Vice President-Reg W-SME

Job description

Manages and administrates general oversight by advising, training, and monitoring of HNAH enterprise-wide Regulation W risk management. Maintains regulation updates and assesses the impact on business and support managers in implementing changes to products, services, systems and operations to ensure and sustain Reg. W Operating model.
 
Impact on the Business
Provide Regulation W subject-matter expertise to business lines in evaluating and assess potential covered transactions relating to Sections 23A or 23B
Monitor the development of the Dodd Frank Act pertaining to derivative, repurchase agreement and private equity/hedge fund classification
 
Customers / Stakeholders
Support Groups (Finance, Credit, Corporate Communication, Legal HR, Vendor Management)
Assist functions in assessing potential covered transactions relating to Sections 23A or 23B
Evaluate documents/data, procedures and system for regulatory impacts
 
Leadership & Teamwork
Provide support to assigned areas on Reg. W compliance-related issues
Provide material and support to Corporate Learning & Development in the development and delivery of compliance training programs
 
Operational Effectiveness & Control
Monitor activities of assigned area(s) to ensure compliance with applicable internal policies and procedures and external regulations
Participate in special compliance reviews, projects and training efforts, as required
Complete other related duties as assigned to support the Company’s Diversity programs
 
Role Context
 
This role will have compliance adherence responsibility driven by the line of business support. This position supports the following lines of business, including but not limited to:
 
Regulation W Operating Model
Assists Finance in monitoring compliance matters in the assigned line of business for regulatory and operational risks and controls
 
Business
- GBM, CMB, PB, and RBWM Units
Provide Regulation W subject-matter expertise to business lines in evaluating and assessing potential covered transactions relating to Sections 23A and/or 23B
Review and assist in the revision of Business Unit Reg. W policies and control procedures
 
Quality Control
- Work with LCO and BRCM in projects such as BRCM testing and target training
 Communicate regulatory awareness across business/support groups, employees and compliance staff
Assist Compliance Risk assessment team and Internal Audit in periodic reviews
 
Technology Services
- Participate in IT controls review
Assist in formulating MIS criteria and exception reports to ensure Reg. W compliance
 
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
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

Desired profile

Minimum of five years proven experience in compliance, legal, audit, or equivalent role within Global Capital Market or Commercial Investment Banking industry
Proficiency in Regulation W for a large complex financial service organization is desired
Product Knowledge of Equity or Fixed Income products, Securities lending or derivative/structured products
Bachelor’s degree in business, finance, related field or JD
Strong written communication, interpersonal, and project management skills
Proficiency with Equity or Fixed Income systems is a plus
Highly motivated with ability to multi-task and remain organized in a fast-paced environment
EEO/AA/Minorities/Women/Disability/Veterans