Via its industry-leading centres of excellence, RCAS delivers innovative assurance solutions for and on behalf of HSBC’s Risk Stewards and peer assurance teams. RCAS vision is to be a best in class assurance provider, by providing insight on key risks that enables the safe and sustainable growth of HSBC’s business and supports its social, corporate and regulatory responsibilities. RCAS believe this is best achieved through a diverse team and inclusive, high-performance and supportive working culture.
Controls Assurance (CA) reports into RCAS, and is responsible for managing the assurance of key controls of critical business processes and specified non-financial and financial risks across the Group. This is achieved by building out a centralised offshore capability that will deliver agile, insightful and cost-efficient assurance. CA also provide a resource augmentation service to other assurance teams within the Bank, becoming a vehicle to effectively manage assurance costs and resources as a whole. Also, CA work hand-in-hand with the RCAS Automation and Analytics team to develop, test and deploy their Continuous Assurance objectives.
CA is principally comprised of teams within Global Service Centres (GSCs) within India, China and Poland that deliver this assurance work, and are staffed with assurance specialists with expertise across the range of risks being covered.
HSBC submits over 42k Regulatory Reports and Notifications globally, across a number of regulators. These reports vary in complexity, frequency, financial and reputational impact, and extent of external supervision. Magnus is the Programme mobilised to address the control environment and define the future operating model surrounding the process producing the Regulatory Reports and Notifications globally.
RCAS, via its CA sub-function, is also being tasked with providing a significant degree of group-wide assurance over the controls supporting, or referenced within, material external disclosures.
This role will support the Head of Disclosures Assurance, RCAS CA in development of a Disclosures Assurance team responsible for delivering the controls supporting material regulatory reporting obligations assurance. This team will report into CA, but be separate and distinct from other CA teams testing controls relating to material financial and non-financial risks and critical business processes. This will allow for dedicated, specialised assurance in these respective fields.
