 2LOD Risk Stewards. Leadership & Teamwork Work closely and effectively with 2LOD Risk Stewards, Regional teams, Procurement, and Service Management Support to deliver clear and reportable solutions for TPM and associated TPR controls.

Share best practices with colleagues in the business, TPM, and 2LOD. Be a key influential member of the TPM team. Demonstrate and promote the value of taking an end to end perspective on third party management through the third party lifecycle. Operational Effectiveness & Control Support the Head of Governance and Control to define and draft appropriate content and requirements for frameworks and standards and maintain registers of regulatory requirements and change.

Facilitate Global governance forums and track and report on actions to mitigate risk. Drive for improvement of the efficiency and effectiveness of risk oversight. Major Challenges Evolving credible services for TPM to support the business and function challenges. Significant areas of change occurring in parallel across the bank.

Having, and maintaining, a very strong understanding of third party risk topics in financial services in order to be able to evolve the service. Staying a step ahead of regulatory and 3LOD expectation around emerging third party risk topics. Influencing 2LOD Risk Stewards across HSBC to drive a consistency in policies and processes. Handling complexity – balancing the ongoing transformation of the TPM service and requirements within HSBC alongside the BAU delivery of TPM as outlined above. #J-18808-Ljbffr