As a Compliance Assurance Senior Manager you will lead multiple Compliance Assurance (CA) testing reviews, as directed by CA management. Oversee the detection of issues and observations, reports, and follows up on regulatory issues that arise. Provide a valued feedback loop to senior leadership in US Compliance Assurance on the state of the employee satisfaction and well-being, including challenges for the team members. Motivate and supervise testing staff as well as ensuring work fosters a team approach. Takes a “hands on” approach to compliance testing to ensure adequate testing reviews of the compliance control framework are conducted. Assures compliance with internal policies and procedures and with laws and regulations applicable to HNAH’s banking and brokerage activities in the U.S. Primary focus on control activities (e.g., first line of defense compliance monitoring functions) around Financial Crime risk for the U.S. Bank Holding Company and in related support activities (e.g. Risk Management, IT, MIS, Operations).
At HSBC, the health and well-being of our employees remains of utmost importance. Many of our roles are permitted to work from home (in states in which HSBC is licensed to operate) until further notice. Upon resumption of normal operations, this role may be performed at any of our US HSBC locations. This role may be performed fully remote or as a hybrid workstyle.
About Us
HSBC is one of the largest banking and financial services organizations in the world, with operations in 64 countries and territories. We aim to be where the growth is, enabling businesses to thrive and economies to prosper, and, ultimately, helping people to fulfill their hopes and realize their ambitions.
You will be responsible for:
Lead assigned compliance reviews, ensuring timely and quality execution of the reviews while ensuring adherence to internal policies and procedures. This role will work to strengthen the bank's OFAC/Sanctions program through effective testing of the bank’s sanctions operations. To include engaging and providing feedback to the team on review activities relating to planning and scoping, fieldwork/testing, review wrap-up/reporting, and issue management. Developing actionable review strategies and steps the test team can take to assure business control activities meet current regulatory requirements.
Managing Compliance Assurance review-related efforts and while managing assigned review staff with varying degrees of expertise and experience when conducting review engagements. Maintaining current knowledge of Financial Crime Risk as it applies to Consumer, Commercial, and Investment Banking business processes, as well as of pertinent internal policy and procedural changes.
Providing assurance and challenge of the effectiveness of the risk and control activities conducted by the first line of defense, and determining the residual risk of identified coverage gaps. Assists Business and Compliance Management in determining the effectiveness of their compliance control environment and provides line of sight for compliance management into regulatory issues.
