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 AVP Risk And Compliance Assurance act as an independent Second Line of Defence (2LOD) function that undertakes risk-based monitoring and testing of processes and outcomes of First Line of Defence (1LOD) Compliance 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 perform deep-dive and thematic reviews on issues, opportunities and/or strategic change.As our Asisstant Vice President Risk and Compliance Assurance you will:
- To use regulatory and testing knowledge to assess compliance controls implemented by the businesses. Ability to understand compliance risks present in retail brokerage business in addition to institutional brokerage, and investment banking is required
- To work effectively in a team setting to assist in the planning and execution of assigned reviews
- To this end, the team utilizes repeatable branch inspection methodology to complete remote and in person required visits of branch office locations on a periodic basis
- To perform testing, as directed by CA management, and assists in the reporting of related results designed to assist HNAH Compliance in identifying deficiencies and other issues impacting compliance controls, meanwhile managing the review to completion within defined timeframes
- To Help align the function to the Non-Financial Risk Management framework by conducting risk-based reviews
- To assist Business and Compliance Management in determining the effectiveness of their compliance control environment and provides line of sight for compliance management into regulatory issues
- To interact effectively with internal stakeholders to achieve CA and organizational objectives by utilizing the CA testing methodology and by applying required knowledge and skills
- To draft assigned portions of review reports in accordance with the CA methodology and reporting protocol regarding first line of defense assurance. Reports are written based on a risk framework and reported based on specific evidence gathered from testing
- To maintain appropriate focus on own self-development. In conjunction with Team Manager, identifies and participates in approved developmental training
For this role, HSBC targets a pay range between $8 a wide range of competitive and flexible benefits designed to help you improve your health and well-being, finances, and lifestyle.6,700.00 and $140,000.00The final fixed pay offer will depend on the candidate and a number of variables, including but not limited to, role responsibilities, skill set, depth of experience and education, licensing/certification requirements, internal relativity, and specific work location. At HSBC, our overall goal is to provide a competitive Total Reward Package, with an appropriate mix of fixed pay, and variable pay, as part of an employee's overall total compensation and benefits. Variable pay generally takes the form of discretionary, annual awards (sometimes referred to as a bonus ). Additionally, HSBC offers
Requirements You'll likely have the following qualifications to succeed in this role:
- Basic working knowledge or experience with the capital markets rules and regulations
- Knowledge of banking and security businesses, products, operations, systems and organization
- Understanding of regulatory compliance requirements applicable to the businesses
- Swap Dealer and/or Broker Dealer compliance control testing experience
- Strong interpersonal, communications, analytical, organizational, project management and planning skills
- Minimum of thress to five years proven and progressive financial services audit, operations, and/or compliance experience or equivalent. Bachelor's degree in business, finance, related field or equivalent experience.
In compliance with applicable laws, HSBC is committed to employing only those who are authorized to work in the U.S. Applicants must be legally authorized to work in the U.S. as HSBC will not engage in immigration sponsorship for this position.As an HSBC employee, you will have access to tailored professional development opportunities to ensure you have the right skills for today and tomorrow. We offer a competitive pay and benefits package including a robust Wellness Hub, all in a welcoming, diverse and inclusive work environment. You will be empowered to drive HSBC's engagement with the communities we serve through an industry-leading volunteerism policy, a generous matching gift program, and a comprehensive program of immersive Sustainability and Climate Change Initiatives. You'll want to join our Employee Resource Groups as they play a central part in life at HSBC, including the development of our employees and networking inside and outside of HSBC. We value difference. We succeed together. We take responsibility. We get it done. And we want you to help us build the bank of the future!All qualified applicants will receive consideration for employment without regard to age, ancestry, color, race, national origin, ethnicity, disability or medical condition, genetic information, military or veteran service, religion, creed, sex, gender, pregnancy, childbirth, caregiver status, marital status, citizenship or immigration status, sexual orientation, gender identity or expression or any other trait protected by applicable law.