Country Head of Monitoring, Compliance
High Risk Role
Within HSBC certain roles are designated as High Risk Roles. High Risk Roles are those where employee malpractice could lead to significant financial and/or reputational damage through internal fraud, data loss, bribery or the leaking of confidential information. For these roles, all internal and external applicants are required to undergo a range of enhanced security/background checks as part of the pre-employment vetting process.This role has been designated as a High Risk role and any candidate hired into this role would be subject to this vetting. In the event that you are short-listed for this role, further details are available from the HSBC Recruitment team on our enhanced security/background checking processes.
Role Purpose
To manage a team of Financial Crime Compliance Monitoring specialists. The team will carry out independent monitoring activities across the following business lines in Oman GBM, CMB, RBWM,GPB in order to obtain reasonable assurance that the business is operating in line with relevant laws, regulations, codes and HSBC Group Standards within Financial Crime Compliance.
Principal Accountabilities
Impact on the Business
To manage a team of FCC/RC Compliance Monitoring specialists across the following business lines in Oman - GBM, CMB, RBWM,GPB.
To test the adequacy of controls in place within the business and to identify potential and actual breaches.
To escalate regulatory breaches to business and FCC compliance Senior Management in order that appropriate action can be undertaken to rectify.
To manage the Compliance Risk Assessment process across different business lines on an ongoing basis and obtain business sign-off.
To manage the production, delivery and completion of compliance monitoring plans to include continuous, periodic and themed reviews.
Evaluating and addressing the allocation of monitoring resource on an ongoing basis to ensure completion of the FCC/RC compliance monitoring plan.
To oversee production and issue Monitoring Reports and MI to both Business and Senior Management.
Customers / Stakeholders
Head of FCC/RC Compliance across all business lines and functions
Leadership Teamwork
Proven ability in team leadership and strong people management.
Operational Effectiveness Control
Ability to support decisions with sound reasoning. Ability to clearly articulate business and regulatory implications of analysis and findings.
To work in a methodical manner.
Excellent analytical skills.
Robust and timely record keeping, evidencing monitoring activities undertaken and action taken
Role Context
The jobholder will be required to lead and manage Oman team of compliance monitoring specialists covering all business lines. In order to meet regulatory expectations and to provide Senior Management with up to date information regarding standards of compliance with applicable rules, a key objective of the role, will be to ensure the annual compliance monitoring plan is delivered on time.
Knowledge Experience / Qualifications
Significant compliance or possibly relevant audit / risk experience covering a wide range of business areas.
Knowledge of key current regulatory change initiatives and their impacts on the businesses. To include (but not limited to); Dodd Frank, RDR, AIMFD, short-selling regulation.
Proven ability in leading a large team and strong people management.
An excellent understanding of the regulatory environment and expectations, interpretation of FSA rules and guidance together with and other relevant regulations, codes and HSBC Group Standards.
Strong interpersonal skills with the ability to communicate effectively with both Compliance and Business Senior Management.
Ability to support decisions with sound reasoning. Ability to clearly articulate business and regulatory implications of analysis and findings.
Highly motivated self starter with proven ability to work collaboratively within teams and to deliver on time.
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