Associate Director, CLM - DWPB NFR UTILITY BFCR

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 64 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 Associate Director, CLM - DWPB NFR UTILITY BFCR.

Principal responsibilities

·  Collaborate with HK CLM team, lead multiple GPB CLM teams across locations, including China, Malaysia etc.
·  Driving sustainable growth. Identifies and acts on opportunities to improve efficiency in the workflow for both GPB clients and clients having GPB and Retail Banking customers.
·  To guide the RM’s/CSE’s/RO’s in identifying and documenting the information required to satisfy the Bank’s KYC due diligence policies and processes.
·  Review complex onboarding cases with ability to work on these cases independently.
·  Executes and reviews negative media alerts, and performs sanction & PEP screening.
·  Check/identifies for discrepancies between the information held in the customer’s documentation and profile on the system.
·  Reviews and validated the quality of the due diligence and Know Your Customer (KYC) information on the bank’s customers, in line with HSBC policies at on boarding and periodic reviews.
·  Work with the CDD Advisor when additional guidance on CDD policy is required.
·  Makes considered decisions with factual and coherent recommendations, benefits and implications.
·  Keeps colleagues and stakeholders informed, and takes accountability for following through on outstanding issues raised within the CLM team to ensure prompt and efficient delivery of service
·  Assists assigned internal clients to be aware of and be able to critically examine relevant policies and practices and processes to mitigate risk, ensure compliance and deliver a superior end client experience.
·  Encourages internal client (RM/CSE’s) to make best use of CLM’s expertise and services by ensuring a robust understanding of the business function.
·  Takes a pro-active approach to identifying and highlighting work flow process improvements needed to increase productivity and efficiency on an end-to-end basis.
·  Take on any ad hoc projects or business initiatives as a senior member in CLM.
·  Team owning responsibilities for key aspects of client onboarding and ongoing CDD reviews (periodic and event trigger reviews) to fulfill AML and regulatory requirements and internal policies for the Private Banking (PB) and Trust and Fiduciary Services (TFS) business within GPB.

Decision-Making Responsibility:

·  Plans and prioritize their own and/or others work, to ensure alignment with business needs and efficient use of resources.
·  Takes responsibility for completing assigned tasks to a high quality standard.
·  Communicates business issues, findings and solutions in a succinct, precise and target manner.
·  Daily discretion within assigned authority.

Requirements

·  Strong teamwork initiative.
·  Subject matter knowledge of AML, regulatory compliance and controls within the banking and financial services industry.
·  Seeks out and interprets information, evidence and gaps and uses their business and specialist knowledge to identify and highlight issues and areas of concerns.
·  Strong understanding of the connection between the financial services industry, the regulatory environment and their business function, and assists in passing on their practical knowledge to their colleagues.
·  Understands the nature and importance of the quality data and information needed to provide compliance assurance for the business function.
·  Good research and communication skills.
·  Ability to work professionally with all levels of staff and management.
·  Strong familiarity with Microsoft Word, Microsoft Excel, and Internet Explorer.
·  Strong English fluency and written skills.
·  Minimum of a B.A. degree or relevant work experience.
·  Additional languages welcomed.
·  Management of Risk (Operational Risk / FIM requirements).
·  Have a comprehensive knowledge of all HSBC policies and procedures (CDD, AML and Sanctions).
·  Take personal accountability to keep their procedural knowledge up to date.
·  Adhering strictly to compliance and operational risk controls in accordance with HSBC and regulatory standards, policies and practices; escalating control weaknesses.
·  Helps their colleagues to consider the importance of risk and compliance policies and procedures and how to follow them properly.
·  Anticipates and identifies risk, and ensures appropriate steps are taken to mitigate them with timely and decisive action.
·  Observation of Internal Controls (Compliance Policy / FIM requirements).
·  Each employee must understand, follow and demonstrate compliance with all relevant internal and external rules, regulations and procedures that apply to the conduct of the business in which the jobholder is involved, specifically HSBC’s Internal Controls and any Compliance policy including, inter alia, the Group Compliance policy.

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 prioritised.

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.