Job Description

Some careers shine brighter than others.

If you’re looking for a career that will help you stand out, join HSBC and fulfil your potential. Whether you want a career that could take you to the top, or simply take you in an exciting new direction, HSBC offers opportunities, support and rewards that will take you further.

HSBC is one of the largest banking and financial services organisations 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 realise their ambitions.

We are currently seeking an experienced professional to join our team in the role of Vice President and Legal Counsel

Role Purpose

To act and discharge the responsibilities of Legal Counsel for International Wealth and Premier Banking (IWPB) business lines, namely HBAP PH IWPB, HIIB, and HSBC Electronic Data Processing (HDPP), and in a suppletory capacity, Corporate and Institutional Banking (CIB) and other Global Functions in the Philippine market. The jobholder will, among others, formulate advice and guidance, conduct assurance reviews, and oversee conduct compliance to manage the legal risks of the Group in support of HBAP’s and HIIB’s strategic business and operating objectives.

Principal Accountabilities

• Provide specialist legal counsel and support to IWPB business lines, their associated global functions and operating entities, namely HBAP PH IWPB, HIIB, and HDPP by ensuring that commercially sensitive and pragmatic legal advice is provided in a cost-effective manner, and partnering with the business to give top quality and forward-looking advice
• To be considered to be a trusted adviser to the business by ensuring that commercially sensitive, pragmatic and practical legal support and advice is provided in a cost-effective manner to the different business units of the Bank.
• Capably advise the Bank and its associated entities as subject matter expert on Consumer Protection, Data Privacy, e-Commerce and Digital and Cross-Border Marketing, and protect HSBC’s reputation by effectively helping “future-proof” the organization
• Manage litigation matters involving the Bank and its associated entities, and oversee external panel firm performance in this regard
• Ensuring that legal risks and impact of global initiatives and/or complex transactions are effectively communicated to and understood by the relevant business area.
• Ensuring that adverse consequences arising from legal issues are properly managed and mitigated and remedial action initiated in line with the materiality of the risk or issue.
• Supporting the Global and Regional Legal functions, with a focus on IWPB functions, in managing all material legal and regulatory compliance issues involving the Group that may arise
• Evaluate and respond to changes in legal and regulatory requirements as they arise, including acting as the interlock with local regulators, where applicable.
• Managing transactions, projects or initiatives including matters that are highly complex or have potential for significant legal, financial and / or reputational impact
• Participate in the Philippines’ key governance committees as required by the Country GC
• Monitor the effectiveness of the Philippines’ management of Legal risks
• Monitor the implementation of Legal Risk Management policies and controls
• Maintain and develop positive and professional working relationships with all team members within LGA Philippines, as well as Regional and Global Legal, particularly specialist lawyers in the various IWPB fields, and the global businesses and functions for which the jobholder is principally responsible
• Participate effectively in industry associations as may be necessary as part of LGA Philippines
• Share legal knowledge and best practices with legal colleagues.
• Manage internal support staff in so far as legal risk management work is concerned.
• Ensure that IWPB Senior Management, Country General Counsel, and relevant Regional Counsels are appropriately advised of material legal and regulatory developments and their implications
• Provide high quality legal and regulatory compliance advice, and guidance and support to local Senior Management and Regional Legal management
• Assist the Country GC in managing the local Panel of approved law firms
• Ensure positive relationships are maintained with panel law firms and other appropriate external parties
• Develop relationships and directly deal with high-level regulators and senior officials of industry associations

Qualifications

• Over five (5) years of experience in legal advisory and a member of good standing of the Philippine Bar, with strong leadership, communication and inter-personal skills.
• Must be a recognized subject matter expert on banking, finance, securities and financial crime risk laws and regulations.
• Specialized knowledge and relevant experience in retail banking and wealth products, consumer credit and consumer protection, data privacy, anti-money laundering, bank secrecy, and technology and licensing.
• Excellent analytical and interpersonal skills so as to effectively communicate with stakeholders and senior management of the Bank, and decisiveness in resolving issues

Due to the urgent hiring need, candidates with immediate right to work locally and no relocation need will be prioritised.

You’ll achieve more when you join HSBC.

www.hsbc.com/careers

HSBC is committed to building a culture where all employees are valued, respected and opinions count. We take pride in providing a workplace that fosters continuous professional development, flexible working and opportunities to grow within an inclusive and diverse environment. Personal data held by the Bank relating to employment applications will be used in accordance with our Privacy Statement, which is available on our website.

Issued by Hong Kong and Shanghai Banking Corporation Limited Philippines