HSBC Group

Business: Regulatory Compliance Center of Excellence

Open positions:1

Role Title: Assistant Manager GSC’s

Global Career Band: 7

Location (Country / City ): India/Bangalore

Recruiter Name : Geetika Gupta

Why join us?

• Regulatory Compliance CoE (Center of Excellence) supports the Central Compliance & Advisory Services on a Global level. Within Regulatory Compliance Center of Excellence, team supports different functions of US Compliance, covering Risk Strategy (including stewardship activities), Policy & Procedure Governance, Governance & Reporting, Risk Steward Activities for few Regulatory driven and other areas.

The Opportunity

Will be part of the US RC CoE Personal Account Dealing team and perform the below activities:

• Identify exceptions as defined in the conflict-of-interest policy
• Actively monitor the disclosed accounts and regular follow up with the employees
• Prepare exception report MI and related dashboards
• Maintain records to ensure compliance with Regulatory requirement
• Manage the alerts that are generated in the tool
• To track the resolution of subsequent risk management actions as appropriate
• To promote and sustain a risk-management culture in alignment with Regulatory Compliance role
• The incumbent will report to AVP and will interact with the in-country Lead on regular basis to ensure successful attainment of the objectives including enhancing the efficiency of the process.

What you’ll do:

Principal Accountabilities:  Key activities and decision-making areas             

Customers / Stakeholders     

• Help identify and share best practice in a Compliance space
• Cultivate a positive and collaborative working environment with the Compliance function
• Build and maintain close working relationship with partners in Regulatory Compliance or elsewhere and should be able to work and co-ordinate with remote sites
• Communicate effectively to different audiences, including both Regulatory Compliance and any other internal customers
• Develop and maintain a current knowledge of internal and external Data Governance initiatives and best practices. Develop general awareness of Compliance Regulatory changes affecting the function
• Pro-actively assist management in identifying and containing compliance risk, monitoring, reporting and fostering a positive Compliance culture

Typical Targets and measures

• Feedback from internal and external stakeholders
• Regular contact with key stakeholders, providing reports within agreed timescales.  Track issues through to conclusion
• Provision of reports to management on significant issues in a concise and timely manner, where applicable

Teamwork   

• Ability to act proactively and multitask.
• Desire to pass on skills for the good of the team and learn from the other team members
• Actively participate in team meetings and bring solutions/suggestions/recommendations to the table

Typical Targets and measures

• Be able to integrate into an existing close team
• Effective contribution in team meetings and business calls
• Be open to feedback and highlight areas of improvement

Operational Effectiveness & Control   

• Maintain HSBC internal control standards, continually assessing operational risks inherent in the processes, taking account of changing operating procedures, staff movements, legal and regulatory requirements, management restructures, and the impact of new technology.
• Ensure understanding of Group FIMs, Group Audit / Internal Control Review / Compliance reports; foster a compliance culture
• Actively contributes to RCA process and in both anticipating and mitigating potential risks

Typical Targets and measures

• Clear evidence that the team understands the respective operational controls and standards to contain compliance risk
• Any significant compliance issues reported appropriately and in a timely manner
• Identify process improvements. Discuss these with the Business Partner for implementation
• Identify best practices across various geographies and effectively disseminate these to others

What you will need to succeed in the role:

• Any bachelor’s degree
• Minimum 4 years’ experience in roles within a Risk / Compliance / Regulatory framework
• Good command of both verbal and written English
• Ability to understand and interpret Regulations.
• Attention to details and good analytical skills.
• Strong interpersonal skills and able to build and maintain relationships.
• Utilizes own initiative to resolve issues. Ability to support decisions with sound reasoning.
• Experience and Understanding of US regulatory structure is an added advantage.
• Understanding of the different Lines and sub-Lines of Business of HSBC.
• Knowledge of Banking and Financial Markets and Risk and Compliance.
• Good Knowledge of MS Office.

Link to Candidate User Guide:

https://hsbchrdirect.service-now.com/nav_to.do?uri=%2Fhrsp%3Fid%3Dkb_article_preview%26sys_id%3D0c6b11641b6a9810cec0553a2d4bcb2a

(Or)

Go to the below link and type “IND GSC : IJP Applicant User Guide” in search bar. https://hsbchrdirect.service-now.com/hrsp?id=hrdirect_employee_dashboard

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.”

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