Head of Finance Non-Financial Risk

In compliance with applicable laws, HSBC is committed to employing only those who are authorized to work in the US. Applicants must be legally authorized to work in the U.S. as HSBC will not engage in immigration sponsorship for this position.

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The US and Americas Head of Finance NFR is responsible for ensuring the effective management of Non-Financial Risks (NFR) across the US and Americas Finance function. Finance NFRs include, but are not limited to, Financial Reporting Risk, Regulatory Reporting Risk, Model Risk, Data Risk and People Risk.

This is an important executive leadership role which will drive the enhancement of the control environment in the light of increasing regulator and Board scrutiny of our reporting and controls. Both the US and Mexico have active regulators who expect and enforce high standards of controls, in particular, with respect to Regulatory and Financial Reporting.

Key functions within the NFR team include Sarbanes-Oxley (SOX) Governance, Finance Assurance, and Targeted Transaction Testing.

The US and Americas Head of Finance NFR is specifically responsible for ensuring the adequacy of the SOX framework for HSBC USA Inc, as well as the effectiveness and assurance over the SOX controls within the US and Americas that support the HSBC Holdings plc SOX framework.

As our Head of Finance Non-Financial Risk (NFR) Americas you will:

• Manage relationships with key internal and external stakeholders. These include the US and Americas Finance Leadership Team, senior management in Global Finance, Enterprise Risk Management, Internal Audit, External Auditors and regulators

• Have significant governance responsibilities and will be required to provide insights on remediation, uplift and maintenance of the control environment, to the relevant Disclosure Committees, Audit Committees, and the US and Americas Finance Leadership Team

• Manage a team of risk management experts across multiple locations and will need to strategically manage this team to best support NFR management, including consideration of location strategy and changes to structure required to support regional priorities. The role holder is also a key leader within the broader US and Americas Finance team and is required to promote desired behaviors, appropriate tone at the top and drive a positive risk culture

The specific responsibilities of the role include:

• Provide strategic direction and support to the US and Americas Finance management team on the effective management and ongoing enhancement of the NFR risk profile of the Finance function

• Support Risk Owners in the management of all relevant NFRs. This includes providing subject matter expertise, advice, guidance for execution of Risk and Control Assessments ("RCAs"), setting appropriate Control Monitoring Plans ("CMPs"), and challenging the adequacy of existing controls

• Work with Risk Owners and other Business and Function leads to understand the impact of emerging risks or the aggregation of risks that may require changes to controls, resources and business operations to ensure they remain within appetite

• Support Control Owners to avoid poor, inefficient or excessive controls and advise on the design and implementation of control monitoring to confirm it is fit for purpose

• Support and guide management in the NFR assessment of relevant material change programs, including the setting of appropriate milestones and allocation of resource for controls related outcomes

• Oversee the delivery of the regional assurance plan in collaboration with the Group Finance Assurance team and in accordance with the plans agreed with the Financial Reporting and Tax Risk Stewards

• Lead the delivery and management of all SOX activities in the region according to Global SOX framework (and local SOX framework as applicable). Report and escalate to Group SOX for matters in relation to Group SOX compliance and through appropriate local governance for entity specific SOX compliance

• Review of Account Reconciliation Completion Certificate ("ARCC"), supporting the development of actions for thematic issues and escalations to local management

• Together with the Risk Stewards, define the Financial Reporting and Tax Risk Appetite Statements ("RAS") including key management information, and obtain approval through local governance

• Lead regional regulatory reporting-focused targeted transaction testing ("TTT") activities in coordination with the Integrity of Regulatory Reporting ("IRR") Program

Governance and Committee Attendance

The role holder will be responsible for appropriate risk management governance within Finance, and will be a key member of senior governance forums and Committees as requested by management. These include:

• Regional Finance Risk and Control Management Meeting (RCMM) – lead

• Audit Committee for HUSI – attend and present

• Disclosure Committees for HUSI - member

• Regulatory Reporting Governance Forum (RRGF) - member

• Regional Non-Financial Risk Management meetings - member

• Relevant Change Program Steercos (including the IRR Program) - member

Accountabilities for Business, Customers and Stakeholders

• The role will closely work with the regional stakeholders e.g. CFO, Financial Controller, Treasury and Business Finance teams, as well as regional Risk Stewards and NFR management teams in other functions

• The role holder will work closely with the HBEU/CIB and Group Finance NFR teams and Senior Finance Management

• Key external relationships with auditors and regulators

• Professional relationship maintained at all times with all stakeholders such that they have confidence in the views, assessments and findings of the team

• Drive standardization of operating model and consistency of approach across teams

Leadership & Teamwork

• Leadership and management of a global team and guiding them to drive effective NFR management and enhance the Finance control environment

• Collaboration across Finance, both within region and globally, with a culture of 'One Team'

•  Values diverse cultures and contributions, drives high standards of delivery in others

• Strong leadership of teams through effective communication, performance management, development plans and reward/recognition practices – all evidenced by talent development, promotion and retention

• Provide regular constructive feedback and coaching to individuals to improve their performance and support development and career progression

• Promote a culture of continuous innovation, challenge the business on approach and apply knowledge of relevant latest developments

• Embed learning and development across the team to build skills in risk management, understand changing technologies and methodologies as well as understand the operation of the different sub-functions in Finance

Others
Operational Effectiveness & Control:

• Provide support and oversight to ensure controls/procedures are designed effectively and operate robustly such that they meet internal and external audit and regulatory expectations

• Anticipate, identify and mitigate operational risk in an appropriate, cost-effective manner

• Ensure that activities and processes are embedded into the SOX and operational risk frameworks

• Continually drive standardization and effectiveness within the team, eliminating inefficiencies wherever possible

• Demonstrated using well-designed operating metrics in an efficient and transparent manner

• Audits demonstrate compliance with internal policies and procedures

Observation of Internal Controls:

• Maintains HSBC internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators

• Complies with Group Finance Functional Instruction Manuals and Group SOX requirements and enforces reporting sites' compliance with certain areas of the required internal controls

• The jobholder will also adhere to and be able to demonstrate adherence to internal controls. This will be achieved by adherence to all relevant procedures, keeping appropriate records and, where appropriate, by the timely implementation of internal and external audit points, including issues raised by external regulators

The final fixed pay offer will depend on the candidate and several variables, including but not limited to, role responsibilities, skill set, depth of experience and education, licensing/certification requirements, internal relativity, and specific work location.

You'll likely have the following qualifications to succeed in this role:

• Experience in a leadership role within a global financial services firm

• Strong understanding of control frameworks, risk management, and how to implement and maintain an effective control environment in practice

• Strong understanding of key Finance processes such as Financial Reporting, Regulatory Reporting and Treasury processes

• Ability to develop effective working relationships with stakeholders of different seniority and geographical locations and deliver key messages to all audiences

• Ability to manage a SOX program within a global financial services firm

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 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 age, ancestry, color, race, national origin, ethnicity, disability or medical condition, genetic information, military or veteran service, religion, creed, sex, gender, pregnancy, childbirth, caregiver status, marital status, citizenship or immigration status, sexual orientation, gender identity or expression or any other trait protected by applicable law.