Regulatory Policy Manager

Job description

Role Title: Regulatory Policy Manager
Business: Global Finance
New or Existing Role? New
 
Role Purpose


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 is currently recruiting dynamic talent within its Policy team to meet the regulatory challenges for the group.

This specific role within the GRIAP Policy Team is a manager grade role to drive HSBC’s regulatory agenda within the HSBC group and HSBC’s UK entities.

All members of GRIAP must have strong regulatory knowledge, excellent team skills, significant attention to detail, and the ability to work within a constantly changing regulatory environment. As such, there is an over-arching need to be responsive and adaptable.

Steer and guide colleagues and sites on regulatory treatments and issues

Review PRA (Prudential Regulatory Authority) and other consultation papers and determine group policy for regulatory reporting

Work within team to develop policy related to capital that covers the broad spectrum required for Group (e.g., including capital buffers, loss-absorbing capacity etc.)

Liaise with industry bodies and peer banks to represent HSBC interests

Respond to fast changing requirements within the GRIAP team related to Policy subject matter expertise

Assist in ensuring integrity of group external reporting.
 
Key Accountabilities
Impact on the Business
Basel 3


Provide advice and guidance to Group and the sites on regulatory treatment of transactions

Liaise with industry and peer bank on implementation issues

Brief senior management and businesses on Basel impacts

Other

Review transactions under GSM process for regulatory clearance

Review discussion and relevant consultation papers

Provide support to ensure the integrity of the Group's external reporting, which impacts investor relations

Provide support and advice to Government and Investor relations, other stakeholders

Assist in documenting on a case by case basis, a summary of key decisions/requirements or changes which have affected/been affected by policy decisions.
 
Customers / Stakeholders


PRA to agree proposed approaches

 Other banks for industry wide issues

 Trade associations  (e.g. British Bankers Association BBA, European Banking Federation – EBF, and International Swaps and Derivatives Association – ISDA)

 Internal Group, regions, sites, business units
 
Leadership & Teamwork


Assume responsibilities of the manager in their absence 

To work effectively with the wider Group Regulatory function, Group Finance, Global Banking and Markets - GBM and the sites

Provide advice and assistance to colleagues working on other areas of regulation

Lead and effectively manage projects within the team examples
 
Operational Effectiveness & Control


Monitor and review the consultation process to ensure relevant stakeholders are informed appropriately

Assess implementation issues to ensure processes are effective and issues disseminated
 
Major Challenges


Keeping up to date with the complex and ever changing regulatory environment

Understanding and interpreting Basel 3 regulatory changes

Dealing with PRA and industry bodies, such as ISDA, BBA, EBF

Understanding general regulatory rules, financial accounting, complex products and structures

Understanding HSBC’s Basel 2/Basel 3 systems and controls and their data requirements and limitations
 
Role Context


Role is based in Global Finance

Role needs to interface with other Finance functions including Credit and International

Role needs to interface with businesses: GBM, RBWM, PB and CMB

Role also needs to interface with both regions and sites

Provide input to the FIM, GRCA and GLEAM updates

Authority to provide guidance to businesses and sites

Authority to deal with PRA and industry bodies

Regular contact with senior managers and above at both site and Group level
 
Management of Risk


Jobholder is responsible for correct guidance and interpretation of requirements given by regulators and supervisors and their application and relevance to HSBC

Jobholder is responsible for ensuring that they act in accordance with GSM/FIM

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


As of 30 September 2013 (based in HSBC Q3 Interim Statement):

Group RWAs of US$ 1,098,876m

Group Regulatory Capital of US$ 190,884m

Balance Sheet assets of US$ 2,723,362m

Desired profile

Knowledge & Experience / Qualifications
Knowledge and Experience


Qualified Accountant with post qualification experience

Extensive financial sector knowledge

Extensive regulatory experience

Specific knowledge of capital adequacy, capital buffers, loss-absorbing capacity
Professional Skills


Ability to remain independent / impartial and ensure guidance is given in the letter and spirit of the law

Ability to interpret and apply regulations across multiple regions and business lines

Ability to disseminate findings and conclusions to relevant audience in a concise and timely manner

Ability to challenge business and sites to ensure regulations are adhered to in both letter and spirit

Ability to manage conflicting timelines and individuals with pressures / agendas
 
 
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.