Vice President, Unsecured Credit Risk Management

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 Job Description - Vice President, Unsecured Credit Risk Management (0000CQ1R)

Job Description 

Vice President, Unsecured Credit Risk Management : 0000CQ1R 



Manages staff responsible for design, development, implementation and validation of credit policy, risk and/or marketing systems in an effort to manage the risk of consumer receivable portfolios. 


Impact on the Business 

  • Manage staff and/or external consultants in the development and/or implementation of statistical models, risk criteria, credit attributes, and alternative strategies for direct mail response/activation, account acquisition, credit limit settings, authorizations and collections
  • Work with senior management in the development of risk management systems and strategies. Should work with Technology Services and external vendors to select, design and implement risk management/data aggregation systems, as appropriate
  • Manage credit risk management assignments and projects undertaken by independent external consulting organizations. Ensure effective, efficient and compliant results

Operational Effectiveness & Control 

  • Develop and recommend credit standards for one or more business units
  • Develop and install credit monitoring and tracking systems designed to quantify the differences in effectiveness of alternative strategies for credit limit management authorizations, underwriting standards for account management and collections
  • Should review and analyze existing business unit strategies and recommend and implement new strategies, as appropriate (i.e. credit line management, collections, authorizations, communications, card reissue, and dynamic re-pricing modules)
  • Develop economic and portfolio forecasts including a thorough analysis of portfolio performance and loss analysis/segmentation

Role Context

  • This position should directly manage at least two professionals
  • Additional responsibilities that this position may have within specific HSBC business units:
  • Manage and monitor access and usage of credit bureau related products and services
  • Provide regular tracking reports to business units regarding data related expenses
  • Ensure contractual requests are appropriately reviewed by corporate and/or external counsel

Management of Risk 

  • Ensure compliance, operational risk controls in accordance with HSBC or regulatory standards and policies; and optimize relations with regulators by addressing any issues
  • Promote an environment that supports diversity and reflects the HSBC brand

Observation of Internal Controls 

  • Maintains HSBC internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators


  • Seven years proven credit policy and/or credit risk management experience, or equivalent. Knowledge and understanding of financial services preferred

  • Bachelor's degree in mathematics, statistics, finance, economics, related field or equivalent experience; Masters Degree preferred

  • Strong management, interpersonal, organizational, analytical, problem-solving, negotiation, project management and verbal and written communication skills
  • Proficiency with personal computers as well as pertinent mainframe systems and software packages



Job Field

 : Risk Management

Primary Location

 : North America-United States-Illinois-Arlington Heights


 : Full-time 


 : Day JobType of Vacancy : Country vacancy

Job Posting

 : 14-Mar-2019, 05:23:59 

Unposting Date

 : Ongoing  

13 April 2019
Location: United States Illinois Arlington Heights
Work type:
Full time
Banking and Financial Services
PLEASE! No enquiries from Recruitment Agencies or Headhunters.

Only direct applications will be considered.

This career opportunity is no longer open.
Please search for current vacancies here.

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