Regulatory Compliance Manager - Reg Affairs & Policy, Contract
Regulatory Affairs & Policy (RAP) is a part of the Regulatory Compliance (RC) function and provides support to the wider Financial Crime Risk (FCR) functions in the following areas:
- Regulatory Engagement: delivering proactive and more consistent management and oversight of regulator relationships globally;
- Regulatory Development: identification and oversight of material RC and FCR ongoing and upcoming regulatory developments, supporting the Group to address regulatory change; and.
- Policy Governance: implementing and managing the infrastructure to support the development and maintenance (including dispensations from) RC and FCR policy (and associated documents) in the Group's Global Standards Manual and RC and FCR owned FIMs.
All RAP activities are expected to be conducted consistently and efficiently, with timely, relevant and accurate reporting and MI available to all relevant stakeholders.
The Global RAP function operates to ensure that there are 'no surprises' in relation to material Regulatory Developments, Regulatory Engagements or Policy Governance. As part of the RAP function, this role will:
- Ensure that material regulatory developments and trends are identified, assessed, recorded, working with Regional and Country RAP/RC teams as appropriate.
- Support relevant management (within RC and potentially other risk stewards) and at an HSBC Group Management Services (HGMS) level in relation to regulatory developments having an impact on, or relevance to the RC function.
- Support the implementation of relevant policies, procedures, systems and controls in relation to identifying, impact assessing, allocating ownership for, reporting on and responding to relevant regulatory developments.
- The jobholder will ensure the fair treatment of our customers is at the heart of everything we do, both personally and as an organisation.
- This will be achieved by consistently displaying the behaviours that form part of the HSBC Values and culture and adhering to HSBC risk policies and procedures, including notification and escalation of any concerns and taking required action in relation to points raised by audit and/or external regulators.
- The jobholder is responsible for managing and mitigating operational risks in their day to day operations. In executing these responsibilities, the Group has adopted risk management and internal control structure referred to as the 'Three Lines of Defence'. The jobholder should ensure they understand their position within the Three Lines of Defence, and act accordingly in line with operational risk policy, escalating in a timely manner where they are unsure of actions required.
- Through the implementation the Global AML, Sanctions and ABC Policies, supporting Guidance, and Line of Business Procedures the jobholder will make informed decisions in accordance with the core principles of HSBC's Financial Crime Risk Appetite.
- The following statement is only for roles with core responsibilities in Operational Risk Management (Risk Owner, Control Owner, Risk Steward, BRCM, and Operational Risk Function
- The jobholder has responsibility for overseeing and ensuring that Operational risks are managed in accordance with the Group Standards Manual, Risk FIM, & relevant guidelines & standards. The jobholder should comply with the detailed expectations and responsibilities for their core role in operational risk management through ensuring all actions take account of operational risks, and through using the Operational Risk Management Framework appropriately to manage those risks.
This will be achieved by:
- Continuously reassessing risks associated with the role and inherent in the business, taking account of changing economic or market conditions, legal and regulatory requirements, operating procedures and practices, management restructurings, and the impact of new technology.
- Ensuring all actions take account of the likelihood of operational risk occurring, addressing areas of concern in conjunction with Risk and relevant line colleagues, and also by ensuring that actions resulting from points raised by internal or external audits, and external regulators, are correctly implemented in a timely fashion.
This job was originally posted as www.jobsite.co.uk/job/959472499