VP, Disclosures Assurance ,Global RCAS

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, Disclosures Assurance, Global RCAS

Business: Risk & Compliance

Principal responsibilities

·  This role holder will support the Head of Disclosures Assurance, RCAS CA in development of a Disclosures Assurance team responsible for delivering the controls supporting material regulatory reporting obligations assurance.
·  The job holder may be required to lead and manage a team of assurance staff, who will cover all business lines, functions and geographies.
·  The job holder will be responsible for ensuring that the allocated requirements of the assurance plan are met, providing risk stewards, control owners and senior management with up-to-date information regarding the effectiveness of key controls to mitigate material risks within the organization.
·  The job holder is required to work with considerable autonomy, dealing with major issues for which there is no clear cut solution while still being able to provide judgment, direction and recognize when to escalate, as appropriate.
·  The job holder is expected to interact with internal stakeholders at all levels in the GSCs, onshore regions/countries or even at group level.
·  This role is for regulatory reporting assurance focusing on credit risk related regulatory submissions that includes COREP, Pillar1, Pillar2, Pillar3 disclosures, stress testing, large exposure reporting, leverage ratio etc.
·  Key responsibilities will be  to conduct independent assurance/testing on above mentioned reports related to credit risk, assessing adherence to BASELIII, PRA, CRR/CRD, ECB/EBA HKMA, DFSA, FED, OCC guidelines.
·  The role holder must have strong expertise/understanding of credit measurements, IRB & standardized approaches, RWA, exposure calculations and capital adequacy in line with key regulatory requirements
·  Support development of an effective Disclosures Assurance function, aligned with the RCAS CA operating model.
·  Support implementation of the assessment plan, ensuring all assigned controls are subject to assessment within the relevant period.

Requirements

·  Navigating complexity of global ServCo models and intercompany recharge structures.
·  Balancing cost efficiency with delivery quality across multiple stakeholders.
·  Interpreting and implementing evolving group policies around cost management and third-party services.
·  Ensuring robust governance and documentation of recharge agreements, MI, and financial allocations.
·  Working in a matrix management environment across a high number of diverse stakeholders and geographies, with often conflicting viewpoints and agendas.
·  Successfully challenging the status quo with executive peers.
·  Overseeing continually evolving processes, as the aggressive pace of regulation and compliance drives the need for more efficient processes.
·  Required to interpret complex and opaque information to make crucial decisions and provide guidance to executives and other senior colleagues.

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You’ll achieve more at HSBC

HSBC is an equal opportunity employer committed to building a culture where all employees are valued, respected and opinions count. We take pride in providing a workplace that fosters continuous professional development, flexible working and, opportunities to grow within an inclusive and diverse environment. We encourage applications from all suitably qualified persons irrespective of, but not limited to, their gender or genetic information, sexual orientation, ethnicity, religion, social status, medical care leave requirements, political affiliation, people with disabilities, color, national origin, veteran status, etc., We consider all applications based on merit and suitability to the role.”

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