Basel 3.1 Us Regional Programme Director

The US Basel 3.1 (“B3.1”) programme covers the transposition of extensive, new Basel requirements into national law. The current implementation timeline is 01 Jul 2025. Final Rules expected in Q2 24 will inform the ultimate implementation timelines and requirements. The B3.1 programme impacts all businesses, as well as having a significant impact on the Finance, Risk, and IT functions. As a result, in addition to Business-run programmes in Wholesale, WPB, MSS, Cross Business projects have been established by the Global Functions (Global Risk, Global Finance and Technology).

This role is required to support the Basel 3.1 Programme deliver a core part of the programme for all countries and entities in scope. There is extensive testing planned for 2024/25, along with negotiation across multiple other dependent programmes. Preparation to go live will involve review and assurance from internal and external audit, as well as compliance with global and local regulatory requirements.

This is a complex role, and as such, requires an experienced transformation lead, to ensure we meet regulatory obligations, with an effective, timely, controlled implementation.

• Oversee delivery of the implementation of systems, processes, data, and resources for the region
• Interlock delivery plans with Global Businesses, to ensure there is common understanding of delivery plans and required solutions.
• Engage with Global businesses on the impacts of the regulatory changes and understand mitigation plans to address RWA uplifts.
• Provide appropriate challenge to both Global Functions & Global Businesses to ensure the programme meets its regulatory obligations in the most cost-effective way.
• Manage reporting against scope, plans and cross dependencies.
• Monitor and report on interdependencies, escalating as required where delivery does not meet expectations
• Provide regional executive level updates to provide accurate, timely and insightful analysis of the progress, the impact on the business and intervention where necessary.
• Build strong relationships, to support execution at pace and with minimum conflict.
• Ensure that internal and external regulatory requirements are met.
• Build ‘trusted advisor’ relationships with internal customers at a regional and global level (where required) to understand their objectives and align to the programme objectives.
• Understand and manage client/stakeholders’ requirements and expectations to ensure customer satisfaction. 
• Accept full responsibility and accountability for deliverables as required.
• Monitor progress to ensure delivery on time and within budget, and business results are realized
• Ensure adherence to regulatory requirements, Group policies and standards and minimize general risk to the Group
• Oversee the establishment of performance metrics and reporting process, ensuring sponsors receive the right information at the right time regarding delivery performance.
• Implement the quality assurance framework.
• Implement processes to ensure adequate resource to ensure success.
• Manage and monitor costs.
• Implementation of recommendations made by internal/external auditors and external regulators in a timely manner 

For this role, HSBC targets a fixed pay range between $208,700 and $313,000.

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.

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.

• Experience of delivering regional, cross functional, transformational change, ideally regulatory focused

• Excellent stakeholder management skills, including the ability to work confidently and effectively with senior executives within the region and geographies

• Excellent team leadership skill

• First class writing, presentation and editing skills

• Strong technical and analytical skills

• Strong self-organization and communication project management skills, drive and energy

• Strong understanding of process and controls assurance requirements

• A good understanding of the Basel 3 framework with more specific knowledge of RWA calculations.

• A sound understanding of banking and risk management

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 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.