Associate Director
HSBC
- Mumbai, Maharashtra
- Permanent
- Full-time
- Accountable to the Equities COO and Head of Equities NFR, APAC
- Collaborating with local and regional Business leads, COO’s, NFR, Compliance, Technology, Operations Legal and Finance to shape and progress nascent business, product and/or country-level development initiatives in India onshore and off-shore to onshore
- Serve as a point-person for regulatory or market changes impacting the Equities and Securities Financing (DCS) business in India.
- Lead efforts with our support, control and infrastructure functions to enhance the overall operating platform and business governance processes.
- Develop and manage the implementation of all Equity Global Markets business and operational plans and priorities, to manage delivery of the agreed strategy.
- Ensure Front to back oversight of processes within Equities and ensure that the control framework is robust and consistent.
- Responsible for ensuring strong relationship between Front office and support functions.
- Compliance with the current regulatory environment and ensuring the business keeps pace with regulatory reform
- In conjunction with Control teams and risk stewards be responsible for the overall framework and governance structures relating to Operational Risk, Control, Conduct and Global standards.
- Ensure that the business is compliant with established bank procedures and external regulation – or has a clearly articulate remediation plan in place if gaps occur.
- Manages and coordinates the remediation of identified issues (e.g. audit issues, self-identified issues, operational incidents).
- Drive solutions with internal support teams to reduce operation risk and develop a strong ‘lessons learned’ culture.
- Ensure adequate processes and procedures are in place for Business Continuity
- Ensure strong relationships with all second line of defense functions and specifically mange the objectives and interactions of the business with Finance, Operations, Risk (Market and Credit), Technology, Compliance, HR, Legal, Audit, Control Office and Communications.
- Contribute to establishing and maintaining a robust and efficient control environment for the Business, together with early identification and effective resolution or escalation of issues that arise.
- Maintain a robust and efficient control environment across the business to ensure good operational, financial and project management and compliance with HSBC policy and procedures, together with early identification and effective resolution or escalation of issues that arise.
- Contribute - together with Asia Head of NFR & Regional Equities COO - to the implementation and oversight of product and regional policy and governance frameworks, procedures, controls and standards to ensure quality, effective risk management and regulatory compliance.
- Central coordination and leadership of regulatory and control initiatives, ensuring cross-regional coordination and providing conflict resolution where necessary.
- Work with the Global Regulatory Change team to ensure change is understood and successfully passed into business as usual processes
- Ensuring that Global Market Senior Management are notified of any actions, decisions or issues that may have a material impact, whether globally or regionally.
- Defines, implements and oversees policies and key operating procedures as a basis for the business operational set-up, including front-to-back strategy and alignment of the platform.
- Drive continuous improvement of the business lifecycle, including systems, processes, and operational infrastructure
- Drives collaboration and a trust-based relationship within Equities and across HSBC’s business divisions and infrastructure units.
- Contribute to streamlining the Platform infrastructure and automate process from Front to Back
- Contribute to the continuing development, implementation and improvement of the processes, capabilities/capacity and infrastructure needed to deliver strategy goals\
- Proactively engage with all stakeholders across Business and Functions to understand requirements and identify opportunities to drive consistency and efficiency
- Apply continuous oversight on the financial performance of the business, identifying opportunities to enhance revenue growth and optimize the cost base.
- Work with the CFO to create impactful MI around scorecards business commentaries
- Ensure strong cost controls are in place over direct costs and vendor management.