Regulatory Compliance Manager, Markets and Securities Services - Malaysia

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HSBC is one of the largest banking and financial services organizations in the world, with operations in 64 countries and territories. We aim to be where the growth is, enabling businesses to thrive and economies to prosper, and, ultimately, helping people to fulfil their hopes and realize their ambitions.

We are currently seeking an experienced professional to join our team in the role of Regulatory Compliance Manager, Markets and Securities Services - Malaysia.

The Regulatory Compliance Manager, Markets and Securities Services (MSS) Malaysia is responsible for supporting Head of Regulatory Compliance (RC) and Corporate and Institutional Banking (CIB) Malaysia in the implementation, with guidance from Global and Regional Head of all aspects of Regulatory Compliance including impact analysis of regulatory changes affecting business and support the coordination and execution of the designated Regulatory Compliance work streams and assurance in Malaysia, while ensuring alignment with Global Standards and Conventional Banking requirements as well as Islamic Banking requirements. The scope of responsibility of role holder covers HSBC Bank Malaysia Berhad (HBMY), HSBC Amanah Malaysia Berhad (HBMS), HSBC Trustee Malaysia Bhd (HKTM).

The role requires strong partnership and collaboration with the various business teams and has responsibility for supporting the Head of Regulatory Compliance (RC) and Corporate and Institutional Banking (CIB) in the implementation of Regulatory Compliance policies and standards, local laws and regulations. The role is to ensure a robust and effective regulatory compliance framework within the wholesale business. It will monitor and track the progress of designated work streams and initiatives underway which fall under the umbrella of Regulatory Compliance Risk, provide policy advice, risk stewardship including advisory support related to conventional and Islamic Banking products, services and clients.

The role will also need to stay at the forefront of regulatory changes, to ensure proactive communication with business and where required, develop or support appropriate policy and framework to manage the changes in Malaysia and to provide risk stewardship including advisory support to the MSS business.

Principal Accountabilities

• To provide support to the Head of Regulatory Compliance (RC) and Corporate and Institutional Banking (CIB) in the containment of regulatory compliance risks. This includes ensuring proactive approach is taken for the identification of Regulatory Compliance risk change and potential impacts on the conventional and Islamic Banking Business Model in Malaysia.
• Continuous support to the Head of Regulatory Compliance (RC) and Corporate and Institutional Banking (CIB) in ensuring appropriateness / robustness / effectiveness of framework to monitor regulatory compliance developments impacting MSS in Malaysia.
• Support Head of Regulatory Compliance (RC) and Corporate and Institutional Banking (CIB) in the implementation of actions to address, manage and mitigate impacts of regulatory changes. Support the implementation of global standards, strategic policies, compliance-related projects / programmes which ensure bank’s exposure to current risks and emerging arising risk is managed and mitigated appropriately, in a commercially focused and practical manner.
• Support and assists in the effective deployment of the Compliance Assurance function e.g. in providing the relevant input.
• Liaison with relevant stakeholders to provide expertise and support on all Regulatory Compliance related matters.
• To assist in interaction with Regulators and industry bodies in Malaysia, on Regulatory Compliance matters.
• To assist Head of Regulatory Compliance (RC) and Corporate and Institutional Banking (CIB) in ensuring the appropriate timely and relevant risk information is provided to MSS management and business risk forums.
• To assist in enhancing regulatory compliance awareness amongst MSS staff.
• To assist in monitoring changes to business practices and products / services and to ensure that regulatory compliance procedures and controls are adequate to cover them.
• To maintain a strong communication and working relationship with Business and other Risk Disciplines, Functions and Global Businesses to ensure implementation of new disciplines.
• Share best practice with group offices, other business lines and other regions.
• To maintain and develop positive and professional working relationships with the Compliance functions.

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