Head of Calculation Compliance

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Finance is integral to HSBC’s purpose and strategy, playing a valued role in managing costs and deploying capital in the most effective way. Our global team of finance professionals partner with the business to provide trusted insights and forward-looking analysis, accuracy, efficiency, and control to frame and influence business decisions.

A Calculation Compliance function is being established in the Global Finance Non-Financial Risk NFR team that will perform independent assessments for the compliance of non-model calculators (NMCs) with relevant regulatory rules, instructions and interpretations.

The Calculation Compliance function will deliver a high quality, formalised and ongoing assessment capability in order to provide sufficient comfort to management that non-conformance is detected on a timely basis as part of the First Line of Defence.

As an HSBC employee in the UK, you will have access to tailored professional development opportunities and a competitive pay and benefits package. This includes private healthcare for all UK-based employees, enhanced maternity and adoption pay and support when you return to work, and a contributory pension scheme with a generous employer contribution.

We are currently seeking an individual to join Finance in the role of Head of Calculation Compliance.

The Head of Calculation Compliance role is pivotal to ensuring that the bank has a clear understanding of its compliance with the calculation rules across prioritised regulatory reports and regulators.

In this role, you will lead the assessment of compliance for the most complex and material calculators used in the Group’s reporting processes with the underlying Regulatory Rules and Instructions.

This is a senior role in Finance with exposure to the Finance leadership team through setting out findings that will provide transparency of adherence with Regulatory Reporting rules and the remediation actions.

This is a new team, and responsibilities will include:

* Design and maintain a comprehensive Calculation Compliance Assessment Framework with clear roles and responsibilities
* Deliver formal Assessment Reports setting out any areas of non-compliance together with the agreed remediation plans
* Identify opportunities for control improvements from the read-across of non-compliance findings
* Manage the review and agreement of non-compliance findings with the relevant owner
* Build a team of high quality Calculation Compliance Assessors with the right skills, knowledge and support to assess compliance with the regulatory rules

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

* Extensive knowledge of current regulatory rules, ideally complemented by knowledge of HSBC systems and processes
* Understanding of the Regulatory Reporting frameworks for key regulators
* Significant regulatory reporting experience, ideally in both a Policy and a Reporting context
* The ability to communicate complex matters in a clear and concise way to senior stakeholders
* Team Management skills to build and grow a high performing team

The base location for this role will be either Birmingham or London and with a hybrid working pattern.

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