CIB Regulatory Compliance, HBUS GPS AVP- Global Payment Services

In compliance with applicable laws, HSBC is committed to employing only those who are authorized to work in the US. Applicants must be legally authorized to work in the U.S. as HSBC will not engage in immigration sponsorship for this position.

Our purpose – Opening up a world of opportunity – explains why we exist. Here at HSBC we 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 create a better world – for our customers, our people, our investors, our communities and the planet we all share.

This position, reporting to the Head of Regulatory Compliance Banking, Products, US, plays a key role in ensuring that US Global Payments Solutions (GPS) is effective in identifying, managing and mitigating Regulatory Compliance risks and ensure timely advice is provided to the GPS business. 

The Regulatory Compliance function is a Second line of Defense (LOD) function that includes Risk Stewards who are independent of the commercial risk-taking activities undertaken by the Group’s businesses (also referred to as “the First LOD”). These Risk Stewards are responsible for reviewing and challenging the activities of the First LOD to ensure that, as Risk Owners, they effectively manage the regulatory compliance risks inherent in, or arising from, the conduct of their activities and for which they are responsible. The Regulatory Compliance function operates in accordance with HSBC Group’s Risk Management Framework (RMF).

The individual will play a key role in providing advice and challenge the GPS business based on thorough understanding of key trends, opportunities and threats impacting the Regulatory Compliance function. This role requires strong partnership with the GPS business to drive and accelerate the execution of Regulatory Compliance programs that directly impact business performance. This role will significantly contribute to the implementation of policies into the GPS business and as such it will require close collaboration with various Risk and GPS business functions.

As our Corporate and Institutional Banking (CIB) Regulatory Compliance, HBUS GPS AVP- Global Payment Services, you will:

• Maintain an effective control framework and ensure compliance with all relevant external laws & regulations, internal codes and policies and good market practices
• Help fosters a strong risk and control and compliance culture, including ensuring adequate management focus and demonstrative “tone from the top” and proactive risk management
• Ensure all policies, procedures, principles, and dispensations are updated for changes in Regulation and impacts on business
• Resolve any/all identified issues promptly and escalate concerns to management as appropriate to ensure timely awareness of any material concerns
• Maintain and observe all HSBC control standards and implement and observe the Group Compliance Policy, including the timely implementation of recommendations made by internal/external auditors and external regulators
• Maintain awareness of operational risk within assigned portfolio and minimize the likelihood of it occurring including its identification, assessment, mitigation and control, loss identification and reporting
• Remains up to date on latest industry developments (e.g. technology, regulatory); enable teams to incorporate improvements to drive towards operational excellence
• Monitor regulatory developments impacting payments, banking as a service, digital assets, and fintech partnerships, communicate emerging risks and recommended actionable solutions

You´ll likely have the following qualifications to succeed in this role:

• Bachelor’s degree required; advanced degree or certification (JD, MBA, CRCM, CAMS) preferred
• Proven experience in financial services compliance, ideally in payments, digital banking or digital asset businesses
• Knowledge of OCC and FDIC rules, including guidance on third party-risk management, Reg R, Reg CC, customer protection, deposit operations and supervisory expectations for innovative banking activities
• Experience supporting digital platforms and/or fintech integrations, with familiarity with blockchain or digital asset products is a plus
• Excellent analytical, interpersonal and communications sills, with proven ability to influence stakeholders and operate in a fast-paced environment and understanding of what it means to be a Risk Steward
• Risk-Based Decision Making and Risk Reporting experience

As an HSBC employee, you will have access to tailored professional development opportunities to ensure you have the right skills for today and tomorrow. We offer a competitive pay and benefits package including a robust Wellness Hub, all in a welcoming and inclusive work environment. You will be empowered to drive HSBC’s engagement with the communities we serve through an industry-leading volunteerism policy, a generous matching gift program, and a comprehensive program of immersive Sustainability and Climate Change Initiatives. You’ll want to join our Employee Resource Groups as they play a central part in life at HSBC, including the development of our employees and networking inside and outside of HSBC. We value difference. We succeed together. We take responsibility. We get it done. And we want you to help us build the bank of the future!

The final fixed pay offer will depend on the candidate and several variables, including but not limited to, role responsibilities, skill set, depth of experience and education, licensing/certification requirements, internal relativity, and specific work location.

All qualified applicants will receive consideration for employment without regard to age, ancestry, color, race, national origin, ethnicity, disability or medical condition, genetic information, military or veteran service, religion, creed, sex, gender, pregnancy, childbirth, caregiver status, marital status, citizenship or immigration status, sexual orientation, gender identity or expression or any other trait protected by applicable law.