Senior Regulatory Compliance Manager, Commercial Banking - Regulatory Compliance

  • Competitive
  • Hong Kong
  • Permanent, Full time
  • HSBC
  • 26 Apr 17

Senior Regulatory Compliance Manager, Commercial Banking - Regulatory Compliance

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As part of Global Risk, Regulatory Compliance ensures adherence to applicable regulations and standards by setting the policies which cover HSBC's regulatory requirements, and mitigate conduct and reputational risk issues. The team strives to remain ahead of the regulatory change agenda and ensures the business understands the implications and is prepared for change. It monitors how the Global Businesses and Functions manage their responsibilities with regard to complying with the regulations and helps resolve compliance deficiencies.

We are currently seeking a high caliber professional to join our team as Senior Regulatory Compliance Manager, Commercial Banking.

Principal responsibilities

  • Ensure proactive approach is taken to identification of Regulatory Compliance risk and potential impacts on Commercial Banking Business Model.
  • Continuous review for appropriateness of framework to monitor regulatory compliance developments impacting on Commercial Banking Hong Kong and Asia Pacific
  • Lead implement programmes to quantify impacts and implement actions to address, manage and mitigate impacts of regulatory changes on Commercial Banking Hong Kong and Asia Pacific
  • Implement as required market product suitability, sales and staff remuneration policies and systems that ensure that Commercial Banking's exposure to regulatory compliance and reputational risks is managed, in a practical and effective manner, including efficient and reasonable deployment of resources and an understanding of the business operations and needs.
  • Implements global standards and policies which ensure Commercial Banking's exposure to current risks and emerging arising risk is managed appropriately, in a commercially focused and practical manner
  • Works closely with Financial Intelligence Unit and Business Financial Intelligence Units to manage Risk and Compliance matters in Hong Kong and Asia Pacific
  • Interaction with Regulators and industry bodies in Hong Kong and Asia Pacific on Regulatory Compliance matters
  • Strong communication and working relationship within Commercial Banking Hong Kong and Asia Pacific, other Risk Disciplines, Functions and Global Businesses to ensure implementation of new disciplines.

  • Significant 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.
  • Experience of dealing with regulatory matters and confident interaction with Regulators.
  • Experience of 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.
The chosen candidate for this role will be required to undergo enhanced vetting. Subject to local laws, this will require the individual to satisfactorily pass a series of additional checks as part of the recruitment process and on an ongoing basis, if appointed to the role. HSBC Group reserves its position with regard to any steps which it may take in relation to any material adverse findings which arise either when the checks are originally completed, and/or if relevant, on an ongoing basis. For more information about the enhanced vetting for this role please contact the recruiter for this role.

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