Job Description

Job description

The health and safety of our employees and candidates is very important to us. Due to the current situation related to the Novel Coronavirus (2019-nCoV), we're leveraging our digital capabilities to ensure we can continue to recruit top talent at the HSBC Group. As your application progresses, you may be asked to use one of our digital tools to help you through your recruitment journey. If so, one of our Resourcing colleagues will explain how our video-interviewing technology will be used throughout the recruitment process and will be on hand to answer any questions you might have.

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If you're looking for a career where you can make a real impression, join HSBC and discover how valued you'll be.

HSBC is one of the largest banking and financial services organizations in the world, with operations in 64 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 realize their ambitions.

We are currently seeking an experienced professional to join our team in the role of Testing Specialist - Risk and Compliance Assurance Services

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 Controls Testing (CACT) is a new division, situated within CA, 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). CACT covers all Financial Crime (FC) and Regulatory Compliance (RC) risk taxonomies (AML, Sanctions, Anti-Bribery & Corruption and Fraud) 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

Job Location: Bengaluru/ Hyderabad/ Gurgaon

The Opportunity:

CACT will deliver controls assurance in an efficient, reliable and independent manner by executing it via a Controls Testing Utility (CTU), domiciled primarily in offshore locations; and scoping, coordinating and overseeing these activities in a globally consistent manner via a Controls Testing Authority (CTA).

What you'll do (Job Responsibility)

The role will be responsible for delivering assessments of assigned controls, in accordance with Control Assurance Control Testing procedures and the Control Assurance Control Testing assessment plan.

The role holder will be required to support the location leads in assessing the effectiveness of assigned financial crime and/or Regulatory Compliance controls, identifying and raising issues where control gaps lead to material unaddressed financial crime and/or regulatory/conduct risks.

At a high level, the role holder will be responsible for the following: * Map processes of assigned controls and identify the main control components within that end-to-end process.

• Document distinct control types, covering key aspects, such as remit, main processes and handovers to other teams.
• Evaluate assigned controls for operating effectiveness, document results and raise issues as appropriate.
• Assist the VP/AVP in the delivery of assigned control assessments and ensure that assigned control assessments are accurate, effective, abide by Control Assurance Control Testing procedures and templates, and meet quality control requirements.
• Ensure that assigned control assessments are delivered on time, in accordance with the Control Assurance Control Testing assessment plan.
• Evaluate the root cause analysis for all material issues and remediation plans in places to ensure that they are sufficient and fit-for-purpose.
• Effectively communicate with local stakeholders during the process of review work
• Perform issue closure validation to ensure risks are sustainably remediated by First Line of Defence

Requirements

• Any Graduate or Post Graduate
• Minimum of 4+ years proven experience in financial services compliance, testing, audit and/or legal management experience or equivalent.
• Working knowledge of financial crime and/or regulatory compliance and/or the aptitude to develop this understanding in good time, and knowledge of relevant regional laws, regulations and the overall regulatory environment preferred
• Minimum Bachelor's degree in related field such as business, finance, law or equivalent experience.
• Proven ability to multi-task and working independently under pressure to tight deadlines in a challenging and fluid environment.
• Experience of process mapping and delivering professional reports and presentations gained within a financial services organisation or audit/consulting practice.
• Awareness of good risk management and governance frameworks including 3 lines of defence criteria
• Understanding of the activities of relevant business lines and associated compliance risks.
• Experience utilising assurance automation and analytics tools preferred

You'll 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."

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