Senior Business Analyst, System Controls & Analytics (Regulatory Compliance Support)

Job description

Employment Type: Regular
 
Reporting to AVP System Controls & Analytics FCC & RC, this position is responsible for supporting the regulatory compliance system initiatives and enhancements for HSBC Canada.
Impact on the Business
Support the below functions of the System Controls & Analytics team:
Case Management
Governance & Program Management
Risk Management
Incident Management
Support and administrative duties as assigned of the following systems:
LCMS (Legislative Compliance Management System)
Watchfire
Support projects by reviewing or assisting with:
User Requirements
Design Documents
User’s Acceptance Testing
Implementation
Product Verification Testing
Discharge the accountabilities set out in the Compliance Officer Handbook by pro-actively assisting management in identifying and containing compliance risk, monitoring, reporting and certification, fostering a compliance culture and optimizing relations with regulators. Ensure adherence to the Legal and Compliance FIM
Implement Group policy locally; maintain internal control standards through timely action on audit points; ensure employees apply compliance, internal and operational risk controls in accordance with HSBC or regulatory standards and policies; and optimize relations with regulators by addressing any issues. Emphasize and model human resources and other HSBC policies in order to create an ethical, safe and supportive work environment.
In conjunction with the AVP System Controls & Analytics work to discharge HSBC Canada’s responsibility for complying with all relevant Canadian regulations, internal HSBC group compliance requirements and reputational risks and issues associated to Regulatory Compliance matters
 
Customers / Stakeholders
 
Pro-actively assist the COO, AVP System Controls & Analytics, Local Compliance Officers and line management in identifying and mitigating AML compliance and reputational risk to help foster a compliance culture
Working with the COO, AVP System Controls & Analytics and all AML stakeholders in the development and enhancement of products as they relate to assigned areas to ensure compliance with applicable regulations; coordinate development and maintenance of supporting RC policies, procedures, agreements and contracts; ensure Compliance representation and delivery of RC compliance advice on business projects/initiatives
 
Leadership & Teamwork
 
Serve as liaison (as needed) to foster good working relationships with internal/external audit and regulatory agencies on an enterprise-wide basis
Maintain awareness of major RC regulatory changes related to assigned areas affecting HSBC Canada (enterprise-wide) and work with all stakeholders to ensure that products, services, operations and procedures remain compliant with applicable RC regulations
Ensure appropriate liaison and coordination with Local Compliance Officers and other general compliance staff in the delivery of RC guidance as it relates to assigned areas
Complete other responsibilities, as assigned.
Promote an environment that supports diversity and reflects the HSBC brand.
 
Operational Effectiveness & Control
 
Identify, investigate and report all material and significant regulatory breaches or potential breaches of regulations as they relate to assigned areas; ensure completion of corrective action required
Prepare and issue reports and certifications where required
Develop external contacts among industry peer groups to determine/validate that HSBC Canada is following and instrumental in developing industry best practice
Provide assistance in maintaining oversight over all regulatory and compliance matters for assigned areas
Ensure that all employees are aware of and effectively identify and manage applicable money laundering (ML), terrorist financing (TF), sanctions and reputational risks.
Complete other responsibilities, as assigned.
 
Major Challenges
 
Maintaining and developing consistent controls to identify and mitigate Regulatory Compliance risk throughout this complex business.
 
Role Context
 
The position helps support Regulatory Compliance activities on an enterprise-wide basis for HSBC Canada. Many HSBC Canada businesses entail a high degree of RC compliance and reputational risk, particularly with respect to risks arising out of non-compliance with extensive and complex regulations. Failure to comply with these regulations would have significant negative effects on relations with regulators, the reputation of HSBC and may result in regulatory sanctions, including regulatory fines of material amounts
The position principally works with the System Controls & Analytics team and indirectly with other Regulatory compliance staff, risk/internal control groups, and business stakeholders to implement an effective enterprise-wide RC program for HSBC Canada. Decision beyond authority are referred to the COO or AVP System Controls & Analytics for approval
 
Management of Risk
 
Ensure compliance of both general and anti-money laundering and anti-terrorist financing (AML/ATF) compliance controls as well as operational risk controls in accordance with HSBC or regulatory standards and policies; and optimize relations with regulators by addressing any issues.
(GCB 0-3) Ensure employees apply compliance, operational risk controls in accordance with HSBC or regulatory standards and policies; and optimize relations with regulators by addressing any issues.
(GCB 4-9) Ensure compliance, operational risk controls in accordance with HSBC or regulatory standards and policies; and optimize relations with regulators by addressing any issues.
(All GCB) Promote an environment that supports diversity and reflects the HSBC brand. 
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.
(All GCB) Maintains HSBC internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators.
(GCB 0-3) To implement the Group Compliance policy locally by managing compliance risk in liaison with the Head of Group Compliance, Regional Compliance Officer, Area Compliance Officer or Local Compliance Officer, ensuring adequate compliance resources are in place and training is provided, fostering a compliance culture and optimizing relations with regulators.

Desired profile

Minimum of 3 years proven and progressive financial services operations, compliance or legal experience or equivalent
Bachelor’s degree in computer science, law, business, finance, accounting, related field or equivalent experience
Awareness of good risk management and governance frameworks including 3 lines of defence criteria
Good understanding and experience of Regulatory Compliance regulations
Understanding of the activities of relevant business lines and associated compliance risks
Wide scope of knowledge of assigned business(es), including products and operations, systems and organization
Understanding of all significant regulatory compliance requirements applicable to the assigned business(es) and pertinent Group policies and external regulations affecting their activities
Wide scope of knowledge of legislation and regulations impacting complex financial institutions in assigned areas
Proficiency with personal computers and pertinent mainframe systems and software packages.
Highly developed managerial, communications, negotiations, analytical, organizational, project management and planning skills.
Strong interpersonal, organizational, communications, analytical and project management skills
Experience in system/technology projects and processes such as developing, designing, testing and deploying