HSBC Group

Some career choices have more impact than others. 

At HSBC we exist with the purpose of Opening up a World of Opportunity. We use our unique expertise, capabilities, breadth and perspectives to provide opportunities for our customers and colleagues through global connectivity. We bring together the people, ideas and capital that nurture progress and growth, helping to create a better world – for our customers, our people, our investors, our communities and the planet we all share. 

As an HSBC employee in Australia, you’ll have access to tailored professional development opportunities, competitive pay, an embedded flexible working culture and a range of employee benefits. These include market-leading subsidised private health cover, enhanced parental pay and support when returning to work, subsidised banking products and services, bonus leave days and wellness programmes including discounted gym memberships. 

HSBC serves the needs of retail, corporate and institutional clients delivering innovative and integrated financial solutions. Regulatory Compliance is a sub function within Risk and Compliance (R&C) and is responsible for identifying, managing and mitigating Regulatory Compliance Risks and ensuring timely advice is provided to the businesses. 

The Senior Manager, Regulatory Compliance (Product Governance and Change Advisory) is a key risk management role that has a broad remit and is responsible for risk stewardship of product governance and the provision of Regulatory Compliance advice for non-product changes across all lines of business in Australia and New Zealand.   

This highly demanding role operates within an increasingly complex business, legal and regulatory environment, requiring the person taking on this role to be able to work independently, adapt and analyse with a constructive and proactive approach. 

This role is a great opportunity to get involved in new strategic initiatives in a truly global bank, in a small local team where you can therefore broaden your experience and develop skills across all lines of business. 
 
Key Responsibilities

• Supporting the lines of businesses to maintain an effective control framework and to ensure compliance with all relevant external laws, regulations, internal policies, good market practices and industry standards, with specific focus on the management of new and ongoing products and change initiatives.
• Providing advisory services to the lines of businesses to ensure clear understanding of Regulatory Compliance Risk exposure when launching new and materially changed products and executing change initiatives.
• Supporting the maintenance and oversight of an effective Compliance Framework for new and ongoing product management.  
• Coordinating with other Risk Stewards within Risk &Compliance in providing risk stewardship over new and ongoing product management and change initiatives.  
• Developing and maintaining a good knowledge and subject matter expertise of the laws, regulations, and industry standards affecting applicable products and change initiatives within each line of businesses across HSBC Australia and New Zealand. 
• Maintaining and developing positive and professional working relationships with stakeholders from lines of businesses, Risk and Compliance and other teams in the Bank. This includes colleagues at local, Regional and Group levels. 

Key Requirements:

• Strong knowledge of retail, corporate and institutional products and services and experience dealing with regulatory matters in Australia, noting if you have Australian regulatory compliance experience in one of the product segments only we would still love to hear from you.
• Experience in product due diligence covering end to end product governance in new products, product variations, product reviews and withdrawals. 
• Comprehensive knowledge of the external regulatory and business environment.
• Strong stakeholder management skills and the ability to interact and advise in verbal/written communications at all levels in a professional, effective and concise manner. 
• Must be flexible and adapt well to change, with the ability to work with minimal supervision. A considerable amount of autonomy is given, and initiative is required to achieve the jobholder’s objectives.
• Leadership skills acting as a thought leader in product governance and change.
• Acting as a role model within the team, working in close collaboration with Regulatory Compliance colleagues across the team and within the broader Risk and Compliance team and across the bank’s businesses locally.
• Acting in a professional, approachable and supportive manner, fostering a cohesive and collegiate team spirit. 
• Analytical skills and ability to analyse an issue, understand the second order implications and provide holistic, solution-based advice.   
  Interpretive skills and ability to harness regulatory requirements/regulator expectations into day-to-day policies, procedures and guidance for a range of audiences. 
• Bachelor's degree in a Business, Finance, Law or related field.

Preference will be given to candidates who hold Australian PR/Citizenship or New Zealand Citizenship, or who can demonstrate current unrestricted work rights in Australia without limitations. 

We value different perspectives, we succeed together, collaborating across boundaries, we take responsibility, holding ourselves accountable to get things done. Through these values, HSBC is committed to building a culture where all employees are appreciated and respected and where opinions count. We take pride in providing a workplace that fosters continuous professional development, flexible working and opportunities to grow in an inclusive environment. Applications from First Nations peoples are encouraged. 

Learn more about careers at HSBC Australia –   https://www.hsbc.com/careers/where-we-hire/australia 

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 Bank Australia Limited.  Please note that HSBC will never communicate to applicants via non-HSBC channels such as SMS, WhatsApp or Facebook so please be careful if anyone attempts to contact you via these channels. #LI-HSBCMH