Avp Controls Assurance, Global Risk and Compliance

**Some Careers grow faster than others.**

If you’re looking for a career where you can make a real impression, join HSBC and discover how valued you’ll be.

HSBC is one of the largest banking and financial services organizations in the world, with operations in 64 countries and territories. We aim to be where the growth is, enabling businesses to thrive and economies to prosper, and, ultimately, helping people to fulfil their hopes and realize their ambitions.

We are currently seeking an experienced professional to join our team in the role of **Assistant Vice President - Controls Testing Utility**

**Department Overview**:
The Group’s regulators require the Risk and Compliance function to assess the adequacy of the firm’s controls, processes, procedures and resulting outcomes to manage risk. This responsibility is met by the Risk and Compliance Assurance Services (RCAS) function.

RCAS is at the forefront of delivering innovative assurance solutions for and on behalf of HSBC’s 2nd line of Defence Assurance teams and Risk Stewards. Our industry leading senior management team supported by our specialist Centres of Excellence (CoE) will deliver an Assurance proposition that unlocks value for the Group, strengthens our control environment and delivers sustainable success

Controls Assurance is a sub-function within RCAS and is responsible for managing the assurance of key controls of critical business processes and specified non-financial and financial risks across the Group. In addition, Controls Assurance also works hand-in-hand with Automation and Analytics to develop, test and deploy their Continuous Assurance objectives.

**Responsibilities**:
Controls Assurance is data enabled assurance function that uses analytics in providing opportunity to test controls in efficient and effective ways. It covers all Financial Crime, Regulatory Compliance risk taxonomies (AML, Sanctions, Anti-Bribery & Corruption and Fraud) and Operation and Resilience risk across all businesses, functions and geographies of the Group. The division assesses, on an end-to-end basis where possible, the effectiveness of controls embedded in the first line of defence and those operated by the second line on their behalf, and represents an integrated part of the function in discharging its assurance responsibilities.

**Team works on any of the following**:
IT Asset & Inventory Management

Architecture Management

Change Management

Deployment Management

System Data Integrity

Software Development Lifecycle

Security Awareness & Training

IT Protective Security Technology

Network Resilience

Network Security

Data Asset Protection

Data Security

IT Operations Management

Logging, Monitoring, and Alerting

Security Assurance

Cyber Event Detection

Vulnerability Management

IT Service Continuity Management

Incident Response and Recovery

Identity & Access Management

Requirements

The role will be responsible for delivering assessments of assigned controls, in accordance with Controls Assurance procedures and the assessment plan.
- Customise and localise standard test scripts and then evaluate assigned controls for design and operating effectiveness, raise issues as appropriate.
- Ensure that assigned control assessments are accurate, effective, abide by Controls Assurance procedures and templates, and meet quality control requirements
- Ensure that assigned control assessments are delivered on time, in accordance with the Controls Assurance assessment plan.
- Supervise the delivery of assigned control assessments using experience and knowledge to intervene and redirect testing as required, resolving or redirecting escalations as required.
- Manage Control owners, Risk owners and other stakeholders, ensuring the success of each assigned reviews, minimising contention where possible and requesting support where deemed necessary.
- Manage the documentation of distinct control types, covering key aspects, such as remit, main processes and handovers to other teams.
- Identify activities that operate without a key control defined and the risk associated with such activities.
- Ensure that issue owners complete sufficient root cause analysis for all material issues and have appropriate remediation plans in place.
- Develop and motivate the testing specialists through coaching and on-the-job training, ensuring the successful delivery of assigned control assessments

**Skills Required**:

- Bachelor’s or Master’s degree in related field such as business, finance, law or qualified accountants
- IT certifications in one of CISM / CISA / CISSP is required
- Overall experience of 8+ years in BFSI
- Prior & relevant experience in compliance, testing, audit and/or legal management within BFSI is preferred
- Good understanding of financial crime or regulatory compliance. Must be familiar with relevant regional laws, regulations and the overall regulatory environment
- Experience utilizing assurance automation and analytics tools preferr