Senior Legal Counsel - Global Liquidity and Cash Management - HSBC - New York, New York - EXPIRED
This is an archive of an expired job.
North America-United States-New York-New York
- To provide expert and professional legal advice, guidance and support to ensure that all relevant legal and reputational risks are identified, reported and mitigated.
- To act as Senior Legal Counsel with responsibilities for advice and support of the Global Liquidity and Cash Management (GLCM) U.S. Business in the execution of strategic and long-term business and operational initiatives.
- To support Commercial Banking (CMB) in the U.S. to ensure coordination and consideration of applicable regulatory issues in the use and deployment of GLCM products to CMB customers.
- To coordinate and report on the identification and mitigation of Legal Risk for GLCM Legal, U.S.
Impact on the Business
- Provide counsel and legal support on a wide variety of legal matters, including matters that are complex and involve issues of first impression.
- Act as a trusted adviser to the business by providing commercially sensitive, pragmatic and practical legal support and advice which is also cost-effective.
- Provide relevant support and guidance to Global Banking and Markets (GBM) departments.
Customers / Stakeholders
- Provide prompt, commercial, practical and sometimes complex and / or specialized legal advice to GBM departments.
- Be proactive in the provision of legal support and in advising the business promptly of material legal developments and their implications.
- Ensure senior legal management is fully briefed on major issues arising in relevant business area and major legislative changes in area of expertise.
- Recommend and manage law firms and other appropriate external parties.
- Deliver fair outcomes for our customers and ensure own conduct maintains the orderly and transparent operation of financial markets.
Leadership & Teamwork
- Support achievement of the HSBC vision, Values, goals and culture in personal behavior, actions and decision making.
- Provide technical leadership and support technical excellence by searching out external best practices, monitoring technical and professional developments, sharing knowledge and encouraging others to do the same in the best interests of HSBC and its customers.
- Encourage and enable constructive cross-country and cross-business teamwork by demonstrating collaboration and matrix management in action and challenging actions and behaviors that are not consistent with HSBC's diversity policy and/or the best interests of the business and its customers.
Operational Effectiveness & Control
- Develop and recommend changes and improvements to operating models, procedures and practices based on subject matter expertise and understanding of HSBC and market best practices.
- Communicate and adhere to HSBC policies and procedures to ensure good operational, financial and project management, policy and procedural compliance and early identification and effective resolution or escalation of issues that arise.
- Contribute to the development, implementation and maintenance of relevant management information, analysis and reporting framework that supports and informs timely and effective business management and decision making at all levels in the relevant area of Global Legal.
- Contribute to the implementation and monitoring of the application of relevant policies, governance frameworks, procedures, practices and standards to ensure quality, effective risk management and regulatory compliance.
- Ability to adapt workstyle to meet complex and varied workloads and demands.
- Ability to effectively prioritize workloads, taking into account legal risk and commercial considerations.
- Maintain knowledge of HSBC Group operations and policies.
- Ability to think independently while maintaining an appropriate balance between management and mitigation of legal risk and business efficacy.
- Deepening knowledge of areas of specialty with ability to take a view as to how law is developing in order to effectively advise clients and reach solutions.
- Increasing ability to handle more complex tasks with less supervision.
- Enhanced relationship with higher levels of management inspiring confidence of customers/stakeholders.
- Ability to balance the need for further analysis and timely decisions, given commercial and other pressures.
- The jobholder assists GLCM senior management in the U.S. to manage legal risk across the GLCM business in accordance with established policies and procedures. The diversity of HSBC’s business, its geographic spread and the constant changes internally and externally means the diversity of matters which the jobholder is required to manage and advise on is very wide.
- The role requires an understanding of the structure of the HSBC Group and its culture and the ability to handle increasingly complex legal issues.
- The jobholder must also establish close mutually supportive working relationships with other members of the GLCM and GBM Legal team and the Global Legal Function.
- Works largely autonomously, but seeks management input on unusual situations, highly complex issues, and matters that may pose significant legal, financial and / or reputational risk to HSBC.
Management of Risk
The jobholder will ensure the fair treatment of our customers is at the heart of everything we do, both personally and as an organization.
This will be achieved by consistently displaying the behaviors that form part of the HSBC Values and culture and adhering to HSBC risk policies and procedures, including notification and escalation of any concerns and taking required action in relation to points raised by audit and/or external regulators.
The jobholder is responsible for managing and mitigating operational risks in their day to day operations. In executing these responsibilities, the Group has adopted risk management and internal control structure referred to as the ‘Three Lines of Defense’. The jobholder should ensure they understand their position within the Three Lines of Defense, and act accordingly in line with operational risk policy, escalating in a timely manner where they are unsure of actions required.
The following statement is only for roles with core responsibilities in Operational Risk Management (Risk Owner, Control Owner, Risk Steward, BRCM, and Operational Risk Function)
The jobholder has responsibility for overseeing and ensuring that Operational risks are managed in accordance with the Group Standards Manual, Risk FIM, & relevant guidelines & standards. The jobholder should comply with the detailed expectations and responsibilities for their core role in operational risk management through ensuring all actions take account of operational risks, and through using the Operational Risk Management Framework appropriately to manage those risks.
This will be achieved by:
- Continuously reassessing 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.
- Ensuring all actions take account of the likelihood of operational risk occurring, addressing areas of concern in conjunction with Risk and relevant line colleagues, and also by ensuring that actions resulting from points raised by internal or external audits, and external regulators, are correctly implemented in a timely fashion.
Observation of Internal Controls
The jobholder will adhere to, and be able to demonstrate adherence to, internal controls and will implement the Group compliance policy by adhering to all relevant processes/procedures.
The jobholder will implement the Group compliance policy by adhering to all relevant processes/procedures. The term ‘compliance’ embraces all relevant financial services laws, rules and codes with which the business has to comply.
This will be achieved by adherence to all relevant procedures, keeping appropriate records and, where appropriate, by the timely implementation of internal and external audit points, including issues raised by external regulators. Through the implementation the Global AML, Sanctions and ABC Policies, supporting Guidance, and Line of Business Procedures the jobholder will make informed decisions in accordance with the core principles of HSBC's Financial Crime Risk Appetite.
The following statement is only for roles with managerial or specific Compliance responsibilities
The jobholder will implement measures to contain compliance risk across the business area. This will be achieved by liaising with Compliance department about business initiatives at the earliest opportunity. Also and when applicable, by ensuring adequate resources are in place and training is provided, fostering a compliance culture and optimizing relations with regulators.
of the Bar of the State of NY (or other U.S. jurisdiction & knowledgeable
of NY law).
of and experience with banking, corporate and securities law concepts and a
working knowledge of the laws in the major jurisdictions in which HSBC operates
and compliance experience an advantage, but not essential
intellectual curiosity and flexibility, including in the face of complex or
“grey” constructs and changing circumstances
and creative collaborator who constructively engages colleagues while advancing
of the HSBC Group corporate structures, its business and corporate culture
to prioritize competing demands
attention to detail
to communicate clearly and concisely;
solid inter-personal skills