LAM/MX Financial Crime Wholesale Manager

Job description

Job description

Role purpose

The Financial Crime (FC) Advisory team is a Second line of defence (LOD) function, responsible for reviewing and challenging the activities of the Group’s businesses (also referred to as “the First LOD”) to ensure that they effectively manage as “Risk Owners” the Regulatory and Financial Crime Compliance risks inherent in or arising from the conduct of their activities and for which they are responsible. The Second LOD consists of 'Risk Stewards' who are independent of the commercial risk-taking activities undertaken by the First LOD. The FC Advisory function is a Risk Steward for a number of non-financial risks in accordance with HSBC Group’s risk framework. 

The LAM/MX FC Advisory Manager supports the LAM/MX Financial Crime Advisory Head for Asset Management & Wealth Management, Insurance, Retail & Retail Business Banking, Digital & Channels, Wholesale, Fiduciary, Markets Securities Services (MSS), who is the senior accountable executive responsible for ensuring that HSBC’s operations in LAM/MX are effective in identifying, managing and mitigating Financial Crime risks and ensure timely advice is provided to the business.    

Main activities

·  To support the Head of FC Advisory for LAM/MX Wholesale, Fiduciary, MSS in relation to Financial Crime risks.
·  Articulate the Financial Crime risks for LAM/MX WPB, Wholesale and function.
·  Primarily to support Wholesale Advisory, to maintain an effective control framework and to ensure compliance with all relevant external laws & regulations, internal codes and policies and good market practices.  With primary focus on Wholesale area.
·  Provide advisory services to Wholesale business in order to ensure clear understanding of compliance risk exposure with respect to clients, transactions and products.
·  Manage the relationship with relevant regulators on behalf of LAM/MX Wholesale, MSS and Functions.
·  Be responsible for second line governance of Financial Crime risks exposures, providing analysis, reporting and governance to LAM/MX Wholesale, MSS and Functions that is independent of the first line of defense, thereby maintaining an objective assessment of risk exposure.
·  To exercise risk steward challenge, act as independent trusted advisory in governance forums, issue management, fostering a compliance culture and optimizing relations with risk owners and control owners.
·  Assist the senior management of LAM/MX Wholesale, MSS and Functions, the leadership of the Compliance function, and other colleagues on all material compliance related matters.
·  Represents the Financial Crime agenda up to the highest levels of the Group’s governance, including being an attendee (as required) at the LAM/MX Wholesale &MSS forums (and related sub-committees) to report on progress and issues in relation to the operational effectiveness of HSBC’s policies, processes, systems and controls in countering Financial Crime risks.

Requirements

·  Significant experience as a regulator, or a senior compliance manager across all areas of Financial Crime Compliance risk within a global firm, in the financial services industry. 
·  Detailed and extensive knowledge of the HSBC Group structure, its business and personnel, and HSBC’s corporate culture.
·  Significant leadership experience and an experienced strategic thinker.
·  Excellent communication and inter-personal skills, with experience of dealing with executives at all levels.
·  Ability to develop practical, cost effective solutions to complex global issues.
·  A legal or formal accountancy qualification or professional background in a relevant risk or audit discipline.

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