Vice President Compliance Assurance

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HSBC is one of the largest banking and financial services organisations in the world, with operations in 62 countries and territories. We aim to be where the growth is, enabling businesses to thrive and economies to prosper, and, ultimately, helping people to fulfil their hopes and realise their ambitions.

We are currently seeking an experienced professional to join our team in the role of Vice President Compliance Assurance ’s

Principal responsibilities

• The Group’s regulators require the Compliance function to assess the adequacy of the firm’s controls, processes, procedures and resulting outcomes to manage risk. This responsibility is met by the Compliance Assurance (CA) sub-function.
• Compliance Assurance are responsible for determining the effectiveness of the Group’s financial crime and regulatory controls, independent of Control Owners (who are responsible for day-to-day monitoring). Compliance Assurance covers all Financial Crime (FC) and Regulatory Compliance (RC) across all businesses, functions and geographies of the Group. The division assesses, on an end-to-end basis where possible, the effectiveness of prioritised FC and RC controls embedded in the first line of defence and those operated by the second line on their behalf, and represents an integrated part of the function in discharging its assurance responsibilities.
• The role will be responsible for delivering assessments of assigned controls, in accordance with Group-wide Assurance procedures and the Compliance Assurance assessment plan.
• The role holder will be required to support the onshore Compliance Assurance management team in leading a team to assess the effectiveness of assigned financial crime controls, identifying and raising issues where gaps lead to material unaddressed compliance risks.
• At a high level, the role holder will be responsible for the following:
• Lead an assessment team of Assistant Vice Presidents (AVPs) (where applicable), as they review risks and controls, raising issues as appropriate.
• Ensure that assigned risk and control assessments are accurate, effective, abide by Compliance Assurance procedures and templates, and meet quality control requirements.
• Supervise the delivery of assigned risk and control assessments, using experience and knowledge to intervene and redirect testing as required, resolving or redirecting escalations as required.
• Ensure that assigned risk and control assessments are delivered on time, in accordance with the Compliance Assurance assessment plan.
• Manage control owners and other stakeholders, ensuring the success of individual reviews, minimising contention where possible and requesting support where deemed necessary.