Regulatory Conduct Capabilities

Role Purpose

The HSBC Mexico Risk Control Oversight Office is a special unit operating under the Office of the Mexico CEO with a Board mandate to provide comprehensive assessment and monitoring of all regulatory programs across HSBC Mexico, coordination and acceleration of existing remediation or risk mitigation efforts across all Mexico global businesses and functions, and proactive identification and mitigation of forward-looking regulatory risks.

This role reports directly to the Managing Director, Head of Risk Control Oversight Office and is highly visible to HSBC Mexico Board, HSBC Mexico ExCo and HSBC Group. The job holder has substantial autonomy and authority and ensures that tough questions are raised and answered in a constructive environment focused on business success.

Key responsibilities include:

·           Risk control framework methodology and practice: Partner with the HSBC Mexico Exco to oversee remediation risk and control activities in Mexico. Advise on setting, communicating, and monitoring risk appetite in line with business requirements, including appropriate support and challenge

·           Enterprise-wide risk management: Enhance the resilience of operations, controls, and risk management for HSBC Mexico with a focus on our most important and critical business services. This will include focus on the most material processes, issues insight including cross read and applicability assessment to HSBC Mexico.

·           Risk awareness: Raise awareness and understanding of risks, controls, and risk management in alignment with the Bank’s Risk Management Framework and continuously improve the control and monitoring of risk, including behaviours.

·           Risk assurance: Conduct high quality and efficient reviews of our control performance with clear mitigation plans and accountability.

·           Controls remediation: Continually reassess operational risks and likelihood of operational risk occurring. This will be achieved by reviewing risks associated with the role and inherent in the business, or as identified by the HSBC Mexico Exco, taking account of changing economic or market conditions, legal and regulatory requirements, operating procedures and practices, management restructurings, and impact of new processes.

·           Culture and behaviour: Influencing the existing culture programme and providing guidance, advise and oversight on embedded change to influence the appropriate behaviours. This will involve working with external professionals to link with relevant teams in HSBC Mexico