As one of the world’s largest banking and financial services organisations, HSBC has been connecting customers to opportunities since 1865. With operations in 65 countries and territories, HSBC’s unparalleled international network links developed and emerging markets, and spans the world’s largest and fastest-growing trade corridors. The bank serves more than 40 million customers through its commercial, retail, investment and private banking businesses, which are supported by operational and functional teams around the world.

Responsibilities:

• Build excellent partnership with the Wealth and Planning 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, considering internal group policies.
• Provide sound regulatory and policy advice related to wealth and personal banking products, services, and business initiatives, to support the business growth and initiatives.
• Investigation, assess and escalate of 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 compliance risks of the Business, by challenging the Business on their assessment of such risks, considering business activities, regulatory requirements, internal and external events, and the sufficiency of proposed controls to mitigate such risks.
• Interact with regulators and industry bodies on Regulatory Compliance related matters.
• Ensure the appropriate timely and relevant regulatory compliance risk information is provided to Head of Compliance

Requirement:

• Bachelor's degree or diploma in Law or in related majors
• At least 7-10 years of extensive work experience in Regulatory Compliance.
• Must have knowledge and understanding of regulatory requirements and expectations under the Securities and Futures Act and Financial Advisers Act and associated notices, guidelines, circulars, information papers, about retail wealth business, especially in relation to sales quality, advertisements, licensing, complaints, wealth products.
• Able to investigate and escalate incidents, assess regulatory impact, and prepare reports to the regulator as necessary
• Good to have knowledge of disclosure/conduct and branch operations related requirements under the Banking Act where it relates to retail banking/lending business.
• Familiarity with risks and issues concerning cross border business
• Ability to develop practical, cost-effective solutions to complex issues.
• Experience of dealing with regulatory matters and confident interaction with Regulators.
• Experience of interpreting and analysing a large volume of information or data

Interested candidates may send in their resume and cover letter directly to Rupa Kankariya (R1441955)

We respect your privacy and all communication will be treated with confidentiality. If you wish to know more about this position or explore other roles, please prepare your updated profile and get in touch with our consultants at Rupa Kankariya (R1441955) EA Licence No (02C3423)

Please note that your response to this advertisement and communications with us pursuant to this advertisement will constitute informed consent to the collection, use and/or disclosure of personal data by Manpower for the purpose of carrying out its business, in compliance with the relevant provisions of the Personal Data Protection Act 2012.

Rupa Kankariya EA License No. 02C3423 Personnel Registration No. R1441955

Please note that your response to this advertisement and communications with us pursuant to this advertisement will constitute informed consent to the collection, use and/or disclosure of personal data by ManpowerGroup Singapore for the purpose of carrying out its business, in compliance with the relevant provisions of the Personal Data Protection Act 2012. To learn more about ManpowerGroup's Global Privacy Policy, please visit https://www.manpower.com.sg/privacy-policy

HSBC is committed to building a work culture where everyone is valued, respected and opinions count. They take pride in providing a workplace that fosters continuous professional development, collaboration and supporting people to be at their best in an inclusive and diverse environment.