This position reviews and supervises investment products and account on-boarding for suitability to comply with regulatory and firm policies and procedures. In this role you will supervise general securities transactions, the approval of customer accounts, training of sales and sales supervisory personnel and the maintenance of records.
Review and Principally approve all new Wealth relationships; ensuring execution of required documentation
Respond to Wealth related branch and internal customer service inquiries
Provide Principal review and sign-off of other departmental work as required
Review and approve investment orders, including but not limited to, equity, option, IPO, structured products, fixed income, private equity, annuity, and life insurance
Evaluate all transactions for client suitability and compliance with regulatory and firm policies and procedures including FINRA, MSRB, AML, etc.
Identify and escalate compliance and operational risk in liaison with Local Compliance Officers to ensure adequate resources and training
Foster a compliance culture amongst peers while balancing independence and personal judgement
Maintain a positive work environment where all opinions are considered and differences are resolved constructively
Maintains HSBC internal control standards, including timely implementation of internal and external audit points together with any issues raised by regulators
Complete other responsibilities, as assigned
Customers / Stakeholders
Provide syndicated and structured order review, including review and approval of all IOI for IPO and STP, reviewing and supervising investment trades for client suitability, ensuring compliance with pertinent internal and external rules and regulations, identifying and documenting trade exceptions, communicating and resolving exceptions and providing principal sign-off.
Leadership & Teamwork
Complete new accounts review responsibilities, including reviewing and approving all new brokerage accounts and ensuring receipt of all required documentation, responding to related branch and customer service inquiries including those related to account opening, reviewing account opening for Anti-Money Laundering monitoring, providing principal sign-off and reviewing, verifying and approving other departmental work as required.
Complete equity and option trade reviews, including reviewing and approving all trades sent to the Principal Review Desk, reviewing and supervising investment trades for client suitability, ensuring compliance with pertinent internal and external rules and regulations, identifying and documenting trade exceptions, reviewing and supervising new options agreements and upgrades as well as regular option reports, communicating and resolving exceptions and providing principal sign-off.
Operational Effectiveness & Control
To implement the Group compliance policy locally by containing compliance risk in liaison with the Head of Group Compliance, Global Business Compliance Officer, Area Compliance Officer or Local Compliance Officer, ensuring adequate compliance resources and training, fostering a compliance culture and optimizing relations with regulators.
Complete other responsibilities, as assigned.
Management of Risk
Ensure compliance, operational risk controls in accordance with HSBC or regulatory standards and policies; and optimize relations with regulators by addressing any issues.
Observation of Internal Controls
Maintains HSBC internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators.
Internal Number: 801061
HSBC was born from one small idea: a local bank serving international needs. We started our business in Hong Kong in 1865. In 2015, HSBC celebrates its 150th year anniversary. Over the years, HSBC grew through expanding its branch network, offering new products and establishing its own investment banking arm.
We aim to be where the growth is, connecting customers to opportunities, enabling businesses to thrive and economies to prosper, and ultimately helping people fulfill their hopes and realize their ambitions.
• Located in 72 countries and territories
• Serving around 48 million customers
• Supported by over 268,000* people
• Head office in US is New York City
We aim to be dependable, open and connected in everything we do. We want to ensure that our employees feel able to stand up for what is right, highlight potential risks and act with integrity, even when faced with pressure to act otherwise. By doing so, we will be able to meet expectations of society, customers, regulators and investors. To make sure everybody at HSBC lives up to these values, they are a part of everyone's annual performance review.
At HSBC, you will find that we are dependable, o...pen to different ideas and cultures, and connected to customers, communities, regulators and each other. Our culture has a family feel to it – our employees are encouraged to work together to reach a common goal. This idea is supported and encouraged at the leadership level and passed down.
Our size and global reach mean more opportunities for you to grow your career with us.
We are looking for forward-thinking, driven, perceptive candidates to help our customers realise their hopes, dreams and ambitions.
This means people who are dependable, open to different ideas and cultures, and enjoy being part of a team; people who have the potential to become the future leaders of HSBC.
We encourage you to drive your own development and build your network within your office and around the world.
We provide the opportunities for you to connect with customers, colleagues and the communities in which we operate.