Vice President, Regulatory Compliance

• 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.

• 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
• Relevant rights to work in Singapore are required.

Good understanding of wealth products and familiarity with risks and issues concerning cross border business will be an added advantage.

• Flexible working
• Continuous professional development.