Job Advert Details
Business: Risk & Compliance
Open positions: 3
Role Title: AVP FC COE - Regulatory Development - Europe
Global Career Band: GCB5
Location: Quezon City, Philippines
Recruiter Name : Veronica Benz Suarez
Why join us?
Our Risk and Compliance function has a critical role to play in supporting, challenging and advising across all areas of the business through establishing policy, monitoring profiles, and identifying and managing forward-looking risk and compliance. We focus on creating an environment that encourages our people to speak up and do the right thing, as well as protecting our customers, the organisation and the integrity of the financial markets in which we operate. Already an industry-leader in many respects, we want to continue setting standards and evolving to respond to strategic changes.
The Compliance function is a Second line of defence (LOD) function, responsible for reviewing and challenging the activities of the Group’s businesses (also referred to as "the First LOD") to ensure that they effectively manage as "Risk Owners" the risks inherent in or arising from the conduct of their activities and for which they are responsible. The Second LOD consists of 'Risk Stewards' who are independent of the commercial risk-taking activities undertaken by the First LOD. The Compliance function is a Risk Steward for a number of non-financial risks in accordance with HSBC Group’s risk framework.
The Opportunity:
The AVP FC COE for Regulatory Development - Europe (GCB5) supports the Europe region in managing the Financial Crime risks that it faces and is focused on and responsible for ensuring that the regulatory landscape is monitored effectively for changes that impact the Financial Crime risk programme. The role holder will be responsible for ensuring regulation changes and developments are identified, evaluated, and feed into implementation and policies streams effectively to ensure HBEU and HBCE adhere to regulations, risks are reported and escalated via appropriate governance, and industry best practices are shared.
What you’ll do:
* Engage with markets and horizon scan for regulatory developments across the region to identify emerging regulation, trends, and their potentioal impacts; taking responsibility for socialising new regulatory updates, engaging and mobilising market and regional stakeholders as required.
* Completing daily horizon scanning of the external environment including regulatory developments, news, and enforcement actions; working with other Risk Stewards to identify areas for read across, understanding our exposure to such changes and communicating our policy and control environment position.
* Working with the wider FC Europe team, supporting further horizon scanning analysis activities, to identify, capture and report on trends and typologies within the risk landscape, allowing for better preparedness and the incorporation of mitigation into policy making and training planning processes.
* Review of policies in market to understand country regulation, and financial crime risk considerations unique to the operating environment.
* Act as a regional SME, working with in market teams to identify changes in legislation and industry best practice. Supporting the stewardship of emerging risk and trends, advising leadership on potential impacts.
* Input into and updating of RAPID2 where required with regulation (new and updates), liaising with market and regional teams.
* Support and input into HSBC responses to regulator engagements as they relate to the Financial Crime risk programme, where required.
* Engage with Europe Reg Affairs and other key stakeholders and share information to region and market contacts as necessary
* Assist in the production of periodic regulatory development papers, emerging risk papers and maintaining horizon scanner trackers and documents. Attending and supporting Regulation Development forums as required, including relevant meeting materials.
* Be part of periodic testing of internal controls to ensure accuracy and completeness of execution of regulator change management processes.
Qualifications
What you will need to succeed in the role:
• Experience of dealing with regulatory matters and confident interaction with senior stakeholders. Proven track record of successfully navigating the complexities of multijurisdictional regulations and compliance.
• Excellent verbal and written communication skills with previous experience in policy and/or regulatory development.
• Strong analytical skills and the ability to interpret complex regulatory information; the ability to distil and explain complex issues concisely and clearly.
• Proven ability of drafting guidance, updates and communications pertaining to regulatory developments.
• Subject matter expertise in policy, regulatory development, or other compliance role would be advantageous.
• Proficiency in French and/or German languages (including reading and written)
• Knowledge of UK financial services regulation will be advantageous.
• Knowledge of European banking sector regulation will be advantageous.
• Legal background will be advantageous.
What additional skills will be good to have? (List out good to have skills and certifications)
• Ability to organise/prioritise effectively and meet tight deadlines.
• Excellent verbal and written communication skills
• Proven team player with an open communication style
• Excellent reporting and presentation skills
• Excellent stakeholders management, and able to critically manage challenging situations
Link to Candidate User Guide:
You’ll achieve more at HSBC
HSBC is an equal opportunity employer committed to building a culture where all employees are valued, respected and opinions count. We take pride in providing a workplace that fosters continuous professional development, flexible working and, opportunities to grow within an inclusive and diverse environment. We encourage applications from all suitably qualified persons irrespective of, but not limited to, their gender or genetic information, sexual orientation, ethnicity, religion, social status, medical care leave requirements, political affiliation, people with disabilities, color, national origin, veteran status, etc., We consider all applications based on merit and suitability to the role.”
Personal data held by the Bank relating to employment applications will be used in accordance with our Privacy Statement, which is available on our website.
***Issued By HSBC Electronic Data Processing (Philippines) Inc. ***
Want To Apply?
- All applicants must have successfully completed their probation period
- All applicants must have a minimum performance rating of Good and behavior rating of Good in the last two appraisals
- All applicants should have served at least 18 months in their current functional role and department company
- Application form should be copied to respective Line Manager
- Application form should be submitted ONLINE along with the current CV
- All the completed applications should be submitted ONLINE by 11:59 PM on the closing date
- Have not been previously declined for the same post within the last 3 months on the date of submission of their application
- Have not been on ANY form of Corrective Action within the last 6 months from the date of application
Declaring incorrect information in your application (e.g. incorrect performance and behaviour rating; and corrective action status) is considered a SERIOUS OFFENSE based on the HDPP Employee Handbook:
A. Very Serious Offense
"Sec 1. Any acts of dishonesty, which may provide reasonable grounds for the company to lose trust and confidence to the employee, which includes but not limited to the following:
c) Giving false testimony or falsifying any document, records or information or presenting such falsified document, records or information in any study, research inquiry; padding and deliberate overcharging of expenses; tampering with time records; requesting or allowing any individual to log in/out and actually logging in/out any individual.”
Recruiter name
Veronica Suarez
Recruiter email
veronica.benz.suarez@hsbc.com.ph