AVP, Financial Crime Risk Stewardship- Sanctions GSC’S

Job description

Job description

Some careers shine brighter than others.

If you’re looking for a career that will help you stand out, join HSBC and fulfil your potential. Whether you want a career that could take you to the top, or simply take you in an exciting new direction, HSBC offers opportunities, support and rewards that will take you further.

HSBC is one of the largest banking and financial services organizations 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 realize their ambitions.

We are currently seeking an experienced professional to join our team in the role:: AVP, Financial Crime Risk Stewardship- Sanction

Role holders will carry out activities that will include most of the following, but not limited to:

·  Monitor Trade, Economic and Financial Sanctions (including sanctions programs administered by the U.S. Office of Foreign Assets Control, United Nations, European Union and HM Treasury’s Financial Sanctions, (collectively referred to herein as “Sanctions”), and Global RMF to meet legislative and regulatory requirements.
·  Assist Global / Regional Sanctions Risk Stewards in providing oversight and management, of all aspects of Financial Crime Risk Sanctions including impact analysis of regulatory changes.
·  Collate potential breaches of sanctions from across the business lines & subsidiaries, review reporting made and escalate to Global / Regional `Sanctions Risk Steward
·  Stay at the forefront of key regulatory changes to ensure proactive communication with business and implement appropriate policy and framework to manage the changes.
·  Participate in and work with relevant local industry bodies and groups in relation to Sanctions related initiatives, trends and proposals. .
·  Managing Breach reporting (Mostly, sanctions policy breach write-up currently by Sanctions team)
·  Managing incident escalation and reporting (prepare escalation up to Global / Regional sanctions, core incident write-up including detailing root causes and actions and deep drive analysis and potential read-across reviews will continue to be decisioned by relevant Sanctions team)
·  Coordinate governance inputs (e.g., Risk Map, RMM, Risk Committee, FC ExCo, Country/Regional /Global forums), and track NFR Risk Steward Maturity Assessment, RAPID2, IRIS, Helios and Engage.
·  Preparing the Global / Regional Sanctions monthly MI reporting.
·  Sanctions list management and maintenance of LGE (support any new list/entry to be deployed and maintained via LGE (the “grey list” process)
·  Managing EWRA leg work, sanity checks (annual preparation on sanctions data for EWRA including data verification and analytical work on Sanctions inherent and residual risk analysis)
·  Preparation of Global / Regional Sanctions ManCo materials and coordination of governance inputs (e.g. risk map, RMM, risk committee, FC ExCo)
·  Support the Global / Regional FC Risk Stewards, provide oversight of Sanctions controls to effectively challenge risks or control outcomes through analysis and review of Issue Management, L1 and L2 Controls, Inherent and Residual risks. Ensure overdue issues and actions are communicated to the relevant stakeholders as per guidance
·  Perform read across of 2/3 LOD review reports and prepare read across actions for risk stewards for further disbursement. Update summary documents ( eg. Audit Summary matrix ) for Audit reports to ensure themes can be identified
·  Set & maintain Global FC Policy ( Liase with Risk Stewards and assist to undertake consultation activities, where relevant, with respect to changes/developments in Group policies/guidance)
·  Update the Sanctions guidance documents to ensure consistent application of the Sanctions framework across markets
·  Ability to translate MI of existing 1LoD controls into summaries for 2LoD Risk Stewards to highlight potential gaps, enhancements, or expansions to the Bank's overall Sanctions Risk coverage.
·  Prepare and design governance packs to facilitate and include the key data elements required to understand the control environment of Sanctions
·  Co-ordinate and manage projects
·  Support in reviewing the change initiatives driven at the market level
·  Monitor issues management from a wide range of sources, including MSII’s, Audit Reports, Assurance reporting and where available, Monitor reviews.
·  The monitoring of key controls and 1LoD performance through ‘heat maps’ is an essential ask of the Risk Steward. The role would be directly responsible for the ongoing monitoring, analysis, coordination (with 1LoD) and escalation of risks and failure points as identified by such heatmaps.
·  Support the Global / Regional Sanctions domain in various activties/tasks

Local Job Requirements

Major Challenges

·  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 incumbent is required to ensure the consistent application of the highest risk management standards, notwithstanding the complexities of business operations across regions. The incumbent would identify, plan and implement change programs to ensure that HSBC remains in line with regulatory requirements across the Group.
·  This role also needs to operate within a matrix environment, requiring strong leadership skills to collaborate with multiple stakeholders and deliver results. The role holder must be able to influence senior management and articulate clear business reasons for change initiatives, within the scope of this role.
·  To drive change in culture with respect to the management of FC Risk, in accordance with the three lines of Defence model. To manage the inter-linked and competing demands of developing, implementing and improving strategic Financial Crime systems and controls on a Group wide basis, while also providing for adequate commercial view and balance.

Requirements

What you will need to succeed in the role: 

Certifications, Qualifications and Experience

·  Experience in Financial Crime Risk management advisory or similar Risk function.
·  Proficient knowledge of Sanctions risk, Export control breaches, Screening and Payment transparency in the financial services industry.
·  Working experience of how controls associated with Sanctions risk mitigate 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 analysing 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.
·  Experience in leading a team / group of individuals is desirable
·  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 prioritized. The chosen candidate for this role will be required to undergo enhanced vetting. Subject to local laws, this will require the individual to satisfactorily pass a series of additional checks as part of the recruitment process and on an ongoing basis, if appointed to the role. HSBC Group reserves its position with regard to any steps which it may take in relation to any material adverse findings which arise either when the checks are originally completed, and/or if relevant, on an ongoing basis. For more information about the enhanced vetting for this role please contact the recruiter for this role.

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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