HCIB Regulatory Affairs Senior Manager (CIB)

If you’re looking for a career that will help you stand out, join HSBC, and fulfil your potential - whether you want a career that could take you to the top, or an exciting new direction, we offer opportunities, support and rewards that will take you further.

We’re one of the largest banking and financial services organisations in the world, with a network that covers more than 50 countries and territories. We aim to be where the growth is, enabling businesses to thrive and economies to prosper, and, ultimately, helping people fulfil their hopes and realise their ambitions.

We’re currently seeking an experienced professional to join our team in the role of HCIB Regulatory Affairs, Senior Manager.

The HCIB Regulatory Affairs Senior Manager will be part of a small team which has broad remit and responsibilities, including and not limited to: identification and oversight of upcoming and in-train material regulatory compliance developments, supporting the Group to address regulatory change, and supporting the high volume of regulatory engagements with regards to HCIB/CIB in particular with UK core regulators.

This role is based in London 

As an HSBC employee in the UK, you’ll have access to tailored professional development opportunities and a competitive pay and benefits package. This includes private healthcare for all UK-based employees, enhanced maternity and adoption pay and support when you return to work, and a contributory pension scheme with a generous employer contribution.

In this role you’ll:

A. Regulatory Engagements

• Act as an SME for HCIB-led regulatory engagements. This will primarily involve engagement with UK regulators and include an element of cross-border work carried out by overseas regulators in the UK as well as overseas visits by UK regulators.
• Advocate the objective of a “no surprises” approach in HSBC’s regulatory engagement; including ensuring that regulators’ agendas and requests are understood, communicated to relevant stakeholders, and delivered.
• Support relevant senior management, including HCIB/CIB OpCo in material engagement with regulators; including preparation of Briefing Notes, attendance at meetings, and maintaining accurate records of regulatory engagements.
• Engage on regulatory matters, working with relevant 2LoD colleagues, Global Businesses, Global Functions and Infrastructure teams, as required.
• Work with counterparts across HCIB/Europe region to ensure oversight of relevant engagements within the region, and across regions as required.
• Support high quality reporting and guidance on regulatory engagements and trends for internal governance and senior stakeholders.
• Work with counterparts across the region to roll-out and deliver consistent standards across regulatory engagements and drive efficiencies.

B. Regulatory Developments

• Provide horizon scanning monitoring for new or changes to existing regulatory developments, in particular with respect to CIB product lines (excluding MSS), identify relevant stakeholders across 1 and 2LoD, and keep them informed through regular communications.
• Either directly, or working with relevant stakeholders, ensure high level analysis is completed for inflight regulatory developments that impact HCIB, in particular with respect to CIB business and product lines including Banking, HIF & Sustainable Finance, CMA, GPS, and GTS businesses, and support detailed analysis where possible.
• Work with the wider Compliance and other 2LoD colleagues to provide advice and oversight of regulatory change implementation by the 1LoD, escalate where necessary and report on completion as well as support on implementation projects where possible.
• Liaise with relevant stakeholdres to identify and submit responses to relevant key or material consultations or similar engagement on regulatory developments, and where appropriate seek to drive changes to legislation that are in the best interests of our customers, strategy, and other stakeholders.
• Support high quality reporting and MI on key regulatory developments to HCIB/CIB stakeholders and for internal governance.
• Support and oversee the use of the horizon scanning tool (RAPid2) and regulatory mapping tool (RegMap) and support on any simplification initiatives with respect to RAPid2 and RegMap.

To be successful in this role you should meet the following requirements:

• Experience interacting with UK regulators.
• Experience interacting with Senior Management on regulatory topics.
• Broad knowledge of financial services regulation and prior knowledge or experience in CIB would be a plus.
• Experience working at a UK regulator would be an advantage.
• Broad knowledge of regulatory compliance risks and understanding of these in the context of managing regulatory relationships.
• Ability to operate in a fast-paced environment and willingness to be flexible on assignments including both routine and ad-hoc tasks.

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Opening up a world of opportunity.