VP Senior Compliance Risk Assessment Officer - Regulatory Compliance

Job description

Assists the Director of General Compliance Risk Assessments in overseeing and administering the Compliance Detailed Self-Assessment (CDSA). Ensures that accurate identification and measurement of the level of risk is fundamental to implementing a risk based program and managing the bank’s risk exposure.
 
Impact on the Business
 
Provides guidance, standards, and tools to assist the business in completing the CDSA.
Assists in the identification of key regulatory risks by compliance obligation, assessable unit, and legal entity.
Reviews completed risk assessments to ensure the assessments are comprehensive and the risk ratings are appropriate and fully supported;
Overrides Risk Assessment results if inaccurate or not adequately supported;
Guides the determination of whether the compliance risk exposures are within HNAH’s strategic risk appetite;
Prepares Enterprise Risk Assessment (ERA) analyses of compliance risk by obligation, business, and legal entity, and report the results in accordance with established timelines.
Maintains the inventory of compliance obligations, determining the enterprise-wide risk rating for each compliance obligation in the inventory, the compliance risk assessment database and associated Management Information Systems (MIS). Identifies and records the specific unit or group that has assumed responsibility for compliance obligations crossing multiple business lines during the aggregation process.
Represents Compliance function as a member of various business and governance committees
 
Customers / Stakeholders
 
Engages senior Compliance and business management by providing formal reports regarding the evaluation of the effectiveness of controls in relation to laws and regulations impacting the business.
Prepares final entity level risk assessment report and communicates the results to the HSBC Business Units, Local Compliance Officers, Senior Management and the Board of Directors.
 
Leadership & Teamwork
 
Promotes an environment that supports diversity and reflects the HSBC brand
Provides project management support on compliance-related projects and initiatives to ensure they progress toward a common goal in alignment with agreed timelines.
Drives excellence, consistency, and quality across the team.
Collaborates and fosters good relations with the Compliance teams and Business areas.
With senior management, leads by example, demonstrating core behaviors and values including teamwork, focus, drive, and determination.
 
Operational Effectiveness & Control
 
Maintains a current knowledge of industry compliance initiatives pertaining to areas of responsibility and best practices.
Maintains awareness of major regulatory changes affecting assigned business (es); ensures appropriate communication and development of appropriate policy/procedure changes to remain compliant.
Focuses the Business Line Management, Compliance, and Internal Audit on the key compliance risks and controls, so they may develop remediation strategies, target resources and/or develop testing strategies based on the level of compliance risk
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.
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
 
Shares ownership with business leadership team in the ongoing advancement of a positive compliance culture through cultural transformation.
Under an increasingly and heavily regulated environment, ensures the business lines are compliant with all applicable laws, rules and regulations.
Requires a high level of engagement and awareness of activities across all business lines.
Understands a regulator's perspective on risk.
Stays abreast of changes in the regulatory landscape and the impact it has on the businesses.
 
Role Context 
Sets priorities and makes day-to-day decisions independently.
Escalates matters to senior management as needed.
Works well independently, with minimal direction.
Demonstrates a thorough understanding of policies and procedures pertaining to the role. Aware of what constitutes an effective control environment.
Communicates effectively and professionally, and conveys the key information needed to ensure compliance goals are met.
Possesses strong knowledge of banking regulations and its impact across all business lines of HSBC.
Actively engages the Local Compliance Officers and Risk Managers.
 
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.
Helps ensure employees apply compliance, operational risk controls in accordance with HSBC and regulatory requirements, expectations, standards and policies; optimizes relations with regulators by addressing any issues.
Adheres to HNAH’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.
Communicates control weaknesses to other group leaders and business management in accordance with issue escalation procedures.
Helps 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.

Desired profile

Minimum of 5-7 years proven and progressive financial services operations, compliance and/or legal management experience, or equivalent
Minimum of a Bachelor's degree in business, related field or equivalent experience; Master's degree preferred
Well-developed communications, negotiation, analytical, organizational, project management and strategic and/or operational planning skills
Familiarity with bank regulations and related KPIs
Strong analytical and verbal /writing skills to articulate results of complex analyses/report findings
Broad scope of knowledge of assigned businesses, including products, operations, systems and organization and full understanding of all significant regulatory compliance requirements applicable to assigned business(es)
Proven ability to accomplish high-level objectives in the context of annual business and compliance plans
Proficiency with personal computers and pertinent mainframe systems and software packages
 
EEO/AA/Minorities/Women/Disability/Veterans