Assistant Vice President- Financial Crime Risk

Job description

Job description

Some careers have more impact than others.

If you’re looking for a career where you can make a real impression, join HSBC and discover how valued you’ll be.

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

Principal responsibilities 

·  Proactive approach to the identification of (Financial Crime)FC risk change and potential impacts.
·  Identify FC Risks in the relevant business and provide necessary assessments and solutions, including establish and implement strategic policies which ensure exposure to current risks and emerging arising risk is managed appropriately.
·  Represent FC in relevant governance forums and attend to all internal and regulatory audits and inspections relevant to the business covered.
·  The management of financial crime risks is an integral part of the role profile. This role will continually reassess the operational risks inherent in FC by taking account of changing economic or market conditions, legal and regulatory requirements, operating procedures and practices, management restructurings, and the impact of new technology.
·  This will be achieved by ensuring all actions take account of the likelihood of financial crime risk occurring and by addressing any areas of concern in conjunction with line management and / or the appropriate department.
·  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.
·  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

·  Experience in Financial Crime Risk management advisory or similar Risk function.
·  Proficient knowledge of FC risks, WPB products and Regulations in the financial services industry.
·  Proven client risk management expertise, including WPB experience, preferably gained within HSBC or one of its peers.
·  Past working experience in a relevant role, i.e. within the financial services industry covering AML, Sanctions, ABC, Fraud, Tax Evasion, Transaction Monitoring, Client/Payment Screening is desirable but not essential
·  Working experience of how FC controls mitigates 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

You’ll achieve more when you join HSBC.

HSBC is 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. Personal data held by the Bank relating to employment applications will be used in accordance with our Privacy Statement, which is available on our website.

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