HSBC Project Manager - Risk Transformation (1 year fixed term contract) in British Columbia, Canada
Employee Type: Regular
Global Change Delivery Project managers plan, mobilize and direct projects of medium to high complexity and scale from inception to closure. They are typically responsible for the end to end delivery of a single project or work stream of a larger project or program, proactively balancing scope, schedule, budget, risks, outcomes and benefits. Projects can be standalone or form part of a program. They are responsible for deploying the HSBC Project Management framework and other Global Change Delivery frameworks within their project. They work closely with Program Managers, Senior Project Managers and Global Portfolio Management Office to ensure alignment of their project with the wider change portfolio and the Group Strategy, Values and Behaviors. Small Change Project Managers provide project management oversight to multiple smaller initiatives at the same time within a priority market.
Impact on the Business
- Initiates the project, obtaining authorization to start the project and scope the project. Engages the project Sponsor and/or Steering Committee.
- Plans effectively around delivery constraints and optimizes the plan to maximize benefits and minimize risk. Develops the plan within constraints, considering the delivery approach, key milestones and dependencies within the plan, requirements and scope, effort and resources, budgets and quality.
- Ensures the baseline scope, requirements, benefits, schedule and budget are delivered by the project. Identifies and intervenes where there is slippage and variance from plan.
- Proactively monitors project execution to effectively identify risks/issues/dependencies as they arise throughout the project lifecycle. Takes ownership of critical issues and ensures resolution within agreed timescales and implements mitigating plans against identified risks and issues. Escalates when needed to the Program Manager (remaining calm, knowing when to escalate, escalates with possible solutions).
- Collaborates and builds positive stakeholder and business partner relationships providing regular updates to resolve high priority issues affecting the project
- Obtains buy-in from the project sponsor, Steering Committee and other business partner stakeholders for all key project plans, commitments, and changes including requirements, quality assurance plans, budget, schedule, and scope changes
- Analyses management reports, and derives insights from it to drive the right business decisions
- Sets the pace and operating rhythm, driving a culture of achievement and ensures pace by identifying and removing barriers to project success.
- Promotes pace and energy within the team and leads by example
- Keeps focus on the medium and long term goals and the Group’s values particularly when under short term pressure
- Manages change and implementation within the business to ensure the change lands well and sticks, contributing to benefits realization
Manages project closure and handover to the business
Leadership & Teamwork
Identifies and shares the resource requirements of the project, to the Program Manager and/or Head of Resource Practice requesting the appropriate skill set and/or experience
- Ensuring good project induction and orientation – i.e. the team understand the project context and content, the importance of stakeholder management and wider program goals
- Defines high level responsibilities and objectives for members of their project team
- Provides regular constructive feedback and coaching to individuals to improve their performance and support their development and career progression
- Acts as a role model to create and maintain a collaborative team environment which supports and encourages the professionalism and development of our teams
- Maintains a strong focus on people development and ensures project resources receive any necessary training and support, particularly on the Global Change Delivery frameworks
- Outside of the project context, the Project Manager may have functional/line responsibility for a pool of Project Managers, typically this will involve, performance management, resource management and professional development, by setting and agreeing objectives and coaching as and when required
- Working with or as a team leader drives a performance management based culture to improve and drive efficiencies and delivery including the effective management of underperformers
- Rolling resources off the project team in a planned and responsible manner, completing performance feedback and helping resources move onto their next project
- Promotes the Group’s Values and strategy by creating a positive work environment and promoting teamwork to drive engagement
Promote an environment that supports diversity and reflects the HSBC brand.
Operational Effectiveness & Control
Produce a well-defined project plan, identifying the key milestones and assigning responsibilities/resources
- Develops the plan in line with HSBC project management methodology
- Communicates the plan to stakeholders
- Develops and/or reviews estimates and estimating assumptions for the project’s schedule, effort, and cost using established Global Change Delivery estimating models, best practices, and past experience
- Mobilizes the project team and allocates tasks and roles
- Provides timely reports on project status, risks and issues, evaluating project performance based on management information
- Manages and reports on the project budget, acting on any variance
- Manages and reports project risks, issues and dependencies
- Drives a culture of achievement and ensure pace by identifying and removing barriers to project success
- Maintains project change control, ensuring any changes to baseline are managed through change request and all impacts are considered
- Promotes and takes accountability for project quality; identifies opportunities to improve delivery and oversees the governance process to reduce risk and ensure effective and timely decisions are taken
- Ensures project team follow quality assurance processes, Global Change Delivery frameworks and methodologies to ensure the common high performance approach across Global Change Delivery
- Ensures governance processes and decisions are applied consistently, including:
- Engaging the project sponsor and stakeholders effectively
- Creation and running of effective Steering Committee, who make focused decisions, based upon accurate and timely status, performance reports. Using the committee as the first point of escalation.
