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Business Risk Control Management Senior Analyst - HSBC - New Jersey, Jersey City - EXPIRED


This is an archive of an expired job.

Job Information:

Company: HSBC

HSBC Logo North America-United States-New Jersey-Jersey City

Business Risk & Control Management (“BRCM”) is a team of risk specialists embedded in the Business and tasked with supporting Management’s ownership of risk and controls as the first line of defense to Operational Risk.   The analyst in BRCM identifies Operational Risk trends, areas and processes with inadequate control measures.  Participates in Risk Management projects to reduce risk exposures, improve the control environment and minimize errors and loss events. Leads internal control testing efforts as required. 

  • Assist business managers in completing Risk Control Assessments (RCA).  This will include (a) analysis of existing processes to determine the design as well as operating effectiveness of controls and (b) evaluation of internal/external operational events to quantify the financial, reputational & regulatory impact of failed controls.
  • Development or enhancement of monitoring tools to evaluate the operating effectiveness of the key controls in the Business.  Monitoring will include reviewing key indicators, sample testing and conducting thematic reviews.
  • Internal control reviews of high risk processes including procedure testing, establishing test plans and test scripts, providing recommendations, providing feedback and reporting to the Americas Head of BRCM (as required)
  • Preparation of monthly reports on business defined key risk indicators (KRI‘s), heatmaps and other reports that need to be sent to the HSS Risk Management team and the North America Global Banking and Markets Risk Management team
  • Preparation of monthly US and Region Americas HSS Risk and Control Committee reporting
  • Identification of Management Self-Identified Issues in a timely manner
  • Documentation and monitoring of progress of remedial actions for issues identified through BRCM testing and by others, including Internal Audit, Compliance, Regulators, and Management Self-Identified Issues
  • Perform other job-related duties as assigned (HELIOS maintenance, Daily Escalation Summary (“DES”) incident reports etc.).
  • Ability to evaluate evidence obtained from the business in testing and recommend actions to senior management.  

Management of Risk

  • Each employee must be aware of the Operational Risk scenario associated with the role and acts in a manner that takes account of operational risk considerations.
  • Each employee must ensure compliance, operational risk controls in accordance with HSBC or regulatory standards and policies; and optimize relations with regulators by addressing any issues.
  • Each employee must promote an environment that supports diversity and reflects the HSBC brand.

Observation of Internal Controls

  • Each employee must maintain HSBC internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators. Any failures to comply with the above should be reflected in year-end performance assessments.
  • Each employee must understand, follow and demonstrate compliance with all relevant internal and external rules, regulations and procedures that apply to the conduct of the business in which the jobholder is involved, specifically Internal Controls and any Compliance policy including, inter alia, the Group Compliance policy.

Qualifications

 

  • Minimum of bachelor’s degree in finance, accounting, business or related fields, CPA a +.
  • 3+ years banking/financial services experience within Operational Risk Testing.
  • Direct experience with internal control program development and testing – both from a Design as well as Operating effectiveness perspective.
  • Ability to document process flows and identify key control points (systems interface, departmental handoffs etc.) in order to highlight critical risks inherent within the processes under review.
  • Proven organizational skills with excellent work-paper documentation techniques.
  • Ability to communicate effectively and professionally with all levels within the organization.
  • Initiative, self-motivation and the ability to prioritize tasks and work independently under pressure
  • Working knowledge of US Banking Regulatory requirements (Regs. W, R, 9, Transfer Agent, Trust Indenture Act are significant focus areas), as well as FATCA
  • Working knowledge of SOX 404 front-to-back design and operating effectiveness testing 

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