Manager, Compliance Advisory, Asset Management - RC ADVISORY SUPPORT

Job description

Job description

Some careers have more impact than others.

If you’re looking for a career where you can make a real impression, join HSBC and discover how valued you’ll be.

HSBC is one of the largest banking and financial services organisations in the world, with operations in 64 countries and territories. We aim to be where the growth is, enabling businesses to thrive and economies to prosper, and, ultimately, helping people to fulfil their hopes and realise their ambitions.

We are currently seeking an experienced professional to join our team in the role of Manager, Compliance Advisory, Asset Management - RC ADVISORY SUPPORT.

Principal responsibilities

The Risk and Compliance function is a Second line of defence (LOD) function, primiarily responsible for reviewing, advising and challenging the activities of the Group’s businesses (also referred to as “the First LOD”) to ensure that they effectively manage as “Risk Owners” the Regulatory Compliance (RC) risks  inherent in or arising from the conduct of their activities and for which they are responsible. The Second LOD consists of 'Risk Stewards' who are independent of the commercial risk-taking activities undertaken by the First LOD. The Risk and Compliance function is a Risk Steward for a number of non-financial risks in accordance with HSBC Group’s risk framework.

The responsibilities of the Manager, Compliance Advisory, will be to assist the onshore AMH WPB Compliance Advisory team in, but not limited to, the following areas:

·  Support the onshore Compliance Advisory team in driving strategic initiatives and maintain oversight & governance across the activities carried out by the Wealth & Personal Banking (WPB) in Hong Kong and ASP.
·  Provide timely and reliable support to assist onshore Compliance advisory team to effectively review and manage regulatory compliance risks in Hong Kong and ASP.
·  Support in delivering an effective reporting and oversight capability at country level which enables the Compliance team to deliver oversight to relevant governance committees.
·  Collaborate with the onshore Compliance Advisory team to ensure compliance with all relevant external regulatory requirements and internal codes and policies and good market practice, while ensuring compliance with Global Standards.
·  Collaborate with the onshore Compliance Advisory team in delivering the Compliance Oversight Plan, Risk & Control Assessment, Issue & Action Management, Control and Monitoring Plan Oversight Review.
·  Extract MIs and coordinate with the stakeholders to prepare regular reporting for various governance forums.
·  Review with the stakeholders on inconsistent input or overdue issues.
·  Handling of administrative enquiries.

Impact on the Business / Function

·  To promote and sustain a risk-management culture in alignment with Compliance's role covering both RC risk in GSC as the second line of defense.
·  To provide advice and guidance which enables the onshore Business RC to manage compliance risk effectively, and to escalate more complex queries in a timely and seamless manner.
·  To proactively identify and support in the management of significant new or emerging risks, and their potential impact on HSBC.
·  To track the resolution of subsequent risk management actions as appropriate.
·  Defining and adopting best practice through collaborating with our key business partners to enable the highest operational standards.                                                                                                                                                
·  To track the resolution of subsequent risk management actions as appropriate.
·  Defining and adopting best practice through collaborating with our key business partners to enable the highest operational standards. 

Customers / Stakeholders

·  Work / Liaison closely with relevant stakeholders in their respective onshore Businesses and Functional teams to provide expertise and support on all RCrelated matters.
·  Build strong relationships, adopting a joined up approach, to execute processes at pace and with minimum conflict
·  Ensure that the business operates using accepted industry – standard methodologies, practices, processes and principles.
·  Ensure the appropriate timely and relevant risk information is provided to onshore Businesses and Functional teams. 

Leadership & Teamwork

·  A strong team player to collaborate with onshore Compliance teams, business partners and Global Functions areas to ensure commonality and consistency.
·  Share best practice with onshore Compliance teams and other ASP countries.
·  Drive 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.
·  Maintain and develop positive and professional working relationships with business units at the Regional and Country levels.
·  Support and encourage constructive teamwork by demonstrating collaboration and matrix management in action.
·  To share insights on repeatable business queries and escalate complex queries in a timely and seamless manner.

