As Risk Stewards, Regulatory Compliance (RC) Advisors provide advice, guidance, opinions, direction, and training related to the regulatory landscape to the *** Line of Defence/business. They ensure the business complies with the letter and spirit of relevant regulations, thereby delivering fair outcomes for customers and embedding a robust risk management culture in HSBC's business processes. They are a key risk management role that has a broad remit and responsibilities, which include, but are not limited to; advice and oversight on Conduct, Regulatory Affairs & Policy (RAP), Controls, Monitoring & Testing (CMAT), Assurance, Regulator Engagement, conflict management and general compliance issues. We are currently seeking an experienced professional to join our team. In this role, you will: Pro-actively provide day-to-day advice with queries from business on meeting Country regulatory requirements and standards to assist in the effective management of regulatory risks within the INSH branch. Advise line management of the impact on their businesses and functions of applicable external or internal regulations. Support line management in discharging their responsibilities to comply with applicable regulations. Proactively assess how regulatory change impacts the business and support the business in implementation. Manage and monitor Compliance operation and health in INSH branch. Help set regulatory guidelines to cover compliance issues and activities in INSH branch. Work closely with compliance team at head office, to ensure cohesiveness. Handle regulatory inward and outward document. Foster good relations with the regulators. Handle internal and regulatory reporting of INSH branch. Conduct compliance training to 1st line of defense.
Qualifications To be successful in the role, you should meet the following requirements: Experience: More than 6 years of working experience at insurance company with no less than 3 years of experience in legal or compliance; or more than 6 years of working experience in legal or compliance with no less than 3 years of experience at insurance company; or more than 6 years of working experience at insurance company with legal professional qualification cetification; Bachelor degree or higher in Law or Finance in ***-class universities; Well understanding on insurance related regulation and compliance risk management; Exposure to demanding operational environments to gain insight into the most effective compliance management applications; Working across all levels of the organization to understand cross-functional linkages and interdependencies, as well as the implications of compliance at both a strategic level and at the business unit level Skills: Demonstrated board-based business knowledge and the regulatory requirements of the insurance industry in China, which helps to determine solutions around appropriate compliance measures, processes, monitoring and management; Excellent communication and interpersonal skills, including the capacity to articulate the case for compliance management in the language of business; Understand and interpret complex business requirements, and ability to apply entrepreneurial and commercial thinking to make robust/tough recommendation which may be contrary to the business wishes Ability to form effective relationships and achieve influence at the most middle level in the organization, and to drive changes; Demonstrated ability to assess Compliance trends, both internally and externally; Proven ability to prioritize competing demands; Strong teamwork spirit, integrity and good commitment to the work
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