Senior Vice President Specialized Compliance

See Job Description Make the Right Move and join a winning team! Build your career with us. HSBC - North America is a part of HSBC Group, one of the largest banking and financial service organizations in the world. Our domestic strength and extensive global network provides our employees with the best of both worlds - the friendliness of a local organization and the resources of a worldwide network - for diverse experiences and challenging career opportunities. -a Directs multiple, specialized compliance functions for the largest and most complex businesses in North America. Provide management direction to assigned specialized compliance functions for major business groups of the largest and/or most complex nature in the Company. Ensure adherence to the Company• Ts Compliance Officer and Money Laundering Control Officer handbooks. Oversee the identification and reporting of all significant regulatory compliance breaches or gaps; work with legal and business management to design and implement changes to business policies and procedures, as appropriate. Provide strong oversight over all regulatory and compliance matters and internal controls, including the management of operational risk, for assigned area. Develop external contacts among industry peer groups to determine/validate that the Company is following and instrumental in developing industry best practice. Lead and develop an effective team through communication, performance management, development plans and reward/recognition practices. Cultivate an environment that supports diversity and reflects the HSBC brand.  -a Provide management direction to foster effective selection, development and reward of subordinates while contributing to initiatives in support of the Company• Ts Diversity programs. Complete other related duties as assigned and provide management direction to foster effective selection, development and reward of subordinates while contributing to initiatives in support of the Company• Ts Diversity programs. Complete other responsibilities, as assigned. Assist senior executives in identifying and containing compliance risk, monitoring and fostering a compliance culture. Work with management in the development and enhancement of products to ensure compliance with applicable laws and regulations; coordinate development and maintenance of supporting policies, procedures, agreements and contracts. Serve as liaison for assigned businesses to foster good working relationships with internal audit and regulatory agencies affecting assigned business(es). Ensure appropriate accommodations for examiners, facilitate information requests and meetings, participate in exit interviews and coordinate management responses to examination findings. Maintain awareness of major regulatory changes affecting assigned business(es); ensure appropriate communication and development of appropriate policy/procedure changes to remain compliant. To discharge the accountabilities set out in the Legal and Compliance FIM by pro-actively assisting management in identifying and containing compliance risk, monitoring, reporting and certification, fostering a compliance culture and optimizing relations with regulators.  -a Positions designated as • ospecialized compliance?? are typically focused on multiple major lines of specialized businesses within a financial institution (i.e. CIB&M, wealth management, private banking, anti money laundering, brokerage, etc.). Many of the businesses entail the highest degree of regulatory compliance and reputational risk, particularly with respect to risks arising out of non-compliance with extensive and complex regulations. Failure to comply with these regulations would have significant negative effects on relations with regulators, the reputation of the Company with the public and result in regulatory impediments to mergers and acquisitions and significant regulatory sanctions, including regulatory fines of material amounts. The position directs compliance activities for the largest and/or most complex businesses in North America and is considered the most senior compliance position within the business unit and/or function. The position routinely interacts with senior management for assigned businesses, division and country executives, other Group senior managers, regional and local compliance functions, peers throughout the organization and senior examination officials conducting regulatory examinations. Significant travel can be required, as appropriate.  -a Private Banking Compliance  -a Oversees General/AML compliance functions that support domestic and international banking businesses based in New York, Miami, California, Bermuda and the Cayman Islands with bank representative offices located in South America. Responsible for overall program or compliance discipline, including substantive regulations, laws and HSBC policies, initiating and overseeing projects with regulatory or substantial business impact, relationships with senior management, active leadership of change, finalizing compliance reports, and staff development.  -a Wealth Management Services  -a Oversees General compliance functions that support domestic and international private banking businesses based in New York, Miami, California, Bermuda and the Cayman Islands with bank representative offices located in South America. Business activities include, provision of banking services (deposit and lending services that are specifically tailored to meet individual client needs), custody and fiduciary services including estate planning, trust (onshore and offshore), brokerage services (also covers GLBA securities push-out), mutual funds, emerging markets securities, alternative investments (private equity, private placements, hedge funds and structured products). Tax advisory services are offered through Wealth & Tax Advisory Services.  -a Oversees compliance functions supporting HSBC Securities Services (Corporate Trust business activities and HSBC Alternative Fund Services) and Retirement Financial Services.  -a Government and Institutional Banking (Embassy Banking)  -a Overseas the general and anti-money laundering compliance functions that support the embassy banking business. Embassy banking is one of the highest risk businesses within HSBC from an anti-money laundering perspective. It has been subject to regular (quarterly) examinations by the OCC. Maintain constant awareness of AML regulatory trends and industry issues and constantly upgrade program to address risk.  -a -a Ensure employees apply compliance, operational risk controls in accordance with HSBC or regulatory standards and policies; and optimize relations with regulators by addressing any issues. Promote an environment that supports diversity and reflects the HSBC brand. Maintains HSBC internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators. To implement the Group Compliance policy locally by managing compliance risk in liaison with the Head of Group Compliance, Regional Compliance Officer, Area Compliance Officer or Local Compliance Officer, ensuring adequate compliance resources are in place and training is provided, fostering a compliance culture and optimizing relations with regulators.  -a Basic Qualifications: -a  Minimum of a Bachelor• Ts degree in business, related field or equivalent experience; Master• Ts degree and/or Juris Doctorate (JD) preferred  Minimum of fourteen years proven and progressive financial services operations, compliance and/or legal management experience, or equivalent  Well-developed managerial, communications, negotiation, analytical, organizational, project management and strategic and/or operational planning skills  Broad scope of knowledge of assigned businesses, including products, operations, systems and organization and full understanding of all significant regulatory compliance requirements applicable to assigned business(es)  Proven ability to accomplish high-level objectives in the context of annual business and compliance plans  Proficiency with personal computers and pertinent mainframe systems and software packages

Please refer to job code hsbc-83425 when responding to this ad.

Category:	Advertising/Marketing/Public Relations
	> Business Development
Location:	Washington, DC
County:	District Of Columbia County
ZIP Code:	20001
Pay Rate:	Open
Job Terms:	full time
Company:	HSBC
Phone:	email only please
Fax:	email only please