Senior Manager Regulatory Compliance Commercial Banking

Job description

Employment Type: Regular
 
This position has primary responsibility for the Compliance Risk Management program in Canada (development, implementation and maintenance). This position is also responsible to provide direction on the program to Local Compliance Officers (LCOs) and other Compliance staff in all HSBC lines of business, including:
Personal Financial Services (PFS)
Commercial Banking (CMB)
Corporate, Investment Banking and Markets (CIBM)
Consumer Finance
Impact on the Business
Manages assigned general compliance functions for business groups typically of a large, complex nature.
Assists management in identifying and containing compliance risk, compliance monitoring and fostering a compliance culture.
Works with management in the development and enhancement of products to ensure compliance with applicable laws and regulations; coordinate development and maintenance of supporting policies, procedures, agreements and contracts.
Ensures appropriate accommodations for examiners, facilitate information requests and meetings, participate in exit interviews and coordinate management responses to examination findings.
Maintains strong awareness of major regulatory changes affecting assigned business(es) in order to proactively address the business impact in an evolving environment and to develop the appropriate response to remain compliant; ensure appropriate communication and development of appropriate policy/procedure changes to remain compliant.
Identifies and reports all significant regulatory compliance breaches or gaps.
Discharges the accountabilities set out in the Compliance Officer Handbook by proactively assisting management in identifying and containing compliance risk, monitoring, reporting and certification, fostering a compliance culture and optimizing relations with regulators.
 Customers / Stakeholders
Develops external contacts among industry peer groups to determine/validate that the Company is following and instrumental in developing industry best practice.
Serves as liaison for assigned businesses to foster good working relationships with internal audit and regulatory agencies affecting assigned business(es).
Works with legal and business management to design and implement changes to business policies and procedures as appropriate.
Leadership & Teamwork
Lead and develop an effective team through communication, performance management, development plans and reward/recognition practices.
Promote an environment that supports diversity and reflects the HSBC brand.
 
 Operational Effectiveness & Control
Ensures adherence to the Compliance Officer and Money Laundering Control Officer handbooks.
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 polices in order to create an ethical, safe and supportive work environment.
This position is also responsible to provide solid analysis and recommendations and to exercise influence and decision-making authority with respect to compliance policies, procedures and requirements for these often-complex businesses. The position exercises a high degree of decision-making authority with respect to compliance policies, procedures and requirements, including new product approval, in assigned businesses. The position interprets legal opinions and determines the resulting business impact. Decisions beyond assigned authority are referred to higher management for approval.
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.
  Role Context
Directs the Compliance Risk Management program in Canada, working with business units, head office departments and Compliance colleagues to create, acquire, implement and maintain a compliance risk management and analysis methodology that leverages the Operational Risk database and processes.
Liaises with Local Compliance Officers (LCOs) and with Anti-Money Laundering Compliance team to ensure consistent development and execution of risk assessment methodology, and to further the creation of compliance charts, compliance review frameworks and other compliance materials based on compliance risk assessments.
Synthesizes research, strategy, and other information to develop concise approaches to prevent, detect and investigate compliance issues and makes relevant recommendations to improve existing processes, systems and operations to mitigate risks.
This position involves significant project management responsibilities including ownership of the Compliance Risk Management process and directing or assisting with other projects that are important to corporate-wide compliance initiatives.
 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.
 
 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

Desired profile

Minimum of eight years proven and progressive progressive financial services experience, particularly in assurance or risk management activities, or equivalent
Bachelor’s degree in business, related field or equivalent experience; CA (Chartered Accountant), CISA (Certified Information Systems Auditor) or similar certification preferred.
Well-developed managerial, communications, analytical, organizational, and planning skills. Strong initiative and positive attitude required. Must be able to deliver services as part of the business Compliance team, across company lines, and to work independently in performing the job responsibilities.
Strong knowledge of assigned businesses, products, operations, systems and organization and full understanding of all significant regulatory compliance requirements applicable to the business.
In-depth knowledge of systems development process and project management is essential. Familiarity with HSBC systems and proficiency with the use of an exception reporting programming language including the ability to program, generate and analyze reports to meet review objectives is preferred.
Proven ability to accomplish high-level objectives in the context of annual business and compliance plans..