Job
Description
We are currently seeking an experienced professional to join our team in the role of Vice President, Disclosures Assurance, Global RCAS Business: Risk Compliance Principal responsibilities This role holder will support the Head of Disclosures Assurance, RCAS CA in development of a Disclosures Assurance team responsible for delivering the controls supporting material regulatory reporting obligations assurance. The job holder may be required to lead and manage a team of assurance staff, who will cover all business lines, functions and geographies. The job holder will be responsible for ensuring that the allocated requirements of the assurance plan are met, providing risk stewards, control owners and senior management with up-to-date information regarding the effectiveness of key controls to mitigate material risks within the organization. The job holder is required to work with considerable autonomy, dealing with major issues for which there is no clear cut solution while still being able to provide judgment, direction and recognize when to escalate, as appropriate. The job holder is expected to interact with internal stakeholders at all levels in the GSCs, onshore regions/countries or even at group level. This role is for regulatory reporting assurance focusing on credit risk related regulatory submissions that includes COREP, Pillar1, Pillar2, Pillar3 disclosures, stress testing, large exposure reporting, leverage ratio etc. Key responsibilities will be to conduct independent assurance/testing on above mentioned reports related to credit risk, assessing adherence to BASELIII, PRA, CRR/CRD, ECB/EBA HKMA, DFSA, FED, OCC guidelines. The role holder must have strong expertise/understanding of credit measurements, IRB standardized approaches, RWA, exposure calculations and capital adequacy in line with key regulatory requirements Impact on the Business Support development of an effective Disclosures Assurance function, aligned with the RCAS CA operating model. Support implementation of the assessment plan, ensuring all assigned controls are subject to assessment within the relevant period. Assess the effectiveness of HSBC s control environment, independently from control owners. Drive the development of a global Disclosures Assurance plan, aiding in re-calibrations as necessary. Aid in confirming and verifying the composition of HSBC s control landscape. Maintain continuous oversight, collection and dissemination of any regulatory, CA, and/or audit issues in order to provide ongoing advice and guidance regarding issues, which may affect the management of controls in scope of the Disclosures Assurance team coverage. Promote and support a risk minimising culture in alignment with the culture transformation and RCAS role as the second line of defense. Customers / Stakeholders Develop strong professional relationships with control owners and other stakeholders at a global / regional / country level, to ensure the success of assurance reviews. Collaborate with relevant stakeholders to inform the global assessment plan, divisional procedures, templates, MI and other aspects. Support interaction with relevant regulatory bodies on a regular or as needed basis. Respond to regulator inquiries in a prompt manner. Ensure that executive and senior management in Global Businesses, Global Functions, Risk and Compliance are advised of matters arising, and emerging trends, from CA reviews and analysis. Support preparation of CA reports and status updates for senior management, the Board of Directors or Risk and Compliance Committee, and HSBC Group. Leadership Teamwork Drive a high performance and supportive culture in the team, energising staff by creating opportunities and developing capabilities, promoting the highest standards and celebrating success, supporting employee well-being, and collaborating to innovate. Set high behaviour standards that align with HSBC values, and lead by example. As a key member of the team, pro-actively provide support and constructive challenge to colleagues. Foster positive and professional working relationships with stakeholders throughout the Group. Provide subject matter expertise and guidance, as required. Ensure effective communication across the RCAS teams, delivering key messages and strategic updates as appropriate. Operating Effectiveness Control Continuously feed into CA procedures, templates and testing approach, to innovate and maintain high operating standards within the division. Maintain operating effectiveness within the division, mitigating the risk of high risk findings from Internal Audit or other evaluative internal/external teams. Proactively support the Group Head of RCAS Controls Assurance in managing the resourcing and costs of the team, ensuring best use of flexible resources and careful control over costs. Through effective analysis of MI, INA reports, reviews and other key information, ensure the Assurance function is aware of, and can identify emerging trends impacting the effectiveness of the Compliance function. Requirements Navigating complexity of global ServCo models and intercompany recharge structures. Balancing cost efficiency with delivery quality across multiple stakeholders. Interpreting and implementing evolving group policies around cost management and third-party services. Ensuring robust governance and documentation of recharge agreements, MI, and financial allocations. Working in a matrix management environment across a high number of diverse stakeholders and geographies, with often conflicting viewpoints and agendas. Successfully challenging the status quo with executive peers. Overseeing continually evolving processes, as the aggressive pace of regulation and compliance drives the need for more efficient processes. What additional skills will be good to have Required to interpret complex and opaque information to make crucial decisions and provide guidance to executives and other senior colleagues.