- Seeks project quality assurance, acting on recommendations.
- Use GPfMO for standardized project metrics and reporting driven out of Clarity. Management by exception of budget and schedule variance. Ensuing accurate and responsible status reporting. Escalating, coordinating any mitigates or remedial action.
- Creates stage tollgates, tracking progress, checking for mandatory method steps/deliverables.
- Ensure that all employees are aware of and effectively identify and manage applicable money laundering (ML), terrorist financing (TF), sanctions and reputational risks.
Complete other responsibilities, as assigned.
Management and control of projects to meet exacting timescales necessary in a competitive market place
- Defining the approach and dealing with complex requirements and unique projects – often one off initiatives
- Achieving benefits (cost reduction, revenue increase, strategic goals) set out in the business case
- Management of stakeholders
Working with multiple delivery and business partner teams
The vision statement for Change Delivery is “To be the businesses’ primary change partner, support the implementation of the Group Strategy and make change a source of sustainable competitive advantage for HSBC”
- The Project Manager role is distinct from the Senior Project Manager role (GCB 4) in the scale and importance of the projects they manage and resource pool responsibilities. The Project Manager role is distinct from the Associate Project Manager role (GCB 6) in their level of experience and independence as a project manager.
- Project Managers manage change through projects which are established to deliver a specific outcome, on time and on budget. The projects will typically have a clearly defined output, fixed start and end date with a well-defined development/delivery path. Projects may be stand alone or part of a Program.
- Project Managers are required to take decisions and lead change initiatives and on occasions manage stakeholder and senior management relationships. Project governance must be established, including clear sponsorship, tollgates and steering committee. The jobholder will not be subject to close supervision, and will be expected to exercise independent initiative and judgment in proactively overcoming obstacles to success, dealing with uncertainty and changing circumstances, such as interdependencies, opportunities or risks. He / She will be expected to adopt an agile and flexible approach to work and an outstanding level of professionalism and conduct.
The role holder will operate within the usual authority limits for a GCB5 Project Manager
Management of Risk
Ensure compliance of both general and anti-money laundering and anti-terrorist financing (AML/ATF) compliance controls as well as operational risk controls in accordance with HSBC or regulatory standards and policies; and optimize relations with regulators by addressing any issues.
- The jobholder will also continually reassess the operational risks and likelihood of operational risk occurring. This will be achieved by reviewing 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 processes.
The jobholder should then address any areas of concern in conjunction with line management and/or the appropriate department.
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.
- The jobholder will adopt the Group Compliance Policy by escalating any identified compliance risk in liaison with, 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.
- Senior Project Managers adhere to the Groups standard tools and methodologies :
- Global Change Delivery Program Management Framework
- Global Change Delivery Project Management Framework (RBPM)
- Group Standard Business Case
Excellent understanding of the project lifecycle
- Excellent understanding of Global Change Delivery frameworks, methodologies and best practice techniques
- Understanding of the purpose, culture and fundamentals of Global Change Delivery
Understanding of banking / HSBC and understanding of how change drives benefits for HSBC, its customers and other stakeholders
Project management skills and experience
- People manager and broad experience in managing teams of different work streams
- Examples of the delivery of on time and on budget projects that achieve business case stated outcomes – a driver with bias towards delivery at pace and controlling project outcomes
- In depth experience of working in a banking environment and change projects
- Stakeholder management experience, especially impactful communication, influencing and running project governance Implementation, change management and benefits realization
Implementation, change management and benefits realization
Planning and Plan Management
- Risk and Issues Management
- Global Mindset
- Decision Making
- Lead Self and Others
- Business Case and Benefits Realisation
- Change and Implementation Management
- Financial and Budget Management
- Tracking, Reporting and Governance
- Stakeholder Management
- Resource and Team Management
- Delivery at Pace
- Achieving excellence
- Qualifications and Accreditations
- PMP training
- ACIB (Associate of the Chartered Institute of Bankers) or equivalent local banking qualification - Optional
Job: *Risk Management
Title: Project Manager - Risk Transformation (1 year fixed term contract)
Location: Canada-British Columbia-Vancouver
Requisition ID: 00008H0W