Role Purpose: - The Group's regulators require the Risk and Compliance function to assess the adequacy of the firm's controls, processes, procedures and resulting outcomes to manage risk. This responsibility is met by the Risk and Compliance Assurance Services (RCAS) function. - RCAS is at the forefront of delivering innovative assurance solutions for and on behalf of HSBC's 2nd line of Defence Assurance teams and Risk Stewards. Our industry leading senior management team supported by our specialist Centres of Excellence (CoE) will deliver an Assurance proposition that unlocks value for the Group, strengthens our control environment and delivers sustainable success - Controls Assurance (CA) is a sub-function within RCAS and is responsible for managing the assurance of key controls of critical business processes and specified non-financial and financial risks across the Group. In addition, Controls Assurance also works hand-in-hand with Automation and Analytics to develop, test and deploy their Continuous Assurance objectives. - Controls Assurance is data enabled assurance function that uses analytics in providing opportunity to test controls in efficient and effective ways. It covers all Financial Crime (FC), Regulatory Compliance (RC) risk taxonomies (AML, Sanctions, Anti-Bribery & Corruption and Fraud) and Operation and Resilience risk (ORR) across all businesses, functions and geographies of the Group. The division assesses, on an end-to-end basis where possible, the effectiveness of controls embedded in the first line of defence and those operated by the second line on their behalf, and represents an integrated part of the function in discharging its assurance responsibilities. - The role will be responsible for delivering assessments of assigned controls, in accordance with Controls Assurance procedures and the assessment plan. - The role holder will be required to support the VPs/AVPs of CTU (location name) in assessing the effectiveness of assigned FC, RC, ORR or IT controls, identifying and raising issues where control gaps lead to material unaddressed risks. At a high level, the role holder will be responsible for the following: 1. Map processes of assigned controls and identify the main control components within that end-to-end process. 2. Document distinct control types, covering key aspects, such as remit, main processes and handovers to other teams. 3. Evaluate assigned controls for operating effectiveness, document results and raise issues as appropriate. 4. 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. 5. Ensure that assigned control assessments are delivered on time, in accordance with the CA assessment plan. 6. Identify activities that operate without a key control defined and the risk associated with such activities. 7. Evaluate the root cause analysis for all material issues and remediation plans in places to ensure that they are sufficient and fit-for-purpose. 8. Perform issue closure validation to ensure risks are sustainably remediated by First Line of Defence. 9. Support the VPs/AVPs as required, including creating customised testing methodology and testing templates. 10. Effectively communicate with local stakeholders during the process of review work. - Principal Accountabilities: Key activities and decision making areas - Impact on the Business - Ensure the accurate, efficient and timely completion of independent FC / RC/ ORR control assessments. - Ensure the quality of work delivered are up-to-standard and ensure compliance with global template, procedure and quality requirements. - Understand and document the remit, process composition and team handovers of relevant controls. - Identify key emerging trends and themes in relation to FC / RC/ ORR risks to inform the CA assessment plan and the continuous development of CA methodology and procedures. Knowledge & Experience / Qualifications (For the role - not the role holder. Minimum requirements of the role.) : - Minimum of 2 years proven experience in financial services compliance, testing, audit and/or legal management experience or equivalent. - Working knowledge of financial crime / regulatory compliance and/or Resilience risk with an aptitude to develop this understanding in good time, and knowledge of relevant regional laws, regulations and the overall regulatory environment preferred. - Demonstrable knowledge in operational risk management, internal control, or internal audit preferably within a banking and / or IT Function - CRISK, ACA, ACCA or equivalent qualified - Minimum Bachelor's degree in related field such as business, finance, law, IT or equivalent experience. - Proven ability to multi-task and working independently under pressure to tight deadlines in a challenging and fluid environment. - Experience of process mapping and delivering professional reports and presentations gained within a financial services organisation or audit/consulting practice. - Awareness of good risk management and governance frameworks including 3 lines of defence criteria - Understanding of the activities of relevant business lines and associated compliance risks. - Strong interpersonal skills with the ability to communicate effectively and to engage with HSBC staff within the functions. - Ability to foster relationships whilst providing adequate challenge and effecting change. - Experience utilising assurance automation and analytics tools preferred. - Fluent in both oral and written English. - Proficient with Microsoft Office.

Hyderabad

Bangalore

Gurgaon/Gurugram

AVP - Risk & Compliance Assurance Services 

AVP - Risk & Compliance Assurance Services  ,Job Description for AVP - Risk & Compliance Assurance Services  in Allegis Global Solutions in  Hyderabad Bangalore Gurgaon/Gurugram for (3-6) years of experience. Apply Now!

Job Description for AVP - Risk & Compliance Assurance Services  in Allegis Global Solutions in  Hyderabad Bangalore Gurgaon/Gurugram for (3-6) years of experience. Apply Now!