CIB Regulatory Compliance, HBUS GPS AVP- Global Services

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In compliance with applicable laws, HSBC is committed to employing only those who are authorized to work in the US. Applicants must be legally authorized to work in the U.S. as HSBC will not engage in immigration sponsorship for this position.

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This position, reporting to the Head of Regulatory Compliance Banking, Products, US, plays a key role in ensuring that US Global Payments Solutions (GPS) is effective in identifying, managing and mitigating Regulatory Compliance risks and ensure timely advice is provided to the GPS business.

The Regulatory Compliance function is a Second line of Defense (LOD) function that includes Risk Stewards who are independent of the commercial risk-taking activities undertaken by the Group’s businesses (also referred to as “the First LOD”). These Risk Stewards are responsible for reviewing and challenging the activities of the First LOD to ensure that, as Risk Owners, they effectively manage the regulatory compliance risks inherent in, or arising from, the conduct of their activities and for which they are responsible.

The Regulatory Compliance function operates in accordance with HSBC Group’s Risk Management Framework (RMF).

The individual will play a key role in providing advice and challenge the GPS business based on thorough understanding of key trends, opportunities and threats impacting the Regulatory Compliance function. This role requires strong partnership with the GPS business to drive and accelerate the execution of Regulatory Compliance programs that directly impact business performance. This role will significantly contribute to the implementation of policies into the GPS business and as such it will require close collaboration with various Risk and GPS business functions.

As our Corporate and Institutional Banking (CIB) Regulatory Compliance, HBUS GPS AVP
- Global Payment Services, you will:

• Maintain an effective control framework and ensure compliance with all relevant external laws & regulations, internal codes and policies and good market practices
• Help fosters a strong risk and control and compliance culture, including ensuring adequate management focus and demonstrative “tone from the top” and proactive risk management
• Ensure all policies, procedures, principles, and dispensations are updated for changes in Regulation and impacts on business
• Resolve any/all identified issues promptly and escalate concerns to management as appropriate to ensure timely awareness of any material concerns
• Maintain and observe all HSBC control standards and implement and observe the Group Compliance Policy, including the timely implementation of recommendations made by internal/external auditors and external regulators
• Maintain awareness of operational risk within assigned portfolio and minimize the likelihood of it occurring including its identification, assessment, mitigation and control, loss identification and reporting
• Remains up to date on latest industry developments (e.g. technology, regulatory); enable teams to incorporate improvements to drive towards operational excellence
• Monitor regulatory developments impacting payments, banking as a service, digital assets, and fintech partnerships, communicate emerging risks and recommended actionable solutions

You´ll likely have the following qualifications to succeed in this role:

• Bachelor’s degree required;…