September 3, 2024

HSBC

New York

FULL TIME

Head of Surveillance, US & Americas

Job description

Our purpose – Opening up a world of opportunity – explains why we exist. Here at HSBC we use our unique expertise, capabilities, breadth and perspectives to open up new kinds of opportunity for our more than 40 million customers. We’re bringing together the people, ideas and capital that nurture progress and growth, helping to create a better world – for our customers, our people, our investors, our communities and the planet we all share.

The Head of Surveillance, US & Americas will be responsible for managing the overall Surveillance program across all three US business lines (Markets and Securities Services; Wholesale Banking; and Wealth & Private Banking). The program consists of Trade, Electronic Communications, Voice, and Unauthorized Trading Surveillance activities. This is a pivotal management role which will ensure output, governance and connectivity remains at a high standard. The role-holder must be a clear, confident and impact conscious communicator, as there will be interactions with HSBC Senior Management and Regulators.

As our Head of Surveillance, US & Americas you will:

Maintain an effective surveillance risk management program, the output of which are fit for purpose and effective
Assists management and the line of business Compliance Officers in identifying and containing compliance risk, monitoring, reporting, and certification, fostering a compliance culture and optimizing relations with Regulators
Develop strong relationships with all lines of defense and global surveillance colleagues: Senior Management, Audit, Front/Middle/Back Office, Operations, Compliance Advisory, Change Management, and IT
Understand areas of existing, new or emerging areas of risk for each business line and analyze any effect on the surveillance program
Strong interpersonal skills with the ability to communicate effectively with both Compliance and stakeholders
Maintain the HSBC internal control standards including the timely implementation of internal and external audit points, together with any issues raised by external regulators
Develop cases for the prioritization of Regional requirements within the global book of work and influence global stakeholders to ensure understanding and acceptance of these requirements
Work with the relevant business lines on high profile projects to ensure that the regulatory demands of those projects are met
Reassess the operational risks associated with the role and inherent risk in the businesses, taking account of changing economic or market conditions, legal and regulatory requirements, operating procedures and practices, management restructurings, and the impact of new technology
Respond to many demanding regulator-driven requirements (across various jurisdictions), whilst transforming the program to become even more effective and efficient

For this role, HSBC targets a pay range between $240,000.00 and $320,000.00

The final fixed pay offer will depend on the candidate and a number of variables, including but not limited to, role responsibilities, skill set, depth of experience and education, licensing/certification requirements, internal relativity, and specific work location.
At HSBC, our overall goal is to provide a competitive Total Reward Package, with an appropriate mix of fixed pay, and variable pay, as part of an employee’s overall total compensation and benefits. Variable pay generally takes the form of discretionary, annual awards (sometimes referred to as a “bonus”). Additionally, HSBC offers a wide range of competitive and flexible benefits designed to help you improve your health and well-being, finances, and lifestyle.

Requirements

You´ll likely have the following qualifications to succeed in this role:

Detailed knowledge of US Market Abuse regulations and related surveillance expectations is essential
Seasoned professional from the global financial services industry with a strong Compliance background
Expert knowledge of cross business line products, with practical experience in relevant products or businesses
Proven ability to manage and articulate challenging messages with global business stakeholders
Experience building and maintaining relationships with senior employees and representing senior leadership externally
Ability to clearly articulate business and regulatory implications of analysis and findings
Proven ability to manage in various geographic locations
Ability to proactively evaluate global regulatory change / developments and react accordingly to keep the bank safe
Evidence of collaboration with key stakeholder functions as well as providing credible challenge to the business/desk supervisors in their daily risk management

In compliance with applicable laws, HSBC is committed to employing only those who are authorized to work in the U.S. Applicants must be legally authorized to work in the U.S. as HSBC will not engage in immigration sponsorship for this position.

As an HSBC employee, you will have access to tailored professional development opportunities to ensure you have the right skills for today and tomorrow. We offer a competitive pay and benefits package including a robust Wellness Hub, all in a welcoming, diverse and inclusive work environment. You will be empowered to drive HSBC’s engagement with the communities we serve through an industry-leading volunteerism policy, a generous matching gift program, and a comprehensive program of immersive Sustainability and Climate Change Initiatives. You’ll want to join our Employee Resource Groups as they play a central part in life at HSBC, including the development of our employees and networking inside and outside of HSBC. We value difference. We succeed together. We take responsibility. We get it done. And we want you to help us build the bank of the future!

All qualified applicants will receive consideration for employment without regard to age, ancestry, color, race, national origin, ethnicity, disability or medical condition, genetic information, military or veteran service, religion, creed, sex, gender, pregnancy, childbirth, caregiver status, marital status, citizenship or immigration status, sexual orientation, gender identity or expression or any other trait protected by applicable law.