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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 and Compliance
Principal responsibilities
mpact on the Business
- 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.
- Assess the effectiveness of HSBC’s control environment, independently from control owners.
- Drive the development of a global Disclosures Assurance plan, aiding in re-calibrations as necessary.
- Aid in confirming and verifying the composition of HSBC’s control landscape.
- Maintain continuous oversight, collection and dissemination of any regulatory, CA, and/or audit issues in order to provide ongoing advice and guidance regarding issues, which may affect the management of controls in scope of the Disclosures Assurance team coverage.
- Promote and support a risk minimising culture in alignment with the culture transformation and RCAS role as the second line of defense.
Customers / Stakeholders
- Develop strong professional relationships with control owners and other stakeholders at a global / regional / country level, to ensure the success of assurance reviews.
- Collaborate with relevant stakeholders to inform the global assessment plan, divisional procedures, templates, MI and other aspects.
- Support interaction with relevant regulatory bodies on a regular or as needed basis. Respond to regulator inquiries in a prompt manner.
- Ensure that executive and senior management in Global Businesses, Global Functions, Risk and Compliance are advised of matters arising, and emerging trends, from CA reviews and analysis.
- Support preparation of CA reports and status updates for senior management, the Board of Directors or Risk and Compliance Committee, and HSBC Group.
Leadership & Teamwork
- Drive a high performance and supportive culture in the team, energising staff by creating opportunities and developing capabilities, promoting the highest standards and celebrating success, supporting employee well-being, and collaborating to innovate.
- Set high behaviour standards that align with HSBC values, and lead by example.
- As a key member of the team, pro-actively provide support and constructive challenge to colleagues.
- Foster positive and professional working relationships with stakeholders throughout the Group.
- Provide subject matter expertise and guidance, as required.
- Ensure effective communication across the RCAS teams, delivering key messages and strategic updates as appropriate.
Operating Effectiveness & Control
- Continuously feed into CA procedures, templates and testing approach, to innovate and maintain high operating standards within the division.
- Maintain operating effectiveness within the division, mitigating the risk of high risk findings from Internal Audit or other evaluative internal/external teams.
- Proactively support the Group Head of RCAS – Controls Assurance in managing the resourcing and costs of the team, ensuring best use of flexible resources and careful control over costs.
- Through effective analysis of MI, INA reports, reviews and other key information, ensure the Assurance function is aware of, and can identify emerging trends impacting the effectiveness of the Compliance function.
Major Challenges (The challenges inherent in the role that require a continual test of the role holder’s abilities):
- To take the complexity of the regulation and the diversity of business and geographies within the Group as a whole, and achieve a balance between the demands of the regulators, external bodies and governmental initiatives and the Group’s shareholders and customers.
- To cultivate a high performance and supportive culture in the team, energising staff by creating opportunities and developing capabilities, promoting the highest standards and celebrating success, supporting employee well-being, and collaborating to innovate.
- Driving an innovative and forward-thinking approach to assurance in what is (in the case of dedicated Regulatory Reporting assurance) a new area, in order to deliver further assurance insight at greater scale and speed in a more sustainable, cost-efficient and effective way.
Role Context (The environment and operating conditions of the role including the extent of guidance and authority):
- 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, whom 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 organisation.
- 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 recognise when to escalate, as appropriate.
- The job holder is expected to interact with internal stakeholders at all levels in the GSCs, on-shore 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
Management of Risk (Operational Risk / FIM requirements):
- Be aware of the bank’s operational risk, primarily through identification and management of financial and non-financial risks associated with the business. The jobholder will also continually reassess the operational risks associated with the role and inherent in the business, taking account of changing economic or market conditions, legal and regulatory requirements, operating procedures and practices, management restructurings, and the impact of new technology.
- Operate in accordance with HSBC and/or regulatory standards and policies; and optimise relations with regulators by addressing any issues.
- The role holder is also expected to adhere to the CA Operating Model and testing standards are in accordance with the Group Standards Manual and FIM.
- The role holder addresses any areas of concern in conjunction with line management and/or the appropriate department.
Observation of Internal Controls (Compliance Policy / FIM requirements):
- Maintains HSBC internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators.
- To assist in the discharge of accountabilities set out in the Risk and Compliance FIMs by proactively assisting relevant executives in identifying and mitigating risks, and fostering a compliance culture and optimising relations with regulators.
