associate director, financial crime detection financal institution monitoring

Business: Financial Crime

Open positions: 1

Role Title: ASSOCIATE DIRECTOR, FINANCIAL CRIME DETECTION FINANCAL INSTITUTION MONITORING

Global Career Band: GCB 4

Location (Country / City ): India / Bangalore

Recruiter Name : Priyanka Ochani

The Opportunity:

Role purpose 

• The Financial Crime (FC) Detection & Digital Enablement CoE is an integral part of the HSBC group's Financial Crime function. The CoE helps detect and mitigate FC Risks across HSBC group and regions through conceptualization, development, deployment, and maintenance of FC Detection solutions. FC risk is a non-financial risk that includes fraud, money laundering, bribery and corruption, sanctions violations, terrorist financing, proliferation financing, export control violations and tax evasion.
• Data and Analytics Professionals at HSBC have responsibility for executing our HSBC Data Strategy. Their responsibilities are threefold:
• Recognising data as an asset to HSBC by managing Data Risk and ensuring we are compliant with our Data standards and policies.
• Using analytics and data science to unlock the value of our data.
• Implementing and maintaining our Data Technologies.
• Data and Analytics Professionals are geographically dispersed and aligned to the Global Businesses / Global Functions or regions.
• The role-holder will provide specialist expertise in techniques for model delivery (e.g. Deep Learning) and /or their applications (e.g. Customer Propensity, Computer Vision, NLP). This includes understanding the factors (both internal and external) that drive the required model outcomes, and applying relevant techniques to design, develop, test, implement and monitor models.
• They will ensure compliance with HSBC's Model Development Standards, remain abreast of latest developments in Modelling tools and techniques and advise leadership on maintaining market leading capabilities. The main aim is to provide a model which broadly satisfies the purpose and broadly functions in the given use cases.

Governance and Committee Memberships (membership of ExCos, Risk Management Meeting)

• The role holder will continually reassess the operational risks associated with the role and inherent in the business, taking account of changing FC threats, geopolitical, economic or market conditions, legal and regulatory requirements, operating procedures and practices, management restructuring, and the impact of new technology.
• The role holder will ensure the fair treatment of our customers is at the heart of everything we do, both personally and as an organization.
• 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.

What you'll do:

Principal Accountabilities and Responsibilities (e.g., for Business, Customers and Stakeholders; internal control environment, etc.)

• Responsible for ensuring that the Data and Analytics Professionals are geographically dispersed and aligned to the Global Businesses / Global Functions or Regions. Work involves aggregations, deliver BI and reporting solutions by using tools such as Qlik, Tableau, PowerBI and Looker.

Impact on the Business

• Take measures to provide management and direction to cross-functional experts (pods) from analytics, technology, transformation and product management and key stakeholders across global functions and regions.
• Implementing a consistent and effective management approach across the functional areas.
• Prime interface within the Detection Value Stream for all Change and Prioritisation matters.
• Extend strategic support to the FC Leadership in the delivery of investment across technology, intelligence, and analytics to enhance the efficiency, effectiveness, security, and cost profile of FC.
• Devise strategies to drive, develop, and implement programmes to quantify impacts and implement actions to address, manage and mitigate impacts of FC related regulatory changes across the FC control framework.
• Attend and represent FC in governance forums and meetings whenever the requirement arises.

Customer/Stakeholders

• Develop and Manage relationships with key internal stakeholders across Group functions, lines of business, regions, and countries.
• Facilitate the sharing of information and formulation of feedback loops across the firm, with particular focus on wider FC Detection stakeholder to continuously adapt and improve change management and optimisation.
• Responsible for providing the support and exhibiting coordination capability necessary to manage the response to high priority FC Detection Feedback requiring a coordinated response across Group Financial Crime functions, Compliance, lines of business, regions, or countries.
• Develop and maintain a strong and professional working relationship with Senior Management of FC, Risk, Audit and Finance at Business, Group and Regional levels.
• Responsible for ensuring appropriate timely and relevant risk information is provided to FC leadership and appropriate governance forums.

Operational Effectiveness and Control

• Drive the articulation and embedding of FC Detection Optimisation controls. Responsible for ensuring that these are updated for changes in regulation and impacts on business.
• Identify and resolve any / all identified issues promptly and escalate concerns to management as appropriate to certify timely awareness of any material concerns.
• Maintain and observe all HSBC control standards and implement relevant policies, including the timely implementation of recommendations made by internal / external auditors and external regulators.
• Where required, enable the articulation and embedding of framework, policies, procedures, and controls as they relate to FC Controls.
• Maintain awareness of operational risk within the value stream and minimise the likelihood of it occurring including its identification, assessment, mitigation and control, loss identification and reporting.
• Develop and present options to implement controls whilst retaining full benefit from investment in systems.

Leadership and Teamwork 

• Clearly communicate and effectively implement the Change Management and Prioritisation strategy to meet business needs.
• Provide direction at a global level and support at a regional level with respect to the FC Detection change and prioritisation processes.
• Influence through action and strong leadership with respect to establishing an effective and efficient Risk Discovery Environment, deliver very strong collaboration and influencing across the Compliance matrix.
• Provide sponsorship and strategic vision for People Development initiatives aligned to Financial Crime, Compliance, and Group activities, as well as supporting the annual BAU HR cycle.
• Ensure effective communication across Financial Crime and the business to all key stakeholders in relation to FC Detection matters.
• Support the sharing of developments and best practice across the wider FC Function
• Support delivers the value stream approach aligned to detection outcomes to deliver a seamless integration of cross-functional expertise.
• Maintain and develop positive and professional working relationships with senior business leaders, Risk and Compliance colleagues at Group, Regional and Market / Entity level.
• Work effectively as part of a team, taking the lead where appropriate and contributing to team output and collaboration.

What you will need to succeed in the role:

Functional Knowledge

• 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.
• Strong understanding of Global Financial Crime landscape and the various risk typologies and having good visibility to the eminent changes in landscape.
• Existing Financial Crime Detection capabilities and the limitations therein.
• Awareness of technological advancements in Financial Crime detection capabilities.

Others

• HSBC is an extremely diverse business with significant geographical spread and activities that span a universal banking model, including continuing to innovate to keep abreast of changes in financial services markets globally. Such activity is in an increasingly regulated and complex global environment with often little consistency between laws and regulations in different jurisdictions and regulators taking a far more proactive approach in ensuring local compliance with their requirements and imposing increasingly stringent sanctions for breaches.
• The role will assist the Group in achieving a balance between the demands of regulators, external bodies and governmental initiatives and the Group's shareholders and customers in enacting FC compliance; being alive to the political, management, regulatory and reputational implications of a particular decision and courses of action at a global level; assisting executive management in the development of controls and systems and influencing the way in which the business is conducted in order to manage these risks, meeting Group risk appetite. The increased focus on individual liability for senior managers, particularly Risk Heads, makes it increasingly important for the Group to be able to evidence adequate systems and controls. The role is one where regulatory authority have high expectations and is likely to come under scrutiny as part of any major regulatory investigation.

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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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