Job description
Business: Risk and Compliance Assurance Services (RCAS)
Open positions: 1
Role Title: Assistant Vice President , Compliance Assurance GSC’s
Global Career Band: 5
Location: Hyderabad
Recruiter Name: Geetika Gupta
Why join us?
The Group’s regulators require the Compliance function to assess the adequacy of the firm’s controls, processes, procedures and resulting outcomes to manage risk. This responsibility is met by the Compliance Assurance (CA) sub-function.
Compliance Assurance are responsible for determining the effectiveness of the Group’s financial crime and regulatory controls, independent of Control Owners (who are responsible for day-to-day monitoring). Compliance Assurance covers all Financial Crime (FC) and Regulatory Compliance (RC) risk taxonomies across all businesses, functions and geographies of the Group. The division assesses, on an end-to-end basis where possible, the effectiveness of prioritised FC and RC controls embedded in the first line of defence and those operated by the second line on their behalf, and represents an integrated part of the function in discharging its assurance responsibilities.
The Opportunity:
The role will be responsible for delivering assessments of assigned risks and controls, in accordance with Group-wide Assurance procedures and the Compliance Assurance assessment plan.
The role holder will be required to support in assessing the effectiveness of assigned FC and/or RC controls, identifying and raising issues where control gaps lead to material unaddressed compliance risks.
At a high level, the role holder will be responsible for the following:
Customise and localise standard test scripts and then evaluate assigned controls for design and operating effectiveness, raise issues as appropriate.
Ensure that assigned control assessments are accurate, effective, abide by Compliance Assurance procedures and templates, and meet quality control requirements.
Ensure that assigned control assessments are delivered on time, in accordance with the Compliance Assurance assessment plan.
Supervise the delivery of assigned control assessments using experience and knowledge to intervene and redirect testing as required, resolving or redirecting escalations as required.
Manage control owners and other stakeholders, ensuring the success of each assigned reviews, minimising contention where possible and requesting support where deemed necessary
Manage the documentation of distinct control types, covering key aspects, such as remit, main processes and handovers to other teams.
Ensure that issue owners complete sufficient root cause analysis for all material issues and have appropriate remediation plans in place.
What you’ll do:
Impact on the Business
Execute the Compliance Assurance assessment plan, ensuring the accurate, efficient and timely completion of independent FC and/or RC control assessments.
Ensure compliance with global template, procedure and quality requirements.
Understand and document the remit, process composition and team handovers of relevant controls.
Identify key emerging trends and themes in relation to FC and RC risks to inform the Compliance Assurance assessment plan and the continuous development of CA methodology and procedures.
Customers / Stakeholders
Build strong relationships with all internal stakeholders, adopting a joined-up approach to the execution of tasks with minimum conflict, while ensuring the independence of Compliance Assurance.
Ensure that executive and senior management in the business, functions and Compliance are advised of matters arising, and emerging trends, from assurance reviews and analysis.
Provide stakeholders with insight into Compliance Assurance activities.
Liaise with Internal Audit as needed to ensure that assurance activities and plans take full consideration of and inform audit activity.
Leadership & Teamwork
Provide timely and clear guidance and support to testing specialists on review basis.
Contribute to the production of high quality Compliance Assurance deliverables.
Set the highest standards through personal behaviour, interaction with others and in the expectations set for CA.
Embrace a high performance culture through effective proactive engagement and collaboration.
Ensure effective communication across CA, delivering key messages and strategic updates as appropriate.
Operating Effectiveness & Control
Contribute to the development of Compliance procedures and templates, ensuring high operating standards within the division.
Drive high operational standards within the team and avoid high risk findings from Internal Audit or other internal/external Assurance teams.
Be innovative in executing all responsibilities and providing solutions to complex issues in a dynamic, high-risk environment.
Support the CA team in meeting the requirements of the sub-division.
Major Challenges
Deliver assigned control assessments to the highest standard in a designated timeframe.
Understand the demands of the regulators, external bodies and governmental initiatives and the Group’s shareholders and customers, as well as the complexity of financial services regulation and the diversity of business and geographies within the Group as a whole, taking these into account when configuring test scripts.
Determine innovate ways of testing risks and controls in a precise and efficient manner, harnessing analysis of data where possible.
Be attuned to the political, management, operational, regulatory and reputational implications of particular decisions and courses of action. Managing the demands of the multiple and diverse aspects of the role.
Assist management in development of controls and systems and influencing the way in which business is conducted in order to manage these risks.
Role Context
The role holder will be required to lead on assigned risk and control assessments, potentially covering all business lines, functions and geographies.
The role holder will be required to provide clear and pragmatic guidance to the testing specialists.
The role holder will support the CA team in ensuring that the Compliance Assurance assessment plan is executed as assigned, meeting HSBC risk management requirements and regulatory expectations, providing risk stewards, control owners and senior management with up to date information regarding standards of compliance with financial crime and regulatory compliance rules within the organisation.
The role holder is required to work with considerable autonomy, dealing with issues for which there is no obvious solution while still being able to provide judgment and clear direction.
The role holder is responsible for ensuring that the assurance standards in the division are in accordance with the Compliance Assurance guidance, Group Standards Manual and Functional Instruction Manual (FIM).
Management of Risk:
Be aware of the operational risk, primarily through identification and management of financial crime and regulatory compliance risk associated with business activities.
The role holder will also be required to continually reassess the operational risks associated with the division, taking into account changing economic or market conditions, legal and regulatory requirements, operating procedures and practices, management restructurings, and the impact of new technology.
The role holder is responsible for ensuring that the testing specialists operate in accordance with Compliance Assurance standards.
Maintains HSBC internal control standards, including timely implementation of internal and external audit actions together with any issues raised by external regulators.
To assist in the discharge of accountabilities set out in the Financial Crime and Regulatory Compliance Risk FIMs by proactively assisting Risk Stewards and Control Owners in their responsibilities.
Requirements
What you will need to succeed in the role:
Experience in financial services compliance, testing, audit and/or legal management experience or equivalent.
Good understanding of financial crime and/or regulatory compliance and/or the aptitude to develop this understanding in good time, and must be familiar regarding relevant regional laws, regulations and the overall regulatory environment.
Minimum Bachelor’s degree in related field such as business, finance, law or equivalent experience; Master’s degree preferred.
Proven organisational, planning, interpersonal, managerial, analytical, problem-solving, decision-making, and team building skills.
Ability to manage conflicting priorities effectively and proven ability to meet challenging deadlines.
Experience working with local and regional stakeholders, and an understanding of global standards of quality.
Ability to work with different cultural groups and build consensus.
Requires understanding of the changing regulatory landscape regarding compliance functions within the banking industry.
Ability to exercise discretion, work independently within broad guidelines, tactfully handle sensitive and confidential data and complete assignments timely.
Experience utilising assurance automation and analytics tools preferred.
Fluent in both oral and written English.
Proficient with Microsoft Office.
Link to Candidate User Guide:
(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.”
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 Electronic Data Processing (India) Private LTD***
Nom du recruteur
Geetika Gupta
E-mail du recruteur
geetika.gupta@hsbc.co.in