Business Risk Control Management Senior Analyst - HSBC - New Jersey, Jersey City - EXPIRED
This is an archive of an expired job.
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
- 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
- Ability to evaluate evidence obtained
from the business in testing and recommend actions to senior management.
- 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.
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
- 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.
- 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