Vice President, Risk and Controls

2 weeks ago


Singapur, Singapore HSBC Full time

Some careers open more doors than others.

If you're looking for a career that will unlock new opportunities, join HSBC and experience the possibilities. 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.

HSBC Life in Singapore is the combination of AXA Singapore and HSBC Insurance. Here you can specialise in Insurance but enjoy the advantages that come with being part of a leading global international bank.

Insurance is about people, and the promises they make. At HSBC Life in Singapore we help deliver on these promises by providing a wide variety of life insurance products and services to our clients throughout the Asia-Pacific region. Our employees enjoy a dynamic and innovative workplace and a world of opportunities to develop their careers in a high-profile growing business segment. We empower our combined team of high-performing individuals to build skills and explore new experiences to realise the full potential of being part of HSBC.

Together we will pursue efficient ways of working. We will harness the latest data and technology solutions to achieve meaningful outcomes for our clients. And the protection we offer will create broad and lasting impact, helping clients to be healthier, more productive and more confident in their futures.

We are currently seeking a high calibre professional to join our team as a Vice President, Risk and Controls - Investment Services.

Principal Responsibilities

Reporting into Head of Investment Services, co-lead in managing and overseeing in the area of Investment Services which cover both Insurance General Accounts (GA) and Investment Linked Products (ILP) Ensure compliance to the investment mandate and other regulations, and the adoption and implementation of sound internal controls that are in line with HSBC standards

Control and Governance

Oversee and ensure all audit matters related to Investment Services are addressed satisfactorily and establish good partnership with auditors Be overall responsible for the outsourcing and third-party management of relevance to Investment Services Work with Business Risk and Control Team to identify risks through periodic oversight on processes and service providers Review and responsible in ensuring Standard Operating Procedures of quality standard and constantly updated to meet the ever-changing process requirements Create and update investment control documentations to address both internal and regulatory requirements Manage and produce incident reports with timely remediation measures as when needed Provide advice on internal control and oversight matters

Change Management

Be the change agent of the department with transformation mind-set Review and re-engineer workflow processes undertaken in Investment Services to streamline and improve efficiency as well as mitigating risks of errors Work collaboratively with key stakeholders including investments, finance, risk and 3rd party service providers to effect changes in Investment Services

Business and Project Management

Lead and/or support major projects that are of relation to Investment Services and to work closely with both Group Insurance Investment Services and Project teams Participate in key business initiatives with Business as Usual (BAU) team leads including fund corporate actions, fund manager transition and new fund manager onboarding Support full lifecycle of GA and/or ILP BAU activities on need basis Perform additional duties and special projects as assigned Requirements Candidate with 10 to 12 years' solid experience in audit and risk management, preferably within Insurance or Banking industry Educational qualification: University graduate. Additional professional qualification in Investment, Finance or Six Sigma Certification will be viewed favourably Good knowledge in local regulations such as Monetary Authority of Singapore Notice 307 and Securities and Futures Act Good understanding in investment instruments such as equities, fixed income, alternative investments, and derivatives Ability to work under pressure as well as tight deadline Ability to prioritize and organize workload while working in an agile manner Prepared to be hands-on and deliver high quality output Comfortable and able to make sound decisions in conflicting environment Strong risk and control mindset Strong interpersonal and stakeholders' management skills Strong verbal and written communication skills Able to work under minimal supervision and deliver quality output

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



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