For Recruiters

Senior Vice President, Risk Manager - HSBC Life

HSBC
Singapore
Posted 3 days ago Permanent Not Specified

Some careers open more doors than others.

If you’re looking for a career that will unlock new opportunities, join HSBC and experience the possibilities. 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, Risk Manager.

Principal Responsibilities

The purpose of the role of the Distribution Risk Manager (“DRM”) is to direct the effective identification, assessment, management, monitoring and mitigation of distribution risk across all distribution channels.

The role is responsible for enabling the business through supporting its ambitious growth aspirations and in the achievement of its strategic goals. The DRM will be responsible for the identification, monitoring and aggregating the overall risk profile and will oversee distribution related risk for the business and provide their recommendations to the CRO.

The role holder will provide SLOD oversight to the FLOD teams across all channels as well as building a culture to support and empower individuals to make decisions in a rapid manner to support business development/growth

  • Partner with the business and risk stewards to provide input into the various distribution-related areas, including recruitment, incentives, end-to-end sales journey, balanced scorecard / sales quality to ensure alignment with HSBC requirements and practices
  • Assess the sales journey design / changes from a risk perspective to ensure controls are acceptable throughout the journey. The business should monitor the controls with risk oversight and partner with risk on any actions needed
  • Ensure a robust SQ / MS framework and assess Conduct MI/ results from a holistic risk perspective – compliance will do this but often just from a pure compliance perspective
  • Scorecards – ensure sufficient metrics are in balanced scorecards and remuneration frameworks are suitable to drive good behaviors
  • Work with the business to continuously improve conduct outcomes by implementing new methodologies
  • Work with the business to develop the right MI for distribution forums and risk appetite monitoring to include training, SQ outcomes, control instances
  • Participate actively in the overall governance related to the agency / FA channel – Distribution Forum, RMM etc.

Requirements

Qualifications:

  • Typical qualifications would include an undergraduate or post-graduate degree in a risk related discipline 
  • Experience:
  • Significant experience in more than one technical risk discipline or distribution related experience
  • Insurance and Wealth Experience are preferential
  • Knowledge of sales related processes and controls are desirable but not essential
  • Experience of managing within a complex matrix environment
  • Experience working across different countries and cultures
  • Experience working in a regulated environment and / or liaising with the regulator

Technical Knowledge:

  • Knowledge of the Group’s Risk Governance, Risk Management Framework and Risk Policies
  • Knowledge of the Risk Control Framework, including a broad understanding across the various risk types in HSBC’s risk profile defined in the GSM
  • Strong understanding of the external regulatory environment and internal control environment
  • Strong understanding of Non-Financial Risks, Insurance Distribution Risks

To be considered for this role, the relevant rights to work in Singapore is required.

You’ll achieve more when you join HSBC.
http://www.hsbc.com/careers%C2%A0 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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Job ID  0000I1Z8
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