Vice President, Financial Crime, Insurance - HSBC Life

HSBC Global Services Limited; Singapore; On-site; SGD 120,000 - 150,000; Full time

Job summary

A leading global financial services provider in Singapore is seeking a Vice President for Financial Crime Compliance in the insurance sector. This role involves providing expert advice on financial crime matters, supporting compliance monitoring tools, and engaging with regulators. Ideal candidates will have strong experience in AML/CFT and financial crime compliance, exceptional communication skills, and a solid understanding of the life insurance business. Join a dynamic team committed to developing innovative solutions in compliance.

Qualifications

• Experience in the life insurance business and financial crime compliance.
• Strong communication skills with executives.
• Ability to navigate complex regulatory issues.

Responsibilities

• Provide advice on financial crime matters for HSBC Life.
• Support monitoring tools for compliance risk.
• Communicate changes in regulations impacting the insurance business.
• Develop new products with compliance considerations.
• Act as a contact point for financial crime compliance matters.
• Work with regulators on compliance issues.
• Maintain HSBC control standards and implement financial crime policies.

Skills

Experience in AML/CFT/Financial Crime Compliance

Excellent communication and inter-personal skills

Ability to develop practical solutions

Experience with regulatory matters

Data interpretation and analysis

Experience in a matrixed environment

Job description

Some careers have more impact than others.

If you’re looking for a role where you can continue to make an impression, take the next step at HSBC where your contributions will always be valued.

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 Vice President, Financial Crime, Insurance.

In this role you will need:

• Provide feasible and practical advice to HSBC Life on financial crime matters, and implementing Global Financial Crime policy and procedure including but not limited to sanctions, money laundering, bribery/corruption, fraud, etc
• Support the business to implement monitoring tools for ensuring insurance financial crime compliance risk is properly managed, controlled and monitored
• Promptly communicate new regulations or changes in regulations that have impact on insurance business
• Participate in developing new product and services to ensure that potential financial crime compliance issues are properly addressed at the early stage
• Act as a point of contact on financial crime compliance matters in relation to HSBC Life for the purpose of effective management of compliance risk
• Work closely with regulators to respond to financial crime compliance issues, to answer queries from regulators, and to keep abreast of developments of new regulations
• Strong communication and working relationship within other stakeholders to ensure implementation of regulations, new policies and standards. Furnish reports related to financial crime compliance matters in the areas of Insurance to regional and head offices as required
• Maintain and observe all HSBC control standards and implement and observe the Group Financial Crime Policy, including the timely implementation of recommendations made by internal/external auditors and regulators pertaining to the financial crime compliance function

To be successful you will need:

• Experience in the area of AML/CFT/Financial Crime Compliance with good understanding of the life insurance business, processes, operations and systems in order to be able to exercise sound judgement in implementing various AML/CFT and Financial Crime Compliance requirements
• 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 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

Opening up a world of opportunity

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Issued by The Hongkong and Shanghai Banking Corporation Limited.