HSBC Group

Some careers grow faster than others.

If you’re looking for a career that will give you plenty of opportunities to develop, join HSBC and your future will be rich with potential. Whether you want a career that could take you to the top, or simply take you in an exciting new direction, HSBC offers opportunities, support and rewards that will take you further.

Regulatory Compliance ensures adherence to applicable regulations and standards by setting the policies which cover HSBC’s regulatory requirements, and mitigate conduct and reputational risk issues. The team strives to remain ahead of the regulatory change agenda and ensures the business understands the implications and is prepared for change. It monitors how the Global Businesses and Functions manage their responsibilities with regard to complying with the regulations and helps resolve compliance deficiencies.

We are currently seeking a high calibre professional to join our team as a Vice President, Regulatory Compliance.

Principal Responsibilities

In this role you will

• Have a strong partnership with our IWPB (International Wealth and Premier  Banking) Business team, Local Compliance teams and Regional Compliance teams, as well as Risk teams, acting in concert with them to drive the implementation of new regulations, taking into account internal group policies
• Provide sound regulatory and policy advice related to our IWPB products, services and business initiatives, to support the Business growth and initiatives
• Investigate, assess and escalate  potential regulatory breaches and issues to Head of Regulatory Compliance, International Wealth and Premier Banking (IWPB) Singapore
• Manage and lead the required remedial action of all material regulatory compliance related issues involving Singapore.  Exercise risk stewardship over regulatory compliance risks of the Business, by challenging the Business on their assessment of such risks, taking into account business activities, regulatory requirements, internal and external events, and the sufficiency of proposed controls to mitigate such risks
• Liaise with relevant stakeholders within Singapore/Regional Compliance IWPB Business to provide Compliance expertise on all compliance matters
• Interaction with regulators and industry bodies on IWPB Regulatory Compliance related matters will be required
• Maintain and observe all HSBC control standards and implement and observe the Group Compliance Policy, including the timely implementation of recommendations made by internal/external auditors and external regulators
• Maintain awareness of operational risk within assigned portfolio and minimize the likelihood of it occurring including its identification, assessment, mitigation and control, loss identification and reporting

To be successful you will need

• Extensive work experience in the area of Regulatory Compliance in order to be able to exercise sound judgement in implementing various Regulatory Compliance requirements
• To have knowledge and understanding of regulatory requirements and expectations under the Banking Act, Securities and Futures Act, Financial Advisers Act, Insurance Act and associated notices, guidelines, circulars, information papers, industry codes with regard to retail, wealth and private banking businesses, especially in relation to sales quality, advertisements, licensing, complaints, wealth products
• Good understanding of wealth products and familiarity of with risks and issues concerning cross border business will be an added advantage
• Strong awareness of risk and conduct issues, to be able to advocate and challenge the Business on their assessment of such matters and the sufficiency of proposed controls
• Excellent communication and inter-personal skills, with experience of dealing with executives at all levels including the capacity to articulate the case for regulatory best practices, conduct, risk management and policy in the language of business
• Ability to develop practical, cost-effective solutions to complex issues and experience of dealing with regulatory matters

To be considered for this role, the relevant rights to work in Singapore is required.

Opening up a world of opportunity
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Issued by The Hongkong and Shanghai Banking Corporation Limited.