Assistant Vice President Global Research Compliance Officer

Job description

The position is a functional compliance role in support of Global Research (America's) reporting to and working with the Head of Research & Banking Compliance America's ("HoRBC"). The role involves a combination of delivery and advisory requirements including (but not limited to) monitoring bankers activities, aspects of licensing, training, media and access approvals under the direction of HoRC whom will provide all requisite on the job training. Key skill development will be focus on the ability to take commercial decisions/ assessments mindful of both legal and reputational risks.

Impact on the Business
· Provides support to the Global Research business (‘business'), by advising and guiding on all compliance related matters, as well as providing support in the same manner, to the other the Global Banking & Markets Compliance functions
· Advises on regulatory and reputational matters, monitors business activities, trains business staff and develops and/or revises policies and procedures.
Assists the Regional Head of Global Research (GR) on matters concerning business policies and procedures, regulatory matters including new rule proposals, existing and new Research products as well as banker activities.
· Pro-actively works with business management, BRCM, and other compliance officers to ensure that best practices and systems are in place to facilitate the Global Research business and the overall success of HSBC in accordance with both the spirit and letter of applicable laws, rules, regulations and internal policies.
· Responsible for compliance reports, special compliance reviews, projects and training efforts, as required.
· Responsible for carrying out projects with regulatory or substantial business impact. May be responsible for compliance discipline or staff development as well.
· Escalate all appropriate issues to compliance locally and globally and manage the local mitigation approaches to risk.
· Liaise with compliance for Global Markets and Global Research regularly as appropriate on issues
Customers / Stakeholders
· Build strong relationships, adopting a joined up approach, to execute processes at pace and with minimum conflict.
· Ensuring that internal and external regulatory requirements are met
· Ensuring that the business operates using accepted industry standard methodologies, practices, processes and principles.
· Innovation and improvement of methodologies, through adoption of best practice and continued professional development and ensuring these meet required standards and regulations
Leadership & Teamwork
· Drive and support a high performance culture through delivering standards, collaboration and effective people interaction.
· Agree responsibilities within formal and informal network, providing context, direction and confidence to deliver results.
· Collaborate with other business partners and Global Functions areas to ensure commonality and consistency of solutions.
Operational Effectiveness & Control
· Implement quality framework for area of responsibility
· Ensure that all staff and activities comply with existing regulations and auditory requirements.
· Ensure implementation of relevant audit recommendations and maintaining satisfactory level of audits for relevant areas
· Ensure organisational compliance with all relevant internal and external rules, regulations and procedures that apply to the conduct of our businesses.
· Ability to support decisions with sound reasoning. Ability to clearly articulate business and regulatory implications of analysis and findings.
· To work in a methodical manner.
· Excellent analytical skills.
· Robust and timely record keeping, evidencing monitoring activities undertaken and action taken
Major Challenges
· Understand and ensure compliance with all relevant internal and external rules, regulations, procedures and Group Standards that apply to the conduct of the business in the business areas covered.
· Assist in the Compliance Risk Assessment.
· Ensure there is adequate independence of the monitoring function.
· Ability to support decisions with sound reasoning. Ability to clearly articulate business and regulatory implications of analysis and findings.
· Responsibility for guiding and instructing relevant colleagues on cost controls while assuring quality and adherence to external regulatory standards
Role Context
· AVP level compliance officer with strong leadership qualities who has the ability to communicate in an effective manner
· Advise global Compliance and business staff on business-related maters and special projects/initiatives which must account for or consider regional/global regulation and industry best practices.
· Set priorities and made day-to day decision with guidance provided by the Head of Banking & Research compliance - Americas.
· Escalate matters to senior management as needed
Management of Risk
· Ensure that the fair treatment of our customers is at the heart of everything we do, both personally and as an organisation
· Be aware of the Operational Risk, primarily Business Regulatory Risk associated with the business. Monitor in accordance with the Principal Accountabilities set out above.
· Assisting the Compliance Risk Assessment process across different business lines on an ongoing basis.
Observation of Internal Controls
· Maintains HSBC internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators.
· Understands, follows and demonstrates compliance with all relevant internal and external rules, regulations and procedures that apply to the conduct of the business in which the jobholder is involved, specifically Internal Controls and any Compliance policy including, inter alia, the Group Compliance policy.

Desired profile

Qualifications :

·  University Graduate with relevant degree
·  Minimum four years experience in either banking advisory, Research Advisory, Control Room, IB compliance or Markets compliance
·  Strong interpersonal skills with the ability to communicate effectively.
·  Ability to support decisions with sound reasoning.
·  Highly motivated self starter with ability to work collaboratively within a large team and to deliver on time.
·  Excellent presentation skills
EEO/AA/Minorities/Women/Disability/Veterans