Job description
Role purpose
The Chief Executive Officer (CEO) for Channel Islands and IOM (CIIOM) is responsible for leading HSBC in CIIOM, the implementation of Global Line of Business strategies in line with the Group’s Risk Management Framework, ensuring these remain within the HSBC Bank plc and Europe’s stated risk appetite, and for embedding HSBC’s culture, overseeing the delivery of fair outcomes for customers and maintaining market integrity.
The country CEO is the senior representative of the Group in the remit Country. The CIIOM CEO must act in accordance with HSBC’s purpose and values, be cognizant of all applicable local legal, fiscal, regulatory and shareholder requirements, and must prudently steward the entity from a risk perspective.
Principal Accountabilities and Responsibilities
As the CEO, HSBC Bank plc CIIOM:
The job profile provides a broad overview of the job of Country CEO and is not intended to exhaustively describe the job. The job is responsible for:
- The Group's operations in the Country and for maintaining the Group's relationship with the three Governments and Regulators
- Embedding HSBC culture and values and supporting behaviours in the execution in-country of global strategies; implementation of Global Standards
- Responsible for the management of risks to which the entity is exposed per the Group’s Risk taxonomy. This includes financial crime risk, reputational risk, conduct risk and regulatory risk
- Accountabilities across the First and Second Lines of Defence
- Accountability for ensuring compliance with rules, regulations and laws lies with the legal entity CEO, as the executive level Risk Owner
- Management of the Bank's relationship with customers, employees and employee unions
- Ensuring that the Group's corporate responsibilities are fulfilled across the local CIIOM communities
- Working closely with Heads of Global Businesses, deliver financial plan in line with FRP and additional stretch growth targets where specified
- Identifying relevant cost and/or investment opportunities to support local LoB strategies based on a detailed understanding of local LoB strategies, risk profiles, products and markets in which the business operates
The CEO inputs into the strategy and leadership, manages and builds sustainable profitable business and optimises resource allocation collectively with the Heads of Global Businesses & Functions operating in the Country and in the Region, consistent with the Group's Strategy.
As the CEO, other CIIOM HSBC Entities and Affiliates
Across CIIOM, there are 24 different corporate entities to note, of which, 3 are HBEU Branches (JSY branch, GSY branch and IOM branch) and 21 are Separate limited companies/legal entities.
From the 21 entities:
- 5 are subsidiary companies connected to GPB/HTCI operations
- 7 are designated HSBC Affiliates, with CEO accountability under the HSBC Affiliate Target Operating Model
- 9 are not within the CEO’s remit
Leadership & Teamwork
- Creates a high performing and diverse senior leadership team, underpinned by robust succession planning, talent management, resourcing and performance management.
- Works collaboratively with other senior executives in HSBC Bank plc, Europe, Global Line of Businesses, Principal Business Units, Global Functions and DBS, to input to strategies, plans and priorities for HSBC Bank plc CIIOM in support of the Group strategy.
- Builds a strong network across HSBC Bank plc, Europe and the wider Group.
- Implements the Group’s performance management and reward strategies, promoting sustainable business growth and allocating rewards that align to responsible risk management.
Functional Knowledge
- In-depth knowledge and experience in a wide array of banking areas. Strong management, leadership and interpersonal skills are mandatory to supervise and lead the entity, business and functional heads to achieve business targets, as well as to coordinate with business/functional heads in Group.
- Remains up to date on latest industry and market developments (e.g., technology, regulatory); enable teams to incorporate improvements to drive towards operational excellence.
- Understands macro-trends impacting operations and identify solutions to remain competitive in the market.