Senior Vice President, Head of Financial Crime Insurance

1 month ago

Singapore HSBC Full time
Job description

Some careers have more impact than others.

If you’re looking for a career where you can make a real impression, join HSBC and discover how valued you’ll be. 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 Senior Vice President, Head of Financial Crime Insurance.

Principal Responsibilities
  • Lead the Financial Crime Risk team within HSBC Life ensuring robust oversight of all financial crime matters
  • Implementing Group Financial Crime Policy by identifying compliance issues and providing proactive accurate and practical advice on all compliance related matters with regards to business of HSBC Life
  • Provide feasible and practical advice to HSBC Life on financial crime matters, in formulating and implementing policy and procedure including but not limited to sanctions, money laundering, bribery/corruption, fraud, cross border, etc
  • Support the business to implement monitoring tools ensuring insurance financial crime compliance risk is properly managed, controlled and monitored
  • Promptly communicate new regulations or changes in regulations that have impact on insurance business
  • Actively participate in developing new product and services to ensure that potential financial crime compliance issues are properly addressed at the early stage
  • Act as central point of contact on financial crime compliance matters in relation to HSBC Life for the purpose of effective management of compliance risk
  • Ensure that level of awareness of HSBC Life staff on significant financial crime compliance matters being maintained and provide training regarding financial crime compliance knowledge from time to time
  • Work closely with regulators to respond to financial crime compliance issues, to answer queries from regulators, and to keep abreast of developments of new regulations
  • Interact with regulators and industry bodies in order to maintain good relationship with regulators and industry bodies
  • Furnish reports related to financial crime compliance matters in the areas of Insurance to regional and head offices as required
  • Resolve / identify financial crime compliance issues promptly, and escalate to relevant stakeholders and management from time to time
  • Strong communication and working relationship within other stakeholders to ensure implementation of regulations, new policies and standards
  • Maintain and observe all HSBC control standards and implement and observe the Group Financial Crime Policy, including the timely implementation of recommendations made by internal/external auditors and regulators pertaining to the financial crime compliance function
Requirements
  • Leadership experience and a strategic thinker
  • Excellent communication and inter-personal skills, with experience of dealing with executives at all levels including the capacity to articulate the case for risk management and policy in the language of business
  • Ability to develop practical, cost effective solutions to complex issues
  • Significant experience in handling AML investigation, managing Financial Crime Compliance Risk and Operations Management. Desired working with compliance functions of insurance companies
  • Experience of dealing with regulatory matters and confident interaction with Regulators
  • Experience of creating, leading and motivating a team
  • Experience of interpreting and analysing a large volume of information and / or data and provide succinct summary for management
  • Experience of working within a matrixed environment preferred including reporting internationally
  • Ability to lead change, contributing to joining up with the other teams in Risk and Business within Singapore
  • Work experience in the area of Regulatory Compliance/AML/CFT/Financial Crime Compliance with good understanding of the life insurance business, processes, operations and systems in order to be able to exercise sound judgement in implementing various Regulatory Compliance and AML/CFT and Financial Crime Compliance requirements
You’ll achieve more when you join HSBC.
www.hsbc.com/careers

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.

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