Wealth Supervisor

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. Wealth Supervisors ('WS') are responsible for overseeing the supervision of the Wealth Centers or Office of Supervisory Jurisdiction (OSJ) in conjunction with the Market Manager. Wealth Supervisors work closely with the Market Managers and various Wealth teams to ensure proper compliance with internal policies and procedures and applicable industry regulations. The role is intended to drive execution of new regulatory policies and procedures through various initiatives, ensuring best practices within Wealth Centers, orienting new hires to HSBC policies and practices and participating in promotional activities and special projects as required. As a Wealth Supervisor you will: Ensure the laws, regulations and ethical standards of the securities industry are adhered to in assigned Wealth Centers and OSJ Conduct reviews of various on-line and hard copy compliance reports, daily sales blotters, e-mails, faxes and correspondence Conduct on-site audits of broker/dealer field locations to ensure all processes meet regulatory and firm standards. Investigate and document potential issues, inquiries and resolutions Execute on various project work initiatives to continuously improve processes and procedures Wealth Supervisors are required to be in the field regularly as a hybrid role (time in Wealth Centers and in the Office of Supervisory Jurisdiction (OSJ)) Review exception reports (FIS): Conduct supervisory review of daily trade alerts and monthly account review alerts Supervisory Pre-Trade Approvals Registration: Perform reviews to ensure RRs are registered in the correct locations, BRITS validation, move requests, terminations. Role requires client contacts Attend and present at Market Manager Sales/Compliance meetings Have delegated authority from the Market Manager for supervisory responsibilities Work with Sales Quality team to remediate exceptions found Work with Compliance Assurance on remediation of audit findings and work with the advisors on the audit responses Perform email reviews for registered representatives in designated area(s) Build relationships with assigned Wealth Centers/OSJs and respond to inquiries from the field Provide supervisory training for new and existing employees. Provide training on compliance practices and present at monthly Market Manager meetings Provide assistance to assigned branch offices in operational activities to ensure compliance with internal policies and procedures and applicable industry regulations Review customer complaints in conjunction with Sales Management and Compliance to ensure proper resolution Lead by example and represent HSBC Values & Behaviors when interacting with customers and colleagues at all levels within the organization 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 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 10 years proven Wealth Management supervisory or related investment supervisory experience required. Bachelor's degree in business, related field or equivalent experience. Series 7, 63/65 (or 66) , 9, 10 and Life and Health licenses. Strong project management, communications, analytical, organizational and planning skills. In-depth knowledge of Wealth broker-dealer including but not limited to; operational risk, technology, regulatory landscape and industry best practices. Stay current with regulatory changes impacting the industry and HSBC. Detail-oriented, ability to maintain confidentiality and exercise sound judgment in handling sensitive data. Able to effectively manage competing priorities. 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.

Created: 2024-10-19