Product Risk, HSBC

HSBC

Location:
United States, New York

Category:
Finance

Contract Type:
Employment contract

Salary:

100400.00 - 150600.00 USD / Year

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Job Description:

The Associate, Product Risk is responsible for supporting the Regional Head of Product Risk in ensuring that the product governance framework is adhered to within the Corporate and Institutional Banking (CIB) business. This includes tasks such as overseeing product lifecycles, collaboration with global teams, risk management, documentation, and supporting governance processes.

Job Responsibility:

Develop an understanding of global market products, the regulatory environment that oversees them and how they are risk managed
Provide guidance, with direction from the manager to the CIB-MSS Desks across our sites to ensure awareness of product governance requirements for new products, variations to existing products, individual transaction approvals for structured trades when required as well as significant changes to processes or systems
Support the Regional Product Risk Head in the preparation and coordination of stakeholder meetings
Ensure that documentation standards are followed, and incremental risks associated with the activity and any feedback and conditions raised by control groups and risk stewards are understood and presented to management prior to final approval being granted
Work with the relevant Businesses and Market Risk to provide governance for changes to permissions related to the trading desk’s permitted product lists
Administer post execution reviews on recent product/service deliveries and conduct ongoing product reviews to ensure product offerings on the shelf at HSBC remain fit for purpose, are being sold to appropriate client sectors and remain within HSBC’s risk appetite
Build and maintain strong relationships with asset class business partners (e.g. Trading, Sales, Chief Operating Officers (COOs), Business Managers, NFR team members), risk stewards’ / control groups (e.g. Regulatory and Financial Crime Compliance, Legal, Traded Risk, Product Control) and our global product risk team in the United Kingdom, Hong Kong, and Bangalore
Produce accurate Management Information related to the Product Risk processes used for internal product governance meetings as well as meetings with external parties (e.g. regulators, auditors) and producing accurate and detailed records of internal governance meetings
Develop an understanding of how initiatives are assessed using our Enterprise-Wide Risk framework, over time being able to provide guidance to the Business and risk stewards as needed and of the Group level, MSS and local site policies and procedures with respect to product governance

Requirements:

Bachelor's or equivalent degree
Clear communication skills, particularly the ability to distil complex items down to the key points and communicate these to senior management and the ability to manage stake holders’ expectations
Strong organizational skills, ability to proactively anticipate, react and respond to change, ability to multi-task and project management experience
Excellent written and verbal communication skills, Microsoft Office knowledge, strong interpersonal skills including ability to influence and encourage
Able to work within a team and independently, detail oriented, proactive, inquisitive, willing to use own initiative to resolve issues, comfortable with change and ability to prioritize work delivery based on most urgent items which may switch in flight
Experience in a business line within Global Banking & Markets would be helpful with an overall knowledge of the range of Global Markets products or in-depth product knowledge of a specific asset class
Able to articulate business requirements on behalf of front office practitioners and an ability to read feedback provided by risk stewards and control groups and identify conditions, manual processes and key risks
Knowledge of the product due diligence process at HSBC or other leading international banks would be a significant advantage
Familiar with HSBC current systems, business processes, working with multiple regions, time-zones and cultures

Nice to have:

Experience in a business line within Global Banking & Markets
Knowledge of the product due diligence process at HSBC or other leading international banks
Familiar with HSBC current systems, business processes, working with multiple regions, time-zones and cultures

What we offer:

Competitive pay and benefits package
Professional development opportunities
Robust Wellness Hub
Diverse and inclusive work environment
Volunteerism policy
Generous matching gift program
Immersive Sustainability and Climate Change Initiatives
Employee Resource Groups

Additional Information:

Job Posted:
July 30, 2025

Expiration:
August 12, 2025

Employment Type:

Fulltime

Work Type:

Hybrid work

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