Principal Review Desk Principal

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.

As the Principal Review Desk Principal (PRD) your 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. 

As our Principal Review Desk Principal you will:

• 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
• Maintain HSBC internal control standards, including timely implementation of internal and external audit points together with any issues raised by regulators

For this role, HSBC targets a pay range between $82,600 and $123,900.

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.

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

• Minimum four years of experience in retail brokerage sales supervision or equivalent, insurance supervision advantageous
• Bachelor’s degree in business, related field, or equivalent experience
• 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
• Series 7, 9, 10, 63, and 65 Life and Health insurance licenses required, may allow for contingency to obtain Series 65 and Life and Health

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.