Anti Money Laundering Quality Assurance Analyst

Job description

Completes quality assurance reviews of transactions monitoring alerts and SARs within assigned area; stays abreast of regulatory, business, and organizational changes; produces management information, develops and recommends solutions to improve operational effectiveness; enhances overall quality of the QA function, and communicates findings and recommendations in a clear, concise, and constructive manner.


Impact on the Business

· Performs quality assurance review in accordance with AML policies and departmental procedures within established timeframes.
· Produces reports containing quality assurance results and associated metrics using established procedures.
· Maintains current knowledge of regulations applicable to the business, any business changes as well as pertinent internal regulatory policy and procedural changes.
· Provides insight into quality gaps discovered as part of the quality assurance process and ensures these gaps are communicated to appropriate management and business owners.
· Analyzes information gathered to develop recommendations for improvement and changes in current policies and procedures for continued compliance with HNAH AML Policy and applicable regulations.

Customers / Stakeholders

· Establishes and maintains professional relationships with monitoring/investigations units, as applicable.

Leadership & Teamwork

· Works both independently and in team-oriented contexts.
· Provides quality feedback and recommendations to AML colleagues that contributes to improved quality and efficiency of AML activities.
· Both through communications and in daily activities, promotes positive relationships and helps lead the team toward the accomplishment of QA's goals and objectives.

Operational Effectiveness & Control

· To implement the Group compliance policy locally by containing compliance risk in liaison with the Head of Group Compliance, Global Business Compliance Officer, Area Compliance Officer or Local Compliance Officer, ensuring adequate compliance resources and training, fostering a compliance culture and optimizing relations with regulators.
· Complete other responsibilities, as assigned.

Major Challenges

· AML is a highly regulated environment requiring strict adherence to policy and procedure. The candidate will need to be flexible and responsive to this environment.
· The candidate will need to be comfortable under the pressure of deadlines and constant oversight.
· Position is highly analytical and detail oriented.

Role Context

· This position has a reporting relationship directly to the Quality Assurance Manager. The incumbent will use his/her experience and expertise to support the mission of the Quality Assurance Manager.

Management of Risk

· Ensure compliance, operational risk controls in accordance with HSBC or regulatory standards and policies; and optimize relations with regulators by addressing any issues.
· Meets all deliverables for QA reviews, analyses, and regular reporting.
· Adheres to HNAH's Statement of Business Principles and Code of Ethics.

Observation of Internal Controls

· Maintains HSBC internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators.
· As appropriate for the role, ensures alignment with regulatory requirements, the Compliance FIM, HNAH's Enterprise Compliance Policy and Program, the CRMP Manual, HNAH's BSA/AML Policy, other Group policies and all related policies and procedures.
· Communicates any control weaknesses accordingly in accordance with issue escalation procedures.

Desired profile

· Minimum of three years proven and progressive audit, compliance, financial services operations experience or equivalent. Prior AML investigations experience preferred.
· Bachelor's degree in business, finance, accounting or equivalent experience.
· Good interpersonal, problem-solving, communications and analytical skills.
· Knowledge of products, services, operations, systems and working knowledge of laws, regulations and regulatory agencies related to assigned areas.
· Proficiency with personal computers and pertinent mainframe systems and software packages.

EEO/AA/Minorities/Women/Disability/Veterans