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\xe2\x80\x99re 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."

Why join us?

The Group requires independent second line assurance of the management of material risks and controls across HSBC\xe2\x80\x99s non-financial and financial risk taxonomies. The Risk and Compliance Assurance Services (RCAS) function provides a significant proportion of this assurance. Via its industry-leading centres of excellence, RCAS delivers innovative assurance solutions for and on behalf of HSBC\xe2\x80\x99s Risk Stewards and peer assurance teams. Controls Assurance (CA) reports into RCAS, and is responsible for managing the assurance of key controls of critical business processes and specified non-financial and financial risks across the Group. This is achieved by building out a centralised offshore capability that will deliver agile, insightful and cost-efficient assurance. CA also provide a resource augmentation service to other assurance teams within the Bank, becoming a vehicle to effectively manage assurance costs and resources as a whole. Also, CA work hand-in-hand with the RCAS Automation and Analytics team to develop, test and deploy their Continuous Assurance objectives. Specifically, CA has a mandate to provide the following key assurance services across the Financial Crime, Regulatory Compliance, Resilience Risk, Models, Credit and Market Risk taxonomies within all HSBC territories and divisions:

• Process-led assurance \xe2\x80\x93 assuring the design, operation, recording and monitoring of key controls and expected risk management outcomes within agreed critical business services across the Group
• Risk-based cyclical assurance \xe2\x80\x93 assuring the above for specific risk taxonomies within agreed risk-based assurance cycles
• Entity Control assurance \xe2\x80\x93 assuring the design, operation, recording and monitoring of key controls designated by entity-level reporting frameworks across the Group (e.g. SOX, ELCs)
• Resource augmentation \xe2\x80\x93 Temporary providing staff to non-RCAS assurance teams to support their assurance

CA is principally comprised of Control Testing Utilities (CTUs) executing this assurance work. These CTUs are principally based in Global Service Centres within India, China and Poland, and are staffed with assurance specialists with expertise across the range of risks being covered.
This role will report into the VP/AVP, Controls Assurance, RCAS GSC Malaysia and will be responsible for delivering assessments of key control activities, in accordance with CA procedures and the assessment plan.

What you\xe2\x80\x99ll do:

The role holder will be required to support the VP, CA GSC Malaysia in leading a team to assess the effectiveness of assigned controls relating to Financial Crime, Regulatory Compliance, Operational and Resilience Risk (ORR), Model Risk, Credit Risk, Traded Risk and other risk types in identifying and raising issues where control gaps lead to material unaddressed risks.
At a high level, the role holder will be responsible for the following:
1. Map processes of assigned controls and identify the main control components within that end-to-end process.
2. Document distinct control types, covering key aspects, such as remit, main processes and handovers to other teams.
3. Evaluate assigned controls for operating effectiveness, document results and raise issues as appropriate.
4. Assist the VP/AVP in the delivery of assigned control assessments and ensure that assigned control assessments are accurate, effective, abide by CA procedures and templates, and meet quality control requirements.
5. Ensure that assigned control assessments are delivered on time, in accordance with the CA assessment plan.
6. Evaluate the root cause analysis for all material issues and remediation plans in places to ensure that they are sufficient and fit-for-purpose.
7. Perform issue closure validation to ensure risks are sustainably remediated by First Line of Defence.
8. Support the VPs/AVPs (location name) as required, including creating customised testing methodology and testing templates.
9. Effectively communicate with local stakeholders during the process of review work.

What you will need to succeed in the role:

• The role holder must be a team player and able to work well with the VP/AVP and other CTU members.
• The role holder must be detail oriented and able to filter the right information.
• The role holder is required to handle all assigned tasks, raising any issues to direct reports in a timely manner.
• The role holder will be required to complete assigned control assessments, potentially covering all business lines, functions and geographies.
• The role holder will support the AVP, VP and Head of Controls Assurance in ensuring that the CA assessment plan is executed as assigned, meeting HSBC risk management requirements and regulatory expectations, providing risk stewards, control owners and senior management with up-to-date information regarding standards of compliance with financial crime and regulatory compliance rules within the organisation.
• The role holder is responsible for ensuring that the assurance standards in the division are in accordance with the CA guidance, Group Standards Manual and Functional Instruction Manual (FIM).

Requirements

What Knowledge & Experience / Qualifications are required?

• Minimum of 2 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\xe2\x80\x99s 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.
• Strong interpersonal skills with the ability to communicate effectively and to engage with HSBC staff within the functions.
• Ability to foster relationships whilst providing adequate challenge and effecting change.
• Experience utilising assurance automation and analytics tools preferred.
• Fluent in both oral and written English.
• Proficient with Microsoft Office.

HSBC