Vice President Compliance Assurance CTU - RCA SERVICES - CONTROLS ASSUR [China]

 

Job description

Some careers have more impact than others.

If you're looking for a career where you can make a real impression, join HSBC and discover how valued you'll be.

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.

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We are currently seeking an experienced professional to join our team in the role of Vice President Compliance Assurance CTU - RCA SERVICES - CONTROLS ASSUR

Principal responsibilities

This role will report into the Head of Controls Assurance, RCAS China and will be responsible for delivering assessments of key control activities of RCR areas, in accordance with CA procedures and the assessment plan.

The role holder will be required to support the Head of CA China in leading a team to assess the effectiveness of controls relating to RCR and identifying and raising issues where control gaps lead to material unaddressed risks.

At a high level, the role holder will be responsible for the following:

• Lead an assessment team of Assistant Vice Presidents (AVPs - GCB5s), Managers (GCB6), as they evaluate a portfolio of controls for design effectiveness, operating effectiveness and/or risk management outcomes, raising issues as appropriate.
• Ensure that assigned control assessments are accurate, effective, abide by CA and RCAS methodology, procedures and templates, and meet quality control requirements.
• Supervise the delivery of assigned control assessments, using experience and knowledge to intervene and redirect testing as required, resolving, or redirecting escalations as required.
• Ensure that assigned control assessments are delivered on time, in accordance with the CA assessment plan.
• Manage control owners and other stakeholders, ensuring the success of individual reviews, minimizing contention where possible and requesting support, where deemed necessary.
• Manage the documentation of distinct control types, covering key aspects, such as remit, main processes and handovers to other teams.
• Ensure that issue owners complete sufficient root cause analysis for all material issues and have appropriate remediation plans in place.
• Lead, develop and motivate the assessment team to attract, retain and develop talent, ensuring the successful delivery of assigned control assessments.
• Support the Head of Control Assurance (GSC Country Location Name) in fulfilling CA responsibilities as required, including budget management, resourcing and feeding into the development of procedures and templates.

Requirements

• Minimum of 5 years proven experience in assurance, audit, compliance or risk management within financial services or other major industries.
• A good understanding of risk management of Credit Cards and Unsecured Personal Lending Portfolios
• Awareness on Retail Forbearance and Distressed Restructuring
• A good understanding of Residential Mortgages, Reverse Mortgages and Collaterals
• An understanding of Financial Statements, Credit Reports
• Awareness of Expected Credit Losses (ECL), Impairment and Allowances quantification and assessment concepts (Under IFRS9)
• Awareness of risk models applied to products such as credit cards, overdraft facilities and mortgage
• Experienced people manager, with excellent communication skills, a polished management style, and a proven track record of leading through change.
• Proven ability to question, evaluate, and improve existing business processes and adequacy of information.
• Experience working with local and regional stakeholders and an understanding of global standards of quality.
• Minimum Bachelor's degree in related field such as business, finance, law or equivalent experience Master's in Finance or equivalent / Chartered Accountant preferred.
• Requires understanding of the changing regulatory landscape regarding compliance functions within the banking industry.
• Broad knowledge of banking and a good understanding of all significant regulatory compliance requirements applicable to a CoE.
• Experience developing assurance automation and analytics tools preferred.
• Fluent in both oral and written English.
• Proficient with Microsoft Office.

Candidate with less relevant experience or skills may be offered a lower Global Career Band than stated above.

Due to the urgent hiring need, candidates with immediate right to work locally and no relocation need will be prioritised.

You'll achieve more when you join HSBC.

HSBC is committed to building a culture where all employees are valued, respected and opinions count. We take pride in providing a workplace that fosters continuous professional development, flexible working and opportunities to grow within an inclusive and diverse environment. Personal data held by the Bank relating to employment applications will be used in accordance with our Privacy Statement, which is available on our website.

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