VP Disclosures Assurance, RCAS CA GSC's

Job description

Job description

Business: Risk and Compliance Assurance Services

Open positions: 1

Role Title: VP, Disclosures Assurance, RCAS CA GSC's

Global Career Band: 4

Location: Bangalore,Gurgaon,Hyderabad,Kolkata

Why join us?

·  Via its industry-leading centres of excellence, RCAS delivers innovative assurance solutions for and on behalf of HSBC’s Risk Stewards and peer assurance teams. RCAS vision is to be a best in class assurance provider, by providing insight on key risks that enables the safe and sustainable growth of HSBC’s business and supports its social, corporate and regulatory responsibilities. RCAS believe this is best achieved through a diverse team and inclusive, high-performance and supportive working culture.
·  Controls Assurance (CA) reports into RCAS, and is responsible for managing the assurance of key controls of critical business processes and specified non-financial and financial risks across the Group. This is achieved by building out a centralised offshore capability that will deliver agile, insightful and cost-efficient assurance. CA also provide a resource augmentation service to other assurance teams within the Bank, becoming a vehicle to effectively manage assurance costs and resources as a whole. Also, CA work hand-in-hand with the RCAS Automation and Analytics team to develop, test and deploy their Continuous Assurance objectives.
·  CA is principally comprised of teams within Global Service Centres (GSCs) within India, China and Poland that deliver this assurance work, and are staffed with assurance specialists with expertise across the range of risks being covered.
·  HSBC submits over 42k Regulatory Reports and Notifications globally, across a number of regulators. These reports vary in complexity, frequency, financial and reputational impact, and extent of external supervision. Magnus is the Programme mobilised to address the control environment and define the future operating model surrounding the process producing the Regulatory Reports and Notifications globally.
·  RCAS, via its CA sub-function, is also being tasked with providing a significant degree of group-wide assurance over the controls supporting, or referenced within, material external disclosures.
·  The Disclosures Assurance team will be responsible for delivering the controls supporting material regulatory reporting obligations assurance and over time expanding to ELCs and SOX controls coverage.
·  This team will report into CA, but be separate and distinct from other CA teams testing controls relating to material financial and non-financial risks and critical business processes. This will allow for dedicated, specialised assurance in these respective fields.
·  At the initial stage, the role holder will provide support in refining the assurance methodology and reporting output in respect of Disclosures Assurance, working with RCAS Professional Practices, relevant Risk Stewards, Magnus Programme and other key impacted stakeholders.
·  At a high level, following development of the Disclosures Assurance team, the role holder will be required to support Disclosures Assurance team in:
·  Planning of comprehensive, robust and commercially considerate testing plans, and agreeing this with the relevant Risk Stewards, peer assurance teams and framework teams.
·  Mapping processes of assigned controls and identify the main control components within that end-to-end process.
·  Documenting distinct control types, covering key aspects, such as remit, main processes and handovers to other teams.
·  Evaluate assigned controls or processes for operating effectiveness, document results and raise issues as appropriate.
·  Executing the plan, ensuring that testing is accurate, effective and abides by CA procedures and templates, and meets quality control requirements.
·  Driving a high performance and supportive culture in the teams, energising staff by creating opportunities and developing capabilities, promoting the highest standards and celebrating success, supporting employee well-being, and collaborating to innovate.
·  Managing GSC stakeholders and collaborating with other Risk and Compliance functions, in the regions and/or at a global level, to ensure the effective delivery of the assurance.
·  Driving cross-team initiatives, including feeding into people initiatives, procedures, templates, MI and training requirements, to continuously improve the operating effectiveness of the division globally.

What you’ll do:

Principal Accountabilities: 

Key activities and decision making areas

Impact on the Business

·  Support implementation of the assessment plan and development of a global Disclosures Assurance 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.
·  Aid in confirming and verifying the composition of HSBC’s control landscape.
·  Support 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 defence.
·  Developing and applying risk-based judgment and decision making when identifying, documenting and agreeing issues and root causes stemming from these tests.

Typical Targets and Measures

·  Design, execution and delivery of the assessment plan.
·  Drive a consistent, timely and highly risk-focused approach to CA testing activities across all assigned control activities, in accordance with CA procedures.
·  Deliver accurate, timely and reliable testing.
·  Meeting agreed regulatory and CA deadlines and targets.
·  Increased utilisation of automation and analytics across all CA assessments.
·  Support the production of high quality management information (MI) covering CA activities.

Customers / Stakeholders

·  Build strong relationships with reviewees, and work collaboratively with other assurance team members, to adopt a joined-up, commercial and transparent approach to controls assurance, while remaining independent.
·  Ensure that executive and senior management in the businesses and functions are advised of actionable insights and trends stemming from assurance reviews

Typical Targets and Measures

·  Customer/ Stakeholder Feedback on work performed and collaboration activities.
·  Outputs (presentation decks, papers, reports and guidance for the function) are actionable, clear, accurate and concise.
·  Tracking, reporting, and escalation processes in place. Measured by the escalation of material CA issues as appropriate.

