AVP, Non-Financial Risk (NFR)

Some careers shine 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 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.

Why join us?

Some careers have more impact 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. 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. We are currently seeking an experienced professional to join our Global Research (GR) team based in Bangalore in the role ofsupporting COO and Control Office functions.
• About us: HSBC is one of the largest banking and financial services organisations in the world, with operations in 62 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.
• Global Research overview: Delivering high-quality research and analysis to investors around the world, the HSBC Global Research (“Research”) team covers economics, currencies, equities, fixed income and climate change to help our clients best navigate and make sense of turbulent global financial markets. HSBC Research has a deep background in emerging and developed markets, collaborating across the asset classes in key economies and industries at the centre of today's disruption. Research offers independent and in-depth coverage on a range of asset classes supported by sound analysis with the products distributed through multiple platforms and formats. Research enables clients in understanding the big events unfolding today and their investment implications with special emphasis on nine big themes: Automation, Demographics, Digital Finance, Disruptive Technology, Energy Transition, Future Cities, Future Consumer, Future Transport and Lower for Longer. Together with its expertise in Data Science, Climate Change, and ESG, the themes provide a lens to view and understand this fast changing world.

Opportunity

• The Business Management – Risk and Controls (CCO support function) in Bangalore is an extension of the GR COO Office. It plays an important role in partnering with senior management in embedding, remediation and improvement of the control environment in respect of key risks to the Global Research business, including the testing and assurance requirements of the Group Operational Risk Management Framework. The role will deliver on control related priorities in a well-organized, effective, and collaborative manner.
• The role holder would support the Control Office in execution of an effective risk management program with primary responsibilities of supporting, including not limited to, Supervisory, Assurance, Administration of Risk Systems, Governance and Control Process, Reviews and Due Diligence, Control MI, etc., contributing to the control effectiveness. The position includes responsibilities related to a variety of risk categories and related areas such as operational and resilience risk, business continuity, audit remediation, compliance, regulatory adherence, and information security.

What you’ll do:

• Lead and manage Supervisory responsibilities in order to ensure clear accountability and oversight of overall risks and controls within the Control Office.
• Assist in the development of testing scripts for the review of Research owned controls as part of Thematic reviews.
• Execute plan to evaluate the design and test the effectiveness of key controls within area of responsibility including but not limited to operational risk and specific regulations including Conflicts of Interest, Information control and security risk, Data governance etc.
• Gain good understanding of the Helios, the Non-financial risk aggregation and reporting platform
• Demonstrate an understanding of Global Research business and requirements as detailed in Global Research Desk Instruction Manual (DIM) and applicable policies from the Functional Instruction Manuals (FIM)
• Help implement and support a plan to achieve risk management goals of the business/function, including control testing, monitoring and reporting requirements, identifying issues and remediation actions, events reporting and management
• Conduct risk assessments and ensure risks are mitigated and fall within risk appetite and threshold
• Sufficiently document testing details and results utilizing internal control testing methodologies
• Based on the activities in the area under review, identify key areas of risk or concern
• Report results of control testing, identify trends, and escalate issues to onshore management
• Work with onshore staff in remediation of any breaches in risk management
• Assist onshore staff in conducting risk assessment certification/sign off by business/function
• Assist in the timely remediation of issues, including internal and external audit observations and regulatory findings
• Document and monitor progress of remedial actions for issues
• Ensure documented procedures and guides remain current and are aligned to the processes taking place
• Exhibit solid time management to complete reviews scheduled in a timely manner
• Actively participate in business control and other governance committees where nominated with appropriate discharge of the assigned responsibilities