Assistant Manager - Markets & Securities Services Compliance - Research

Role Title:Assistant Manager - Markets & Securities Services Compliance - Research

Business:Compliance

New or Existing Role: New

Grade: GCB5

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The Global and Regional Regulatory and Financial Crime Markets and Securities Services Compliance team provides independent oversight and challenge of risk management practices across the Securities Services businesses, to obtain reasonable assurance that they are operating in line with relevant laws, regulations, codes and HSBC Group Standards.

We are currently seeking an ambitious individual to join our team as Assistant Manager - Markets & Securities Services Compliance – Research, working together with colleagues to define, manage and achieve divisional business targets.

Role purpose:

The position is a functional compliance role in support of Global Research reporting to and working with the Head of Global Research Compliance. The role involves a combination of delivery and advisory requirements including (but not limited to) monitoring analyst activities, research clearance, gatekeeping/ chaperoning analyst contact with banking side personnel, aspects of licensing, training, media and access approvals under the direction of Head of Global Research Compliance whom will provide all requisite on the job training. Key skill development will be focus on the ability to take commercial decisions/ assessments mindful of both legal and reputational risks.

Form part of the Global Research Regulatory Compliance team that provides independent oversight and challenge of risk management practices across the Global Research businesses, Global Functions and / or jurisdictions within the second line of defence to obtain reasonable assurance that they are operating in line with relevant laws, regulations, codes and HSBC Group Standards.

Act as the SME for Research Compliance to drive the global and regional approach in challenge, guidance, support and interpretation to the Global Research businesses, Global Functions and / or jurisdictions; co-ordinate with equivalent counterparts in other compliance teams to ensure a consistent, best practice and ‘joined-up’ approach.

In this role, you will:

• Manage daily multiple requests from various Departments of the bank to access our analysts, ensuring this occurs in a compliant fashion.
• Ensure these regular requests are handled in a compliant fashion
• Ensure all discussions (and written communications) between bankers and our analysts are chaperoned to protect research independence, to keep our analysts from being potentially tainted with MNPI, and to generally act as a product manager for each deal from a Research Perspective
• Manage the vetting and Investor Education (pre-deal) report generation cycle - including managing expectations and ensuring compliant interactions with ECM/DCM and Investment Banking - monitor all deal related emails between bankers and research.
• Maintain deal status communications with ECM (regular) and DCM (irregular at present)
• Be responsible for reviewing Research Guidelines and liaising with Deal Counsel
• Oversee the monitoring (all Symphony chat, Regional Sales/ Trading group emails, Research Bloomberg and evidential spot checking individual email) for inappropriate content
• Approve Regulated Activity licenses from a Fit and Proper person perspective - as well as compiling all required supporting materials to instruct HR to liaise with the regulator. Liaise with HR to manage departure requirements.
• Monitor all research related issues in the region/country liaising with local compliance staff and local research management and analysts.
• Assess whether training undertaken by licensed analysts qualifies for CPT approval and liaise with Training and Development in this regard
• Clear research - at present as primary resource to do this more often than not, mindful of local and global legal risk, reputational risk, MNPI and insider dealing considerations
• Escalate all appropriate issues to compliance locally and globally and manage the local mitigation approaches to risk.
• Liaise with compliance for Global Markets and Global Banking regularly as appropriate on issues (e.g.: checking trading history)

The major challenges of this role are:

• To understand and ensure compliance with all relevant internal and external rules, regulations, procedures and Group Standards that apply to the conduct of the business in the business areas covered.
• Having the ability to support decisions with sound reasoning. Ability to clearly articulate business and regulatory implications of analysis and findings.
• Being responsible for guiding and instructing relevant colleagues on cost controls while assuring quality and adherence to external regulatory standards
• To provide the business with clear challenge, analysis, decisions and guidance in relation to business proposals, transactions and plans in the context of regulatory rules and regulatory change.
• To keep abreast of regulatory developments and anticipating changes in order to ensure accuracy of advice provided to the business.
• To deliver on a programme of training for relevant businesses in accordance with Research Compliance and business training requirements.

Qualifications

To be successful in the role, you should meet the following requirements:

• Demonstrate experience in either Research Advisory, Control Room, IB compliance or Markets compliance ;
• Have investigative and regulatory supervisory skills to undertake reviews of specific business activities and conduct.
• Have the ambition to enhance compliance knowledge and skills in a rapidly changing and dynamic Markets environment.
• Be able to work across all levels of the organisation to understand cross-functional linkages and interdependencies, as well as the implications of Compliance risk at both a strategic level and at the business unit level.
• Demonstrate excellent interpersonal, communication and influencing skills and confidence to deal with senior and executive level staff to defend guidance, sell the benefits of Compliance risk management and challenge their operating environment

You’ll achieve more when you join HSBC.

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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.