VP, Compliance Assurance

Job description

Job description

Some careers have more impact than others.

If you’re looking for a career where you can make a real impression, join HSBC and discover how valued you’ll be.

HSBC is one of the largest banking and financial services organisations in the world, with operations in 62 countries and territories. We aim to be where the growth is, enabling businesses to thrive and economies to prosper, and, ultimately, helping people to fulfil their hopes and realise their ambitions.

We are currently seeking an experienced professional to join our team in the role of Vice President Compliance Assurance

Business: Risk and Compliance

Principal responsibilities

Impact on the Business

·  Play a lead role in executing the Compliance Assurance assessment plan, ensuring the accurate, efficient and timely completion of independent FC and/or RC control assessments. Oversee (where applicable) the quality of work delivered by testing teams and ensure compliance with global template, procedure and quality requirements.
·  Understand and document the remit, process composition and team handovers of relevant controls. Proactively monitor FC and RC risks to identify key emerging trends and themes to inform the Compliance Assurance assessment plan and the continuous development of CA methodology and procedures.
·  Evaluate and manage the allocation of resources on an ongoing basis to ensure completion of assigned risk and control assessments. Build strong relationships with all internal stakeholders, adopting a joined-up approach to the execution of tasks with minimum conflict, while ensuring the independence of Compliance Assurance.
·  Develop and maintain positive and professional relationships with key external stakeholders, where required. Ensure that executive and senior management in the business, functions and Compliance are advised of matters arising, and emerging trends, from assurance reviews and analysis.
·  Provide stakeholders with insight into Compliance Assurance activities. Liaise with Internal Audit to ensure that assurance activities and plans take full consideration of and inform audit activity.
·  Lead, develop and motivate the team to attract, retain and develop talent, ensuring delivery of business objectives. Lead on a portfolio of assessments, taking responsibility for their successful delivery.
·  Operate to a high standard, in alignment with HSBC Values, leading by personal behaviour and through your interaction with others. Drive a high performance culture across the team through effective leadership, engagement and collaboration.
·  Ensure effective communication across CA, delivering key messages and strategic updates as appropriate. Contribute to the development of Compliance Assurance procedures and templates, ensuring high operating standards within the division.
·  Drive high operational standards within the team and avoid high risk findings from Internal Audit or other internal/external Assurance teams. Be innovative in executing all responsibilities and providing solutions to complex issues in a dynamic, high-risk environment.
·  Achieve a balance between the demands of the regulators, external bodies and governmental initiatives and the Group’s shareholders and customers, having taken into account the complexity of financial services regulation and the diversity of business and geographies within the Group as a whole. Determine innovate ways of testing controls in a precise and efficient manner, harnessing analysis of data where possible.

Requirements

·  Experience in financial services compliance, testing, audit and/or legal management experience or equivalent.
·  Excellent understanding of financial crime and/or regulatory compliance and/or the aptitude to develop this understanding in good time, and must be familiar regarding relevant regional laws, regulations and the overall regulatory environment.
·  Experienced people manager, with excellent communication skills, a polished management style, and a proven track record of leading through change.
·  Proven ability to question, evaluate, and improve existing business processes and adequacy of information.
·  Experience working with local and regional stakeholders and an understanding of global standards of quality.
·  Minimum Bachelor’s degree in related field such as business, finance, law or equivalent experience; Master’s degree preferred.
·  Requires understanding of the changing regulatory landscape regarding compliance functions within the banking industry.
·  Broad knowledge of banking and a good understanding of all significant regulatory compliance requirements applicable to a CoE.
·  Experience developing assurance automation and analytics tools preferred.
·  Fluent in both oral and written English.