Regulatory Compliance Manager

Southampton, UK
13 Sep 2019
30 Sep 2019
Contract Type
Full Time
Regulatory Compliance ManagerSome careers grow faster than others. If you're looking for a career where you will be respected as an individual and valued for the contributions you make, join HSBC and discover how diversity drives our success. Whether you want a career that could take you to the top, or simply take you in an exciting new direction, HSBC offers opportunities, support and rewards that will take you further.

As part of Global Risk, Regulatory Compliance ensures adherence to applicable regulations and standards by setting the policies which cover HSBC's regulatory requirements, and mitigate conduct and reputational risk issues. The team strives to remain ahead of the regulatory change agenda and ensures the business understands the implications and is prepared for change. It monitors how the Global Businesses and Functions manage their responsibilities with regard to complying with the regulations and helps resolve compliance deficiencies.

We are currently seeking an ambitious individual to join our Regulatory Compliance team, working together with colleagues to define, manage and achieve divisional business targets.

Role Purpose
  • To focus mainly on the Operations and Product business areas, and the regulatory risk management surrounding these activities as well as the relevant controls owned by UKRC. This role primarily supports the COO and Head of Product who are responsible for these regulatory risks, but will be closely involved in all other business areas when required.
  • Key Accountability's

    Impact on Business
  • Provide support to the relevant business areas to manage regulatory compliance risks in line with the RC Operating Model.
  • Implement the compliance standards and policies in line with the RC Operating Model and Functional Instruction Manuals
  • Input into the RCA process providing second line challenge and oversight
  • Reporting significant issues to Senior Management both in the business and compliance.
  • Input into the Compliance Assurance planning processes to ensure the effective management of Compliance risk.
  • Represent Compliance on a number of internal Committees as well as HSBC on external committees as invited.

Customers / Stakeholders
  • Act collaboratively with other parts of the EMEA Asset Management businesses in relation to the risk management framework and the RC Operating Model.
  • Build good relationships internally and external parties.
  • Provide proactive, timely and accurate Compliance and regulatory advice to enable the optimal management of the regulatory issues affecting areas of responsibility.
  • Ensure effective and appropriate reporting to senior management to keep them appraised of Compliance issues, review findings, potential rule breaches and regulatory action.

Leadership & Teamwork
  • Developing and maintaining effective team working and communication with all members of the compliance team.

Role Dimensions
  • Job Context
  • This is a key role within AMG within a business with fiduciary responsibilities and the very high internal and regulatory expectations arising there from. Compliance advice is required for a broad-ranging business including retail investment products, alternative funds, institutional segregated mandates etc.
  • Major Challenges
  • To ensure that the UK AMG entities meets both Group and external legal and regulatory requirements, and the highest standards of good practice to maintain and enhance the value of HSBC's brand.
  • To support AMEU [and HAIL] management to maintain the consistently high standards of compliance across the range of business activities.
  • To keep abreast of developments and activities of concern to AMG UK entities, including developments within the business and relevant asset management industry regulatory developments.
  • Fostering and maintaining an attitude of 'solutions led' Compliance team

  • Knowledge and Experience

  • A sound understanding of the UK financial services industry.
  • A high level of understanding, and experience, of asset management business, investment products and the UK regulatory environment.
  • A strong understanding of the operation of the global financial services markets.
  • Strong, demonstrable written and oral communication and interpersonal skills.
  • Expectation of education to degree level or regulatory and/or Compliance experience.

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