Sanctions

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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 Sanctions

Principal responsibilities

The Sanctions role holder is responsible to ensure that HSBC conducts business in compliance with Sanctions rules and regulations. The role holder will play a critical role in ensuring they provide subject matter expertise to Risk and Control owners.

Role Overview

• Requires close working relationship with all stakeholders at various levels of Global, Region, Markets, Lines of Business and Functions.
• Possesses good knowledge on Sanctions risk typologies, banking regulations, operations, audit, and risk & control concepts in order to manage and execute the FC functions in line with Global FC policy and RMF.
• Highly organized and exhibit the ability to act independently and exercise discretion with minimal guidance and supervision.
• Has a critical thinking mentality thereby quickly understanding the 1st LOD queries and provide accurate responses / challenges. 
• Possesses knowledge of Risk Strategy and Operational risk concepts.
• Implements and contributes to the plan established by the relevant Senior stakeholders.
• Able to act in an organized and timely manner.

Requirements

Principal Accountabilities: key activities and decision making areas

• Provide subject matter expertise advise, and guidance to First line of defence
• Provide support in managing FC risks by providing oversight and direction of the business controls as described in the Global Line of Business procedures and HSBC Global Policies and Procedures.
• Engage with FLOD and SLOD to ensure transparency relating to risks and control assessments, ongoing control remediation plans and trigger events oversight for both internal and external events.
• The role requires strong partnership at a Global, Regional and Country level working across the entire FC structure as well as with the lines of business and functions including DBS where applicable.
• Preparation, review, challenge and consolidation of accurate data, reports, and presentation packs for key executive meetings / forums.
• Support in developing and maintaining the risk steward view of the effectiveness of the financial crime risk framework and ensure that this view is communicated consistently to relevant risk governance meetings.
• Support with the analysis of Global, Regional and Country audit and assurance reports and ensure all identified issues have the appropriate action plans and the responsible owners are executing to plan to meet the completion deadline on time.

Impact on the Business/Function across the region

• Critically assess and challenge the Risk and control owners as appropriate.
• Develop and implement best practice standards, and procedures to govern the execution of oversight and reporting.
• Proactive approach to the identification of FC risk change and potential impacts with insightful analysis and prioritization of relevant information.
• Maintain the documents of record of the FC Risk Steward relevant activities.
• Support stakeholders by providing regular/ad-hoc briefings on various FC topics.
• Analyse emerging issues and risks and identify appropriate FC related trends.
• Represent FC in relevant governance forums and attend to all internal and regulatory audits and inspections relevant to the business covered.
• Support Projects as SME support (FC performance, Governance planning, Training etc.)

Typical Targets and Measures

• Applicable standards, policies and procedures developed and implementation approach established and documented.
• Ensure that standards, policies and procedures are being designed to meet regulatory needs and plans are in place to ensure they are clearly understood by stakeholders.
• Reporting / outcomes meets high standards of quality and timeliness.
• Appropriate and streamlined process is in place for identify/filtering/reporting financial crime risk.
• Clear metrics are presented to senior executives with clear analysis relevant to Sanctions risk ('so what').
• Timelines are met to the advice provided.
• New group and business strategies have clear representation and input from FC Sanctions risk.

Leadership & Teamwork

• Support in developing and communicating a powerful and compelling vision that inspires and engages people with the HSBC values and goals as the basis of an inclusive, high performance, customer-centred culture.
• Support in leading, developing and motivating the leadership team to attract, retain and develop talent to provide for succession and ensure delivery of business objectives.
• Drive and encourage constructive cross-country and cross-business teamwork by demonstrating collaboration and matrix management in action and taking prompt action to address any activities and behaviours 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.

Typical Targets and Measures

• Update stakeholders on the changing dynamics of FC risks regularly.
• Strategies and policies to be developed and communicated clearly and in a timely manner.
• Close working relationship maintained with the Sanctions Risk Stewardship and Strategy stakeholders in Global, Region and Country.

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.

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