Regional Senior Manager, Regulatory Compliance Advisory - RC

HSBC; United Arab Emirates; On-site; AED 120,000 - 200,000; Full time

Job summary

A leading global bank is seeking a Regional Senior Manager for Regulatory Compliance in the UAE. The role encompasses oversight of compliance across various banking services, ensuring adherence to regulatory standards while fostering a compliant business culture. Ideal candidates will possess strong leadership skills and a deep understanding of the banking sector.

Qualifications

• Strong understanding of Banking business and products.
• Proactive, collaborative approach to compliance culture.
• Ability to mentor and coach junior team members.

Responsibilities

• Manage regulatory and reputational risk covering compliance expertise.
• Provide clear, strategic guidance on compliance matters.
• Stay informed of regulatory changes and market events.

Skills

Regulatory Compliance

Risk Management

Interpersonal Skills

Collaboration

Stakeholder Engagement

Job description

Regional Senior Manager, Regulatory Compliance (RC)

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Role Purpose:

To provide proactive Compliance support and challenge on all relevant aspects of CMA (Capital Markets Advisory), Banking, HIF (HSBC Infrastructure Finance)/Sustainability, along with a strong understanding of transactional banking products such as GPS (Global Payments Solutions) and GTS (Global Trade Solutions). The role involves ensuring that the business is conducted in accordance with all applicable laws, rules, regulations, and codes of practice, with a specific focus on Regulatory Compliance. The incumbent will assist and represent the MENAT CMA, Banking, HIF/Sustainability, GPS, and GTS RC Head in discharging compliance responsibilities. The responsibilities cover the Banking business in the UAE and MENAT Region. The role includes providing advice to Business and Assurance teams on regulatory compliance matters, assisting and training the business on relevant regulations and policies. The individual must have a strong partnership approach, a solid understanding of the Banking business and products, and drive the implementation of policies and regulations to embed a conduct and compliance-led culture. Staying up-to-date on regulatory changes, industry developments, and market events is essential.

Duties & Responsibilities:

1. Manage regulatory and reputational risk by providing appropriate Regulatory Compliance coverage and expertise.
2. Proactively assist management in identifying and managing compliance risks.
3. Assist with Group/regulatory reporting and ad-hoc projects as required.
4. Ensure best practices are rolled out within HSBC offices in the Middle East region and support these offices as needed.
5. Enable sustainable business growth through compliant strategies, ensuring initiatives meet regulatory expectations and risk appetite.
6. Drive the implementation and deployment of Global Regulatory Compliance policies, local regulations, and transformation programs across MENAT.
7. Provide clear, concise, and customer-conscious advice and strategic guidance on compliance matters.
8. Support Compliance Assurance engagement and interface with business management meetings and issue assessments.
9. Oversee FIM implementation where compliance is a risk.
10. Meet local, regional, and group regulatory reporting and ad-hoc project requirements.
11. Work with Global Compliance stakeholders on extra-territorial regulations and programs.
12. Support MENAT Head of Regulatory Compliance and other senior compliance leaders to ensure compliance services meet business needs.
13. Mentor and coach junior team members, foster collaboration, and develop in-country compliance skills.
14. Maintain strong relationships with business units, regulatory bodies, and other compliance teams.
15. Advise on new products, services, and regulatory changes.
16. Monitor and report on breaches, reportable events, and regulatory filings.
17. Engage proactively in monitoring compliance risks and resolutions.
18. Collaborate with Business Risk and Control teams to ensure adequate coverage of compliance risks.
19. Stay informed of changes in business practices, products, and the regulatory landscape to address compliance implications.
20. Ensure timely escalation of issues and present practical recommendations to mitigate risks.

The role requires a persuasive personality with high integrity, excellent interpersonal skills, and a proactive, collaborative approach to fostering a compliance culture within HSBC MENAT.