Role Title: Business Analyst
The Compliance function is a Second line of defence (LOD) function, responsible for reviewing and challenging the activities of the Group’s businesses (also referred to as “the First LOD”) to ensure that they effectively manage as “Risk Owners” the Regulatory and Financial Crime Compliance risks inherent in or arising from the conduct of their activities and for which they are responsible. The Second LOD consists of 'Risk Stewards' who are independent of the commercial risk-taking activities undertaken by the First LOD. The Compliance function is a Risk Steward for a number of non-financial risks in accordance with HSBC Group’s risk framework.
The COO office plays a role in enabling the efficient and effective running of Compliance by serving as trusted partners to the Chief Compliance Officers and other Group Capabilities.
The Product Management team ensures that essential systems and data are available to enable Compliance to conduct effective and efficient investigations and analytics. The team is proactive and future-looking, shaping financial crime technology and promoting its adoption across Compliance.
The role holder will be responsible for the identification, analysis and implementation of requirements for new capabilities used by Compliance to assess and analyse financial crime and reputational risk for all of the Bank’s clients. This will require close and productive working relationships with the IT development team and analysts, and skilled relationship management with both internal system owners and external data vendors.