HSBC Group

#LI-AJ1 #HSBCUSA

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.

Responsibilities:

• 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.

Employment eligibility to work with HSBC in the U.S. is required as the company will not pursue visa sponsorship for these positions.

• Minimum four years of experience in retail brokerage sales supervision or equivalent, insurance supervision advantageous
• Bachelor’s degree in business, finance, accounting, related field or equivalent experience
• Series 7, 66, 9 and 10 licenses or equivalent
• Strong communications, problem-solving, lateral thinking, organizational and interpersonal skills
• Self-motivated and able to work in a team-based environment
• Proficiency with personal computers as well as pertinent mainframe systems and software packages

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.