Head of Financial Sector Policy, Europe


Posted - Accepting applications

Role Title:Head of Financial Sector Policy, Europe

Business:Group Government Affairs

New or Existing Role?Existing

Grade:GCB3

Role Purpose·Group Government Affairs (GGA) co-ordinates HSBC €™s work on public policy matters affecting the bank. GGA reports to the Group Head of Government Affairs, and works closely with Global Businesses and Functions, particularly Global Banking & Markets, External Affairs, Strategy and Risk, among others. GGA supports the Group Chairman and Group Chief Executive, and other senior executives, as necessary. GGA’s priorities are agreed by the Issues Management Committee chaired by the Group Chief Executive.
·The role is responsible for developing and coordinating across the Group strategic public policy engagement aimed at shaping and mitigating the EU regulatory reform agenda, with a particular focus on prudential rules, Brexit and trade policy. The post holder will maintain HSBC’s standing as a valued interlocutor on policy issues and equip senior executives with collateral to enable them best to represent HSBC’s interests with external stakeholders.
·The role involves:
·Identifying key emerging European policy risks, providing political insight and working with relevant businesses and global functions to determine business impacts and develop responses designed to mitigate threats to the Group’s financial position and to promote future business;
·Delivering expert and senior engagement and thought leadership (including speaking engagements) on priority issues with policymakers, regulators, key clients, investors and other influencers including media, working directly with senior executives, as well as undertaking external representation;
·Actively influencing policy development through trade association memberships and industry fora, in particular as the Associate Member assisting the Chairman and representing HSBC at meetings of the European Financial Services Roundtable (EFR) and the European Banking Group (EBG);
·Line management responsibility for GCB 4, providing clear guidance, leadership and development opportunities;
·Extend strategic engagement in other EU capitals and, where appropriate, on a Transatlantic basis, through joined-up working with colleagues in Paris, Düsseldorf, Washington and other relevant geographies to coordinate activity aimed at mitigating the impact of regulatory change, and by ensuring internal communication of HSBC positions on key issues.
Key Accountabilities

Impact on the Business·Influence public policy developments in a manner that supports the Group’s business objectives in Europe.
·Identify upstream regulatory and public policy risks with the greatest balance sheet impact or potential to disrupt business and ensure appropriate onward communication to global businesses and functions, and senior executives.
·Develop and oversee roll‑out of a European engagement plan in pursuit of the Group’s public policy objectives as they relate to the EU institutions and key EU capitals, in partnership with key global businesses and functions.
·Coordinate engagement strategy with GGA team members in other key ‘policy initiator’ regions, notably the US.
·Leverage relationships with public sector stakeholders to enhance the reputation of HSBC and influence positive change on the regulatory agenda.
·Seek out opportunities to promote the business through thought leadership such as in trade, and coordinate with other GGA team members responsible for thought leadership on issues such as sustainable finance, infrastructure finance, currency internationalisation, FinTech etc.
Customers / Stakeholders·Maintain and establish of strong relationships with global businesses and functions to drive engagementprogrammesthat impact business performance.
·Provide analysis and guidance on major EU public policy issues and their impact on the Group.
·Proactive and effective engagement with the EU institutions and major finance ministries in major EU capitals, industry associations and think tanks to develop and deliver HSBC position on European policy issues, principally prudential rules and trade.
·Develop an engagement plan mapping key stakeholders to facilitate the deployment and delivery of HSBC strategies on European policy issues.
·Position HSBC as thought leaders and solution providers for EU policymakers.
·Provide briefing for senior executives on EU policy issues in advance of engagement with tier one public officials.
Leadership & Teamwork·Ability to communicate policy positions both within HSBC to senior executives and to senior policy-makers using strong influencing people skills. Managing difficult relationships with stakeholders whose interests may not be aligned.
·Drive a consistent approach to messaging and engagement with key EU stakeholders, protecting and promoting HSBC’s reputation in line with HSBC’s core values.
·Manage a network of relationships in Brussels and EU capitals to ensure a joined up approach to engagement.
·Promote an environment that supports diversity and reflects the HSBC brand.
Operational Effectiveness & Control·Lead implementation and deployment of HSBC policy positioning on EU policy issues.
·Work with GGA colleagues to ensure value for money in GGA’s business operations, notably through maximising value from Brussels consultancy and various association and think tank memberships.
  • Comply with all relevant HSBC policies and full adherence to the GSM and FIMs, with particular attention to engaging with public officials.

