Description
In compliance with applicable laws, HSBC is committed to employing only those who are authorised to work in the US. This role is in the Regulatory Compliance department covering the Markets & Securities Services division of HSBC (U.S.) and will play a crucial role in supporting the compliance needs of the Global Equities franchise with a focus on the Equity Derivatives (EQD) business segment.
The successful candidate will be responsible for supporting Second Line of Defence Risk Stewardship, including advising on compliance matters, monitoring activities, providing effective review and challenge on business operations, initiatives, and state of controls, and engaging on various aspects of core compliance disciplines for the EQD business, such as licensing/registrations, policies and procedures, training, conflicts, and supervision.
The role requires making commercial decisions while considering regulatory compliance risks/obligations and working to ensure that the business operates within the HSBC risk framework. Collaboration with business management and other functions, such as Non-Financial Risk, COO, Operations, and Technology, is essential to ensure that best practices are in place to facilitate the success of HSBC's business operations and commercial objectives.
Operational effectiveness and control are key aspects of the role, as is ensuring that the business adheres to industry standards and continuously innovates and improves methodologies to meet required standards and regulations. Leadership and teamwork are vital components of the role, as the compliance officer promotes a high-performance culture through collaboration and effective interaction.
Key responsibilities include:
- Providing support to the EQD business by advising and guiding on compliance-related matters, as well as providing support in the same manner, to the wider Equities business locally and globally, as necessary and appropriate.
- Assisting on matters concerning business policies and procedures, regulatory matters including new rule proposals, existing and new equities-related products as well as operational, technological, and other issues in the business.
- Proactively working with business management, Non-Financial Risks, other stakeholders, and compliance officers to ensure best practices and systems are in place to facilitate sound business operations and the overall success of HSBC.
- Responsible for compliance reports, governance submissions, compliance reviews, projects and training efforts, as required.
- Responsible for carrying out projects with regulatory or substantial business impact.
- Building strong relationships, adopting a joined-up approach, to execute processes at pace and with minimum conflict.
- Ensuring that internal and external regulatory requirements are met, including interaction with regulators, as necessary and appropriate.
- Ensuring that the business operates using accepted industry standard methodologies, practices, processes and principles.
- Innovation and improvement of methodologies, through adoption of best practice and continued professional development and ensuring these meet required standards and regulations
- Drive and support a high-performance culture by delivering standards, fostering collaboration, and encouraging effective interactions.
- Agree responsibilities within formal and informal network, providing context, direction and confidence to deliver results.
- Collaborate with other business partners and Global Functions to ensure commonality and consistency of solutions.
The ideal candidate will have:
- A Bachelor's degree – ideally in finance, economics, or a related field
- Extensive experience in a bank or broker-dealer, with a focus on equities markets, specifically equity derivatives – and be able to understand, interpret and apply complex regulatory requirements to business practices.
- Exceptional knowledge of equities markets including trading system and technologies, rules and regulations, risks, and other core aspects in the domain.
- Well-developed managerial, communications, negotiation, analytical, organisational, project management, and strategic and/or operational planning skills.
- Minimum of a bachelor's degree in business, related field or equivalent experience; Master's degree and/or Juris Doctorate (JD) preferred.
- Ability to meet deadlines in a timely manner and deliver effective presentations
- Proactive and independent – seeking a thought leader.
- Proficiency with computers and software packages including Microsoft Excel, Word, and PowerPoint