Manager Compliance Advisory
HSBC · Taguig, Philippines · 11d ago
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HSBC is one of the largest banking and financial services organisations 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 fulfil their hopes and realise their ambitions.
We are currently seeking an experienced professional to join our team in the role of Manager Compliance Advisory
Role Purpose
The Compliance function is a Second line of defence (LOD) function, responsible for providing oversight, guidance, support and reviews and challenges the activities of the Group’s businesses (also referred to as “the First LOD”) to ensure that they effectively manage as “Risk Owners” and “Control Owners” the Regulatory Compliance risks inherent in or arising from the conduct of their activities 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 Manager, Compliance Advisory, is a key strategic risk steward role that has a broad remit and responsibilities for providing oversight, guidance, and management, of all aspects of Regulatory Compliance risks.
The responsibilities of the Manager, Compliance Advisory are to:
- Articulate the Regulatory Compliance risks for the Philippines and applicable line of business.
- Primarily to support the applicable line of business in the Philippines, to maintain an effective control framework and to ensure compliance with all relevant external laws & regulations, internal codes and policies, and good market practices.
- Provide advisory services to the applicable line of business in the Philippines in order to ensure clear understanding of compliance risk exposure with respect to clients, transactions, and products.
- To exercise risk steward review and challenge, act as independent trusted advisor in governance forums, issues management, fostering a compliance culture, and optimizing relations with risk owners and control owners.
- To stay at the forefront of key regulatory changes to ensure proactive communication with the business and develop appropriate policy and framework to manage the changes, particularly extra territorial changes and those that may result in breaches or penalties.
- Primary point of contact of the LOB on day-to-day channel concerns to ensure processes are coordinated, implementation risks and issues are considered and addressed.
Principal Accountabilities
Impact on the Business
- Day-to-day oversight on Compliance policies and systems that impact Philippines and ensure that the Group’s exposure to Regulatory Compliance risks are managed in a commercially sensitive, practical, and cost effective manner.
- Provide advice, support, review and challenges on Regulatory Compliance risks to stakeholders, Compliance, and other colleagues
Customer / Stakeholders
- Ensure that the applicable line of business in the Philippines’s local senior management and regional Compliance stakeholders are appropriately advised of all material Compliance related matters relating to Philippines.
- Lead / liaise with relevant country and regional stakeholders within the applicable line of business in the Philippines, other Global/Regional Business and Functional teams to provide expertise on Regulatory Risk matters
- Manage and foster a strong relationship with all relevant regulators in relation to the activities of the applicable line of business in the Philippines and ensure timely disclosure of relevant information, in relation to regulatory compliance related matters.
- Ensure that positive relationships are maintained with other external stakeholders relevant to the Compliance agenda.
Leadership and Teamwork
- Maintain and develop positive and professional working relationships with stakeholders, senior business managers, and Compliance colleagues at the Group level and those in other Regions and Businesses.
- Strong communication and working relationship within the applicable line of business in the Philippines, Regional Compliance, other Risk Disciplines, Functions and Global Businesses to ensure implementation of new disciplines.
Operational Effectiveness and Control
- Create a framework for the effective risk-based monitoring of the implementation of Regulatory Compliance risks related policies and controls across Philippines.
- Support the applicable Head of Regulatory Compliance in the implementation, embedding and monitoring of the adherence to the Compliance FIM in Philippines.
- Resolve any/all identified issues promptly, and escalate concerns to applicable Head of Regulatory Compliance and other senior managers as appropriate to ensure timely awareness of any material concerns.
Qualifications
- Significant experience as a regulator, or a compliance manager across all areas of Compliance risk within a global firm, in the financial services industry.
- Detailed and extensive knowledge of the HSBC Group structure, its business and personnel, and HSBC’s corporate culture.
- Excellent communication and inter-personal skills, with experience of dealing with executives at all levels.
- Ability to develop practical, cost effective solutions to complex local/regional/global issues.
- A professional background in a relevant risk or audit discipline.
Due to the urgent hiring need, candidates with immediate right to work locally and no relocation need will be prioritised.
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Issued by Hong Kong and Shanghai Banking Corporation Limited Philippines