Manager - RCR - Controls Assurance - RCAS - GSC

Job Description

Some careers brighter than others.If you?re looking for a career that will help you stand out, join HSBC and fulfil your potential. 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.HSBC is one of the largest banking and financial services organisations 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 realise their ambitions.We are currently seeking an experienced professional to join our team in the role of Manager - Control Assurance - Retail Credit RiskWhy join us:The Group?s Risk Management Framework (RMF) requires independent Second Line Assurance of the management of material risks and controls across HSBC?s non-financial and financial risk taxonomies. The Risk 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 assuring the risk management of critical business processes and specified non-financial and financial risks across the Group, principally by testing mitigating controls. This is achieved by building out a centralised offshore capability that will deliver agile, insightful, and cost-efficient assurance. CA also provides a resource augmentation service to other assurance teams within the Bank, becoming a vehicle to effectively manage assurance costs and resources. Also, CA works together with the RCAS Automation and Analytics team to develop, test and deploy their Continuous Assurance objectives.CA provides assurance across various Non-Financial and Financial Risks within all HSBC territories and divisions. These include, to differing extents, Operational and Resilience Risk (ORR), Model Risk, Wholesale Credit Risk (WCR), Retail Credit Risk (RCR), Insurance Risk, Financial Crime Risk (FCR) and Regulatory Compliance (RC) Risk. Specifically, CA has a mandate to provide the following key assurance services:

• 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
• 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 ? Temporarily providing staff to non-RCAS assurance teams to support their assurance activities
• Work in alignment to the Integrated Assurance Framework (IAF)

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 coveredThis role will report into the VP or AVP of Controls Assurance, RCAS (GSC Country location name) and will be responsible for delivering assessments of key control activities of RCR areas, in accordance with CA procedures and the assessment plan.The role holder will be required to support the VP/AVP, CA (GSC CTU Location Name) in leading or working with a team to assess the effectiveness of assigned controls relating to RCR in identifying and raising issues where control gaps lead to material unaddressed risks.ÿThe Opportunity:At a high level, the role holder will be responsible for the following:

• Map processes of assigned controls and identify the main control components within that end-to-end process.
• Document distinct control types, covering key aspects, such as remit, main processes, and handovers to other teams.
• Evaluate assigned controls for operating effectiveness, document results and raise issues as appropriate.
• Assist the VP/AVP in the delivery of assigned control assessments and ensure that assigned control assessments are accurate, effective, abide by CA procedures and templates, and meet quality control requirements.
• Ensure that assigned control assessments are delivered on time, in accordance with the CA assessment plan.
• Evaluate the root cause analysis for all material issues and remediation plans in places to ensure that they are sufficient and fit-for-purpose.
• Perform issue closure validation to ensure risks are sustainably remediated by First Line of Defence.
• Support the VPs/AVPs (location name) as required, including creating customised testing methodology and testing templates.
• As required, on a rotating basis, support regional Compliance Assurance teams to execute their assurance obligations through remote execution of local reviews and in line with standards set by the CA team commissioning the work (staff augmentation).

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