Analyst Risk And Compliance Assurance Services – Controls Assurance

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We are currently seeking an experienced professional to join our team in the role of

Assistant Vice President Risk and Compliance Assurance Services – Controls Assurance

Role purpose:

The Group’s Risk Management Framework (RMF) requires independent Second Line Assurance of the management of material risks and controls across HSBC’s non-financial and financial risk taxonomies. The Risk and Compliance Assurance Services (RCAS) function provides a significant proportion of this assurance.

Via its industry-leading centers of excellence, RCAS delivers innovative assurance solutions for and on behalf of HSBC’s Risk Stewards and peer assurance teams. 

Controls Assurance (CA) reports into RCAS and is responsible for assuring the risk management of critical business processes and specified non-financial and financial risks across the Group, principally by testing mitigating controls. This is achieved by building out a centralized offshore capability that will deliver agile, insightful, and cost-efficient assurance. CA also provides a resource augmentation service to other assurance teams within the Bank, becoming a vehicle to effectively manage assurance costs and resources. Also, CA works together with the RCAS Automation and Analytics team to develop, test and deploy their Continuous Assurance objectives.

Main activities: 

This role will be responsible for delivering assessments of key control activities of Wholesale Credit Risk (WCR) areas, in accordance with CA procedures and the assessment plan.

The role holder will be required to leading or working with a team to assess the effectiveness of assigned controls relating to the WCR in identifying and raising issues where control gaps lead to material unaddressed risks.

At a high level, the role holder will be responsible for the following:

·         Map processes of assigned controls and identify the main control components within that end-to-end process.

·         Document distinct control types, covering key aspects, such as remit, main processes, and handovers to other teams.

·         Evaluate assigned controls for operating effectiveness, document results and raise issues as appropriate.

·         Assist the Vice-president (VP)/Assistant Vice-presidents (AVP) in the delivery of assigned control assessments and ensure that assigned control assessments are accurate, effective, abide by CA procedures and templates, and meet quality control requirements.

·         Ensure that assigned control assessments are delivered on time, in accordance with the CA assessment plan.

·         Evaluate the root cause analysis for all material issues and remediation plans in places to ensure that they are sufficient and fit-for-purpose.

·         Perform issue closure validation to ensure risks are sustainably remediated by First Line of Defense.

·         Support the VPs/AVPs as required, including creating customized testing methodology and testing templates.

·         As required, on a rotating basis, support regional Compliance Assurance teams to execute their assurance obligations through remote execution of local reviews and in line with standards set by the CA team commissioning the work (staff augmentation).

·         Effectively communicate with local stakeholders during the process of review work.  

·         Minimum of 1-2 years proven experience in assurance, audit, compliance or risk management within financial services or other major industries.

·         Fluent in both oral and written English.

·         A good understanding of risk management of Credit Cards and Unsecured Personal Lending Portfolios

·         Awareness on Retail Forbearance and Distressed Restructuring

·         A good understanding of Residential Mortgages, Reverse Mortgages and Collaterals

·         An understanding of Financial Statements, Credit Reports

·         Awareness of Expected Credit Losses (ECL), Impairment and Allowances quantification and assessment concepts (Under IFRS9)

·         Awareness of risk models applied to products such as credit cards, overdraft facilities and mortgage.

·         Experienced people manager, with excellent communication skills, a polished management style, and a proven track record of leading through change.

·         Proven ability to question, evaluate, and improve existing business processes and adequacy of information.

·         Experience working with local and regional stakeholders and an understanding of global standards of quality.

·         Requires understanding of the changing regulatory landscape regarding compliance functions within the banking industry.

·         Broad knowledge of banking and a good understanding of all significant regulatory compliance requirements applicable to a CoE.

·         Experience developing assurance automation and analytics tools preferred.

¡You’ll achieve more when you join HSBC!

At HSBC we offer our colleagues a greater number of days so that they can fully enjoy their wedding, take care of the new member of the family, or grieve the loss of a family member. Our paid leave package is at the forefront in Mexico, now you have one more reason to be HSBC and proudly live a culture of well-being, balance, and care.

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.

Personal data held by the Bank relating to employment applications will be used in accordance with our Privacy Statement, which is available on our website. 

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