The Senior Manager, Country Compliance for Australia is responsible for supporting the business facing Compliance Officers to ensure HSBC manages the Compliance risks that it faces.
The Compliance function is a Second line of defence (LOD) function, responsible for reviewing and challenging the activities of the Group’s businesses (also referred to as “the First LOD”) to ensure that they effectively manage as “Risk Owners” the risks inherent in or arising from the conduct of their activities and 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.
- Support the business facing Compliance Officers in the development and implementation of a consistent and embedded RC risk management framework and lead the development of systems, processes and other capabilities that support this.
- To act as a key member of the Regulatory Conduct team for HSBC Bank Australia Ltd (HBAU) and Hongkong Shanghai Banking Corporation (HBAP) Sydney Branch (SYH) (collectively AUH) in relation to Regulatory Compliance (RC) risks.
- Oversee the implementation and operational effectiveness of those standards and policies by business facing Compliance Officers across AUH and ensure that AUH RC risks are managed in a commercially sensitive, practical and cost effective manner.
- As Compliance’s lead for AUH’s delivery of regulatory change projects, providing effective oversight of Compliance support required, and working with business facing Compliance Officers, to ensure AUH’s effective delivery of regulatory change.
- The effective oversight and advice on RC risk related matters relating to AUH, the oversight of RC risk related stewardship across the AUH Compliance function and the assessment of current and forward-looking aspects of RC risk exposure.
- Working closely with the business facing Compliance Officers, establish strategic RC standards and policies and support the business facing Compliance Officers in setting risk appetite limits in relation to the RC risks (specifically, breach of regulatory duty to clients and other counterparties, inappropriate market conduct, breach of other regulatory requirements) as relevant to the business facing Compliance Officers areas of responsibility.
- Co-ordinating a consistent global approach to managing AUH relationship with its regulators, and, in conjunction with the business facing Compliance Officers, ensuring timely reporting and disclosure of relevant information both to AUH regulators and within the Group in relation to regulatory concerns and engagements.
- Acting as a trusted adviser to senior AUH executive stakeholders on RC risks and assisting the leadership of the AUH Compliance Function and other compliance colleagues on all material RC risk related issues.
- Knowledge and understanding of Compliance within a complex global organisation.
- Strong knowledge and understanding of the external environments – regulatory, political, competitor and market
- A practical understanding of technology and its application in this context. Demonstrable knowledge of technology development and deployment with an understanding of how this can be used to meet business needs.
- Practical experience of major business transformation with large scale project management experience
- Demonstrated business knowledge, ideally experience working in a senior role within a complex business unit within a global banking environment.
- Broad and deep product knowledge across banking or extensive cross-functional experience within a global bank.
- Proven experience as a leader in a complex organisation.
- Excellent knowledge of existing and emerging technologies.
- Conversant in dealing with regulatory authorities at a senior level
- Demonstrable experience dealing with and influencing internal and external senior stakeholders and regulators.
Vacancy Type: Full Time
Job Location: Sydney, New South Wales, AU
Application Deadline: N/A