Financial Crime and Compliance Capabilities

Some careers have more impact than others.

If you're looking for a career where you can make a real impression, join HSBC and discover how valued you'll be. 

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 Financial Crime and Compliance Capabilities.

Principal responsibilities

The job holder will report to the VP Risk Steward - Head of Ask Compliance and will primarily support the Ask Compliance First activities by carrying out the 11 Risk Steward roles and responsibilities via the Ask Compliance system.

Role Overview

• Support the FC COE Risk Stewards to provide oversight and expert advice with respect to Money Laundering, Sanctions evasion, Terrorist Financing, Bribery & Corruption, Fraud, Tax and Reputational risk queries from Ask Compliance system.
• Assist FC senior management, the leadership of the Compliance Function, and other risk colleagues on all material financial crime risk activities in line with the Risk Stewards roles and responsibilities.
• Responsible for second line governance of financial crime risk exposure, providing analysis, reporting, and governance that is independent of the first line of defence, thereby maintaining an objective assessment of risk exposure
• Provide advisory services to the business in order to ensure clear understanding of financial crime risk exposure with respect to clients, transactions, and products.
• Oversight and challenge of the use and adoption of NFR / RMF deliverables and standards to ensure they are embedded and effective across FC.
• Where needed, support and manage change initiative/projects as part of FC's strategy.
• Adhere to and actively support established policies and procedures.
• Be organized and exhibit the ability to act independently and exercise discretion with minimal guidance and supervision.

Requirements

Principal Accountabilities: The following principal accountabilities are aligned to the Financial Crime Services and Processes Model.

Impact on the Business/Function

• Provide timely, accurate and effective FC advise on all Ask Compliance enquiries received and/or allocated.
• Support the Global FC management, the Global AML, Sanctions and ABC teams with implementing FC strategy, Global Standards and other FC-related policies and procedures, controls, and systems.
• Establish clear assessment and understanding of risks and demonstrate ability to mitigate and transform the risk environment. Embed best practice in terms of management of basic risks and procedures at the functional - regional - country level (as applicable). Develop, implement and monitor appropriate FC policies, procedures and processes for managing financial crime risks.
• Actively participate in NFR activities relevant to FC risks and controls. Perform risk stewardship by review and challenge of RCAs, Issue and Internal Event management and reinforce support to 1LOD.
• Ensure compliance to Global Risk – Compliance FIM requirements, and adherence to home and host country financial crime regulatory requirements.
• Report immediately to line and functional management, all material or significant breaches as soon as these are identified and provide all other required management reporting to the Global FC management and assist with remediation, as appropriate.
• Develop and implement best practice standards, and procedures to govern the execution of Risk Steward responsibilities.
• Proactive approach to the identification of FC risk change and potential impacts with insightful analysis and prioritization of relevant information.
• Work closely with relevant stakeholders within Group, Regions, Functions (including DBS) and ServCo to provide expertise and support on all financial crime related matters.

Customer / Stakeholders

• Lead / liaison with relevant stakeholders and relevant teams to provide expertise and support on all FC risk related matters.
• Ensure that appropriate, timely and relevant risk information is provided to stakeholders and Risk Management forums.
• Develop and maintain a strong and professional working relationship with relevant stakeholders within Risk and Compliance, Audit and Finance at Business, Global / Regional and Market levels.

Leadership & Teamwork

• Drive attainment of functional objectives and goals.
• Share best practice with teams in the function/site/regions and globally. 
• Oversees and contributes to the execution of the strategy, standards, analysis and reporting.
• Maintain and develop positive and professional working relationships with all stakeholders and senior business managers at all levels. Lead by example, demonstrating excellent behaviors in line with HSBC core values.
• Drive and encourage constructive teamwork by demonstrating collaboration and matrix management in action and taking prompt action to address any activities and behaviors that are not consistent with HSBC's diversity policy and/or the best interests of the business and its customers.
• Work effectively as part of a team, taking the lead where appropriate and contributing to team output and collaboration through communication, initiative / being pro-active, cooperation, ownership and identification of improvements.

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

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.