Job description

Our purpose - Opening up a world of opportunity - explains why we exist. We’re here to use our unique expertise, capabilities, breadth and perspectives to open up new kinds of opportunity for our more than 40 million customers. We’re bringing together the people, ideas and capital that nurture progress and growth, helping to create a better world - for our customers, our people, our investors, our communities and the planet we all share.

As an Internal Auditor, you will be participating general audit activities across the Group as part of the Global Internal Audit (GIA) team and work directly with audit teams based in the US. The Auditor will provide independent, objective assurance over the Group’s internal control framework and assists business line management by bringing a detailed, disciplined approach to the evaluation and improvement of the effectiveness of risk management, control and governance processes. Coordinates monitoring and continual assessment of strategic, credit, operational and other risks from business activities. Assist in the preparation and delivery of written evaluations and recommendations to management. Validates external audit or regulatory criticisms of assigned businesses are corrected.

Within GIA, the Markets & Securities Services Audit team focuses on traded markets activities covering a wide range of products such as interest rates, treasury / money markets, options, swaps, structured derivatives, foreign exchange, commodities, equities, fixed income bonds, repo, custody and clearing.

Here’s what you can expect in a typical day as an Internal Auditor:

• Participate in front-to-back audits of MSS businesses and be responsible for the execution of all stages in the audit lifecycle: planning, fieldwork, testing, documentation, issue writing and agreement and reporting.

• Help execute a program of continuous monitoring for a portfolio of businesses and countries through regular bilateral meetings with stakeholders, participation in business governance forums, ongoing analysis of businesses’ risk profiles, and delivery of continuous monitoring reports.

• Contribute to the wider development of Global Internal Audit, through collaborating with other audit teams, dedicating some of your time to consider how audit can use data analytics, process mining and other innovations to more efficiently and effectively deliver its objectives.

For this role, HSBC targets a fixed pay range between $68,800 and $87,021.

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

At HSBC, our overall goal is to provide a competitive Total Reward Package, with an appropriate mix of fixed pay, and variable pay, as part of an employee’s overall total compensation and benefits. Variable pay generally takes the form of discretionary, annual awards (sometimes referred to as a “bonus”). Additionally, HSBC offers a wide range of competitive and flexible benefits designed to help you improve your health and well-being, finances, and lifestyle.

Requirements

Employment eligibility to work with HSBC in the U.S. is required as the company will not pursue visa sponsorship for these positions.

• Minimum of 1 to 3 years’ experience in Markets and Securities Services business or risk or control aspects of it gained within any of the 3 lines of defense functions (e.g. Product Control / Finance, Market Risk, Regulatory Compliance, Front Office, Markets Operations, Model Risk, Counterparty Credit Risk, Markets Surveillance, Internal Audit etc) or experience as auditor or risk professional for a reputable professional services firm.

• Minimum of a bachelor’s degree in in finance, statistics, economics, banking, business or similar degrees with focus on capital markets and investment management.

• Base level familiarity with general banking key risks, processes and controls with a specific focus on MSS (any or some of the business elements below):

• Cash and derivatives markets products related to FX, Commodities, Credit, Rates and Equities, Financing, Agency Execution and Treasury.

• Common industry activities such as Communication and Trade Surveillance, benchmark rate submission, debt auctions, and key aspects of conducts risks.

• Custody, Fund Administration, Transfer Agency, Trustee & Fiduciary Services.

• Role of functions supporting business e.g. Product Control, Traded Risk, Operations, Regulatory Compliance, Risk Stewardship etc.

• Knowledgeable of the role of internal audit in an organization, and the principles of internal auditing.

• an analytical thinker who is confident approaching areas outside of your expertise in a thorough and detailed manner, getting to the heart of the key features and aspects quickly.

• a clear communicator, verbally and in writing, with convincing presentation, persuasion and influencing skills, even when delivering difficult messages to senior stakeholders.

• a professional who is keen to gain experience working in a dynamic and complex environment, with achievements in a relevant business or function, such as an audit function, finance, risk management, compliance, or business management.

• dedicated to continually learning and improving your own skills, which could be demonstrated by holding relevant professional qualifications such as in accountancy, finance or risk management, but also keeping up to date with developments in the banking industry, markets and regulations.

• able to manage multiple competing priorities on different concurrent projects, and able to ensure delivery of objectives through analysis of options and coming to pragmatic decisions; and

• a solid team player, with a demonstrable desire to help the team as a whole achieve its objectives.

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, diverse 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 race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

HSBC is one of the world’s largest banking and financial services organizations. Our global businesses serve around 39 million customers worldwide through a network that covers 62 countries and territories. Our customers range from individual savers and investors to some of the world’s biggest companies, governments and international organizations. We aim to connect them to opportunities and help them to achieve their ambitions.