High Net Worth Wealth Supervisor

Job description

Job description

Our purpose – Opening up a world of opportunity – explains why we exist. Here at HSBC we use our unique expertise, capabilities, breadth and perspectives to open up new kinds of opportunity for our more than 40 million customers. We’re bringing together the people, ideas and capital that nurture progress and growth, helping to create a better world – for our customers, our people, our investors, our communities and the planet we all share.

The role of the Wealth Supervisor works closely with sales management and with various WPB Wealth teams to ensure proper compliance to industry regulations. The role is intended to provide day-to-day supervision support within WPB, specifically within HNW, and to drive execution of new regulatory policies and procedures through various initiatives, ensuring ensure best practices in assigned branches, orienting new hires to branch and HSBC policies and practices and participating in branch promotional activities and special projects as required.

As our Wealth Supervisor you will:

·  Primary point of contact for policy related questions for all High Net Worth Registered Representatives, covering the HNW NY- Office of Supervisory Jurisdiction (OSJ), HNW Florida-OSJ, HNW San Francisco, Beverly Hills, and Seattle offices
·  Enforce HSBC Securities Inc. (H.S.I.) Written Supervisory Procedures. Review and Approve Daily Trade Blotters, and Trade Alerts
·  Resolve and minimize Trade Errors. Staff Dealing Review and Approval
·  Customer Complaint Handling and manage all Branch office inspections
·  Gift and Entertainment Review and Approval
·  Ensure adherence to Best Interest Policies and Procedures and ensure adherence to Cross Border Policy
·  Represent Supervision in applicable Operating Committees and assist with Product Reviews
·  Comprehensive understanding of all HSBC Securities (USA) Inc., policies and procedures, including but not limited to the Compliance Manual, Written Supervisory Procedures, Non Deposit Investment Products (NDIP) Manual, and Cross Border manuals
·  Build relationships with assigned branch offices and respond to inquiries. Provide assistance to assigned branch offices in operational activities to ensure compliance
·  Ensure compliance, operational risk controls in accordance with HSBC or regulatory standards and policies; and optimize relations with regulators by addressing any issues
·  Manage operational risk, by using relevant Management Information (MI) to identify risk situations and take any appropriate action to minimize loss
·  Maintains HSBC internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators
·  Ensure the fair treatment of our customers is at the heart of everything we do, both individually and as an organization

For this role, HSBC targets a pay range between $128,100.00 and $192,200.00

The final fixed pay offer will depend on the candidate and a number of variables, including but not limited to, role responsibilities, skill set, depth of experience and education, licensing/certification requirements, internal relativity, and specific work location.

At HSBC, our overall goal is to provide a competitive Total Reward Package, with an appropriate mix of fixed pay, and variable pay, as part of an employee’s overall total compensation and benefits. Variable pay generally takes the form of discretionary, annual awards (sometimes referred to as a “bonus”). Additionally, HSBC offers a wide range of competitive and flexible benefits designed to help you improve your health and well-being, finances, and lifestyle.

Requirements

You´ll likely have the following qualifications to succeed in this role:

·  Minimum of 7-10 years proven Private Banking supervisory or related investment supervisory experience required
·  SIE, Series 7, Series 9, Series 10, Series 24 (preferred), Series 66 (or Series 63 and Series 65)
·  Experience supervising Registered Investment Advisors, and RIA products
·  Familiarity with FINRA, SEC, and state rules and regulations
·  Spanish language proficiency is mandatory for this position to effectively engage with our diverse client base
·  Good problem resolution skills and the ability to prioritize effectively
·  Sound judgment and keen sense of urgency – able to achieve results quickly
·  Ability to multi-task and work under pressure
·  High level of professional and personal integrity
·  Minimum of a BA/BS degree, or equivalent
·  Knowledge of the private banking business – both domestic and off-shore
·  Understanding of the regulatory environment

In compliance with applicable laws, HSBC is committed to employing only those who are authorized to work in the U.S. Applicants must be legally authorized to work in the U.S. as HSBC will not engage in immigration sponsorship for this position.

As an HSBC employee, you will have access to tailored professional development opportunities to ensure you have the right skills for today and tomorrow. We offer a competitive pay and benefits package including a robust Wellness Hub, all in a welcoming, diverse and inclusive work environment. You will be empowered to drive HSBC’s engagement with the communities we serve through an industry-leading volunteerism policy, a generous matching gift program, and a comprehensive program of immersive Sustainability and Climate Change Initiatives. You’ll want to join our Employee Resource Groups as they play a central part in life at HSBC, including the development of our employees and networking inside and outside of HSBC. We value difference. We succeed together. We take responsibility. We get it done. And we want you to help us build the bank of the future!

All qualified applicants will receive consideration for employment without regard to age, ancestry, color, race, national origin, ethnicity, disability or medical condition, genetic information, military or veteran service, religion, creed, sex, gender, pregnancy, childbirth, caregiver status, marital status, citizenship or immigration status, sexual orientation, gender identity or expression or any other trait protected by applicable law.