Omanis and GCC Nationals only will be considered for this role. Job Profile Chief Control Officer and Head of BRCM Role acts as an independent First Line of Defence (1LOD) function that undertakes risk-
based monitoring and testing of processes to provide assurance to the management that the business is operating in line with relevant laws, regulations, principles, and HSBC Group standards and policies and to ensure that HSBC maintains effective compliance controls.
He also performs deep-dive and thematic reviews on issues and opportunities and / or strategic change.The nature of the role requires close working contact with Operational Risk, SFR, Audit and Compliance.
The jobholder has to possess good knowledge on banking regulations and operations, and audit and control concepts in order to develop a set of effective standard guidelines that can be implemented.
In addition, the jobholder is expected to be organized and to act independently and exercise broad discretion with minimal guidance and supervision.
The importance of operational risk and control has increased over recent years and has the potential to be an influential value added service available to senior management.
Jobholder’s ability in identifying major risk areas and key control weaknesses poses significant impact on businesses in meeting their strategic objectivesThe jobholder is responsible for ensuring that audit reports and findings are managed in accordance with the closure process, Global Standard, AML & Sanctions LoBPs and FIM’s requirement.
Roles and Responsibilities
Monitoring and managing 2 / 3 LoD reviews and validation of issues closure across the 3LoD.
The RBWM liaison for all CBO and Internal Audit issues.
Manage and follow up on all open issues related to the business and send regular updates to management team with clear guidelines on actions required.
Follow up and conduct regular meetings with issues & actions owners to ensure that all closed on a timely manner and no overdue.
Maintain working relationship with key stakeholders including regulatory and industry developments and any changes to procedures and practices.
Track and follow-up actions identified as a result of monitoring and review work and escalate when necessary.
Attending different regioanl and local managment meetings and follow up meetings.
Work on regulatory gap analysis and projects assigned by Line Manager orManagment team.
Principal Accountabilities : key activities and decision making areas Impact on the Business / Function
Maintain an effective operational risk framework in the Business as first line of defense, in line with Group Standards and local regulatory requirements.
Assess and report on the adequacy of operational risk and internal control environment across the Business.
To protect the good reputation of HSBC Group and to comply with both, letter and spirit, of all relevant laws, codes, rules, regulations and standards of good market practice and maintain highest standards of conduct at all times.
Customers / Stakeholders
Connected - establish excellent communications with branches, 2 / 3LoD and other stakeholders locally and MENA.
Open seek feedback and new ideas from colleague superiors and stakeholders.
Dependable ensure that work is completed as per the bank standard and met the specified target dates.
Ensure that local management fully considers and effectively manages operational risk in accordance with established policies and procedures
Leadership and Teamwork
Utilize resources and infrastructure adequately to support the management of operational risk & internal control across the Country.
Support activity through the establishment and maintenance of standard guidelines and best practice within the Country relating to the management of operational risk and internal control.
Contribute to the establishment a strong governance model.
Knowledge and Experience / Qualifications
Banking experience with an understanding of banking activities, products, processes and systems.
An understanding of other areas of risk areas and knowledge of regulatory environment in the financial services sector.
Exposure to an operations and a control environment, such as audit or compliance preferred.
Able to conceptualize the operational impact of business change.
Strong communication, presentation and influencing skills and ability to understand complex concepts.
Understanding of modeling techniques and analytics in respect of Operational Risk.
Able to cope with pressure and tight deadlines.