HSBC Group

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The Regulatory Compliance function is a Second line of defence (LOD) function that includes ”Risk Stewards” who are independent of the commercial risk-taking activities undertaken by the Group’s businesses (also referred to as “the First LOD”). These Risk Stewards are responsible for reviewing and challenging the activities of the the First LOD to ensure that, as “Risk Owners”, they effectively manage the regulatory compliance risks inherent in, or arising from, the conduct of their activities and for which they are responsible. The Regulatory Compliance function operates in accordance with HSBC Group’s Risk Management Framework (RMF). 

Role: 
In this role you will report into the Regional Head Financial Crime and Regulatory Compliance IWPB  MENAT and will be responsible for ensuring that Regulatory Compliance in iWPB MENAT are effective in identifying, managing and mitigating Regulatory Compliance risks and ensure timely advice is provided to the iWPB business. 
The role requires strong partnership with the iWPB business and country regulatory compliance risk stewards to drive and accelerate the execution of Regulatory Compliance programmes that directly impact business performance. This role is accountable for the implementation of policies into the iWPB business and as such it will require close collaboration with various Risk and iWPB business functions.

Key Accountabilities and Responsibilities

• Provide advisory services to iWPB in order to ensure clear understanding of Regulatory compliance risk exposure with respect to clients, transactions and products. Assist senior management decision making and meeting their strategic objectives.
• Strengthen iWPB’s knowledge of risk and compliance management by incorporating risk and compliance considerations in all activities undertaken to protect and enable the business’ activities through a robust risk management understanding.
• Support iWPB Compliance Advisory teams in MENAT in discharging their responsibilities.
• Discharge their responsibilities in a manner consistent with the Group's management structure and operating model, governance, and Risk Management Framework.
• Promote fair conduct standards to ensure HSBC delivers fair outcomes for customers, remuneration structures incentivise/reward appropriate conduct/behaviours and does not disrupt the orderly and transparent operation of financial markets. 
• Fosters a strong risk and control and compliance culture.
• Champion a culture that prioritises the fair treatment of all customers, including particular attention to those who are vulnerable or have changing needs, whilst also ensuring that governance, processes and systems support staff to meet the needs of all customers.
  Leadership & Teamwork  
• Promote a ‘speak-up’ culture. 
• Work collaboratively as part of a team of Compliance Advisory professionals; and with senior executives within iWPB.
• Contribute to a diverse and inclusive work environment that engenders teams and colleagues to succeed and meet career aspirations.
• Implement the Group’s performance management and reward strategies, promoting sustainable business growth and allocating rewards that align to responsible risk and compliance management.
  Operational Effectiveness and Control 
• Ensure all policies, procedures, principles, and dispensations, etc. are updated for changes in Regulation and impacts on iWPB.
• Resolve any/all identified issues promptly and escalates concerns to management as appropriate to ensure timely awareness of any material concerns.
•  Maintain and observe all HSBC control standards and implement and observe the Group Compliance Policy, including the timely implementation of recommendations made by internal/external auditors and external regulators.
  Maintain awareness of operational risk within assigned portfolio and minimise the likelihood of it occurring including its identification, assessment, mitigation and control, loss identification and reporting.
  Functional Knowledge
• Remains up to date on latest industry developments (e.g. technology, regulatory); enable teams to incorporate improvements to drive towards operational excellence.
• Broad and deep understanding of iWPB business, including a deep understanding of wealth and investment products.  Understands regulatory rules and laws, industry issues, business operations and priorities
• Identifies major changes in regional / country-specific regulatory / statutory norms and ensure these are implemented.
  Understands impact of macroeconomic trends, continuously adapting  RCs’ support and activities based on risk, business needs and Group’s strategy.

In order to apply for this role, you must have the following:

• A bachelor’s degree is required to secure a work permit in the UAE.
• Extensive experience working in a Lead Compliance role, with a focus on International wealth and private banking. 
• Strong experience and knowledge of wealth and investment products and the associated regulatory and conduct risk management is required. 
• Leadership experience, Management responsibilities for a sizeable team of professionals (including responsibility for budget, and planning)
• Covers a wide range of activities that require evaluative judgements based on the analysis of factual and qualitative information in complicated perhaps novel situations
• Latitude to make decisions outside of established procedures but within a policy framework.  Broad guidelines are available.  Role implements strategy set by others.
• The role requires the ability to negotiate and influence within their team with a high level of influence. 
• Implements business plans through own team and is accountable for results.