HSBC Group

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Global Risk is a thriving and expert risk management function supporting HSBC globally with all aspects of risk management. The team actively manages a varied and dynamic range of risk types, including security, fraud, information security, operational, credit, pension, insurance, compliance, regulatory, market, reputation and geopolitical risks. All parts of the Global Risk team use their skills, insight and integrity to handle established threats and those they see emerging, acting to protect and enable HSBC to deliver sustainable growth.

We are currently seeking an experienced professional to join this team in the role of Regulatory Compliance Manager, International Wealth and Premier Banking Malaysia.

Principal Responsibilities:

The Regulatory Compliance Manager, IWPB Malaysia is responsible for supporting Head of RC, IWPB Malaysia in the implementation, with guidance from Global and Regional Head, of all aspects of Regulatory Compliance including impact analysis of regulatory changes affecting business and support the coordination and execution of the designated Regulatory Compliance work streams and assurance in Malaysia, while ensuring alignment with Global Standards and conventional banking requirements as well as Islamic banking requirements. The scope of responsibility of role holder covers HSBC Bank Malaysia Berhad (HBMY) and HSBC Amanah Malaysia Berhad (HBMS).

The role requires strong partnership and collaboration with the various business teams and functions and has responsibility for supporting the Head of RC, IWPB in the implementation of Regulatory Compliance policies and standards, local laws and regulations. The role is to ensure a robust and effective regulatory compliance framework within the retail and wealth business. It will monitor and track the progress of designated work streams and initiatives underway which fall under the umbrella of Regulatory Compliance Risk, provide policy advice, risk stewardship including advisory support related to conventional and Islamic Banking products, services and clients.

The role will also need to stay at the forefront of regulatory changes, to ensure proactive communication with business and functions, and where required, develop or support appropriate policy and framework to manage the changes in Malaysia and to provide risk stewardship including advisory support to the IWPB business.

 Impact on the Business

• To provide support to the Head of RC, IWPB in the containment of regulatory compliance risks. This includes ensuring proactive approach is taken for the identification of Regulatory Compliance risk change and potential impacts on the conventional and Islamic Banking Business Model in Malaysia.
• Continuous support to the Head of RC, IWPB in ensuring appropriateness / robustness / effectiveness of framework to monitor regulatory compliance developments impacting IWPB in Malaysia.
• Support Head of RC, IWPB in the implementation of actions to address, manage and mitigate impacts of regulatory changes.
• Support the implementation of global standards, strategic policies, compliance-related projects / programmes which ensure bank’s exposure to current risks and emerging arising risk is managed and mitigated appropriately, in a commercially focused and practical manner.
•  Support and assists in the effective deployment of the Compliance Assurance function e.g. in providing the relevant input.

Customers/Stakeholders

• Liaison with relevant stakeholders to provide expertise and support on all Regulatory Compliance related matters.
• To assist in interaction with Regulators and industry bodies in Malaysia, on Regulatory Compliance matters.
• To assist Head of RC, IWPB in ensuring the appropriate timely and relevant risk information is provided to IWPB management and business risk forums.
• To assist in enhancing regulatory compliance awareness amongst IWPB staff.
• To assist in monitoring changes to business practices and products/services and to ensure that regulatory compliance procedures and controls are adequate to cover them.

Leadership and Teamwork

• To maintain a strong communication and working relationship with Business and other Risk Disciplines, Functions and Global Businesses to ensure implementation of new disciplines.
• Share best practice with group offices, other business lines and other regions.
• To maintain and develop positive and professional working relationships with the Compliance functions.

Operational Effectiveness and Control

• To assist in the implementation activities for the alignment of the business operating practices with changes in Global Standards.
• To resolve any/all identified issues promptly and escalate concerns to the relevant Regulatory Compliance teammates and management as appropriate to ensure timely awareness of any material concerns.
• To 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.
• To maintain awareness of operational risk within assigned portfolio and minimise the likelihood of it occurring/recurring including its identification, assessment, mitigation and control, loss identification and reporting.
• Supporting the management of reputational and regulatory compliance risks.