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Vice President Financial Crime Team Leader - People Manager Assurance

Company: HSBC
Location: Jersey City
Posted on: September 17, 2022

Job Description:

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 our Jersey City, New Jersey office.
As a Compliance Assurance Team Lead you will oversee multiple Compliance Assurance testing reviews, meanwhile leading assigned compliance reviews with due consideration on striking a balance between leading a review and conducting oversight of other reviews.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 the environment and work fosters a supportive "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) for banking businesses in the US. You will also serve as the primary relationship liaison for the Retail Bank business and as the secondary relationship liaison for the wholesale banking and act as ambassador for 2nd line of defense Compliance Assurance reviews. Shapes the reviews for their team throughout the year - ramping up to review kickoff date by translating tips and queues from the external environment (competitor intelligence / seminar learnings) and the internal environment (MI and discussions with stakeholders).
About US
Our purpose - Opening up a world of opportunity - explains why we exist. We're here to use our unique expertise, capabilities, breadth and perspectives to open up new kinds of opportunity for our more than 40 million customers. We're bringing together the people, ideas and capital that nurture progress and growth, helping to build a better world - for our customers, our people, our investors, our communities and the planet we all share.
You will be responsible for:

  • Providing oversight of assigned Compliance Assurance reviews while working in parallel to lead assigned compliance reviews, ensuring timely and quality execution of the reviews while ensuring adherence to internal policies and procedures. To include engaging, testing and providing feedback to the team on review activities relating to planning and scoping, fieldwork/testing, review wrap-up/reporting, and issue management.
  • Managing Compliance Assurance review-related efforts and assignments of staff with varying degrees of expertise and experience when conducting review engagements
  • Developing actionable review strategies and steps the teams can take to assure business control activities meet current regulatory requirements.
  • Establishing testing objectives and scope of work for reviews so that each team can "hit the ground running" and feel ready to perform their reviews. Seeks to proactively develop a training plan for each reviewer for the planned reviews for each year.
  • Participating in development of the indicative annual plan for assigned areas of responsibility including proper assessment and coverage of risks and emerging risks and assists with execution of the annual plan.
  • Leading and developing an effective team through communication, performance management, development plans and reward/recognition practices.

    • Maintaining current knowledge of Consumer, Commercial, and Investment Banking business processes and compliance requirements, as well as of pertinent internal regulatory policy and procedural changes.
    • Knowledge of assigned businesses, products, operations, systems and organization and understanding of all significant regulatory compliance requirements applicable to the business.

      • Discharges position accountabilities by pro-actively assisting management in identifying and containing compliance risk, monitoring, reporting and certification, fostering a compliance culture and optimizing relations with regulators.
      • 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.
      • Engages proactively with senior compliance and business management throughout the year and during planning, testing, and reporting processes.
      • Assists as needed with the development of Compliance Assurance policies and implementation of procedures.
      • Manages and participates in special compliance reviews, risk self-assessment projects and any additional assignments/projects as required by management.

Keywords: HSBC, Jersey City , Vice President Financial Crime Team Leader - People Manager Assurance, Executive , Jersey City, New Jersey

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