VP Risk and Compliance Assurance

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Compliance Assurance Generalist roles act as an independent Second Line of Defense (2LOD) function that undertakes risk-based monitoring and testing of processes and outcomes of First Line of Defense (1LOD) Compliance activities to provide assurance that the business is operating in line with relevant laws, regulations, principles, and HSBC Group standards and policies and to ensure that HSBC maintains effective compliance controls. They also perform deep-dive and thematic reviews on issues, opportunities and / or strategic change.

As our VP Risk and Compliance Assurance you will :

• Utilize SME knowledge in the compliance risk environment to support the business by identifying potential compliance issues stemming from the Bank’s business activities.
• Support the design and maintenance of the monitoring methodology, standards, processes and procedures (and training thereof) for the Global RC Monitoring and Testing function and overseeing the use of effective tools and technology.
• Provide risk response capability to address emerging and ad hoc high risk events, global thematic risk priorities and supporting regional teams by helping complete M&T work, in order to meet internal and regulatory expectations.
• Work closely with dedicated automation and analytics specialists within the function, to help develop forensic testing and analyze large data sets within assurance reviews.
• Carry out thorough preparation and high-quality reviews of First Line of Defense (1LoD) controls.
• Foster a close working relationship with key stakeholders, including the Compliance teams, Monitoring Teams, COOs and other senior management in the business, including keeping abreast of key business, regulatory and industry developments and any changes to procedures and practices.
• Contribute to the overall maintenance of compliance risk assessments through review work, drawing on the experience and knowledge of the RC team and with the active participation of senior managers in the Business.
• Contribute to the preparation of monitoring plans and reviews for applicable business lines in sites.
• Contribute to the preparation of consolidated MI on the results of monitoring for senior managers in the Business.
• Contribute to the provision of education and support to monitoring specialists in risk assessments, planning and conducting reviews.

For this role, HSBC targets a pay range between $150,000.00 and $200,000.00.

The final fixed pay offer will depend on the candidate and a number of variables, including but not limited to, role responsibilities, skill set, depth of experience and education, licensing / certification requirements, internal relativity, and specific work location.

At HSBC, our overall goal is to provide a competitive Total Reward Package, with an appropriate mix of fixed pay, and variable pay, as part of an employee’s overall total compensation and benefits. Variable pay generally takes the form of discretionary, annual awards (sometimes referred to as a “bonus”). Additionally, HSBC offers a wide range of competitive and flexible benefits designed to help you improve your health and well-being, finances, and lifestyle.

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Salary : $150,000 - $200,000