Assistant Vice President, Financial Crime Risk Stewardship CoE

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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 Assistant Vice President, Financial Crime Risk Stewardship  - Sanctions

Principal responsibilities

• The following principal accountabilities are aligned to the Financial Crime Services and Processes Model.
• Ensuring WPB and CMB Compliance and LoB teams kept informed on sanctions referrals with significant impact.
• Delegate approver for customer relationships and transactions which require approval under the HSBC Global Sanctions Policy
• Delivery of feedback to the LoB Compliance and 1st line business functions on sanctions referrals
• Production of reports to Reputational Risk and Client Selection Committees
• Advice and determination of controls designed to mitigate sanctions risk with respect to products, customer relationships and transactions.
• Performance of any responsibility delegated by the Regional / Country Head of Sanctions
• Advice and determination of sanctions matters in relation to periodic, trigger-based, or on-boarding reviews for the LoB's in the Customer Segment section.
• Determination of potential exits and referral to the CSEM function responsible.
• Determination of internal and external breach reporting.
• Provide 'backup' support to the Regional / Country Head of Sanctions and the other Sanctions team members to ensure adequate coverage for any holidays or sickness.
• Clear risk-based policies/advice produced and documented.
• Participate the required remedial action of all material FCC sanctions issues that arise to ensure effective implementation through internal and external reviews.
• Assist in preparation of training on Sanction risks for all business products and services across (including subsidiaries).
• Implement, as required, Group sanctions policies and systems that ensure that business exposure to financial crime risk, reputational risks and emerging & arising risk is managed appropriately, in a practical, effective, and commercially focused manner including efficient and reasonable deployment of resources and an understanding of the business operations and needs.
• 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.
• Lead / liaison with relevant stakeholder within Global / Regional Sanctions and relevant teams to provide expertise and support on all FC risk related matters.
• Observations and feedback shared by the Regional Head of Sanctions and their directs.
• Required reports and MIs are submitted accurately with key highlights called out and communicated clearly and in a timely manner.
• Close working relationship maintained with the Regional Head of Sanctions and their directs.
• Lead by example, demonstrating core behaviors and values including teamwork, focus, drive, and determination.
• Foster a close working relationship with local Compliance and business teams, including keeping abreast of key business developments and any changes to procedures & practices, promoting proactive review of lessons learned.
• 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.
• Support to drive the continuing development or transformation of the Financial Crime operating model to ensure the business operates increasingly, effectively, and efficiently and can deliver HSBC's strategic goals.
• Support to lead the development, implementation and maintenance of a Regional and designated Markets management information, analysis and reporting framework that supports and informs timely and effective business management and decision making at all levels.

Requirements :

• The candidate must have an overall work experience of 8-10 years in the banking / financial services industry.
• At least 5-6 years of working knowledge of Sanctions, i.e. understanding of UK/EU/UN/US sanctions regimes and regulations, Export control breaches, Screening and Payment transparency etc.
• Good understanding of the Sanctions Risks and Controls framework e.g. FCA rules on Systems and Controls, OFAC's Framework for Sanctions Compliance Programs etc.
• Interpersonal Skills (i.e., collaboration and networking) with experience of dealing with stakeholders including the capacity to articulate the case for risk management.
• Excellent communication skill (oral, written, and presentational) with the ability to influence others through use of compelling facts, thought-provoking discussion and logic and use diplomacy and tact to resolve differing views.
• 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 and able to "connect the dots" and critically analyze situations, recommend effective solutions to problems, and identify or anticipate regulatory concerns.
• Strong critical thinking and analytical skills. Ability to make informed risk-based decisions with robust supporting rationale.
• Effective Time management & prioritization skills with an ability to prioritize competing demands and deliver against stringent deadlines.
• Knowledge in MS Office Suite, MS PowerPoint & Excel is mandatory.
• ACAMS or International Compliance Association (ICA) certificate/diploma, or equivalent qualifications (Preferred)

Link to Candidate User Guide:

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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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