Operational Effectiveness & Control

·  Resolve any identified issues promptly, and escalate concerns as appropriate to ensure timely awareness of any material concerns.
·  Maintain and observe all HSBC control standards and implement and observe the Group Compliance Policy.
·  Consistently apply policy and governance frameworks, procedures, practices and standards to ensure quality, effective regulatory compliance advice and guidance.
·  Support the continuing development, implementation and improvement of the processes, capabilities, capacity and infrastructure needed to effectively manage RC risks in a changing environment.
·  Maintain awareness of operational risk within assigned portfolio and minimize the likelihood of it occurring.

Requirements

Impact on the Business

·  Provide advice and support on regulatory compliance risks to senior management and other colleagues.
·  Serve as a point of contact for the AM HK business in relation to regulatory compliance matters pertaining to established internal guidelines and external regulations, including interaction and support to AM business.
·  Oversee the critical regulatory compliance policies and systems that impact AM HK and ensure that the AM’s exposure to regulatory compliance risks is managed in a commercially sensitive, practical and cost-effective manner.
·  Actively review business processes and supporting systems and controls within the Business and drive through amendments, as required.
·  Support to Pprovide clear, concise, consistent and constructive advice to the Business
·  Support Head of Regulatory Compliance Asset Management ASP  Compliance Advisory, AM, ASP in demonstrating proactive compliance risk stewardship.

Customer / Stakeholders

·  Report to Head of Regulatory Compliance Asset Management ASP Head of Compliance Advisory, AM, ASP on regulatory compliance risk related matters. 
·  Ensure that senior management are appropriately advised of regulatory compliance risk related matters relating to AM HK.  
·  Ensure that positive relationships are maintained with other external stakeholders relevant to the Regulatory Compliance agenda.
·  Deliver fair outcomes for our customers and ensure own conduct maintains the orderly and transparent operation of financial markets.

Leadership and Teamwork

·  Support Head of Compliance Advisory, AM, ASP Head of Regulatory Compliance Asset Management ASP to develop the Regulatory Compliance Function for AM HK and ASP.
·  Work collaboratively and ensure open communication with business partners at all times.
·  Foster strong and professional relationships with senior management within AM Business and Compliance colleagues in HK and ASP
·  Demonstrate core behaviours and values including teamwork, focus, drive and determination. 

Operational Effectiveness and Control

·  To assist Business in its responsibility for complying with all relevant regulations, including the provision of advice on regulatory compliance issues. 
·  Keep management informed of regulatory changes and assess the impact on relevant business activities. 
·  Agree and oversee the implementation, embedding and monitoring of the adherence to the Compliance Functional Instruction Manual (FIM) of AM HK. 

Management of Risk

·  This will be achieved by ensuring all actions take account of the likelihood of Regulatory Compliance risk occurring and by addressing any areas of concern in conjunction with line management and/or the appropriate department.  The jobholder should consistently display behaviours that form part of the HSBC Values and Culture and adhere to HSBC risk policies and procedures. 

Observation of Internal Controls

·  The jobholder will also adhere to and be able to demonstrate adherence to internal controls. This will be achieved by adherence to all relevant procedures.
·  The term “compliance”or “regulatory compliance” embraces all relevant financial services, laws, rules and codes which the business has to comply.  This will be achieved by adherence to all relevant procedures, keeping appropriate records and, where appropriate, by the timely implementation of internal and external audit points, including issues raised by external regulators.
·  The jobholder will also implement measures to contain regulatory compliance risk across the business area and ensure adequate resources are in place and training is provided, fostering a compliance culture and optimising relations with regulators.

Candidate with less relevant experience or skills may be offered a lower Global Career Band than stated above.

Due to the urgent hiring need, candidates with immediate right to work locally and no relocation need will be prioritised.

You’ll achieve more when you join HSBC.

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