Offers “HSBC”

Expires soon HSBC

Pension Risk Governance Analyst

  • Internship
  • London, UNITED KINGDOM

Job description



Role Title: Pension Risk Governance Analyst

Business: Risk

New or Existing Role? New

Grade: GCB5

Role Purpose
· Provide support in the shaping and stewardship of the pension risk management infrastructure of the Group, to champion effective management of pension risk and resulting capital requirements. Role holder will support and assist with governance and modelling processes, contribute to guidelines for management of pension and other post-employment benefits risks and will liaise with key HR, Finance and Risk colleagues across the globe.

Key Accountabilities

Impact on Business

· Support global pension risk projects and BAU activities as needed to enhance governance and risk management practices around the globe.
· Assist with the setting of global policy standards and controls
· Responsible for the aggregation of the global pension risk map monthly, and accompanying commentary
· Coordinate responses from sites around the world on existing or new regulation as needed
· Track progress of global internal audit items relating to pensions;
· Keep abreast of key pension regulatory changes and help to implement and monitor compliance with those regulations across the regions to the extent there is a global impact.
· Draft papers on a wide range of pension risk topics for Pension Risk Oversight Forums (POFs) and other senior bank committees.
· Maintain pensions data and management information.
· Provide secretarial support to POFs as needed.
· Support pension modelling work as required, subject to receiving any necessary training


Customers / Stakeholders

·
Support regional colleagues with implementing global policy standards and with risk oversight in connection with any of the Group's pension plans as required from time to time.

· Engage regularly with and become a key contact for colleagues with responsibility for pension benefits and those with financial and capital management responsibilities impacted by pensions – this will include colleagues in HR, Finance and Risk.
· Working with procurement from time to time in relation to review of third party services.
· Support negotiations and sound relationship with pension scheme trustees/fiduciaries as required.

Leadership & Teamwork

·
Work well within a small Global Pension Risk team in a fast paced environment

·
Influence a range of colleagues across regions and functions to ensure pension risk is managed well

·
Positively motivate self and others when issues and difficulties arise

Operational Effectiveness & Control

·
Support the implementation of effective processes and systems supporting the pension benefit risk strategy, which may include HSBC's Principal Risk Reporting systems and monitoring the effectiveness of Risk & Control Assessments.

·
Ensure that the effectiveness of internal control activity is properly monitored


Major Challenges
· Working to a backdrop of changing economic conditions and regulatory environment
· Dealing with multiple stakeholders across the globe, in some cases with little common knowledge of each other's areas
· Implementation and driving change across multiple business lines/geographic teams
· Dealing with ambiguity and incomplete information when providing expert guidance to decision makers
· Demand to meet Regulatory and Group requirements/standards – often within short timescales

Role Context
· The Global Pension Risk team is small and responsible for a material quantum of risk within HSBC. The tasks will require contact with senior executives across the group, both cross border and across multiple functions. The role holder will have authority to carry out the key activities and will be guided by their manager, the wider team and by HSBC policies.

Role Dimensions
· HSBC operates c140 pension and other post-employment benefit plans around the world with over $50bn in assets.
Management of Risk
·
The roleholder will ensure the fair treatment of our customers is at the heart of everything we do, both personally and as an organisation. This will be achieved by consistently displaying the behaviours required to support the Best Place to Bank principles of Make Better Products, Sell Them Properly and Keep Them Sold.

·
The roleholder will also continually reassess the operational risks associated with the role and inherent in the business, taking account of changing economic or market conditions, legal and regulatory requirements, operating procedures and practices, management restructurings, and the impact of new technology.

·
This will be achieved by ensuring all actions take account of the likelihood of operational risk occurring.

·
Also by addressing any areas of concern in conjunction with line management and/or the appropriate department.

Observation of Internal Controls

· The jobholder will also adhere to and be able to demonstrate adherence to internal controls. This will be achieved by adherence to all relevant procedures, keeping appropriate records and, where appropriate, by the timely implementation of internal and external audit points, including issues raised by external regulators.
·
The jobholder will implement the Group compliance policy by containing compliance risk in liaison with Global Head of Compliance, Global Compliance Officer, Area Compliance Officer or Local Compliance Officer. The term ‘compliance' embraces all relevant financial services laws, rules and codes with which the business has to comply.

·
This will be achieved by adhering to all relevant processes/procedures and by liaising with Compliance department about new business initiatives at the earliest opportunity. Also and when applicable, by ensuring adequate resources are in place and training is provided, fostering a compliance culture and optimising relations with regulators.

Desired profile



Qualifications :

·  Qualifications
·  Undergraduate degree a numerate subject, such as Mathematics, Economics, Business Administration, Finance or a related field. Pension/benefit management diploma will be an advantage.
·  Experience
·  Familiarity with typical pension and other post-employment benefits, including their administration and funding
·  Familiarity with risk management processes and vocabulary
·  Experience working within formal governance structures and understanding importance of proper record keeping as relates to committee agendas & minutes, formal approvals and delegations of authority.
·  Familiarity with basic accounting concepts and legal entity structures an advantage
·  Skills
· 
Ability to form effective relationships and achieve influence with peers and senior managers who may work in very different roles and a range of different countries

· 
Strong analytical skills and financial literacy

· 
Communication and interpersonal skills

· 
Proven ability to self-manage and prioritise competing demands

· 
Ability to embrace change, contributing to joining up with the other teams in Risk Strategy and function globally

· 
Ability to think creatively and develop innovative solutions

· 
Full knowledge of the Microsoft Office product suite (Word, Excel, Powerpoint, Outlook)

· 
Experience with platform PFaroe an advantage




Within HSBC certain roles are designated as Enhanced Vetting Roles. For these roles, all internal and external applicants are required (subject to local laws), to pass satisfactorily a series of additional checks both as part of the application process and, if successfully recruited into the Enhanced Vetting role, on an on-going basis. The Group reserves its position with regard to any steps which it may take in relation to any material adverse findings which arise either when the checks are first carried out as part of this recruitment exercise, and/or if relevant, on an ongoing basis.
This role has been designated as an Enhanced Vetting Role.

As a business operating in markets all around the world, we believe diversity brings benefits for our customers, our business and our people. This is why HSBC is committed to being an inclusive employer and encourages applications from all suitably qualified applicants irrespective of background, circumstances, age, disability, gender identity, ethnicity, religion or belief and sexual orientation.

We want everyone to be able to fulfil their potential which is why we provide a range of flexible working arrangements and family friendly policies.

https://www.hsbc.co.uk/1/2/popups/uk-privacy-statement#/ overview

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