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 New York, New York office.
This team member will be responsible for directing and managing the firm's response to Regulatory Inquiries sent to HSBC covering a variety of registrants including the broker-dealer, swap dealer, and futures commission merchant. This role involves frequent interaction with both regulators and key internal stakeholders across the three lines of defense. This team member will be responsible for drafting, collecting and reviewing inquiries; therefore, it requires technical knowledge, effective organizational skills, and strong interpersonal abilities. Specifically, the candidate requires critical thinking, technical knowledge and the ability to demonstrate professional skepticism to manage the high quality delivery response to the various regulators.
In this role, you will have the opportunity to be exposed to and learn various products and services associated with equities, fixed income, futures, and investment banking businesses. Additional responsibilities include: (1) entering, updating and tracking any new or follow-up regulatory inquiries in the firm's systems; (2) coordinating with regulators, as appropriate, to ensure responses are submitted on a timely basis and answering any follow-up questions regulators may have; and (3) preparing management information regarding open or significant Regulatory Inquiries. By assisting the team in the execution of these duties, you will bring efficiency to the team and the business and reduce the risk of regulatory enforcement actions and monetary penalties. In addition, you will have the opportunity to aid the entity compliance program on new initiatives, exam management, and other day-to-day duties, generally supporting the compliance program for these entities.
Impact on the Business
Direct and manage regulatory inquiry requests / risks and oversee regulator deadlines to ensure against regulatory and reputational risk.
Have a comprehension of the various inquiry requests and provide local Business and RCO's appropriate direction. Demonstrate the ability to challenge responses to ensure adequacy and accuracy.
Maintain thorough and current knowledge of regulations and business practices associated with the role (measured by direct manager's assessment).
Generally, supports an effective control environment by consulting with the line of business RCO and business partners on the development of and changes to products and services and processes.
Prepares summaries and statistical reports for reporting and to identify trends to be escalated to local Business and RCO's.
Manage additional projects and assignments to ensure compliance with Broker-Dealer and Swap Dealer compliance Programs.
Internal Number: 823478
HSBC was born from one small idea: a local bank serving international needs. We started our business in Hong Kong in 1865. In 2015, HSBC celebrates its 150th year anniversary. Over the years, HSBC grew through expanding its branch network, offering new products and establishing its own investment banking arm.
We aim to be where the growth is, connecting customers to opportunities, enabling businesses to thrive and economies to prosper, and ultimately helping people fulfill their hopes and realize their ambitions.
• Located in 72 countries and territories
• Serving around 48 million customers
• Supported by over 268,000* people
• Head office in US is New York City
We aim to be dependable, open and connected in everything we do. We want to ensure that our employees feel able to stand up for what is right, highlight potential risks and act with integrity, even when faced with pressure to act otherwise. By doing so, we will be able to meet expectations of society, customers, regulators and investors. To make sure everybody at HSBC lives up to these values, they are a part of everyone's annual performance review.
At HSBC, you will find that we are dependable, o...pen to different ideas and cultures, and connected to customers, communities, regulators and each other. Our culture has a family feel to it – our employees are encouraged to work together to reach a common goal. This idea is supported and encouraged at the leadership level and passed down.
Our size and global reach mean more opportunities for you to grow your career with us.
We are looking for forward-thinking, driven, perceptive candidates to help our customers realise their hopes, dreams and ambitions.
This means people who are dependable, open to different ideas and cultures, and enjoy being part of a team; people who have the potential to become the future leaders of HSBC.
We encourage you to drive your own development and build your network within your office and around the world.
We provide the opportunities for you to connect with customers, colleagues and the communities in which we operate.