Senior Manager, Digital Assets and Currencies (DAC) Risk

HSBC; Greater London; Hybrid; GBP 125,000 - 150,000; Full time

Job summary

A leading global bank is seeking a Senior Manager for Digital Assets and Currencies in London. The role involves managing DAC risk across the organization, developing risk management frameworks, and ensuring compliance with regulations. Ideal candidates will have deep understanding of DAC, strong communication skills, and the ability to advise on complex risk issues. This position offers competitive pay, benefits, and a hybrid working model.

Benefits

Private healthcare

Enhanced maternity and adoption pay

Contributory pension scheme

Qualifications

• Thorough understanding of Digital Assets and Currencies.
• Ability to provide expert advice on risk and control issues.
• Strong written and spoken communication skills.

Responsibilities

• Monitor and assess new DAC regulations and support regulatory submissions.
• Develop HSBC's risk management framework for DAC.
• Provide technical advice globally on DAC risk.

Skills

Understanding of Digital Assets and Currencies

Knowledge of DAC regulatory landscape

Stakeholder management skills

Strong communication skills

Job description

If you’re looking for a career that will unlock new opportunities, join HSBC and experience the possibilities. Whether you want a career that could take you to the top, or simply take you in an exciting new direction, HSBC offers opportunities, support and rewards that will take you further.

Our Risk and Compliance function has a critical role to play in supporting, challenging and advising across all areas of the business through establishing policy, monitoring profiles, and identifying and managing forward-looking risk and compliance. We focus on creating an environment that encourages our people to speak up and do the right thing, as well as protecting our customers, the organisation and the integrity of the financial markets in which we operate. Already an industry-leader in many respects, we want to continue setting standards and evolving to respond to strategic changes.

The Enterprise Risk Management function is hiring for an exciting Senior Manager opportunity that will have a prime focus on Digital Assets and Currencies (DAC). The successful candidate will be responsible for ensuring DAC risk across HSBC group globally is effectively managed and embedded into the wider HSBC Risk Management Framework and adheres to the defined standards as per the appropriate frameworks, policies, procedures and regulatory requirements.

As an HSBC employee in the UK, you will have access to tailored professional development opportunities and a competitive pay and benefits package. This includes private healthcare for all UK-based employees, enhanced maternity and adoption pay and support when you return to work, and a contributory pension scheme with a generous employer contribution.

In this role you will:

• Monitor and assess new DAC regulations and support DAC regulatory submissions and engagement.
• Be responsible for key elements of the developing HSBC’s risk management framework to effectively address the use of Digital Assets and Currencies (DAC) across the Group.
• Help ensure HSBC can effectively govern, identify, measure and manage risks from the use of Digital Assets and Currencies.
• Provide technical advice and support globally to ensure stakeholders understand and are aware of the policy requirements, control environment and assessment of DAC risk globally.
• Actively monitor the internal and external environment around DAC risks and use findings to provide detailed guidance on controls required to mitigate against them.
• Work closely with 1LOD DAC leads to ensure robust governance, oversight and risk management of multiple DAC projects globally.
• Deliver tailored and specific expertise across DAC Risk enabling 1LOD to successfully deploy and operate mitigating key controls.
• Support training and capability uplift for the ERM Business & Functions teams to ensure robust understanding of DAC Risk.

To be successful in this role you should meet the following requirements:

• Thorough understanding of Digital Assets and Currencies.
• Knowledge of the relevant DAC regulatory landscape and ability to access the impact of proposed changes in regulatory rules to the bank.
• Understanding and technical expertise of DAC risk, including how this risk can be identified, assessed, monitored and controlled and mitigated where relevant.
• Ability to provide expert advice, analysis and robust challenge, on detailed risk and control issues.
• Strong written and spoken communication skills to communicate complex issues clearly and confidently.
• Effective stakeholder management skills to deal with a range of stakeholders across the business involved in DAC, with the ability to negotiate, convince, and get collective buy-in on high profile issues.

The base location for this role is London on a hybrid working basis.

You’ll achieve more when you join HSBC.

Opening up a world of opportunity

Being open to different points of view is important for our business and the communities we serve. At HSBC, we’re dedicated to creating diverse and inclusive workplaces. Our recruitment processes are accessible to everyone - no matter their gender, ethnicity, disability, religion, sexual orientation, or age.

We take pride in being a Disability Confident Leader and will offer an interview to people with disabilities, long term conditions or neurodivergent candidates who meet the minimum criteria for the role.

If you’d like to apply for one of our roles and need adjustments made, please get in touch with our Recruitment Helpdesk:

Email: [e-mail]