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Job Description : Some careers open more doors than others.
If you’re looking for a career that will unlock new opportunities, join HSBC and experience the possibilities. Whether you want a career that could take you to the top, or simply take you in an exciting new direction, HSBC offers opportunities, support and rewards that will take you further.
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 Regulatory and Financial Crime Compliance 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.
The Compliance Officer for HBAP IBU (International Banking unit, Gift City India) is the an accountable executive responsible and supporting the Chief Compliance officer –India and CEO – IBU in ensuring that HSBC’s operations in IBU are effective in identifying, managing and mitigating Regulatory Compliance and Financial Crime risks and ensure timely advice is provided to the business.
The responsibilities of the Compliance Officer – IBU are to:
Primarily to support International Banking unit, Gift City India to maintain an effective control framework and to ensure compliance with all relevant external laws & regulations, internal codes and policies and good market practices
Articulate the Regulatory Compliance and Financial Crime risks for International Banking unit, Gift City India
Provide advisory services to International Banking unit, Gift City India in order to ensure clear understanding of compliance risk exposure with respect to clients, transactions and products.
Manage the relationship with relevant regulators on behalf of International Banking unit, Gift City India
Be responsible for second line governance of Regulatory Compliance and Financial Crime risks exposures, providing analysis, reporting and governance to International Banking unit, Gift City India that is independent of the first line of defence, thereby maintaining an objective assessment of risk exposure.
To exercise risk steward challenge, act as independent trusted advisory in governance forums, issue management, fostering a compliance culture and optimizing relations with risk owners and control owners.
Assist the senior management of International Banking unit, Gift City India, the leadership of the Compliance function, and other colleagues on all material compliance related matters.
Represents the Compliance agenda up to the highest levels of the Group’s governance, including being an attendee (as required) at the International Banking unit, Gift City India governance forums (and related sub-committees) to report on progress and issues in relation to the operational effectiveness of HSBC’s policies, processes, systems and controls in countering Regulatory Compliance and Financial Crime risks.
Support Chief Compliance Office (CCO) and the INM Head of Compliance Advisory – CMB and GBM in establishing guiding principles and strategic operational objectives, owning budgeting and managing costs, headcount and resources to ensure that the teams are fit for purpose and that the delivery of its critical services to the Group is both effective and cost-efficient.
Act as principal point of contact for internal and external stakeholders in relation to Regulatory matters / Transaction Monitoring/Investigation risk.
Act as a Principal officer for Anti Money Laundering (AML) related matters for regulatory authorities
Principal Accountabilities
The following principal accountabilities are aligned to the Compliance Services and Processes Model. Additional detail is available in the Model.
Impact on the Business
Support in overseeing the critical Compliance policies and systems that impact International Banking unit, Gift City India and ensure that the Group’s exposure to Regulatory Compliance and Financial Crime risks is managed in a commercially sensitive, practical and cost effective manner.
Provide advice and support on Regulatory Compliance and Financial Crime risks to senior management, Compliance and other colleagues.
Customer / Stakeholders
Reporting to Chief Compliance Office (CCO) and the INM Head of Compliance Advisory – CMB and GBM as relevant on Regulatory Compliance and Financial Crime risks matters.
Ensure that senior management are appropriately advised of all material Compliance related matters relating to the International Banking unit, Gift City India
Manage and foster a strong relationship with all relevant regulators in relation to the activities of the International Banking unit, Gift City India and ensure timely disclosure of relevant information, in relation to financial crime, and 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 senior business managers and Compliance colleagues at the Group level and those in other Regions and Businesses.
Support Head GIFT City, Chief Compliance Office (CCO) and the INM Head of Compliance Advisory – CMB and GBM in creating an environment for the delivery of consistent performance measurement, training, career management and succession planning across the Compliance capability.
Support Head GIFT City, Chief Compliance Office (CCO) and the INM Head of Compliance Advisory – CMB and GBM in establishing a strategy for the sharing of Regulatory Compliance and Financial Crime risks related compliance knowledge and best practice across the wider Compliance Function and Group.
Operational Effectiveness and Control
Create a framework for the effective risk-based monitoring of the implementation of Regulatory Compliance and Financial Crime risks related policies and controls across International Banking unit, Gift City India.
Agree and oversee the implementation, embedding and monitoring of the adherence to the Compliance FIM in International Banking unit, Gift City India.
Monitor and assess the resourcing, costs and spend of the International Banking unit, Gift City India Compliance Function.
Management of Risk
This will be achieved by ensuring all actions take account of the likelihood of Compliance risk occurring and by addressing any areas of concern in conjunction with line management and/or the appropriate department.
Observation of Internal Controls
Managers are accountable for setting the ‘tone at the top’ which underpins the principles of a positive and effective internal control environment. They should exhibit leadership and direction to their teams for establishing and maintaining an effective internal control environment, including the development and management of policies and procedures where appropriate.
Managers should also ensure that suitable processes are put in place to review and oversee that internal control environment against those policies.
Local Job Requirements
Major Challenges
HSBC is an extremely diverse business with significant geographical spread and activities that span a universal banking model, including continuing to innovate to keep abreast of changes in financial services markets globally. Such activity is in an increasingly regulated and complex global environment with often little consistency between laws and regulations in different jurisdictions and regulators taking a far more proactive approach in ensuring local compliance with their requirements and imposing increasingly stringent sanctions for breaches. It is the role of the Compliance Officer- GIFT City International Banking Unit, India , as a member of the Compliance function to assist the Group in achieving a balance between the demands of regulators, external bodies and governmental initiatives and the Group’s shareholders and customers in enacting compliance; being alive to the political, management, regulatory and reputational implications of a particular decision and courses of action at a global level; assisting executive management in the development of controls and systems and influencing the way in which the business is conducted in order to manage these risks, meeting Group risk appetite. The increased focus on individual liability for senior managers, particularly risk heads, makes it increasingly important for the Group to be able to evidence adequate systems and controls. The role is one where regulatory authorities have high expectations and is likely to come under scrutiny as part of any major regulatory investigation.
Significant experience as a regulator, or a senior 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.
Significant leadership experience and an experienced strategic thinker.
Excellent communication and inter-personal skills, with experience of dealing with executives at all levels.
Ability to develop practical, cost effective solutions to complex global issues.
A legal or formal accountancy qualification or professional background in a relevant risk or audit discipline
Additional Information
The health and safety of our employees and candidates is very important to us. Due to the current situation related to the Novel Coronavirus (COVID-19), we’re leveraging our digital capabilities to ensure we can continue to recruit top talent at HSBC.
As your application progresses, you may be asked to use one of our digital tools to help you through your recruitment journey. If so, one of our Resourcing colleagues will explain how our video-interviewing technology will be used throughout the recruitment process and will be on hand to answer any questions you might have.
Diversity Statement, Data Protection and Entity Statement
As a business operating in markets all around the world, we believe diversity brings benefits for our customers, our business and our people. This is why HSBC is committed to being an inclusive employer and encourages applications from all suitably qualified applicants irrespective of background, circumstances, age, disability, gender identity, ethnicity, religion or belief and sexual orientation. We want everyone to be able to fulfil their potential which is why we provide a range of flexible working arrangements and family friendly policies.
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.
You’ll achieve more when you join HSBC.
The Hongkong and Shanghai Banking Corporation Limited (HSBC) India

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