UK FCC Sanctions Assistant Manager EU1450: HAT-19/06/2014-1927

Job description

The UK Financial Crime Compliance (FCC) Sanctions Assistant Manager role is based within all HSBC’s UK regulated entities, and all business lines within the responsibility of the RCO Europe, including relevant activities in respect of the Global Business Lines. This includes Retail Banking and Wealth Management (RBWM), Commercial Banking (CMB), Marks and Spencer (M&S), Global Insurance (INS), Global Banking (GB), Global Markets (GM), HSBC Securities Services (HSS), Global Transaction Banking (GTB), Global Asset Management (GAM) and Global Private Banking (GPB).
 
The role of the UK FCC Sanctions Assistant Manager is to understand and ensure compliance with all relevant internal and external Sanctions rules, regulations, and procedures that apply to the conduct of the relevant businesses.
 
Your responsibilities will include:
Reviewing and investigating real time payment alerts from Wolf as escalated by the UK Wolf team.
Reviewing and investigating the sanction matches from SCDM and other applicable screening tools as escalated by the Level 2 screening teams.
Escalating all confirmed sanctions and policy breaches for appropriate action including reporting.
Assisting the Sanctions Manager to coordinate across the UK and European businesses, all Sanctions, Terrorist and Group searches issued by Group Compliance. Provide advice and guidance on any follow-up action required and ensure records are appropriately evidenced. Arranges for closure of accounts as required following confirmation of matches.
Ad hoc tasks including production of specialist reports as requested by the Sanctions Senior Manager and Sanctions Manager or as required by MLRO or GMO CMP
Foster a close working relationship with GCOs and local Compliance teams including the AML Advisory teams, and business, including keeping abreast of key business developments and any changes to procedures and practices
Undertaking periodic risk based functional reviews of sanctions controls as required by Compliance FIM to ensure relevant businesses have appropriate systems and controls to comply with the UN/EU/UK/US and HSBC Group sanctions requirements. Take steps to ensure weaknesses are escalated to appropriate senior business and compliance management and action points are monitored to satisfactory conclusion.

Desired profile

The ideal candidate for this role will have:
Experience working in relevant environment/s, i.e. sanctions and Anti Money Laundering (AML)
Experience working in relevant market/context, i.e. business activities for a large global banking group with diverse operations from retail banking, wealth management, commercial banking, global banking, investments, transaction services, asset management, private banking and insurance
Achieved targets and met expectations whilst supporting and encouraging others to do the same
Both spoken and written communication skills with experience of adapting your style and approach to the audience and message to be delivered
Contributed productively to team objectives, sometimes supporting and sometimes leading activities to achieve shared goals
A comprehensive understanding of the regulatory frameworks and compliance requirements associated with financial services and experience of working within these
The base location for this role is Edinburgh.
 
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.
 
Key search words: Sanctions, Financial Crime