Regulatory Compliance Monitoring and Testing Assistant Manager

Job description

The role of the Regulatory Compliance Monitoring and Testing Assistant Manager is provide ongoing, periodic monitoring and comprehensive testing for adherence to RC requirements. The bank's RCMAT model will operate consistently in all countries to deliver greater transparency and consistency of the reporting of global Regulatory Compliance (RC) risks. Regulatory Compliance Monitoring and Testing Assistant Manager (RCMAT) Managers are a key Compliance role, responsible for coordinating RCMAT activity either Globally, Regionally or with in-country.

The purpose of the team is the execution of RCMAT policy and procedures in order to obtain reasonable assurance that the business is operating in line with relevant laws, regulations, codes and HSBC Group Standards. Responsibilities include, but are not limited to, undertaking thematic and targeted reviews of HSBC businesses operating in country, utilizing Small to Medium Sized Enterprise (SME) knowledge in the RCMAT risk environment to support the business, and identifying and make decisions on how to implement changes that mitigate risks that may result in the first and second Lines of Defence (1 & 2LoD) performing their role more effectively. This is to help achieve globally consistent and high quality monitoring activity.

The key purpose of this role is to support and manage the completion of the Global Banking and Markets (GBM) European RCMAT monitoring plan in country, assisting regional business line leads as appropriate, and meeting local RC requirements. In addition, support completion of the GBM European RCMAT monitoring plan across the region as directed and based on changing resource requirements. GBM covers sub business lines, Global Markets, Global Banking, Balance Sheet Management, HSBC Securities Services, Principal Investments and Global Research.

Your responsibilities will include:
· To support the Business by providing specialist monitoring assistance as required.
· Conduct periodic monitoring of key RC risks across all in-country business lines as directed by the regional RCMAT team
· Assist with the identification of key emerging compliance risks across all RC categories and interface appropriately with other RC teams and senior management.
· Proposing, managing and tracking the resolution of subsequent monitoring findings.
· Conduct thematic and targeted reviews,
· Track and close subsequent monitoring findings
· Provide regular updates and meaningful management information as requested
· Support the completion of the European RCMAT monitoring plan via on-site visits as required and subject to availability
· To support the delivery of RCMAT monitoring plans, both within country and across the region
· To deliver effective RCMAT reviews.
· To ensure progress on reviews and findings are captured in management information.
· Face key Business decision makers within the Bank and ensure a clear and open channel of communication with management so information, questions, and concerns of RCMAT can be directed to the proper stakeholders in a prompt and efficient manner;
· Engage with RC and Business on emerging themes and compliance risks that could impact business;
· Interact with and coordinate activity with RC and Business as required;
· Collaborate with RC (Conduct) policy owners on horizon risks that may impact business;
· Collaborate with Business and Functional Heads on any relevant GBM RCMAT key findings or open issues.
· Contribute to the delivery of a clear vision for RCMAT that is aligned to the overall HSBC vision, values and goals, and inspires and engages people to create an inclusive, high performing, customer-centred culture.
· Engage and encourage constructive cross-country and cross-business teamwork by demonstrating collaboration and taking prompt action to address any activities and behaviours that are not consistent with HSBC's diversity policy and/or the best interests of the business and its customers.
· Contribute to the continuing development, implementation and improvement of the processes, structures, capabilities, capacity and infrastructure needed to deliver agreed plans and targets, collaborating with colleagues to maximise end to end integration, effectiveness and efficiency.
· Contribute to the development, implementation and maintenance of management information, analysis and reporting framework that supports and informs timely and effective business management and decision making at all levels.
· Implementing and upholding global standard processes.

Desired profile

Qualifications :

The ideal candidate for this role will have the below experience and qualifications:

·  Good understanding of the GBM regulatory environment and products.
·  Good knowledge of the FCA Handbook (in particular Custody and CASS Sourcebook for HSS roles);
·  Strong inter-personal skills and excellent communication, dealing with senior executives;
·  Understanding of RC requirements and risk-based monitoring techniques;
·  Understanding of HSBC governance, risk management and control frameworks;
·  Varied business and regulatory experience, the latter acquired via Compliance roles and/ or time with a regulator;
·  Knowledge of the GSM, Compliance FIM, Compliance Officers Handbook (COH) and the relevant sections of the Operations FIM;
·  Excellent planning, prioritisation and documentation skills are essential;
·  Enthusiastic, pro-active, self-starter with a drive to deliver high quality monitoring standards;
·  Effective and concise verbal and written communication skills;
·  Good knowledge of the English language and grammar;
·  A proven track record of quickly acquiring new skills and expertise;
·  Lateral, creative thinker with good problem solving and analytical skills;
·  Good quantitative and qualitative analytical skills; and
·  High level of professional and personal integrity.
The base location of this role will be London 8 Canada Square

Within HSBC certain roles are designated as Enhanced Vetting Roles. For these roles, all internal and external applicants are required (subject to local laws), to pass satisfactorily a series of additional checks both as part of the application process and, if successfully recruited into the Enhanced Vetting role, on an on-going basis. The Group reserves its position with regard to any steps which it may take in relation to any material adverse findings which arise either when the checks are first carried out as part of this recruitment exercise, and/or if relevant, on an on-going basis.
This role has been designated as an Enhanced Vetting Role.

HSBC is 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.