Senior Vice President and Senior Legal Counsel

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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 Senior Vice President, Senior Legal Counsel.

This role provides expert and professional legal advice, guidance and support to ensure that the legal, regulatory and reputational risks faced by the Group in the Philippines are identified, reported and mitigated.  Key tasks involve:

• Providing counsel and support primarily to the Corporate and Institutional Banking businesses, and their associated global functions particularly in corporate finance, trade and payment products, structured products, debt capital markets transactions, project finance, and financial derivatives, and 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.
• Being a trusted legal adviser to the Bank and its subsidiaries as subject matter expert on Data Privacy, Competition Law, Mergers & Acquisitions, Intellectual Property Rights, and Financial Crime Risks, and protect HSBC’s reputation by effectively helping “future-proof” the organization, as well as effectively managing Dispute Management Risks and all litigation involving the Bank and its subsidiaries.
• Providing supplemental counsel and support to the International Wealth and Private Banking businesses, and its various initiatives
• Providing legal advice that is succinct, easy to understand, and adds value to the internal customers
• Being principally accountable for managing the legal and regulatory risks of Corporate and Institutional Banking through legal risk management activities to identify, assess, draw up controls and review and test the adequacy thereof.
• Advising on, and executing, relevant policies and procedures for the Philippines to ensure that Legal’s role in the second line of defence can be executed
• Advise relevant Senior Management on non-standard legal and reputational risks
• Evaluate and respond to changes in legal and regulatory requirements as they arise, including acting as the interlock with local regulators, where applicable.

Principal Accountabilities

• Reviewing, negotiating, and signing off on (i) loan agreements, supply chain and receivables financing, guarantees and SBLCs, terms and conditions of CIB products, (ii) changes to HBAP business practices and products, with focus on CIB, (iii)  new products to ensure that potential legal issues and other risks are addressed at the product development stage, and (iv) ISDA derivatives transaction documentation, ISDA CSA, GMRA and GMSLA.
• Successful conclusion of big-ticket Group corporate transactions, projects and initiatives achieved by Banking through the support and leadership of the jobholder in identifying, addressing and managing legal risks and negotiating agreements.
• 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 CIB functions, in managing all material legal and regulatory compliance issues involving the Group that may arise
• 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

Leadership & Teamwork 

• 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 CIB 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.

Functional Knowledge

• Over seven (7) 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

Customers / Stakeholders

• Ensure that CIB 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

Through our internal Talent Management and succession planning process, we have a strong candidate identified for this position. However, if you feel you have the right skills and experience for this role and would like to be considered, we encourage you to apply.

Candidate with less relevant experience or skills may be offered a lower Global Career Band level than stated above.

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.
 
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Issued by The Hongkong and Shanghai Banking Corporation Limited.