Global FX Regulatory Compliance Manager - MSS Regulatory Compliance

Some careers open more doors than others.

If you’re looking for a career that will unlock new opportunities, join HSBC and experience the possibilities. Whether you want a career that could take you to the top, or simply take you in an exciting new direction, HSBC offers opportunities, support and rewards that will take you further.

Our Risk and Compliance function has a critical role to play in supporting, challenging and advising across all areas of the business through establishing policy, monitoring profiles, and identifying and managing forward-looking risk and compliance. We focus on creating an environment that encourages our people to speak up and do the right thing, as well as protecting our customers, the organisation and the integrity of the financial markets in which we operate. Already an industry-leader in many respects, we want to continue setting standards and evolving to respond to strategic changes.

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.

As part of the Global Markets & Securities Services Compliance (MSSC) team, you’ll be part of Markets Regulatory Compliance and provide advice, challenge and support for trading and sales business within Global Foreign Exchange (FX Cash, FX Options, Commodities, GIS and eTrading). You’ll work closely with Sales, Trading and Management, to understand their strategy and business plans, and to offer independent evaluation and guidance of the regulatory requirements their strategy may encounter. Given the nature of GFX this will require you to work collaboratively both with staff within the UK and overseas, presenting you with the opportunity to learn about and deal with a truly global business.

In this role, you will:

• Provide independent advice, oversight and challenge of risk management practices across GFX Sales and Trading within the Markets & Securities Services (MSS) businesses, and/or functions that sit 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.
• Provide Compliance advice to support to coverage of the GFX business, in particular but not limited to industry standards (FMSB, FX Global Code) and regulation that are relevant for MSS such as MiFID, MAR, DFA.
• Keep abreast of regulatory and legislative changes and provide advice to enable the business to implement changes and operate in a compliant and controlled manner.
• Foster strong working relationships with GFX Non-Financial Risk team and Chief Operating Office, Sales and Trading staff and management to support and review business control framework and governance fora.
• Provide robust advice and challenge to satisfy Compliance role as Risk Steward.

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

• Extensive experience operating within a Regulatory Compliance type role, with a specific focus on eTrading, preferably with FX markets knowledge and its associated products.
• Experience and/or a good understanding of algorithmic trading control framework.
• A good understanding of benchmarks and associated regulatory principles and standards
• Strong analytical skills with an ability to understand complex workflows paired with meticulous attention to detail.
• Excellent communication skills to clearly articulate issues and ideas and provide timely escalation.
• An awareness of the FX Global code would be beneficial.

The base location for this role is London on a hybrid working basis.

Opening up a world of opportunity

Being open to different points of view is important for our business and the communities we serve. At HSBC, we’re dedicated to creating diverse and inclusive workplaces. Our recruitment processes are accessible to everyone - no matter their gender, ethnicity, disability, religion, sexual orientation, or age.

We take pride in being a Disability Confident Leader and will offer an interview to people with disabilities, long term conditions or neurodivergent candidates who meet the minimum criteria for the role.

If you’d like to apply for one of our roles and need adjustments made, please get in touch with our Recruitment Helpdesk:

Email: [email protected]

Telephone: +44 207 832 8500