Paraplanner

Job description

Role Title: Paraplanner

Business: Private banking

New or Existing Role: Existing

Grade: GCB5

Role Purpose

· Provide support to the financial planners within the Strategic Financial Planning team.

· Provide regulated advice in the area of insurance where deemed competent to do so.

Key Accountabilities

Impact on Business

· Source information for reports / pitch documents and prepare reports / pitch documents in draft for review by the planner
· Assist SFP in building the Strategic Financial Planning business in the High Net Worth, Ultra High Net Worth and International Teams of the private bank.
· Provide advice to clients in the area of insurance

Customers / Stakeholders

· Assist the Financial Planners in their advice to High Net Worth, Ultra High Net Worth and International clients on appropriate financial planning solutions/products.

Leadership & Teamwork

· Liaise with clients, SFP and High Net Worth / Ultra High Net Worth and International Teams where appropriate, to ensure smooth management of product delivery.
· Assist SFP colleagues in rolling out the strategic financial planning systems in the private bank

Operational Effectiveness & Control

· Assist the Financial Planners in the advice process to ensure that they are compliant with internal procedures and external regulations. This will cover all areas of the service including, but not exclusively:
· initial client Factfind
· attend client meetings
· compliance with internal white lists
· comprehension of complex financial planning issues / solutions and subsequent preparation of suitability letters based upon approved templates.
· processing applications for new products
· ensuring ongoing compliance including the need for annual reviews, where appropriate.
· maintain competency status through advice in the area of protection
· Maintain current and up to date CPD log.

Major Challenges

· Working in a developing environment where new systems are being introduced and new procedures for the Strategic financial planning are created. This will involve testing and quickly learning the systems in order to become one of a few “super users” within the Private Bank.
· Working within SFP to support the financial planners in their delivering of efficient and compliant financial planning advice to the clients of the High Net Worth, Ultra High Net Worth and International teams.
· Providing support together with another paraplanner for 6 / 7 financial planners. If capacity is stretched then there may be the possibility of a further paraplanner joining the team in due course.
· This is a paraplanner role with direct client contact either for a career paraplanner or with a view to developing into an adviser role for the right individual (minimum 2 years down the line).

Management of Risk

· The jobholder will ensure the fair treatment of our customers is at the heart of everything we do, both personally and as an organisation.
· This will be achieved by consistently displaying the behaviours that form part of the HSBC Values and culture and adhering to HSBC risk policies and procedures, including notification and escalation of any concerns and taking required action in relation to points raised by audit and/or external regulators.
· The jobholder is responsible for managing and mitigating operational risks in their day to day operations. In executing these responsibilities, the Group has adopted risk management and internal control structure referred to as the ‘Three Lines of Defence'. The jobholder should ensure they understand their position within the Three Lines of Defence, and act accordingly in line with operational risk policy, escalating in a timely manner where they are unsure of actions required.
· Through the implementation the Global AML, Sanctions and ABC Policies, supporting Guidance, and Line of Business Procedures the jobholder will make informed decisions in accordance with the core principles of HSBC's Financial Crime Risk Appetite.
· The following statement is only for roles with core responsibilities in Operational Risk Management (Risk Owner, Control Owner, Risk Steward, BRCM, and Operational Risk Function
· The jobholder has responsibility for overseeing and ensuring that Operational risks are managed in accordance with the Group Standards Manual, Risk FIM, & relevant guidelines & standards. The jobholder should comply with the detailed expectations and responsibilities for their core role in operational risk management through ensuring all actions take account of operational risks, and through using the Operational Risk Management Framework appropriately to manage those risks.
· This will be achieved by:
· Continuously reassessing risks associated with the role and inherent in the business, taking account of changing economic or market conditions, legal and regulatory requirements, operating procedures and practices, management restructurings, and the impact of new technology.
· Ensuring all actions take account of the likelihood of operational risk occurring, addressing areas of concern in conjunction with Risk and relevant line colleagues, and also by ensuring that actions resulting from points raised by internal or external audits, and external regulators, are correctly implemented in a timely fashion.

Observation of Internal Controls

· The jobholder will adhere to, and be able to demonstrate adherence to, internal controls and will implement the Group compliance policy by adhering to all relevant processes/procedures.
· The term ‘compliance' embraces all relevant financial services laws, rules and codes with which the business has to comply. This will be achieved by adherence to all relevant procedures, keeping appropriate records and, where appropriate, by the timely implementation of internal and external audit points, including issues raised by external regulators.
· The following statement is only for roles with managerial or specific Compliance responsibilities
· The jobholder will implement measures to contain compliance risk across the business area. This will be achieved by liaising with Compliance department about business initiatives at the earliest opportunity. Also and when applicable, by ensuring adequate resources are in place and training is provided, fostering a compliance culture and optimising relations with regulators.

Desired profile

Qualifications :

Knowledge & Experience / Qualifications

·  Be approved by the FCA for the sale of life insurance and at all times comply with the FCA rule and principles for Certified Persons and adhere to the FCA Code of Practice.
·  Maintain all other industry designations and qualifications, as required for the provision of financial planning solutions.
·  Relevant FCA approval: Certified Person (previously approved persons CF30)
·  Required qualifications: Chartered Financial Planner preferred.
·  Attendance at internal training courses and industry conferences, where appropriate, to maintain technical knowledge.
·  Good knowledge of Excel and Powerpoint
·  Strong client focus.
·  Experience and understanding of Private Banking and Financial Planning for High Net Worth / Ultra High Net Worth Individuals.
·  Outstanding product knowledge across financial planning solutions in the United Kingdom.
·  Highly organised.
·  Attentive to detail.
·  Strong communication skills – written and oral.
·  Analytical and commercial with the ability to transact with financially sophisticated clients and products.
·  Strong client servicing skills.

Within HSBC certain roles are designated as Enhanced Vetting Roles. For these roles, all internal and external applicants are required (subject to local laws), to pass satisfactorily a series of additional checks both as part of the application process and, if successfully recruited into the Enhanced Vetting role, on an on-going basis. The Group reserves its position with regard to any steps which it may take in relation to any material adverse findings which arise either when the checks are first carried out as part of this recruitment exercise, and/or if relevant, on an ongoing basis.
This role has been designated as an Enhanced Vetting Role.

As a business operating in markets all around the world, we believe diversity brings benefits for our customers, our business and our people. This is why HSBC is committed to being an inclusive employer and encourages applications from all suitably qualified applicants irrespective of background, circumstances, age, disability, gender identity, ethnicity, religion or belief and sexual orientation.

We want everyone to be able to fulfil their potential which is why we provide a range of flexible working arrangements and family friendly policies

We are an equal opportunity employer and are committed to creating a diverse environment.

https://www.hsbc.co.uk/1/2/popups/uk-privacy-statement#/ overview