Vice President Risk and Compliance Assurance
About The Position
In compliance with applicable laws, HSBC is committed to employing only those who are authorized to work in the US. Applicants must be legally authorized to work in the U.S. as HSBC will not engage in immigration sponsorship for this position. Our purpose – Opening up a world of opportunity – explains why we exist. Here at HSBC we use our unique expertise, capabilities, breadth and perspectives to open up new kinds of opportunity for our more than 40 million customers. We’re bringing together the people, ideas and capital that nurture progress and growth, helping to create a better world – for our customers, our people, our investors, our communities and the planet we all share. The US Assurance (Assurance) role reports into SVP, US Assurance, USA and is responsible for risk-based monitoring and testing of processes and outcomes of First Line of Defence (1LOD) activities to provide assurance that the business is operating in line with relevant laws, regulations, principles, and HSBC Group standards and policies and to ensure that HSBC maintains effective compliance controls. They also lead deep-dive and thematic reviews on issues, opportunities and/or strategic change.
Requirements
- Strong knowledge of markets trading and investment banking products, rules and regulations; strong understanding of institutional banking businesses (products, operations, systems, structures)
- Awareness of regulatory compliance requirements for Bank, Swap Dealer and Security-Based Swap Dealer legal entities
- Experience in Swap Dealer and Broker Dealer compliance control testing
- Applicants must be legally authorized to work in the U.S. as HSBC will not engage in immigration sponsorship for this position.
Responsibilities
- Lead assigned assurance reviews end-to-end (planning/scoping, fieldwork/testing, reporting, issue management) to ensure timely, high-quality execution
- Develop actionable review strategies to assess whether business controls meet requirements
- Provide effective 2LOD challenge of 1LOD risk and control activities, including assessing residual risk and coverage gaps
- Identify potential compliance issues arising from the Bank’s business activities using SME regulatory compliance knowledge
- Produce clear review reports for key stakeholders, including ratings, owners and actions
- Contribute to risk-based assurance planning with relevant Risk Stewards
- Partner with automation/analytics specialists to enable forensic testing and analysis of large data sets within reviews
- Support consolidated MI on monitoring and review outcomes for senior management
Benefits
- tailored professional development opportunities
- competitive pay and benefits package
- robust Wellness Hub
- welcoming and inclusive work environment
- industry-leading volunteerism policy
- generous matching gift program
- comprehensive program of immersive Sustainability and Climate Change Initiatives
- Employee Resource Groups
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What This Job Offers
Job Type
Full-time
Career Level
Manager
Education Level
No Education Listed