Leadership & Teamwork

·  Proactively seek timely and clear guidance and support from other CA staff when needed, on a review-by-review basis.
·  Work as part of a team, able to collaborate to accomplish collective and common goals.
·  Support CA’s high performance and continuous improvement culture through proactive engagement, collaboration and innovation.
·  Set the highest standards through personal behaviour, and inclusive and respectful interaction with others.
·  Take accountability for personal and career development.

Typical Targets and Measures

·  Drive a high performance culture through attendance at team meetings and 1:1s with line manager.
·  Maintain personal objectives set consistently across day-to-day activities.
·  Purposeful interactions with teams, sharing best practices and highlighting issues across the Risk and Compliance functions, 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.
·  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.
·  Be innovative in executing all responsibilities and providing solutions to complex issues in a dynamic, high-risk environment.

Typical Targets and Measures

·  CA assesses the effectiveness of controls in the 1st and 2nd line of defence in scope of the Disclosures Assurance team coverage.
·  Delivery of assurance activities as per the agreed plan and review notifications.
·  No high risk issues from Internal Audit reviews relating to work of CA.
·  Observation of line manager and feedback from key stakeholders.
·  Through insightful MI and proactive stakeholder engagement, assisting executive CA management in ensuring the function operates effectively and efficiently.

Major Challenges

·  To take the complexity of the regulation and the diversity of business and geographies within the Group as a whole, and achieve a balance between the demands of the regulators, external bodies and governmental initiatives and the Group’s shareholders and customers.
·  To cultivate 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.
·  Driving an innovative and forward-thinking approach to assurance in what is (in the case of dedicated Regulatory Reporting Assurance) a new area, in order to deliver further assurance insight at greater scale and speed in a more sustainable, cost-efficient and effective way.

Role Context

·  The role holder will be a genuine team player, supporting Disclosures Assurance team in ensuring that the CA assessment plan is executed as assigned, meeting HSBC risk management requirements and regulatory expectations, while providing Risk Stewards, Control Owners and senior management with timely risk management insight.
·  The role holder will be required to work with reasonable autonomy, while proportionately drawing on support where needed, dealing with issues for which there is no obvious solution while still being able to provide judgment and clear direction.
·  The job holder is expected to support interaction with internal stakeholders at all levels in the GSCs, on-shore regions/countries or even at group level.
·  The role holder is responsible for ensuring that the assurance standards in the division are in accordance with the CA guidance, Group Standards Manual and Functional Instruction Manual (FIM).

Management of Risk

·  Be acutely aware of the bank’s operational risk, primarily through identification and management of financial and non-financial risks associated with the business. 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.
·  Operate in accordance with HSBC and/or regulatory standards and policies; and optimise relations with regulators by addressing any issues.
·  The role holder is also expected to adhere to the CA Operating Model and testing standards are in accordance with the Group Standards Manual and FIM.
·  The role holder addresses any areas of concern in conjunction with line management and/or the appropriate department.

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.
·  To assist in the discharge of accountabilities set out in the Risk and Compliance FIMs by proactively assisting relevant executives in identifying and mitigating risks, and fostering a compliance culture and optimising relations with regulators.

Requirements

What you will need to succeed in the role:

Knowledge & Experience / Qualifications

·  Minimum of 2 years proven experience in financial services compliance, testing, audit and/or legal management experience or equivalent.
·  Understanding of banking financial and non-financial risks, including credit risk, and the aptitude to learn about new and emerging risk types.
·  An innovative and forward-thinking mindset, and a proven ability to question, evaluate, and improve existing business processes and adequacy of information.
·  Experience working with a global team and creating and working to global standards of quality.
·  Proven organisational, planning, interpersonal, managerial, analytical, problem-solving, decision-making, and team building skills.
·  Ability to manage conflicting priorities effectively and proven ability to meet challenging deadlines.
·  Ability to exercise discretion, work independently within broad guidelines, tactfully handle sensitive and confidential data and complete assignments timely.
·  Project and/or change management skills is advantageous.
·  Experience utilising assurance automation and analytics tools, and data manipulation, is advantageous.
·  Minimum Bachelor’s degree in related field such as business, finance, law, IT or equivalent experience; Master’s degree preferred.
·  Fluent in both oral and written English.
·  Proficient with Microsoft Office.

You’ll achieve more at HSBC

HSBC is an equal opportunity employer committed to building a culture where all employees are valued, respected and opinions count. We take pride in providing a workplace that fosters continuous professional development, flexible working and, opportunities to grow within an inclusive and diverse environment. We encourage applications from all suitably qualified persons irrespective of, but not limited to, their gender or genetic information, sexual orientation, ethnicity, religion, social status, medical care leave requirements, political affiliation, people with disabilities, color, national origin, veteran status, etc., We consider all applications based on merit and suitability to the role.”

 

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