Regional Head of Special Credit Unit

Accounting / Finance Banking Full Time
  • Accounting / Finance
  • Banking
  • Full Time
  • United Arab Emirates
  • Attractive Salary
  • Salary: Attractive Salary
  • Minimum of a bachelor’s degree is mandatory

Website HSBC

HSBC would be a real alphabet soup if the company's name reflected its geographic diversity. One of the world's largest banking groups by assets, HSBC Holdings owns subsidiaries throughout Europe, Hong Kong and the rest of the Asia/Pacific region, the Middle East and Africa, and the Americas. All told, the company has some 7,500 locations in more than 80 countries. Its activities include consumer and commercial banking, credit cards, private banking, investment banking, and leasing. Its North American operations comprise HSBC USA, HSBC Bank Canada, HSBC Bank Bermuda, and Grupo Financiero HSBC in Mexico.

Regional Head of Special Credit Unit

Full Job Description

Regional Head of Special Credit Unit

Some careers have more impact than others.

If you’re looking for a career where you can make a real impression, join HSBC and discover how valued you’ll be. 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.

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 Purpose:

In this role, you will:

  • In conjunction with the business line seek to identify customers showing first signs of distress so early action can be taken to minimise loss.
  • Ensure HRPE accounts under SCU management responsibility are pro-actively managed, appropriate professional support obtained, reasons for distress and potential solutions quickly identified, strategy/action plans to minimise loss/maximize recoveries/optimise income/protect Bank’s reputation created and vigorously implemented.
  • Ensure that post business insolvency direct/third party recoveries maximized.
  • Ensure Equity interests arising from distressed restructurings are effectively managed to maximise recoveries in the medium term.
  • Ensure that SCU follow the Bank’s “Conduct” agenda always seeking to treat customers fairly.

Key Accountabilities:

Customers / Stakeholders

  • Work in partnership with MENAT GB, CMB, MME, Business Banking, and Private Banking businesses to minimize loss
  • Team to adopt HSBC conduct agenda
  • Executive local, Regional and Global management aware of potential and actual risks
  • Reputational risk always consciously considered

Leadership & Teamwork

  • Demonstrate and promote HSBC values
  • Build a coordinated best in class MENAT Special Credit Unit Capability.
  • Encourage proactive people management including development plans and ensuring that levels of resources are appropriate
  • Snapshot surveys demonstrate progression

Operational Effectiveness & Control

  • Review operations and engage positively in transformation programmes to optimize risk management and customer focus whilst seeking to facilitate streamlining and sustainable headcount saves.
  • Operate in accordance with FIM’s, SCU Global Operating Guidelines BIM’s, and Compliance policy.
  • Ensure SCU comply with “Conduct” agenda treating customers fairly and ensure positive conduct outcomes

Requirements

To be successful in the role, you should meet the following requirements:

  • Minimum of a bachelor’s degree is mandatory
  • Extensive experience in work-out /managing distressed assets and loan recovery situations
  • Prior banking experience working in the Middle East
  • Experience of leading and driving performance through a team of mixed grades and capabilities
  • Excellent communicator, with the ability to build positive relationships with senior stakeholders and customers.
  • Comfortable working in a matrix environment
  • A strong advocate of good conduct and culture

You’ll achieve more when you join HSBC.

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.

To apply for this job please visit mycareer.hsbc.com.

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