This job has expired, please see additional jobs below
Vice President Team Manager Compliance Control Review
HSBC
Jersey City, NJ, United States
Job Details - this job has expired, please see similar jobs below
Description
Manages multiple compliance testing reviews, and detects, reports, and follows up on regulatory issues that arise. Takes a “hands on” approach to compliance testing, focusing on control activities (e.g., first line of defense compliance monitoring functions) within responsible business lines (i.e., GBM, CMB, PB, RBWM), and in related support activities (e.g., IT, MIS, Operations), by motivating and supervising testing staff as well as ensuring work fosters a “team” approach.
Impact on the Business
• Provides assurance and challenge of the effectiveness of the risk and control activities conducted by the first line of defense, and determines residual risk of identified coverage gaps.
• Aligns the function to the Strong Enterprise Risk Management (SERM) framework by deploying the critical second line of defense testing function.
• Assists Business and Compliance Management in determining the effectiveness of their compliance control environment and provides line of sight for compliance management into regulatory issues.
Customers / Stakeholders
• Engages proactively with senior compliance and business management throughout the planning, testing, and reporting processes.
• Develops review strategies to assure business control activities meet current regulatory requirements.
• Ensures timely execution of the review. Responsible for all steps of the review to include Planning, Fieldwork and Wrap-Up.
• Manages the everyday detail of the review and assigns tasks to the review team for completion.
Leadership & Teamwork
• Assists with the development of CMAT policies and procedures.
• Manages and participates in special compliance reviews, risk self-assessment projects and any additional assignments/projects as required by management.
• Provides guidance to the review team.
• Lead and develop an effective team through communication, performance management, development plans and reward/recognition practices.
• Promote an environment that supports diversity and reflects the HSBC brand.
Operational Effectiveness & Control
• Establishes testing objectives and scope of work. Establishes compliance testing budget and ensures overall execution of projects, from planning through issue identification, final report preparation and issue follow-up/resolution.
• Ensures CMAT reports findings appropriately, and proper review documents are maintained.
• Maintains a current knowledge of industry compliance initiatives pertaining to areas of responsibility and best practices.
• Discharges position accountabilities by pro-actively assisting management in identifying and containing compliance risk, monitoring, reporting and certification, fostering a compliance culture and optimizing relations with regulators.
• 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
• Maintains knowledge of and acts in conformance with HSBC internal control standards.
• Assists in reporting the status of the remediation of identified internal controls deficiencies (i.e. by internal audit, CMAT, management and regulatory authorities).
• Assesses residual compliance risk in absence of first line of defense.
Role Context
• Some U.S. domestic travel may be required in relation to individual assigned reviews.
• Depending on the individual role, required professional certification may include: CAMS, CANNON Trust, CISA, CRCM, CCRP, CIA, CFSA, CPA, etc
Management of Risk
• Ensure compliance, operational risk controls in accordance with HSBC or regulatory standards and policies; and optimize relations with regulators by addressing any issues., The physical demands/work environment described above are representative of those that must be met by an employee to successfully perform the essential duties of the job. Reasonable accommodations may be made to enable individuals with disabilities to perform essential duties.
• Physical Demands/Work Environment: Very good working conditions. Little or no physical demands. Minimal handling of light materials.The physical demands/work environment described above are representative of those that must be met by an employee to successfully perform the essential duties of the job. Reasonable accommodations may be made to enable individuals with disabilities to perform essential duties.
• Adheres to HNAH’s Statement of Business Principles and Code of Ethics.
Observation of Internal Controls
• 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 of FIM, HNAH’s BSA/AML Policy, other Group policies and all related policies and procedures
Qualifications
• Minimum of seven to 10 years proven and progressive financial services audit, operations and/or compliance management experience or equivalent.
• Bachelor’s degree in business, finance, related field or equivalent experience;
• Master’s degree preferred.
• Good managerial, interpersonal, communications, analytical, organizational, project management and planning skills.
• Knowledge of assigned businesses, products, operations, systems and organization and understanding of all significant regulatory compliance requirements applicable to the business.
• Proficiency with personal computers and pertinent mainframe systems and software packages.
• Depending on the role, required professional certification may include: CAMS, CANNON Trust, CISA, CRCM, CCRP, CIA, CFSA, CPA, etc.
EEO/AA/Minorities/Women/Disability/Veterans