Analyst, Client Intelligence, FIU Correspondent Banking

Job description

Role Title: Analyst, Client Intelligence, FIU Correspondent Banking 
Business: Financial Intelligence Unit
New or Existing Role? Existing
 
Role Purpose
The FIU Correspondent Banking team is a key component of HSBC’s Financial Intelligence Unit (FIU). The purpose of this role is to provide in-depth intelligence analysis that enables HSBC to detect and assess the financial crime and reputational risks posed to the bank through its exposure to correspondent banking clients and their clients (pseudo-clients). FIU Correspondent Banking  reports have a direct impact on GB&M’s Financial Institutions Group enhanced due diligence assessments, as well as supporting other key stakeholders across Risk and are used to inform critical business decisions across HSBC.
 
The role involves:
Dynamic management of a portfolio of Correspondent Banking cases. Performing in-depth research Correspondent Banking clients and pseudo-clients, prospective clients and/or connected parties by utilizing a range of internal data (e.g. transaction activity, KYC etc.) and external data (e.g. internet, media, legal, corporate and other publicly available records and databases).
Analysis of both quantitative and qualitative data sets to produce in-depth and high-quality written reports that provide assessments of financial crime (e.g. money laundering, bribery and corruption, fraud, tax evasion, sanctions and terrorist financing) and reputational risks. 
Engaging with innovative intelligence analytics tools, and contributing to the enhancement of their use by FIU intelligence analysts. The role holder is responsible for the adoption of the most up to date casework methodology and to think creatively about how latest technology releases could enhance their intelligence analysis.
Contributing innovative ideas to streamline and enhance CB and CI intelligence products and processes in a global, growing function which aims to be a ‘best-in-industry’ financial intelligence unit.
Serving as a subject matter expert, and point of contact for globally dispersed FIU colleagues, on financial institution-specific financial crime, sector, geopolitical or regulatory issues. Correspondent Banking analysts must be proactive at maintaining up-to-date knowledge of the issues affecting financial institutions.
The role holder must also contribute to the appropriate team culture, adhere to global FIU governance standards and FIU global strategy; be creative, positive and display an engaged approach to change. Given the evolving nature of the FIU’s work analysts must be open to feedback and new ideas.
 
 
 
Key Accountabilities
Correspondent Banking Casework – Grow and Standardize the FIU
To contribute to the overall development and excellence of both the regional FIU and global CB and CI function by conducting comprehensive and in-depth research using all available resources as appropriate.
Assess incoming raw information and sources.
Prioritize research as appropriate referring any issue to the Line Manager as early as possible in the process.
To drive and enhance reporting and analytical standards in the CB team to ensure CB casework has maximum business impact.
To adopt new technologies and maximize their effective use in CB cases whenever appropriate.
To ensure the appropriate development of CB cases, spotting trends, typologies and additional work needed on individual reports, and driving the optimal usage of different analytical methodologies, ensuring active onward risk management.
To build deep subject matter expertise; including knowledge of financial crime typologies and regional/geopolitical context.
Remain up-to-date with public and business events that would be relevant to FIU’s work.
To build deep subject matter knowledge of all aspects of correspondent banking (e.g. products, services, financial crime risks) and its function within HSBC (e.g. roles and responsibilities of relevant teams).
 
FIU Governance / FIU Technology – Grow and Standardise the FIU
Help ensure that all casework is fully compliant with existing FIU processes and overarching operating model, following all applicable guidance and training from FIU Governance and Technology.
Ensure that all casework uses existing FIU Technology tools appropriately and effectively.
Collaborate with FIU Technology to help enhance FIU Technology tools to meet CI identified capability or intelligence gaps.
 
 
Customers / Stakeholders
Understand the roles and intelligence requirements of broad business lines and functions in region, including:
Global Banking and Markets
Private Bank
Commercial Banking
Retail Banking and Wealth Management
Security Fraud Risk 
Regional/Country CEOs / CROs
Financial Crime Compliance
Regulatory Compliance
All other investigative functions within the Bank e.g. Government liaison, AML investigation (AMLi), Financial Crime Investigation (FCI) and other relevant investigative functions.
External commissioners (Regulators, Law Enforcement bodies, Government agencies)
Achieve improved knowledge of HSBC LoBs operations.
 
 
Leadership & Teamwork
To help execute regional FIU and global CB strategy by consistently and dynamically responding to new requirements as they arise.
To train and mentor new personnel within the CB team (when appropriate).
To work collaboratively with all FIU staff and stakeholders, including colleagues in OI, SA, Governance, Technology and Liaison, including staff in other countries.
Engage with FIU colleagues on a regular basis as appropriate.
Engage in global initiatives and calls.
The role holder is also responsible for the adherence to a strong team culture, ensuring adherence to standards, creativity, a positive and engaged approach to change, and openness to feedback and new ideas.
 
 
Major Challenges
The post holder needs to be extremely well organized, methodical, reliable and comfortable working in a matrixed environment. A dynamic approach is required in contributing to an FIU practice that is able to provide consistent, quality reporting for a range of internal customers, as well as remaining nimble and responsive to ongoing evolutionary changes in the bank.
 
 
Role Context
The role is central to the development of a strong CB function in the FIU and in creating enhanced awareness within the region of CB’s capabilities.
The role holder should play a key role in assisting in the development of the team and of the FIU in relation to assessing financial crime intelligence, and in accordance with the mandate of the FIU. The role is vulnerable to regularly changing priorities, so necessitating a high degree of flexibility and the ability to work under pressure.  
The nature of the role necessitates a close working relationship with CB heads and the Global Head of CI.
 
 
Role Dimensions
To produce quality reports that highlight HSBC’s exposure to correspondent banking-related risks.
Supervision and ownership of own case management on a daily basis.
Produce weekly MI for CI and CB heads.
To report on progress of cases to CB heads and the Global Head of CI.
 
 
Management of Risk
Post holder is responsible for providing regular feedback to the CB head’s as well as the potential impact on business lines in terms of the wider financial crime risks associated with proactive and reactive cases and in relation of doing business with certain customers in the region.
The role holder must take account of changing economic, legal, technological and regulatory environments and adhere to all procedures and practices.
 
Observation of Internal Controls
The role holder must adhere to all relevant internal controls and should be able to demonstrate a flawless track record in this area.
The role holder 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. The role holder will implement the Global FIU Governance.
 
 

Desired profile

Knowledge & Experience / Qualifications
Bachelors Degree in finance, political science, related field or equivalent experience; Masters Degree or equivalent preferred.
Strong organizational, financial analysis, problem-solving, verbal and written communication skills.
Positive and engaging attitude to drive a high performance team.
Fluency in English.
Data modelling, quantitative analytical skills desirable.
Proven and demonstrable experience of correpsondent banking, payments and cash management, treasury or forensic accounting, and experience in the areas of financial crime risks, including criminal, political and security risks desirable
 
 
Within HSBC certain roles are designated as Enhanced Vetting Roles. For these roles, all internal and external applicants are required (subject to local laws), to pass satisfactorily a series of additional checks both as part of the application process and, if successfully recruited into the Enhanced Vetting role, on an on going basis. The 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 first carried out as part of this recruitment exercise, and/or if relevant, on an ongoing basis.
This role has been designated as a Enhanced Vetting Role.
For more information about the relevant additional checks for this role please contact the hiring manager
 
 
We are an equal opportunity employer and are committed to creating a diverse environment.