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.

Project Magnus is a global reporting improvement program, covering Financial and Regulatory Reporting Risk, with primary focus on the accuracy of regulatory (non-SOX) reporting across the Americas region and Group. Project Magnus will define and implement globally-consistent control standards across end-to-end processes for the most critical regulatory reports and also uplift the regulatory reporting inventory management framework and systems, with the ultimate goal of delivering strategic, preventative and integrated control design and execution along with standardization and simplification of reporting processes, systems and data architecture.

HERE'S WHAT YOU CAN EXPECT:

As a U.S. Regulatory Reporting Process and Controls Expert, you will be responsible for documenting the regulatory processes, reviewing controls and uplifting control documentation. This role will be instrumental in the delivery of global Project Magnus objectives with primary focus on strengthening the US regulatory reporting control environment and simplifying various processes supporting our most critical regulatory reports.

• Documentation of the process flows and controls for each Regulatory Reporting Schedule, and where there is a data provider, ensure the data provider has uplifted their Risk Control Assessment (RCA) to include appropriate Regulatory Reporting Controls

• Provision of inputs and status updates to regional and/or global Project Magnus Steering Committees and US other executive meetings (e.g., US Audit Committee and US Executive Committee)

• Support of the Americas regional Magnus team with alignment of other in-flight US remediation programs with design principles and control outcomes required to meet Magnus standards

The role is part of the current Transformation program. The Transformation program is expected to continue through the end of 12/30/2024.

For this role, HSBC targets a fixed pay range between $101,700 and $152,500.

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

Employment eligibility to work with HSBC in the U.S. is required as the company will not pursue visa sponsorship for these positions.

YOU’LL LIKELY HAVE THE FOLLOWING QUALIFICATIONS TO SUCCEED IN THIS ROLE:

• You will Ideally have 5-7 years of data/process flow development and controls experience, leadership experience and/or regulatory reporting experience

• You’ll possess strong cross-functional relationships and/or be able to quickly build new relationships

• You will have experience with HSBC’s risk management framework and an Audit background are pluses

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 race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

HSBC is one of the world’s largest banking and financial services organizations. Our global businesses serve around 39 million customers worldwide through a network that covers 62 countries and territories. Our customers range from individual savers and investors to some of the world’s biggest companies, governments and international organizations. We aim to connect them to opportunities and help them to achieve their ambitions.