HSBC Group

Why join us?

• HSBC is one of the world’s largest banking and financial services organizations. We serve more than 40-million customers through our global businesses: Wealth and Personal Banking, Commercial Banking, and Global Banking & Markets. Our network covers 64 countries and territories in Europe, Asia, the Middle East and Africa, North America and Latin America.  
• The Group’s regulators require the Compliance function to assess the adequacy of the firm’s controls, processes, procedures and resulting outcomes to manage risk. This responsibility is met by the Compliance Assurance (CA) sub-function.
• Compliance Assurance are responsible for determining the effectiveness of the Group’s financial crime and regulatory controls, independent of Control Owners (who are responsible for day-to-day monitoring). Compliance Assurance covers all Financial Crime (FC) and Regulatory Compliance (RC) risk taxonomies across all businesses, functions and geographies of the Group. The division assesses, on an end-to-end basis where possible, the effectiveness of prioritised FC and RC controls embedded in the first line of defence and those operated by the second line on their behalf, and represents an integrated part of the function in discharging its assurance responsibilities.
• The role will be responsible for delivering assessments of assigned risks and controls, in accordance with  Group-wide Assurance procedures and the Compliance Assurance assessment plan.
• The role holder will be required to support in assessing the effectiveness of assigned FC and/or RC controls, identifying and raising issues where control gaps lead to material unaddressed compliance risks.

What you’ll do:

• Customise and localise standard test scripts and then evaluate assigned controls for design and operating effectiveness, raise issues as appropriate.
• Ensure that assigned control assessments are accurate, effective, abide by Compliance Assurance procedures and templates, and meet quality control requirements.
• Ensure that assigned control assessments are delivered on time, in accordance with the Compliance Assurance assessment plan.
• Supervise the delivery of assigned control assessments using experience and knowledge to intervene and redirect testing as required, resolving or redirecting escalations as required.
• Manage control owners and other stakeholders, ensuring the success of each assigned reviews, minimising contention where possible and requesting support where deemed necessary.
• Manage the documentation of distinct control types, covering key aspects, such as remit, main processes and handovers to other teams.
• Ensure that issue owners complete sufficient root cause analysis for all material issues and have appropriate remediation plans in place.

What you will need to succeed in the role:

• Experience in financial services compliance, testing, audit and/or legal management experience or equivalent.
• Good understanding of financial crime and/or regulatory compliance and/or the aptitude to develop this understanding in good time, and must be familiar regarding relevant regional laws, regulations and the overall regulatory environment.
• Minimum Bachelor’s degree in related field such as business, finance, law or equivalent experience; Master’s degree preferred.
• Proven organisational, planning, interpersonal, managerial, analytical, problem-solving, decision-making, and team building skills.
• Ability to manage conflicting priorities effectively and proven ability to meet challenging deadlines.
• Experience working with local and regional stakeholders, and an understanding of global standards of quality.
• Ability to work with different cultural groups and build consensus.
• Requires understanding of the changing regulatory landscape regarding compliance functions within the banking industry.
• Ability to exercise discretion, work independently within broad guidelines, tactfully handle sensitive and confidential data and complete assignments timely.
• Experience utilising assurance automation and analytics tools preferred. Strong English language skills (written and spoken) and proficient with Microsoft Office.
• Fluent in both oral and writing Cantonese is preferred but not essential.