Senior Manager Regulatory Compliance Assurance

Job description

Leads certain periodic functional reviews of assigned areas within the Second Line of Defense Compliance teams, U.S., in accordance with a continuous risk based methodology and in support of the Global Assurance Operating model. Performs ad-hoc assignments as directed by Immediate Supervisor or Regional Head of Assurance. Interacts with Compliance team within assigned area assigned by Immediate Supervisor or Review Lead as part of a larger team conducting a functional Assurance review.   
 
Impact on the Business
Reviews assigned area within the US Compliance function in accordance with the planned review schedule and continuous risk based methodology.
Creates and delivers reports representing results of each functional review.
Ensures appropriate and effective controls are in place within the Compliance function being reviewed.
Completes work plan and work papers supporting review work.
Detects areas of risk through review of Key Performance Indicators and Key Risk Indicators.
Provides recommendations as a result of the review and assessment; manages process to ensure recommendations are implemented timely.
Customers / Stakeholders
 
Fosters a positive culture of compliance by working proactively with the business, Compliance Officers (“COs”), Business Control & Risk Management (“BRCM”) internal controls functions, and other Compliance professionals to ensure that best practices and systems are in place to facilitate business growth and the overall success of HSBC in accordance with applicable laws, rules, regulations and internal policy.
Provides support to ensure U.S. Assurance is aligned with global objectives.
Collaborates and fosters good relations with other Compliance teams, Risk, Internal Audit, and all levels of U.S. management.
 
Leadership & Teamwork
 
Provides guidance to less experienced Compliance personnel on assurance matters, as appropriate.
Works independently on moderately complex aspects of reviews that have direct impact on alignment to the Global Assurance model.
Provides support to Review Leads on highly complex aspects of reviews and/or larger reviews.
Operational Effectiveness & Control
 
Assists management in identifying, maintaining, and continuing to improve an environment and culture of compliance.
Adheres strictly to compliance and operational risk controls in accordance with Company and regulatory standards, policies and practices; reports control weaknesses, compliance breaches and operational loss events.
Maintains a current knowledge of industry compliance initiatives pertaining to areas of responsibility and best practices.
Helps implement the Group compliance policy locally by managing compliance risk in liaison with the Global Head of Compliance, Global Compliance Officer, Area Compliance Officer or Local Compliance Officer, ensuring adequate compliance resources and training, fostering a compliance culture and optimizing relations with regulators.
Discharges Compliance Officer accountabilities by pro-actively assisting management in identifying and containing compliance risk, monitoring, reporting and certification, fostering a compliance culture and optimizing relations with regulators.
To implement the Group compliance policy locally by containing compliance risk in liaison with the Head of Group Compliance, Global Business Compliance Officer, Area Compliance Officer or Local Compliance Officer, ensuring adequate compliance resources and training, fostering a compliance culture and optimizing relations with regulators.
Complete other responsibilities, as assigned.
 
Major Challenges
 
Interacts with the diverse range of complexities within Compliance.
Understands a wide range of key compliance topics.
Executes assignments in a newly formed and evolving department.
Manages a range of work assignments and deadlines.
 
Role Context
 
Manages and fulfills on a timely basis a schedule of reviews of certain U.S. Compliance functions, in accordance with the Compliance Functional Instruction Manual (“FIM”), Sections B2.1.3, and CRMP Manual as directed by the Head of the department. Instructs and directs other members of the team and makes decisions based on knowledge and experience on certain reviews. Takes direction from Immediate Supervisor or Review Lead and executes specific sections of a work plan on more complex reviews. When unsure, guidance should be sought from Assurance Director and/or Regional Head of Assurance, U.S.
Interacts effectively with all levels of the Compliance and business teams as warranted. Acts as part of a team conducting assurance reviews for all compliance functions considered to be second line of defense functions. Possesses the ability to learn and understand a variety of business and compliance topics and the related risks in a short period of time. Acts proactively, develops and suggests ideas for enhancements to the team's activities.
The Global Assurance function is a new function being implemented in the U.S. Limited travel within the U.S. will be required to Compliance teams based outside New York City.
 
Management of Risk
 
Ensure compliance, operational risk controls in accordance with HSBC or regulatory standards and policies; and optimize relations with regulators by addressing any issues., The physical demands/work environment described above are representative of those that must be met by an employee to successfully perform the essential duties of the job. Reasonable accommodations may be made to enable individuals with disabilities to perform essential duties.
Adheres to the Firm’s Statement of Business Principles and Code of Ethics.
 
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.
As appropriate for the role, helps to ensure alignment with regulatory requirements, the Compliance FIM, HNAH’s Enterprise Compliance Policy and Program, the CRMP Manual, HNAH’s BSA/AML Policy, other Group policies and all related policies and procedures.
Provides support to ensure Assurance is aligned to regulatory requirements, the CRMP Manual and other Group policies.