Head of Regulatory Compliance, CIB Advisory and Policy Advisory

HSBC•Guernsey, OH

About The Position

The Risk and Compliance function is a Second line of defence (LOD) function, responsible for reviewing and challenging the activities of the Group’s businesses (also referred to as “the First LOD”) to ensure that they effectively manage as “Risk Owners” the risks inherent in or arising from the conduct of their activities and for which they are responsible. The Second LOD consists of 'Risk Stewards' who are independent of the commercial risk-taking activities undertaken by the First LOD. The Risk and Compliance function is a Risk Steward for a number of non-financial risks in accordance with HSBC Group’s risk framework. The Head of CIB RC, Advisory & Policy Advisory is responsible for ensuring that HSBC’s operations in CIIOM are effective in identifying, managing and mitigating Regulatory Compliance risks. To support CIB line management to ensure that all business is conducted in accordance with the letter and the spirit of all applicable laws, rules, regulations, codes of practice, Global Standards Manual and Compliance Section of the Global Risk FIM.

Requirements

Robust level of Compliance and financial services knowledge and experience, including knowledge and practical experience of Group policy regarding CIB and the related CIIOM legislation/orders/codes of practice and the ability to apply this effectively and independently and as part of the team
People management experience and the ability to motivate personnel in a challenging and constantly developing environment is desirable
Ability and drive to raise standards and regulatory compliance culture across the businesses
Experience of markets and company/corporate conducted within either a CIIOM or Offshore environment
Experience of managing relationships with regulators and auditors
Strong interpersonal skills, including confidence and ability to interact and negotiate with executive and senior management and at all times being solution focused and commercially aware, as well as good oral and written communication skills
Proven analytical and reporting skills, together with the ability to support decisions with sound reasoning and to articulate verbally and in writing, potentially delivering unwelcome messages to mitigate regulatory risk.
Experience in a regulated position such as an MLRO and/or DMLRO

Responsibilities

Articulate the Regulatory Compliance risks for CIB and support CIB line management to ensure that all business is conducted in accordance with the letter and the spirity of all applicable laws, rules, regulations, codes of practice, Global Standards Manual and Compliance Section of the Global Risk FIM
Provide advisory services to the CIB business in order to ensure clear understanding of compliance risk exposure with respect to clients, transactions and products
Be responsible for second line governance of Regulatory Compliance risks exposures, providing analysis, reporting and governance to CIIOM that is independent of the first line of defence, thereby maintaining an objective assessment of risk exposure
Assist the Head of Regulatory Compliance, CIIOM and relevant senior management of CIIOM, and other colleagues on all material compliance related matters and support the CIIOM CIB Regulatory Compliance team, establishing guiding principles and achieve operational objectives
Influence a large area of regulated activity in a functional manner across a number of internal departments and governance committees to ensure the overall environment in which supported entities operate is fully compliant by taking a pro-active and innovative approach to risk management
Fostering good relationships with local regulators and external bodes, t and act as one of the Primary Regulatory Contacts in Guernsey Supporting the process for Compliance policy implementation and working with Compliance Risk Stewards to oversee gap analysis and successful implementation
Supporting the oversight and development of CIIOMs approach to Conduct Risk, working with Risk Stewards to increase awareness of Conduct Risk and embed the Group approach to Conduct Risk management