HSBC Group

GCB 4

Some careers have more impact than others.

If you’re looking for a role where you can continue to make an impression, take the next step at HSBC where your contributions will always be valued.

Risk and Compliance is a global function that brings together all aspects of regulatory and financial crime risk management. Acting as risk stewards, and incorporating a range of specialist teams, we work together with the business and leverage advanced technology to help HSBC navigate a complex regulatory landscape and embed a sustainable approach to compliance risk management that supports safe growth and ensures fair outcomes for clients. Compliance aspires to continuously raise the bar and set leading standards across the industry to help HSBC safeguard its customers and the communities within which it operates.

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

Principal Responsibilities

In this role you will

• Provide compliance advisory to the insurance business through proactive and practical advice, with focus on regulatory compliance matters, covering local regulatory requirements, expectations as well as the bank policies and framework
• Exercise risk stewardship challenge relating to Compliance risk taxonomies & incident management, such as in governance forums and through effective issue management, foster a strong compliance culture with business risk and control owners
• Promptly communicate new regs or changes in regulations that have impact on insurance business, including keeping abreast of key local regulatory change and oversight on business’ development of appropriate policy and framework to manage to the changes
• Actively participate and engage with risk and control owners in managing the new product and services development, to ensure that potential compliance issues are properly addressed at the early stage
• Identify regulatory compliance issues timely, with a view to resolve them promptly to ensure compliance risks are addressed and mitigated.  Report and escalate material issues to relevant stakeholders and management from time to time
• Maintain strong relations with regulators and industry bodies, including oversight on regulatory inspections and responding to any regulatory compliance queries from regulators. Prepare and furnish governance reports related to regulatory compliance matters and think critically to challenge any business inputs to these reports, to local, regional and head offices as required
• Develop strong communication and working relationship within other stakeholders within the insurance and banking compliance counterparts in country and ASP/Group to ensure implementation of regulations, new policies and standards of the bank and other related requirements. 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 pertaining to regulatory compliance function
• Provide advisory support on MAS corporate governance related regulations such as appointment of key executive persons, individual accountability and conduct guidelines requirements

To be successful you will need

• To hold degree (Business, Accounting or law) with strong relevant experience with insurance industry preferred, or a seasoned compliance professional in the financial service industry in a similar role. Audit background with understanding of regulatory compliance can also be considered
• Compelling communication and inter-personal skills, with experience in dealing with stakeholders at all levels, particularly senior stakeholders, including able to articulate the case for risk management and policy in the language of business
• Ability to develop practical solutions to complex issues and work independently yet seek direction collaboratively when needed
• Experience of dealing with regulatory matters and confident interaction with Regulators
• Experience of interpreting complex information/ data and provide succinct summary for management. Experience of working within a matrixed environment preferred including reporting internationally
• Ability to execute excellence at work, inspire team motivation/ commitment and contribute to joining up with the other teams in Risk and Business within Singapore

When applying, please submit a full resume. Your local internal application policy should be followed. For more information you can visit HRDirect and search for content "SGP: Internal Job Application Criteria”. 

Opening up a world of opportunity

Candidate with less relevant experience or skills may be offered a lower Global Career Band than stated above.

HSBC is committed to building a culture where all employees are valued, respected and opinions count. We take pride in providing a workplace that fosters continuous professional development, flexible working and opportunities to grow within an inclusive and diverse environment. Personal data held by the Bank relating to employment applications will be used in accordance with our Privacy Statement, which is available on our website.

Issued by The Hongkong and Shanghai Banking Corporation Limited.