Vice President Compliance Risk Steward Regulatory Reporting
Apply NowCompany: HSBC
Location: New York, NY 10025
Description:
Our purpose - Opening up a world of opportunity - explains why we exist. Here at HSBC we use our unique expertise, capabilities, breadth and perspectives to open up new kinds of opportunity for our more than 40 million customers. We're bringing together the people, ideas and capital that nurture progress and growth, helping to create a better world - for our customers, our people, our investors, our communities and the planet we all share.
As Risk Stewards, Regulatory Compliance (RC) Advisors provide advice, guidance, opinions, direction, and training related to the regulatory landscape to the First Line of Defence/business. They support the business in complying with the letter and spirit of relevant regulations, thereby delivering fair outcomes for customers and embedding a robust risk management culture in HSBC's business processes.
The remit may range from a small geographic area/country to global for a Function or Global Business Line.
A key risk management role that has a broad remit and responsibilities, which include but are not limited to:
As our Vice President Compliance Risk Steward Regulatory Reporting you will:
For this role, HSBC targets a pay range between $138,400 and $207,600. 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.
Requirements
You'll likely have the following qualifications to succeed in this role:
In compliance with applicable laws, HSBC is committed to employing only those who are authorized to work in the U.S. Applicants must be legally authorized to work in the U.S. as HSBC will not engage in immigration sponsorship for this position.
As an HSBC employee, you will have access to tailored professional development opportunities to ensure you have the right skills for today and tomorrow. We offer a competitive pay and benefits package including a robust Wellness Hub, all in a welcoming, diverse and inclusive work environment. You will be empowered to drive HSBC's engagement with the communities we serve through an industry-leading volunteerism policy, a generous matching gift program, and a comprehensive program of immersive Sustainability and Climate Change Initiatives. You'll want to join our Employee Resource Groups as they play a central part in life at HSBC, including the development of our employees and networking inside and outside of HSBC. We value difference. We succeed together. We take responsibility. We get it done. And we want you to help us build the bank of the future!
All qualified applicants will receive consideration for employment without regard to age, ancestry, color, race, national origin, ethnicity, disability or medical condition, genetic information, military or veteran service, religion, creed, sex, gender, pregnancy, childbirth, caregiver status, marital status, citizenship or immigration status, sexual orientation, gender identity or expression or any other trait protected by applicable law.
As Risk Stewards, Regulatory Compliance (RC) Advisors provide advice, guidance, opinions, direction, and training related to the regulatory landscape to the First Line of Defence/business. They support the business in complying with the letter and spirit of relevant regulations, thereby delivering fair outcomes for customers and embedding a robust risk management culture in HSBC's business processes.
The remit may range from a small geographic area/country to global for a Function or Global Business Line.
A key risk management role that has a broad remit and responsibilities, which include but are not limited to:
As our Vice President Compliance Risk Steward Regulatory Reporting you will:
- Foster a positive culture of compliance by working proactively with the Lines of Business and to ensure compliance with regulatory and HSBC policy requirements across the enterprise
- Serve as regulatory coordinators and providing regulatory compliance support on Regulatory Reporting activities and projects - including but not limited to completeness and accuracy of regulatory filings for the broker dealer, FCM and Swap Dealer; assessment of internal controls designed to confirm timely and proper filings with regulatory entities
- Serve as RC advisory point of accountability for all regulatory reporting filings under Regulatory Compliance ownership and/or stewardship while maintaining close communication with applicable GB/GF supporting these areas. The role will oversee embedding of RC risk stewardship enhancments in line with internal and external expectations and principles defined under the HSBC Integrity in Regulatory Report (IRR) program
- Provide pro-active support and technical expertise to the regional risk stewards and GB/GFs for RC Regulatory Reporting risk and control application, for example, provide guidance on control ownership and applicability for RC reports. In general, the regulatory filings include the SEC 15c3-3 Reserve and Proprietary Account of Broker Computations, FOCUS reports, and the three CFTC Daily Customer Segregation Computations
- Lead and engage IRR teams in the design and implementation of the Regulatory Reporting risk taxonomy and control library including the uplifting of controls per IRR standards
- Assist in the coordination of compliance assurance reviews covering regulatory reporting responsibilities for Regulatory Compliance
- Provide input to Group wide activities and actively support the delivery of key change requirements, for example,support the development of high-level Phase 2 Implementation Plans for IRR
For this role, HSBC targets a pay range between $138,400 and $207,600. 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.
Requirements
You'll likely have the following qualifications to succeed in this role:
- Strong background in compliance in financial services, specific to the US Broker Dealer ("Broker-Dealer") and/or Futures Commission Merchant ("FCM")
- Knowledge of Risk Management frameworks, with a focus on Non-Financial Risk Management, specifically related to Regulatory Reporting for the Broker Dealer and/or FCM
- Knowledge of the SEC Customer Reserve Formula, Proprietary Account of Brokers Computations, FOCUS reports, and/or CFTC Segregation Computations, a plus
- Knowledge of Broker-Dealer and FCM Management Program Advisory experience
- Strong critical thinking, organizational skills, technical knowledge and the ability to demonstrate professional skepticism to manage timely deadline deliveries
- Maintain excellent verbal / written communication and influencing skills
- Consistently and eagerly work on enhancing and upgrading his/her skills leveraging internal and external sourcesWork well in a team environment, have strong work ethic, and maintain a positive attitude
- Proficient in Microsoft Office applications
- Bachelor's degree or equivalent at minimum; graduate degree a plus
In compliance with applicable laws, HSBC is committed to employing only those who are authorized to work in the U.S. Applicants must be legally authorized to work in the U.S. as HSBC will not engage in immigration sponsorship for this position.
As an HSBC employee, you will have access to tailored professional development opportunities to ensure you have the right skills for today and tomorrow. We offer a competitive pay and benefits package including a robust Wellness Hub, all in a welcoming, diverse and inclusive work environment. You will be empowered to drive HSBC's engagement with the communities we serve through an industry-leading volunteerism policy, a generous matching gift program, and a comprehensive program of immersive Sustainability and Climate Change Initiatives. You'll want to join our Employee Resource Groups as they play a central part in life at HSBC, including the development of our employees and networking inside and outside of HSBC. We value difference. We succeed together. We take responsibility. We get it done. And we want you to help us build the bank of the future!
All qualified applicants will receive consideration for employment without regard to age, ancestry, color, race, national origin, ethnicity, disability or medical condition, genetic information, military or veteran service, religion, creed, sex, gender, pregnancy, childbirth, caregiver status, marital status, citizenship or immigration status, sexual orientation, gender identity or expression or any other trait protected by applicable law.