Associate Vice President Compliance Framework

Job description

Job description

Some careers open more doors than others.

If you’re looking for a career that will unlock new opportunities, join HSBC and experience the possibilities. Whether you want a career that could take you to the top, or simply take you in an exciting new direction, HSBC offers opportunities, support and rewards that will take you further.

We are currently seeking an experienced professional to join the team.

The Jobholder operates within the operational guidelines laid down in FIM, Internal procedure manuals, audit requirements, Bank circulars, department procedures, rules and regulations. Safeguarding the Bank’s integrity and credibility, maintaining professional conduct and transparency are important disciplines.

Responsible for the continual assessment of operational risks associated with the role and inherent in the business, taking account of changing economic or market conditions, legal and regulatory requirements, operating procedures and practices, management restructuring and the impact of new technology.

 

Job Introduction and Principal Responsibilities

·  Be the 1LOD SPOC for governance and oversight on implementation of regulatory and other authority circulars/ notifications/ developments. (including NPCI driven) Ensure adherence to the bank’s governance process framework on regulatory developments.
·  Oversee the implementation of all the circulars/ notifications/ developments for WPB and other control owners and Risk Stewards.
·  Identify at risk instances and ensure prompt escalation to Senior Management to avoiding overdue status / breach in timelines. 
·  Assess inputs received from the teams and provide regular updates into the governance forums and other monitoring forums of the bank. Prepare updates to support managers attending the governance forums.
·  Engage and intervene / co-ordinate with relevant control owners, control functions and risk steward to address any differences, road blocks towards timely adherence. Facilitate interpretation and resolution as required.
·  Assist in identifying potential compliance deficiencies related to assigned regulation(s), regulatory requirements and/or risks related to any new or change in existing Regulatory guidelines received.
·  Support the teams by monitoring that their control descriptions or continuous monitoring is strengthened with the requisite checks post the deployment of the circulars / notifications/ developments.
·  Manage all activities related to regulatory and other authority circular / notification / development implementation including RBS (Risk Based Supervision) Tranche submissions.
·  Support the second level self attestation of NPCI circulars as checker post ensuring that business has conducted necessary due diligence. Any material delays are appropriately escalated and carries Risk Steward / Unit Head concurrence.
·  Manage any internal or external 1LOD, 2LOD reviews or 3LOD audits related to the implementation, oversight and governance of all areas/ activities under this role.
·  Provide support / back up to the regulatory risk & control team within the CCO team on areas managed such as regulatory reporting, ad-hoc indents, annual regulatory inspection indent management, communication with regulators/ authorities / bodes.
·  Discharge the accountabilities set out in the FIM by pro-actively assisting management in identifying and containing compliance and other relevant risks, monitoring, reporting and certification, fostering a compliance culture and optimizing relations with regulators related to implementation of regulatory guidelines.
·  Deliver fair outcomes for our customers and ensure own conduct maintains the orderly and transparent operation of financial markets.

Requirements

·  Knowledge and understanding of WPB businesses and overall banking products, processes and practices.
·  Understanding of the WPB market in India, Regulatory requirements and customer needs as India is a large country with several regulators, vast geography and demanding customers.
·  Broad knowledge of the bank’s three lines of defence framework and the practical application of Risk & Control requirements.
·  Ability to read, interpret, understand the asks of the regulatory development and guide business teams for implementations / adherence to regulatory requirements as required.
·  Ability to engage with stakeholders (including Senior Management) to receive their quality and timely inputs on the implementation
·  Ability to negotiate, challenge and restrict / hold one’s ground with stakeholders including Senior Management in country or externally or with Risk Stewards as needed.
·  Ability to speak up and call our where the adherence to regulatory development is at risk or not addressed in the appropriate manner which could pose as a risk for the bank.
·  Highly developed communication and skills to manage complex requirements across multiple stakeholders to achieve the desired outcomes for the bank.
·  Ability to work with data bases, prepare written textual submissions and presentation slides for governance and reporting.
·  High calibre and strong ability to navigate through complexities, influence and mobilize multiple stakeholders

Useful Link

Link to Careers Site: Click   HERE  

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Issued by The Hongkong and Shanghai Banking Corporation Limited, India