Job Description

Job description

Business: Compliance advisory and stewardship centers of excellence

Open positions: 01

Global Carrier Band: GCB 7

Role Title: Assistant Manager

Location (Country / City): Bangalore, India

Recruiter Name: Akshay Kumar

Why Join US?

Compliance advisory and stewardship centres of excellence supports the Central Compliance & Advisory Services on a Global level, providing important information to compliance advisors and ensuring the information held is current and of high standard. Within Compliance advisory and stewardship centres of excellence, Regulatory Affairs & Policy Information Delivery is one of the processes established to monitor and capture material regulatory developments that impact HSBC Businesses. The purpose of RAPid is to standardize the current, manual regulatory development tracking process globally, creating a one-stop repository of information for all material regulatory developments. RAPid will support the wider purpose of the Compliance Advisory function of working with the Global businesses and Global Functions to help them identify and manage their Regulatory risk.

The Opportunity:

The incumbent will report to Manager Operations and will interact with the Onshore RAPid Team on a regular basis to ensure successful attainment of the objectives including enhancing the efficiency of the process.

What you\'ll do?

What you\xe2\x80\x99ll do

Principal Accountabilities: Key activities and decision making areas

Impact on the Business/Function

• Review and assign Regulatory Developments alerts to the respective regional reviewers
• Creation of \xe2\x80\x98Regulatory Development\xe2\x80\x99 records from alerts, and the assignment of actions and sub- actions, which will serve as a workflow management solution
• Being responsible for enhancement and documentation of the process
• Preparation of high level summary of the ongoing regulatory developments and share it with the business on a periodic basis
• Prepare and share daily, weekly, monthly Management Reports
• Assist in UAT and provide feedback to the IT / business
• Process SME is required to perform periodic Quality check on open/completed/assigned alerts and share the report with the business in the absence of managers.

Typical Targets and measures

• Timely & Accurate action of the alerts
• Timely & Accurate execution/delivery of reports
• Ensure relevance of data and regular review
• Ensuring delivery of ad-hoc reports and requests from stakeholders if any
• Ensure compliance to the Governance Framework and Group standards and policies
• Timely and accurate quality checks by the process SME in the absence of manager

Customers / Stakeholders

• Help identify and share best practice in a Compliance space
• Cultivate a positive and collaborative working environment with the Compliance function
• Build and maintain close working relationship with partners in Regulatory Compliance or elsewhere and should be able to work and co-ordinate with remote sites
• Communicate effectively to different audiences, including both Regulatory Compliance and any other internal customers
• Develop and maintain a current knowledge of internal and external Data Governance initiatives and best practices. Develop general awareness of Compliance Regulatory changes affecting the function
• Pro-actively assist management in identifying and containing compliance risk, monitoring, reporting and fostering a positive Compliance culture function

Typical Targets and measures

• Feedback from internal and external stakeholders
• Regular contact with key stakeholders, providing reports within agreed timescales. Track issues through to conclusion
• Provision of reports to management on significant issues in a concise and timely manner, where applicable
• Close working relationship maintained with the Compliance function, Regulatory Compliance and any other internal customers

Leadership & Teamwork

• Ability to act proactively and multitask
• Desire to pass on skills for the good of the team and learn from the other team members
• Self - motivated, enthusiastic and proven learning capability
• Actively participate in team meetings and bring solutions/suggestions/recommendations to the table
• Ability to work unsupervised and efficiently on priority

Typical Targets and measures

• Be able to integrate into an existing close team
• Effective contribution in team meetings and business calls
• Be open to feedback and highlight areas of improvement

Operational Effectiveness & Control

• Maintain HSBC internal control standards, continually assessing operational risks inherent in the processes, taking account of changing operating procedures, staff movements, legal and regulatory requirements, management restructures, and the impact of new technology.
• Ensure understanding of Group FIMs, Group Audit / Internal Control Review / Compliance reports; foster a compliance culture
• Actively contributes to RCA process and in both anticipating and mitigating potential risks
• Be aware of the Operational risk and act in a manner that takes account of operational risk considerations.

Typical Targets and measures

• Clear evidence that the team understands the respective operational controls and standards to contain compliance risk.
• Any significant compliance issues reported appropriately and in a timely manner.
• Identify process improvements. Discuss these with the Business Partner for implementation.
• Identify best practices across various geographies and effectively disseminate these to others.
• Proactively alert the Line Manager of highest perceived risks as they arise

Requirements

What you will need to succeed in this role?

Qualifications: Minimum Graduation, preferably in Commerce (B.Com), BBA.

Essential

• Good command of both oral and written English.
• Attention to details and good analytical skills
• Strong interpersonal skills and able to build and maintain relationships.
• Utilizes own initiative to resolve issues. Ability to support decisions with sound reasoning.
• Fast learner - Able to understand new regulations, systems, business concepts etc.
• Excellent time management and prioritization of tasks.
• Flexibility to work in different shifts.
• Knowledge of Regulatory Compliance, Tax Compliance, Legal Risk Steward is necessary.
• This is an Individual Contributor role
• Maintain good relationship with stakeholders
• Open to ideas and balanced decision making

Highly Desirable

• Understanding of the different Business Lines of Financial institutions.
• Knowledge of Financial Markets.

Advantageous

• Specific knowledge of Regulatory affairs/Compliance and Risk management framework
• Experience in a role involving understanding systems and suggesting enhancements.
• Good Knowledge of MS Office.

Link to Candidate User Guide:

(Or)

Go to the below link and type \xe2\x80\x9cIND GSC : IJP Applicant User Guide\xe2\x80\x9d in search bar.

You\xe2\x80\x99ll achieve more at HSBC

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.\xe2\x80\x9d

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