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.
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 Assistant Vice President Tax Transparency Risk Stewardship CoE - FC AML TAX GZ
Principal responsibilities
To ensure, as a risk steward, HSBC’s compliance with and pro-active risk management of tax transparency setting policy and executing oversight and challenge.
To work closely with colleagues in Risk & Compliance to ensure the development and embedding of a consistent strategy and approach to Tax Transparency Risk Management and mitigation, aligned with the strategy and approach applied to all other areas of Financial Crime.
To observe Tax Transparency related regulations and legislation implementing in line with Group polices and risk appetite. Perform a gap analysis against Group procedures and practices producing addenda as required.
To advise on the procedures and practices overseeing the implementation, in line with Group tax transparency policies and risk appetite.
To enable satisfactory resolution of areas of dispute, arbitrating between the conflicting requirements as necessary and providing consistency in resolution.
To embed and subsequently manage the BAU customer tax transparency escalation/case advisory activity within FC.
To produce periodic reports or supporting documentation for relevant Group / Regional governance committees or working groups including, but not limited to commentary for Risk Maps, Top and Emerging Risk Reports and Control Effectiveness Reports.
To collate content for, produce and distribute the Group / Regional FC materials and communications relating to Tax Transparency such as newsletters or bulletins.
To assist in administration of the Group / Regional FC Risk Education and Awareness Programme for Tax Transparency.
To support the Global / Regional Tax Transparency FC Risk Stewards, provide oversight of controls to effectively challenge risks or control outcomes through analysis and review of Issue Management, L1 and L2 Controls, Inherent and Residual risks. Ensure overdue issues and actions are communicated to the relevant stakeholders as per guidance
To perform read across of 2/3 LOD review reports and prepare read across actions for risk stewards for further disbursement. Update summary documents ( eg. Audit Summary matrix ) for Audit reports to ensure themes can be identified.
Ability to translate MI of existing 1LoD controls into summaries for 2LoD Risk Stewards to highlight potential gaps, enhancements, or expansions to the Bank's overall Risk coverage.
To prepare and design governance packs to facilitate and include the key data elements required to understand the control environment of Tax Transparency.
To co-ordinate and manage projects (where applicable).
Enable in reviewing the change initiatives driven at the market level
To monitor issues management from a wide range of sources, including MSII’s, Audit Reports, Assurance reporting and where available, Monitor reviews. The monitoring of key controls and 1LoD performance through ‘heat maps’ is an essential ask of the Risk Steward. The role would be directly responsible for the ongoing monitoring, analysis, coordination (with 1LoD) and escalation of risks and failure points as identified by such heatmaps.
To enable the team with generating of reports which include KPI / KRI metrics and associated trend analysis on a monthly basis.
Oversight and challenge of the use and adoption of NFRO / RMF deliverables and standards to ensure they are embedded and effective across FC.
Experience in Financial Crime Risk management advisory or similar Risk function is preferred.
Knowledge of Tax Transparency risks in the financial services industry.
Working experience of how Tax Transparency control mitigates FC Risk and the various underpinning activities.
Understanding of how controls address the underlying FC Risk and associated aspects forming the overall Risk Management framework.
Candidate with less relevant experience or skills may be offered a lower Global Career Band than stated above.
Due to the urgent hiring need, candidates with immediate right to work locally and no relocation need will be prioritised.
You’ll achieve more when you join HSBC.
HSBC is committed to building a culture where all employees are valued, respected and opinions count. We take pride in providing a workplace that fosters continuous professional development, flexible working and opportunities to grow within an inclusive and diverse environment. Personal data held by the Bank relating to employment applications will be used in accordance with our Privacy Statement, which is available on our website.
