Avp Controls Assurance Rcas Gsc's

**Business**:Risk and Compliance Assurance Services**

**Open positions:1**

**Role Title**: AVP CONTROLS ASSURANCE RCAS**

**Global Career Band:5**

**Location **_(Country / City )_**:Hyderabad**

**Recruiter Name : Akshay5 kumar**

**Why join us? (Overview of Dept./Function)**

**Role Purpose**

The Group requires independent second line assurance of the management of material risks and controls across HSBC’s non-financial and financial risk taxonomies. The Risk and Compliance Assurance Services (RCAS) function provides a significant proportion of this assurance.

Via its industry-leading centres of excellence, RCAS delivers innovative assurance solutions for and on behalf of HSBC’s Risk Stewards and peer assurance teams.

Controls Assurance (CA) reports into 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. This is achieved by building out a centralised offshore capability that will deliver agile, insightful and cost-efficient assurance. CA also provide a resource augmentation service to other assurance teams within the Bank, becoming a vehicle to effectively manage assurance costs and resources as a whole. Also, CA work hand-in-hand with the RCAS Automation and Analytics team to develop, test and deploy their Continuous Assurance objectives.

Specifically, CA has a mandate to provide the following key assurance services across the Financial Crime, Regulatory Compliance, Resilience Risk, Models, Credit and Market Risk taxonomies within all HSBC territories and divisions:

- Process-led assurance - assuring the design, operation, recording and monitoring of key controls and expected risk management outcomes within agreed critical business services across the Group
- Risk-based cyclical assurance - assuring the above for specific risk taxonomies within agreed risk-based assurance cycles
- Entity Control assurance - assuring the design, operation, recording and monitoring of key controls designated by entity-level reporting frameworks across the Group (e.g. SOX, ELCs)
- Resource augmentation - Temporary providing staff to non-RCAS assurance teams to support their assurance

CA is principally comprised of Control Testing Utilities (CTUs) executing this assurance work. These CTUs are principally based in Global Service Centres within India, China and Poland, and are staffed with assurance specialists with expertise across the range of risks being covered.

This role will report into the CTU and will be responsible for delivering assessments of key control activities, in accordance with CA procedures and the assessment plan.

The role holder will be required to support CA’s assurance reviews across these risk taxonomies, with a specialist focus on Credit, Model and Traded controls. At a high level, working within a purpose built assurance team on a given assurance review, the role holder will be responsible for:

- Raising, documenting and agreeing issues as appropriate, and identifying and agreeing underlying root causes for these issues
- Supporting VPs in the development of review scopes and approaches, terms of reference and final reporting.
- Occasionally coaching and supporting other members of the assurance review team in also executing the above.
- Ensuring that the above is executed in a timely, efficient and orderly fashion, in accordance with CA’s internal procedures and quality standards.

**What you’ll do: (List out Key Responsibilities)**

**Principal Accountabilities: Key activities and decision making areas**

**Impact on the Business**
- Execute, and at times supervise CTU Testing Specialists in executing, the CA assessment plan, ensuring the accurate, efficient and timely completion of control tests.

**Typical Targets and Measures**
- Execution and delivery of assigned control assessments.
- Accurate, timely and reliable testing of key controls.
- Drive a consistent and highly risk-focused approach to CA testing activities across all assigned control activities, in accordance with CA procedures.
- Meeting agreed deadlines and targets.
- Support the production of high quality management information (MI) covering CA activities.
- Increased utilisation of automation and analytics across all CA assessments.

**Customers / Stakeholders**
- Build strong relationships with all internal stakeholders, including 1st Line Control Owners, 2nd Line Risk Stewards and peer Assurance functions, and 3rd Line Internal Audit.
- Working with these parties to adopt a joined-up, commercial and transparent approach to controls assurance, while remaining independent.
- Ensure that executive and senior management in the businesses and functions are advised of actionable insights and trends stemming from assurance reviews.

**Typical Targets and Measures**
- Effective stakeholder management, ensuring constructive and transparent assurance outcomes.
- Outputs (presentation decks, papers, reports