Job description
Regional Senior Manager, Regulatory Compliance (RC)
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Role Purpose:
To provide pro-active Compliance support and challenge on all relevant aspects of CMA (Capital Markets Advisory), Banking, HIF(HSBC Infrastructure Finance)/Sustainability, along with a strong understanding of the transactional banking products such as GPS (Global Payments Solutions) and GTS (Global Trade Solutions) ) in order that line management can ensure that the business is conducted in accordance with all applicable laws, rules, regulations and codes of practice, with specific focus on Regulatory Compliance. To assist and represent the MENAT CMA, Banking, HIF/Sustainability, GPS and GTS RC Head in discharging compliance responsibilities. The responsibilities of the incumbent cover the Banking business in general across the UAE and MENAT Region. The role holder will be responsible for the provision of advice to Business and Assurance teams on regulatory compliance matters, assisting and training business on relevant regulations and compliance policies. The role requires strong partnership with the business, a solid understanding of the Banking business and products (or the broader IB, HIF/Sustainability, GPS and GTS business division) and has responsibility for driving the implementation of policies and regulations ensuring that a conduct and compliance led culture is embedded. The individual must remain up to date on changes in the regulatory environment, industry developments and market events in relation to the business.
Duties & Responsibilites:
• Manage regulatory and reputational risk by providing appropriate Regulatory Compliance coverage and expertise
• Proactively assist management in identifying and managing compliance risk.
• Assist with Group/regulatory reporting and ad-hoc projects as required.
• Ensure roll out of best practice within the HSBC offices in the Middle East region, and support the offices as required.
• Enable business sustainable growth through compliant strategies ensuring initiatives meet regulatory expectations and risk appetite
• Drive implementation and deployment of Global Regulatory Compliance policies, local regulations and transformation programs with business and compliance teams across MENAT region
• Provide clear, concise, consistent, constructive and customer conscious advice and strategic guidance to CMA, Banking, HIF/Sustainability, on compliance matters
• Support Compliance Assurance engagement and interface with the business management meetings and issues assessment assessments
• Oversee FIM implementation where compliance is a risk
• Meet local/regional/group led /regulatory reporting and ad-hoc projects as required.
• Accountable for working with Global Compliance stakeholders on extra-territorial regulations and Global Compliance programs.
• Ensure roll out of best practice within the HSBC offices in the Middle East region, and support the offices as required.
o MENAT Head of Regulatory Compliance
o MENAT Head of CMA, Banking, HIF/Sustainability, GPS and GTS RC Head/s of Banking, CMA , HIF/Sustainability, - to ensure that Compliance services management and business needs as a commercially aware Compliance resource
o Global Compliance teams
o MENAT RC Capabilities, Engagement and Framework teams
o Country Heads of Compliance within MENAT and their teams providing Compliance support to local businesses
o Regulatory Bodies
• Support MENAT Head of CMA, Banking, HIF/Sustainability, GPS and GTS RC by:
o Mentoring and coaching junior members of the team where appropriate
o Fostering a collaborative and healthy working environment within the Compliance function and with stakeholders
o Support team engagement and motivational activities
o Develop in country compliance resource skills by proactive engagement
o Close and positive working relationship with respective businesses
o Coordination with other second line of defense units
o Strong, persuasive personality with highest integrity standards required to cope with challenging business situations.
o Appropriate interpersonal skills to be effectively function as part of an existing stable team.
o Demonstrate core behaviours and values including teamwork, focus, drive and determination.
o Staying abreast of key business developments and any changes to procedures and practices.
o Work collaboratively across peer group and organisation.
o Collaborate and foster good relations with other Compliance teams/ colleagues.
o Advice (New products, services and Regulatory changes)
o Reporting (Breaches, reportable events, regulatory filings and Global reporting)
o Proactive engagement in monitoring regulatory compliance risk issues and resolutions
o Close collaboration with Business Risk and Control teams to ensure RCAs and internal control monitoring plans adequately cover regulatory compliance risks and controls
o Monitor changes to business practices and products as well as regulatory landscape to address RC implications
o Ensure timely and effective escalations are in place with relevant stakeholders
o Present practical and effective recommendations to mitigate business regulatory risk
Requirements
Qualifications & Experiences:
• Graduation degree is REQUIRED– to secure a UAE Visa and Work Permit.
• Demonstrated understanding of CMA, Banking, HIF/Sustainability. GPS and/or GTS products understanding would be an advantage
• Business or Compliance experience strongly preferred.
• Proven analytical skills, together with the ability to support decisions with sound reasoning.
• Proven ability to clearly articulate business and regulatory implications of analysis and findings.
• An understanding of the potential impact of regional and foreign regulatory developments impacting CMA, Banking, HIF/Sustainability, GPS and GTS activity
• Proven strong interpersonal skills with the ability to communicate effectively with both Compliance colleagues and the Business.
• Strong influencing and stakeholder management skills
• At least 8 years of professional experience with ideally 3+ years in Compliance/Regulatory function.
• Knowledge and understanding of DFSA, CBUAE, SCA and regional regulatory requirements.
• Excellent command of written and oral English skills
For further details and application information please visit our careers site, searching under reference number.
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Issued by The Hong Kong and Shanghai Banking Corporation Limited