Job Details
Some careers open more doors than others.
If you’re looking for a career that will unlock new opportunities, join HSBC and experience the possibilities. Whether you want a career that could take you to the top, or simply take you in an exciting new direction, HSBC offers opportunities, support and rewards that will take you further.
Our Risk and Compliance function has a critical role to play in supporting, challenging and advising across all areas of the business through establishing policy, monitoring profiles, and identifying and managing forward-looking risk and compliance. We focus on creating an environment that encourages our people to speak up and do the right thing, as well as protecting our customers, the organisation and the integrity of the financial markets in which we operate. Already an industry-leader in many respects, we want to continue setting standards and evolving to respond to strategic changes.
As an HSBC employee in the UK, you will 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.
We are currently seeking an experienced individual to join this team in the role of Markets and Securities Services Compliance Manager.
The Markets and Securities Services (MSS) Compliance Manager will play an integral part of Regulatory Compliance and provide advice, challenge and support for elements covered by MSS Operations which primarily focuses on non-sales and trading activities particularly on Trade and Transaction Reporting. You’ll work closely with the function, business, and non-financial risk teams. This exciting role will require you to collaborate with staff in the UK and overseas and will offer you the opportunity to gain experience of a truly global business.
In this role, you will:
• Provision of second line advice and challenge and risk management practices across MSS Operations and provide oversight to monitor that the business function is operating in line with relevant laws, regulations, codes, and Group Standards.
• Provision of Compliance advice to all areas of MSS Operations function with primary coverage of relevant UK regulation that are relevant for MSS such as MIFID Trade and Transaction Reporting, Governance, Outsourcing, Data Privacy, Review of new products, Conflicts of interest and Regulatory Reporting.
• Up to date knowledge of regulatory and legislative changes and provide advice to enable the business to anticipate and implement changes and operate in a compliant and controlled manner.
• Enable delivery of new regulatory requirements or revision to existing rules and requirements (, MiFID) by partnering with regulatory change and other SMEs ensuring changes and impacts are disseminated to the appropriate businesses, functions and/or jurisdictions.
• Delivery of mandated initiatives by partnering with Entity, Regional and Group Compliance teams.
• Excellent collaborative but appropriately independent working relationships with MSS Operations staff and management to support and review control frameworks and input in governance fora.
• Provide advice and challenge to satisfy Compliance Core Risk Steward responsibilities including contribution into Compliance risk assessment, testing and monitoring program, and lead and support engagement with regulators and regulatory examinations.
To be successful in this role you should meet the following requirements:
• Experience of operating within a Regulatory Compliance/Risk or Control type role, and knowledge of MiFID Trade and Transaction Reporting requirements would be essential.
• Experience and/or a practical understanding of financial products, , foreign exchange, equities, fixed income, exchange traded derivatives, OTC derivatives.
• A good understanding of Risk: regulatory, operational, and reputational.
• Strong analytical skills with an ability to understand complex workflows paired with meticulous attention to detail.
• Excellent communication skills to clearly articulate issues and ideas and provide timely escalation.
• Experience and/or practical understanding of other areas of MSS Operations function, , collateral, confirmations, settlements, would be beneficial.
The base location for this role is London / Hybrid.
