Finl Crime Compliance Advisory

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HSBC is one of the largest banking and financial services organisations in the world, with operations in 62 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 Finl Crime Compliance Advisory

Business: Risk & Compliance 

Principal responsibilities

Impact on the Business

• Implement proactive approach to the identification of AB&C risk change and potential impacts.
• Identify AB&C Risks in the relevant business and provide necessary assessments and solutions, including establish and implement strategic policies which ensure exposure to current risks and emerging arising risk is managed appropriately.
• Represent AB&C risk in relevant governance forums and attend to all internal and regulatory audits and inspections relevant to the business covered.
• Collaborate closely with relevant stakeholders within Group, Regions, Infrastructure and ServCo to provide expertise and support on all financial crime related matters.
• As one of the managers within the FC organization, the incumbent should take measures to drive consistency in messaging throughout the organization and building a culture of transparency between FC and 1LOD.
• Provide supervision on risk Projects as SME support (Policy / Procedure, Analytics, Training etc.).

Customer / Stakeholders

• Lead / liaison with relevant stakeholder within Global / Regional and relevant teams to provide expertise and support on AB&C risk related matters.
• Responsible for ensuring 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 and Global / Regional levels.

Leadership and Teamwork

• Share best practice with teams in the regions and globally.
• Maintain and develop positive and professional working relationships with senior business managers at the Group and Regional levels. Lead by example, demonstrating excellent behaviours in line with HSBC core values.
• Work effectively as part of a team, taking the lead where appropriate and contributing to team output and collaboration.
• Foster a learning agile culture, promoting proactive review of lessons learned.
• Support an inclusive environment that supports diversity and reflects the HSBC brand. Ensures effective and open communication, team building, knowledge sharing, coaching and mentoring not only within the function but to the broader organisation.
• Expected to uphold the HSBC values (we value difference, we take responsibility, we succeed together, and we get it done) and promote a "speak-up" culture.

Operational Effectiveness & Control

• Focus on aligning the HSBC operating practices with changes in Global FC Policy relating to Bribery & Corruption and regulatory risk, and ensure that the FC Risk Framework remains appropriate.
• Resolve any/all identified issues promptly, and escalate concerns to management as appropriate to ensure timely awareness of any material concerns.
• Maintain and observe all HSBC control standards and implement and observe the Global FC Policy, including the timely implementation of recommendations made by internal/external auditors and external regulators.
• Maintain awareness of operational risk within assigned portfolio and minimize the likelihood of it occurring including its identification, assessment, mitigation and control, loss identification and reporting.
• Leadership over all FC matters relating to Bribery & Corruption and the management of operational risk.
• Ability to clearly identify Bribery & Corruption risks and provide necessary analysis, advice, solutions and support.
• Ability to interpret regulatory developments and advise on its impact to business, provision of practical and compliant solutions.
• Ability to deal with Senior Management and Business in a professional and proactive manner.

Management Risk

• The management of financial crime risks is an integral part of the role profile. This role will continually reassess the operational risks inherent in FC by taking account of changing economic or market conditions, legal and regulatory requirements, operating procedures and practices, management restructurings, and the impact of new technology.
• This will be achieved by ensuring all actions take account of the likelihood of financial crime risk occurring and by addressing any areas of concern in conjunction with line management and / or the appropriate department.
• Any concerns must be escalated through line management as soon as they become apparent.

Observations of Internal Controls

• The jobholder will also adhere to and be able to demonstrate adherence to internal controls. This will be achieved by adherence to all relevant procedures, keeping appropriate records and, where appropriate, by the timely implementation of internal and external audit points, including issues raised by external regulators.
• Managers are accountable for setting the 'tone at the top' which underpins the principles of a positive and effective internal control environment. They should exhibit leadership and direction to their teams for establishing and maintaining an effective internal control environment, including the development and management of policies and procedures where appropriate. Managers should also ensure that suitable processes are put in place to review and oversee the internal control environment against those policies.
• The nature of the role requires close working contact with Global, Region, Markets, Senior Executives in FC, Lines of Business and Products and other functional areas such as DBS /IT / Legal etc.

Major Challenges

• The jobholder is responsible for managing and mitigating operational risks in their day-to-day operations. In executing these responsibilities, the Group has adopted a risk management and internal control structure referred to as the 'Three Lines of Defence'. The jobholder should ensure they understand their position within the Three Lines of Defence, and act accordingly in line with operational risk policy, escalating in a timely manner where they are unsure of actions required.
• Through the implementation of the Global FC Policy, and Line of Business Procedures the jobholder will make informed decisions in accordance with the core principles of HSBC's Financial Crime Risk Appetite. Continuously reassessing risks associated with the role and inherent in the business, taking account of changing economic or market conditions, legal and regulatory requirements, operating procedures and practices, management restructurings, and the impact of new technology.

Role Dimensions

• The role will report to the Vice President Risk Stewardship – AML & Tax

This can involve dealing with major issues for which there is no clear-cut solution whilst still being able to provide judgment and clear direction. Where items of major consequence are involved, engagement with the relevant top-level management will be expected, directly and through collaboration with Vice President Risk Stewardship – AML & Tax and Head of FC Risk Stewardship COE, as appropriate.

Qualifications

Functional Knowledge

• Experience in Financial Crime Risk management advisory or similar Risk function is preferred.
• Knowledge of Bribery & Corruption risks in the financial services industry.
• Working experience of how Bribery & Corruption control mitigates FC Risk and the various underpinning activities.
• Understanding of how controls address the underlying FC Risk and associated aspects forming the overall Risk Management framework.
• Excellent communication and inter-personal skills, with experience of dealing with stakeholders including the capacity to articulate the case for risk management.
• Experience of interpreting and analyzing a large volume of information and / or data and provide succinct summary for management. 
• Ability to lead change, contributing to joining up with the other teams in Risk and Compliance and Business globally

Ability to work independently on distinct tasks, escalating as appropriate.

You'll achieve more at HSBC

HSBC is an equal opportunity employer 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. We encourage applications from all suitably qualified persons irrespective of, but not limited to, their gender or genetic information, sexual orientation, ethnicity, religion, social status, medical care leave requirements, political affiliation, people with disabilities, color, national origin, veteran status, etc., We consider all applications based on merit and suitability to the role."

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