General Counsel, US Litigation, Regulatory Enfo...

Closing Date: 9th June, 2023

Description:

Global Legal plays an important role in protecting HSBC's reputation, helping to safeguard the organisation by providing robust and comprehensive advice on legal issues and risks. Our lawyers advise senior management and the Global Businesses and Functions. They offer a range of legal skills, jurisdictional experience and practice specialisms across all the countries and territories in which HSBC operates.

About the role:
The Deputy General Counsel provides expert and professional legal advice, guidance and support to ensure that the legal and reputational risks faced by the area of coverage are identified, reported and mitigated. This role will report to functionally to the Global General Counsel, Litigation, Regulatory Enforcement and Investigations, and will have an entity rpeorting line to the US General Counsel.

Responsibilities:

• Oversees and manages all aspects of the contentious litigation, regulatory enforcement and investigations portfolio for HSBC in the United States, aiming to achieve the best possible outcomes for the Bank.
• Overees and manages certain global internal investigations that involve significant legal, regulatory and reputatoinal risk to HSBC.
• Provides legal and strategic advice to the Board and senior management regarding contentious matters that present the most material legal and reputational risk to the Bank; attends and presents before various Board committees at the request of the Global General Counsel, Litigation, Regulatory Enforcement and Investigations.
• Ensures that relevant litigation, regulatory enforcement and investigations matters are properly accounted for and disclosed.
• Undertakes root cause analyses and “lessons learned” to minimise and prevent recurrence of non-financial risks; advises on consequence management, where appropriate, for notable events involving material operational losses.
• Evaluates and responds to changes in legal and regulatory requirements as they arise and proactively identifies legal and other risks where relevant and partners with other stakeholders across HSBC to mitigate those risks.
• Setting relevant policies and procedures to ensure that Legal's role in the second line of defence can be executed
• Provide and manage counsel for assigned areas of responsibility, including matters that are complex or have potential for legal, financial and / or reputational impact.
• Participates as an active member of the Global Head of Litigation, Regulatory Enforcement and Investigation's ExCo in setting the strategic direction and priorities for the LREI function as a whole.
• Participates as a member of the US General Counsel's Management Committee.
• Provides strong, proactive leadership including guidance, challenge, support, and development for c.18 lawyers and legal professionals across the United States.
• Manages external and internal legal costs within Resource and Financial Planning limits.

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:
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.

• US-qualified Lawyer, expected to have a minimum of 15 years' experience in handling contentious matters, including matters involving cross-border issues
• Practical experience in dealing with multiple criminal and regulatory authorities is critical (e.g., US DOJ, FRB, SEC, CFTC, etc.)
• Prior government experience in criminal or regulatory enforcement is a plus, e.g., as a prosecutor or enforcement attorney
• Strong familiarity with global financial institutions, including working knowledge and experience dealing with banking products, securities, and derivatives
• Significant experience handling enforcement investigations, including proven track record of constructive engagement with multiple regulatory authorities
• Broad familiarity with banking and securities laws; anti-fraud and market abuse laws; and competition and antitrust laws
• Strong familiarity with operational risk management and identifying and mitigating non-financial risk
• Strong knowledge of accounting, disclosure, and prudential stress-testing requirements
• Extensive experience advising and influencing senior business executives; strong communication and networking skills; ability to navigate complex global organizations and build in-depth relationships with multiple internal and external stakeholders
• Strong oral and written communication skills
• Strong track record of leadership and proven ability to lead and manage teams, including overseeing budgeting, headcount, talent development, and succession planning

---