Svp and Head Compliance Advisory Wpb

**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.

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 serves customers fairly. 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 **SVP and Head Compliance Advisory WPB.**

**Principal Responsibilities**
- Strong partnership with the Business team, Local HSBC 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 products, services and business initiatives, to support Business initiatives (e.g. frontline remuneration, sales quality, advisor certifications, financial advice standards etc.)
- Investigation, assess and escalate potential regulatory breaches and issues to Head of Compliance Advisory
- Manage and lead the required remedial action of all material regulatory compliance related issues involving Singapore. Exercise risk stewardship over regulatory & financial 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
- The jobholder is responsible for managing and mitigating operational risks in their day to day operations. In executing these responsibilities, the Group has adopted risk management and internal control structure referred to as the ‘Three Lines of Defence’. The jobholder should ensure they understand their position within the ‘Three Lines of Defence’, and act accordingly in line with operational risk policy, escalating in a timely manner where they are unsure of actions required
- The jobholder has responsibility as a risk steward to Regulatory & Financial Crime Compliance risks, ensuring that these risks are managed in accordance with the group policies, guidelines & standards. The jobholder should comply with the detailed expectations and responsibilities for their core role in operational risk management through ensuring all actions take account of operational risks, and through using the Operational Risk Management Framework appropriately to manage those risks

**Requirements**:
**Requirements**:

- A degree holder with extensive work experience (at least 12 plus years of relevant experience) in the area of Regulatory & Financial Compliance pertaining to the sale and distribution of life insurance products, in order to be able to exercise sound judgement in implementing various Compliance requirements
- Should have knowledge and understanding of regulatory requirements and expectations under the Financial Advisers Act, Fair Dealing Guidelines, Securities and Futures Act, Insurance Act and associated notices, guidelines, circulars, information papers, including those issued by the Life Insurance Association (LIA) with regard to life insurance business and retail wealth business, especially in relation to sales quality, agency onboarding & training, advertisements, balance score card framework, licensing, complaints handling and governance, of insurance products, advisory and regulatory interpretation. Should have good understanding of life insurance products and related industry practice
- Able to investigate and escalate incidents, assess regulatory impact and prepare reports to the regulator as necessary
- 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
- Familiarity with risks and issues concerning cross border business
- Prior knowledge of dealing with wealth business (Investment products) would be advantageous
- 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 regulatory best practices, conduct, risk management and policy in the language of business
- Ability to develop practical, cost effective solutions to complex issues
- Exp