Job Description
Senior Compliance Manager
London/Hybrid
12-month contract
Competitive rate of pay
If you’re looking for a career that will help you stand out, join HSBC Innovation Bank (HINV), and fulfil your potential. Whether you want a career that could take you to the top, or simply take you in an exciting new direction, HINV offers opportunities, support and rewards that will take you further. We are currently seeking an experienced individual to join this team in the role Senior Compliance Manager.
We’re looking for an individual who is experienced in a broad compliance advisory role, including the management of regulatory change and engagement with regulators, at the level of business partner, who is proactive and enjoys getting into the detail of regulation with enthusiasm and common sense. You will be pragmatic, positive, energetic, with a collaborative mindset and experience of dynamic business banking and regulatory environment.
The individual will become an integral part of a strong team who works well together across the entire scope of regulatory compliance subject matter (for clarity - excluding financial crime, and privacy)
The Role
This is a generalist compliance role providing advisory support, oversight and challenge to the front, middle and back-office teams in a broad range of compliance areas and regulatory compliance-related skills:
• a thorough understanding on how regulations (including Payment Services Regulations, BCOBS, Depositor Protection, SMCR, CRDVI, MIFID, and COBS) are interpreted and be able to upskill to a subject matter expert level expeditiously.
• Implementing and embedding risk management frameworks and regulatory compliance risk 2 LOD stewardship.
• Developing relationships across the business and the wider HSBC Group to share relevant information, support the business and senior management in understanding their regulatory responsibilities, highlighting opportunities, drafting, and presenting analysis at relevant governance forums.
• Provide written and verbal briefings to stakeholders across the business, and on occasion the Group. This can be up to and including ExCo and Board level. This will involve utilising their expert knowledge of regulation and regulatory developments and applying this in the context of their stakeholders responsibilities and priorities.
• Summarising complex information into a clear and concise communication. Analysing regulatory developments, identifying, and engaging with the relevant stakeholders to support the business with implementation.
• Provide second line of defence challenge, advice and oversight across the range of products the bank offers.
• Provide SME advice on adequacy and effectiveness of controls required to mitigate regulatory compliance risk.
• Develop training for 1LoD and 2LoD colleagues.
• Review policies and procedures to ensure that appropriate controls and activities are fully documented.
• Contribute to the continuing development of the team’s processes, including internal reporting.
• Managing the regulatory developments lifecycle with confidence and autonomy.
• Engaging with stakeholders across the business to ensure a comprehensive record of regulatory obligations exists, which are tracked and escalated as required.
• Utilising regulatory technology to manage regulatory developments lifecycle.
• Submitting regulatory returns and management of the reporting schedule for the UK business.
• Attending meetings with the regulators and taking meeting minutes.
• Participation in all-bank projects, representing Regulatory Compliance, at HSBC Innovation Bank and the wider HSBC Group will be a material part of this role.
• Working together as the Regulatory Compliance team, to stay informed of internal and external risks and opportunities, approaches, policies, and procedures.
Your Skills and Experience
• Excellent proven relationship building and management across the full range of seniority levels, external and regulatory.
• Strong judgement and critical thinking. Proactive and constructive approach to advice and oversight leading to strong business partnerships.
• Experience in dealing with confidential and sensitive matters, the ability to communicate clearly and with understanding of senior management priorities and the required sense of pace. They will exercise good judgement in the execution of their role while putting the needs of the firm first and in line with our regulatory obligations.
• Excellent verbal, written and interpersonal skills, strong attention to detail.
• Ability to work well under pressure, work independently and challenge effectively at every level of seniority.
• Enthusiastic approach to work; proactive approach is required, with ability to propose or make material decisions.
• Ability to synthesize complex information effectively.
• Open to challenges associated with implementing a robust risk management framework that is fully reflective of the roles and responsibilities across the three lines of defence.
• A solution-oriented growth mindset with a passion for learning and improving.
• Proven ability to manage own time, others’ time and prioritise effectively.
• Strong subject matter expertise, proven experience working in Compliance in banking/financial services; commercial banking experience would be a plus.
• Experience in advising senior management, engaging with internal and external audit, and intra-group.
• Hands-on experience in supporting regulatory and other change projects.
• Experience in managing regulatory engagement.
• Strong ethics and values, judgement and critical thinking.
* The salary benchmark is based on the target salaries of market leaders in their relevant sectors. It is intended to serve as a guide to help Premium Members assess open positions and to help in salary negotiations. The salary benchmark is not provided directly by the company, which could be significantly higher or lower.