Vice President, Financial Crime Compliance, Global Banking and Markets, Wholesale - HSBC - New York, New York - EXPIRED
Posted on: 01-23-2020 in New York, New York
This is an archive of an expired job.
Job Information:
Company: HSBC
North America-United States-New York-New York
The role will support the US Head
of Global Banking and Markets (GBM) FCC Advisory in providing oversight, guidance,
challenge and governance for the US Global Banking and Markets and GLCM function.
The role is accountable for interfacing with multiple stakeholders across
business lines in support of FCC strategic initiatives. The key interfaces
include the direct reports (or their delegates) from the Chief Control Office,
Global Banking and Markets, GLCM and Financial Crime Risk functions. In order
to assist the US Head of GBM FCC Advisory in achieving the objectives of the US
FCC Programme, the role will also support the US Head of GBM FCC Advisory in
the development and implementation of robust administrative, operational and
reporting procedures to support executive functions of the Global Head of FCC.
Impact on the Business
- The role will support US GBM
FCC in building a strong cross governance framework, ensuring that the
high level reporting requirements (Correspondent Banking Risk Forum,
Affiliate Working Group, Banking Risk Forum) are timely and of high
quality.
- Develop and monitor
procedures that are fit for purpose, which support the administrative and
operational requirements of GBM FCC and ultimately the US Head of FCC
function.
- Support significant
change/transformation initiatives within the US FCC functions. Work in
close cooperation with other stakeholders to ensure alignment of
activities, procedures and initiatives.
Customers / Stakeholders
- Strengthen the
risk focus on the agreed obligations that may extend over long periods of
time.
- Work closely
with FCC teams to ensure regular reporting on FCC strategic measures and
achievements.
- Assist the US
head of GBM FCC in review of FCC strategies and plans which fall under the
oversight of the US FCC Head.
- Actively
contributes to MTO’s by providing challenges, methodological support and
ensuring alignment with Group and regional strategy.
- Manages the
process for strategic reviews and provides support on reporting matters.
- Work closely
with FCC teams to ensure recurring reporting is developed and produced to
support key FCC accountabilities.
Leadership & Teamwork
- Foster a close
working relationship with the local compliance and monitoring teams.
- Assist in
liaison with stakeholders in relation to FCC strategic initiatives and
objectives.
- Work effectively
and collaboratively with HNAH and Group FCC and RC leadership teams,
Regional and Global Businesses and Risk functions.
- Demonstrate core
behaviors and values including teamwork, focus, drive and determination.
Operational Effectiveness & Control
- Support the
articulation of the Risk Strategy to key stakeholders.
- Monitor the
effectiveness of implementation of Risk Strategy and policies.
- Develop a
detailed understanding of Global FCC critical issues.
- Bring clarity to
strategic trends and forecasting to ensure that FCC initiatives stay
within limits both on a short-term and long-term basis.
- Ensure compliance
with all relevant internal and external rules, regulations, and procedures
that apply to the conduct of the business in which you are involved.
- To implement the
Group compliance policy locally by containing compliance risk in liaison
with the Head of Group Compliance, Global Business Compliance Officer,
Area Compliance Officer or Local Compliance Officer, ensuring adequate
compliance resources and training, fostering a compliance culture and
optimizing relations with regulators.
- Complete other
responsibilities, as assigned.
Major
Challenges (The
challenges inherent in the role that require a continual test of the role
holder’s abilities)
- To Keeping
abreast of regulatory developments in Local and Global FCC matters.
- With increasing
regulatory focus, demonstrating compliance with financial crime standards
is paramount.
- Assessing the
compliance implications of new products and services.
- To influence
risk and business strategies not only at a challenging point in time from
an economic and capital standpoint, but also at a time when the regulatory
and competitive environment is significantly challenging our business
models.
- To drive
solutions but bring balance in implementation complexity given the
competing priorities on risk resources.
Role
Context (The
environment and operating conditions of the role including the extent of
guidance and authority)
- This is a
position that will be working across a set of risk “silos” that typically
are not coordinated in some areas, so clear communication of the need for
coordination and change will be needed, as well an approach to practical
and easily implemented solutions.
- The jobholder
will need to work closely with the Local FCC Heads along with key Global stakeholders
on the FCC and RC Regional teams.
Management
of Risk (Operational
Risk / FIM requirements)
- Ensure
compliance, operational risk controls in accordance with HSBC or
regulatory standards and policies; and optimize relations with regulators
by addressing any issues.
- Adheres to
HNAH’s Statement of Business Principles and Code of Ethics.
- The jobholder
will also continually reassess the operational 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.
- This will be
achieved by ensuring all actions take account of the likelihood of
operational risk occurring.
- Also by
addressing any areas of concern in conjunction with line management and/or
the appropriate department.
Observation
of Internal Controls (Compliance
Policy / FIM requirements)
- Maintains HSBC
internal control standards, including timely implementation of internal
and external audit points together with any issues raised by external regulators.
- As appropriate
for the role, ensures alignment with regulatory requirements, the
Compliance FIM, HNAH’s Enterprise Compliance Policy and Program, the CRMP
Manual, HNAH’s BSA/AML Policy, other Group policies and all related
policies and procedures.
- The jobholder
will also adhere to and be able to demonstrate adherence to internal
controls. 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.
- The jobholder
will implement the Group compliance policy by containing compliance risk
in liaison with Global Head of Compliance, Global Compliance Officer, Area
Compliance Officer or Local Compliance Officer. The term ‘compliance’
embraces all relevant financial services laws, rules and codes with which
the business has to comply. This will be achieved by adhering to all
relevant processes/procedures and by liaising with Compliance department
about new 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 optimising relations with
regulators.
Impact on the Business If you would like to notify the Diversity Recruitment team of your application or if you are simply interested in learning about opportunities at HSBC, please email
[email protected]