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If you’re looking for a career where you can make a real impression, join HSBC and discover how valued you’ll be.
HSBC is one of the largest banking and financial services organisations in the world, with operations in 64 countries and territories. We aim to be where the growth is, enabling businesses to thrive and economies to prosper, and, ultimately, helping people to fulfil their hopes and realise their ambitions.
We are currently seeking an experienced professional to join our team in the role of Vice President ORR RRR Assurance.
Principal responsibilities
Impact on the Business
- Support development of an effective Disclosures Assurance function, aligned with the RCAS CA operating model.
- Support implementation of the assessment plan, ensuring all assigned controls are subject to assessment within the relevant period.
- Assess the effectiveness of HSBC’s control environment, independently from control owners.
- Drive the development of a global Disclosures Assurance plan, aiding in re-calibrations as necessary.
- Aid in confirming and verifying the composition of HSBC’s control landscape.
- Maintain continuous oversight, collection and dissemination of any regulatory, CA, and/or audit issues in order to provide ongoing advice and guidance regarding issues, which may affect the management of controls in scope of the Disclosures Assurance team coverage.
- Promote and support a risk minimising culture in alignment with the culture transformation and RCAS role as the second line of defense.
Customers / Stakeholders
- Develop strong professional relationships with control owners and other stakeholders at a global / regional / country level, to ensure the success of assurance reviews.
- Collaborate with relevant stakeholders to inform the global assessment plan, divisional procedures, templates, MI and other aspects.
- Support interaction with relevant regulatory bodies on a regular or as needed basis. Respond to regulator inquiries in a prompt manner.
- Ensure that executive and senior management in Global Businesses, Global Functions, Risk and Compliance are advised of matters arising, and emerging trends, from CA reviews and analysis.
- Support preparation of CA reports and status updates for senior management, the Board of Directors or Risk and Compliance Committee, and HSBC Group.
Leadership & Teamwork
- Drive a high performance and supportive culture in the team, energising staff by creating opportunities and developing capabilities, promoting the highest standards and celebrating success, supporting employee well-being, and collaborating to innovate.
- Set high behaviour standards that align with HSBC values, and lead by example.
- As a key member of the team, pro-actively provide support and constructive challenge to colleagues.
- Foster positive and professional working relationships with stakeholders throughout the Group.
- Provide subject matter expertise and guidance, as required.
- Ensure effective communication across the RCAS teams, delivering key messages and strategic updates as appropriate.
Operating Effectiveness & Control
- Continuously feed into CA procedures, templates and testing approach, to innovate and maintain high operating standards within the division.
- Maintain operating effectiveness within the division, mitigating the risk of high risk findings from Internal Audit or other evaluative internal/external teams.
- Proactively support the Group Head of RCAS – Controls Assurance in managing the resourcing and costs of the team, ensuring best use of flexible resources and careful control over costs.
- Through effective analysis of MI, INA reports, reviews and other key information, ensure the Assurance function is aware of, and can identify emerging trends impacting the effectiveness of the Compliance function.
Major Challenges (The challenges inherent in the role that require a continual test of the role holder’s abilities):
- To take the complexity of the regulation and the diversity of business and geographies within the Group as a whole, and achieve a balance between the demands of the regulators, external bodies and governmental initiatives and the Group’s shareholders and customers.
- To cultivate a high performance and supportive culture in the team, energising staff by creating opportunities and developing capabilities, promoting the highest standards and celebrating success, supporting employee well-being, and collaborating to innovate.
- Driving an innovative and forward-thinking approach to assurance in what is (in the case of dedicated Regulatory Reporting assurance) a new area, in order to deliver further assurance insight at greater scale and speed in a more sustainable, cost-efficient and effective way.
Role Context (The environment and operating conditions of the role including the extent of guidance and authority):
- This role holder will support the Head of Disclosures Assurance, RCAS CA in development of a Disclosures Assurance team responsible for delivering the controls supporting material regulatory reporting obligations assurance.
- The job holder may be required to lead and manage a team of assurance staff, whom will cover all business lines, functions and geographies.
- The job holder will be responsible for ensuring that the allocated requirements of the assurance plan are met, providing risk stewards, control owners and senior management with up to date information regarding the effectiveness of key controls to mitigate material risks within the organisation.
- The job holder is required to work with considerable autonomy, dealing with major issues for which there is no clear cut solution while still being able to provide judgment, direction and recognise when to escalate, as appropriate.
- The job holder is expected to interact with internal stakeholders at all levels in the GSCs, on-shore regions/countries or even at group level.
- Minimum of 5 years proven experience in financial services compliance, testing, audit and/or legal management experience or equivalent.
- Good understanding of banking financial and non-financial risks, and the aptitude to learn about new and emerging risk types.
- An innovative and forward-thinking mindset, and a proven ability to question, evaluate, and improve existing business processes and adequacy of information.
- Experience working with a global team and creating and working to global standards of quality.
- Minimum Bachelor’s degree in related field such as business, finance, law or equivalent experience; Master’s degree preferred.
- Requires understanding of the changing regulatory landscape regarding Risk and Compliance functions within the banking industry.
- Project and/or change management skills is advantageous.
- Fluent in both oral and written English.
Candidate with less relevant experience or skills may be offered a lower Global Career Band than stated above.
Due to the urgent hiring need, candidates with immediate right to work locally and no relocation need will be prioritised.
You’ll achieve more when you join HSBC.
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