Management of Risk
  • The jobholder will ensure the fair treatment of our customers is at the heart of everything we do, both personally and as an organisation.
  • This will be achieved by consistently displaying the behaviours that form part of the HSBC Values and culture and adhering to HSBC risk policies and procedures, including notification and escalation of any concerns and taking required action in relation to points raised by audit and/or external regulators.
  • The jobholder is responsible for managing and mitigating operational risks in their day to day operations. In executing these responsibilities, the Group has adopted risk management and internal control structure referred to as the ‘Three Lines of Defence’. The jobholder should ensure they understand their position within the Three Lines of Defence, and act accordingly in line with operational risk policy, escalating in a timely manner where they are unsure of actions required.
  • Through the implementation the Global AML, Sanctions and ABC Policies, supporting Guidance, and Line of Business Procedures the jobholder will make informed decisions in accordance with the core principles of HSBC's Financial Crime Risk Appetite.
  • The following statement is only for roles with core responsibilities in Operational Risk Management (Risk Owner, Control Owner, Risk Steward, BRCM, and Operational Risk Function
  • The jobholder has responsibility for overseeing and ensuring that Operational risks are managed in accordance with the Group Standards Manual, Risk FIM, & relevant guidelines & standards.The jobholder should comply with the detailed expectations and responsibilities for their core role in operational risk management through ensuring all actions take account of operational risks, and through using the Operational Risk Management Framework appropriately to manage those risks.
  • This will be achieved by:
·Continuously reassessing risks associated with the role and inherent in the business, taking account of changing economic or market conditions, legal and regulatory requirements, operating procedures and practices, management restructurings, and the impact of new technology.
·Ensuring all actions take account of the likelihood of operational risk occurring, addressing areas of concern in conjunction with Risk and relevant line colleagues, and also by ensuring that actions resulting from points raised by internal or external audits, and external regulators, are correctly implemented in a timely fashion.
  • The job holder will be required to work independently to gain and maintain knowledge concerning the operational risks associated with the role and inherent in the business. This will be achieved by ensuring all actions take account of the likelihood of operational risk occurring. Also by addressing any areas of concern in conjunction with line management and/or the appropriate department

Observation of Internal Controls
  • The jobholder will adhere to, and be able to demonstrate adherence to, internal controls and will implement the Group compliance policy by adhering to all relevant processes/procedures.
  • The term ‘compliance’ embraces all relevant financial services laws, rules and codes with which the business has to comply. 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 following statement is only for roles with managerial or specific Compliance responsibilities
  • The jobholder will implement measures to contain compliance risk across the business area. This will be achieved by liaising with Compliance department about business initiatives at the earliest opportunity. Also and when applicable, by ensuring adequate resources are in place and training is provided, fostering a compliance culture and optimising relations with regulators.

Qualifications
Knowledge & Experience / Qualifications·Educated to degree level or equivalent.
·Knowledge of banking and its broader role in the economy including the regulatory environment.
·Knowledge of political processes in the UK and the EU.
·Experience of operating within large, complex organisations, either within the financial sector, government or the regulatory community.
·Ability to analyse, translate and communicate complex issues, tailored to different audiences.
·Ability to provide counsel to senior internal stakeholders.
·Ability to build relationships and represent the organisation with external stakeholders including senior public officials and politicians, and within trade associations.
·Sound judgment and political sensitivity, self-initiative and the ability to work as part of a team.
Under the Company's internal 'Back to Front'/’Front to Back’ transfer policy this role may be classed as High Risk. As a result, internal candidates may require enhanced approvals and vetting checks if they are currently employed in a Front Office department, or if they have worked in a Front Office department within the last 5 years (please refer to the HR FIM definition for further guidance). The enhanced approvals and vetting would need to be completed before the candidate will be confirmed in the role.
We are an equal opportunity employer and are committed to creating a diverse environment.