Manager, Markets & Securities Services Compliance

Last updated 40 minutes ago
Location:Greater London


Role Title: Manager, Markets & Securities Services Compliance

Business: Compliance
New or Existing Role? New
Grade: GCB4
Role Purpose
  • Form part of the Global and Regional Regulatory Compliance team that provides independent oversight and challenge of risk management practices across the Global Markets businesses, Global Functions and / or jurisdictions within the second line of defence to obtain reasonable assurance that they are operating in line with relevant laws, regulations, codes and HSBC Group Standards.

  • The Cross asset class team focus on the strategic initiatives for Markets such as the IBOR transition, Brexit or the implementation of the Security Based Swap regulation.

  • Act as the SME for Markets Regulatory Compliance to drive the global and regional approach in challenge, guidance, support and interpretation to the Global Markets businesses, Global Functions and / or jurisdictions; co-ordinate with equivalent counterparts in other compliance teams to ensure a consistent, best practice and ‘joined-up’ approach.

  • Partner with regulatory change and other regulatory SMEs to understand new and revised regulatory requirements, codes of practice etc. ensuring changes and impacts are disseminated to the appropriate businesses, functions and / or jurisdictions
Key Accountabilities

Impact on Business

  • Failure to have proper Compliance coverage and expertise could lead to regulatory risk.

    • Ensure compliance is a core focus in the areas of responsibility and embedded into the culture of the organization.

    • Ensure positive and professional working relationships with internal and external stakeholders incl Compliance function colleagues and regulators.

  • Maintain active participation and good attendance in assigned committees and working groups, provide oversight and control as it relates to compliance policies, procedures, risk management and regulatory requirements.

Customers / Stakeholders

  • Global Markets with the principal focus on the program teams including but not limited to: IBOR transition, Brexit and Security Based Swap regulation.

    • Maintain contact with key Stakeholders and Compliance Management to identify, communicate and escalate status, progress, risks and issues incl. material and significant breaches or potential breaches of regulations.

    • Assist with policy decisions and business solutions so that key stakeholders are bought into decisions that optimise effectiveness for HSBC.

    • Analyse stakeholder goals vs. regulatory requirements to effectively manage expectations and address any misalignment.

    • Conduct investigative work on specific issues, incidents or regulatory concerns as they arise as an integral element of a forward looking risk management framework.

  • Foster good relations with global and regional regulators.

Leadership & Teamwork

  • Work collaboratively across peer group(s) and organisation.

  • Strong personality to be able to cope with the demands of facing the business in challenging situations.

  • Able and willing to identify and undertake the necessary actions to provide solutions needed to discharge effective compliance advice to the businesses.

  • Appropriate interpersonal skills to be able to integrate into an existing close team and smoothly implement change.

Operational Effectiveness & Control

Advise the business on the introduction of new products and services.
  • Assist the business with the preparation of manuals and procedures, as required.

    Identify and deliver compliance training needs for the business

  • Ensure high quality completion of assigned projects and initiatives according to agreed timelines.

  • Manage and/or participate in internal and external investigations in compliance related matters.

    Ensure engagement with areas supported to advise on audit or regulatory review-related matters.

  • Interact with regulators in a positive and professional manner resulting in a cooperative working relationship.
Major Challenges
  • To advise on aspects of Global Markets (GM) franchise in particular to manage the implementation of regulatory change such as IBOR transition and Brexit in order that line management can ensure that the business is conducted in accordance with all applicable laws, rules, regulations and codes of practice.

  • To provide the business with clear challenge, analysis, decisions and guidance in relation to business proposals, transactions and plans in the context of regulatory rules and regulatory change.

  • To keep abreast of regulatory developments and anticipating changes in order to ensure accuracy of advice provided to the business.

  • To deliver on a programme of training for relevant businesses in accordance with GM Compliance and business training requirements.

Role Context
  • Assist functional and line management in resolving compliance matters and requests which arise across Global Markets Compliance.

  • Play a leading role in the Global Markets team’s delivery of outstanding performance in resolving compliance matters and requests which arise in business areas.

  • Liaise with other Compliance areas the firm, auditors and infrastructure departments in relation to compliance matters in the UK and overseas jurisdictions as needed.

  • Provide training to business areas on procedures and practices necessary to achieve compliance.

  • Provide compliance support and input as required to team members undertaking the Global Markets Due Diligence approval process and to respond within agreed timescales.

Management of Risk

To learn and put into effect the requirements of the Legal and Compliance Functional Instruction Manual (FIM).

  • To work within the Operational Risk parameters of Global Markets Compliance.

Observation of Internal Controls

Maintain HSBC internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators.

  • Understand, keep up to date and ensure compliance with all relevant internal and external rules, regulations and procedures that apply to the Global Markets business.