Manager Regulatory Change

Job description

Role Title: Manager - Regulatory Change
Business: Global Finance
New or Existing Role? New
 
Role Purpose
Overview


With regulatory requirements developing to meet political and economic needs across the globe, all financial companies need to be continually evolving to respond. The Group Regulatory, Information, Analysis and Policy (GRIAP) team sets HSBC’s agenda, develops meaningful solutions, and drives them globally.

HSBC needs a specialist Regulatory Change expert to represent the HSBC Business across multiple projects currently underway that are enhancing HSBC’s reporting capability in respect to commitments to the PRA.

The role holder will provide Subject Matter Expertise of Regulatory Change, focusing primarily on the business requirements, business process change, and user acceptance testing.
 
Role Purpose Specifics


Responsible for ensuring that business requirements are effective and accurate; specifically accountable for representing the External Reporting (Business) teams

Responsible for ensuring that business processes are effective and accurate, linking up with the GRIAP Target Operating Model team

Managing Regulatory Change resources to ensure regional regulatory teams are developing accurate local business requirements and business process changes; ensuring that regional regulatory teams are working towards the same goals and structure

Providing expertise in Regulatory stress testing, FDSF and capital management. Accountable for bridging discussions between Business Reporting teams and Systems Developers/Change Teams

Represent GRIAP business users on the Regulatory change committee working groups, in particular focusing on the business change elements of any discussions or changes.

Ensure that GRIAP senior management have the required information to allow them to contribute effectively at forums

Supporting continuous improvement work stream to consider the business process changes required for faster reporting; working with the GRIAP Process Improvement work stream and the wider Group Finance Six Sigma teams

This is considered to be a Manager grade role within HSBC due to the need to bring Subject Matter Expertise, as well as the influencing skills required to ensure Regional alignment.
 
Key Accountabilities
Impact on the Business


Own the provision of accurate Business Requirements, and User Test materials into the Project structures

Accountable for ensuring that Business Requirements are consistently defined across Group and Regions

Take ownership (and drive resolution) of risks and issues associated with Business Requirements and User Testing activities

Provide expertise into the production of complete and consistent business process solutions across Group and the Regional Reporting teams

Represent the BAU teams, where required, on matters of business requirements and business processes
 
Customers / Stakeholders


Build and maintain effective relationships with Regions, Sites, IT and project teams

Build and maintain effective relationships with Group stakeholders outside GRIAP (mainly Group Risk, GER, GB&M)

Provide Regulatory Reporting expertise in all Regulatory systems and IT change related meetings

Take accountability for resolution of all issues concerning business requirements / business processes coming out of Regulatory Change.
 
Leadership & Teamwork


To work effectively with the Group Regulatory Reporting, RCT, GLEAM, IT, IHOs teams ;

To liaise effectively with other business areas/sites in order to create/maintain successful working relationships;

To share information, both vertically and horizontally, within Regulatory Reporting.
 
Operational Effectiveness & Control


Ability to make appropriate decisions under pressure and using appropriate judgment to propose solutions to problems and present proposals in an articulate manner.

To understand the operational risks inherent to the business, particularly those which potentially impact on the work of the Regulatory Reporting team;

Demonstrate compliance with the Bank’s Core Standards of behavior.
 
Major Challenges


Regulatory changes need to be delivered across multiple sites, each with their own particular local requirements on top of the Group direction and minimum standards; the role holder must ensure that Group needs are fulfilled.

Regulatory changes are delivered by multiple teams, covering policy, business process and technology; the role holder have to ensure that their responsibilities fit into the overall change strategy and that teaming is effective

Systems (local and strategic) development times and roll-out schedules require the development of business processes to be flexible and responsive, ultimately the business processes must fill interim gaps to ensure regulatory compliance

Last minute changes to requirements (by Group, or the Regulator) may require radical changes to current business processes; the role holder must be responsive and take accountability for success

In order to fulfill the role effectively (particularly with regards to the sites) the role holder must be up-to-date on all relevant Regulatory knowledge to ensure that information they provide is accurate and they are considered to be a credible representative of the overall HSBC Regulatory team

Overall, HSBC has a strict (unbending) responsibility to ensure Global adherence to Regulatory Requirements, should the role holder fail to meet these major challenges then HSBC will risk direct financial and reputational loss.
 
Role Context


Role is based in Global Finance;

Interfaces with other areas of Global Finance, Global Credit and IT , in addition to staff at sites worldwide;

Implementing process and systems changes relevant to regulatory reporting;

Authority to follow up on issues arising during Regulatory Reporting process with other business areas/sites.
 
Management of Risk


The jobholder is responsible for ensuring that he is aware of and acts in accordance with the Group Standards Manual and operational risk guidelines.

The jobholder must ensure the operational risk assessment is carried out and acted upon.

The jobholder will also continually reassess the 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 restructurings, and the impact of new technology.

This will be achieved by ensuring all actions take account of the likelihood of operational risk occurring.

Also by addressing any areas of concern in conjunction with line management and/or the appropriate department.
 
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;

Jobholder is an ‘insider’ for dealing purposes and subject to strict controls and confidentiality.

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, 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 implement the Group compliance policy by containing compliance risk in liaison with Global Head of Compliance, Global Compliance Officer, Area Compliance Officer or Local Compliance Officer. The term ‘compliance’ embraces all relevant financial services laws, rules and codes with which the business has to comply.

This will be achieved by adhering to all relevant processes/procedures and by liaising with Compliance department about new business initiatives at the earliest opportunity. Also and when applicable, by ensuring adequate resources are in place and training is provided, fostering a compliance culture and optimising relations with regulators.
 
Role Dimensions


This is primarily a Subject Matter Expertise role, the role holder will need deep Regulatory expertise.

As of 30 September 2014 (based on 2014 HSBC Q3 Interim Statement):

Group RWAs of US$ 1,227bn

Group Regulatory Capital of US$ 196bn

Balance Sheet assets of US$ 2,729bn

Desired profile

Knowledge & Experience / Qualifications


Regulatory line reporting experience under the Basel 2 and Basel 3 regime;

Experience of systems implementations and business process re-engineering;

Excellent communication and stakeholder management skills;

Proactive self-starter with the ability to challenge and question the status quo;

Bank financial accounting, consolidation and MI systems and primary product systems

Experience of COREP reporting an advantage

Preferably a qualified Chartered Accountant (or other relevant professional qualification) with substantial post-qualification experience in financial services, of which three years should be within the Group.
  
We are an equal opportunity employer and are committed to creating a diverse environment.
 
 
 

About HSBC

HSBC est l’une des plus grandes banques internationales avec une présence dans plus de 85 pays dans le monde. Elle a été créée en 1865 sous le nom de « The Hongkong and Shanghai Banking Corporation », et son siège social est basé à Londres. En France, HSBC totalise environ 400 agences et près de 10 000 salariés, avec une spécialisation dans plusieurs activités : une banque pour les particuliers, spécialisées notamment dans la gestion de patrimoine, une banque privée (gestion de fortune), une banque d’entreprises, qui s’appuie sur le réseau de l’ensemble du groupe HSBC dans le monde, et une banque de financement, d’investissement et de marchés. En 2012, HSBC France a réalisé un résultat avant impôt de 450 millions d’euros.