Assistant Vice President 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 VicePresident 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 centres 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 centralised 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 report into the VP of Controls Assurance, RCAS (GSC Country location name) and will be responsible for delivering assessments of key control activities of RCR areas, in accordance with CA procedures and the assessment plan.

The role holder will be required to support the VP, CA (GSC CTU Location Name) in leading or working with a team to assess the effectiveness of assigned controls relating to the RCR 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:

·         Customise and localise standard test scripts and then evaluate assigned controls for design and operating effectiveness, raise issues as appropriate.

·         Ensure that assigned control assessments are accurate, effective, abide by RCAS & 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.

·         Supervise the delivery of assigned control assessments using experience and knowledge to intervene and redirect testing as required, resolving, or redirecting escalations as required.

·         Manage control owners and other stakeholders, ensuring the success of each assigned reviews, minimising contention where possible and requesting support, where deemed necessary.

·         Manage the documentation of distinct control types, covering key aspects, such as remit, main processes, and handovers to other teams.

·         Ensure that issue owners complete sufficient root cause analysis for all material issues and have appropriate remediation plans in place.

·         Develop and motivate the CA Managers through coaching and on-the-job training, ensuring the successful delivery of assigned control assessments.

·         Support the VPs of the CA (location name) in fulfilling their CA responsibilities as required, including resource augmentation, planning forthcoming reviews, drafting issues, contributing to the development of procedures and templates.  

·         Minimum of 3 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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