Associate Director, Financial Crime Detection Customer Monitoring

Job Title: Associate DirectorFinancial Crime Detection Customer Monitoring

The Financial Crime (FC) Detection & Digital Enablement CoE is an integral part of the HSBC groups Financial Crime function. The CoE helps detect and mitigate FC Risks across HSBC group and regions through conceptualization development deployment and maintenance of FC Detection solutions. FC risk is a non-financial risk that includes fraud money laundering bribery and corruption sanctions violations terrorist financing proliferation financing export control violations and tax evasion.

Financial Crime & Compliance Capabilities roles are accountable for ensuring adequate controls are in place to manage financial crime (and regulatory compliance where applicable) risk(s). The team provide subject matter expertise for the purpose of setting policy providing guidance and advising the businesses and functions which might involve greater operational exposure to high-risk activities. This ensures HSBCs compliance to both global and local laws rules and regulations relating to FC (and RC) risk(s).

The role holder will continually reassess the operational risks associated with the role and inherent in the business taking account of changing FC threats geopolitical economic or market conditions legal and regulatory requirements operating procedures and practices management restructuring and the impact of new technology.

Governance and Committee Memberships (membership of ExCos Risk Management Meeting)

The role holder will continually reassess the operational risks associated with the role and inherent in the business taking account of changing FC threats geopolitical economic or market conditions legal and regulatory requirements operating procedures and practices management restructuring and the impact of new technology.

The role holder will ensure the fair treatment of our customers is at the heart of everything we do both personally and as an organization.

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.

In this role you will:

• As trusted advisor exercise risk steward challenge to first line of defence in relation to FC (and RC) risk(s).
• Ensure maintenance of effective control framework and to ensure compliance with all relevant external laws & regulations internal codes and policies and good market practices.
• Drive the implementation of policy issue management fostering a compliance culture and optimizing relations with risk owners and control owners.
• Directly influence the operational effectiveness of the function/functional unit
• Accountable for delivery against prescribed targets budgets and resourcing and responsible for volume quality and timeliness of end results
• Independently manage projects including large moderately complex projects/assignments.
• Support decisions through advice counsel or services in area of specialisation.
• Provide management and direction to cross-functional experts (pods) from analytics technology transformation and product management and key stakeholders across global functions and regions.
• Implement a consistent and effective management approach across the functional areas.
• Prime interface within the Detection Value Stream for all Change and Prioritisation matters.
• Support the FC Leadership in the delivery of investment across technology intelligence and analytics to enhance the efficiency effectiveness security and cost profile of FC.
• Drive develop and implement programmes to quantify impacts and implement actions to address manage and mitigate impacts of FC related regulatory changes across the FC control framework.
• As required by leadership attend and represent FC in governance forums and meetings.
• Develop and Manage relationships with key internal stakeholders across Group functions lines of business regions and countries.
• Facilitate the sharing of information and creation of feedback loops across the firm with particular focus on wider FC Detection stakeholder to continuously adapt and improve change management and optimisation.
• Oversee the support and coordination capability necessary to manage the response to high priority FC Detection Feedback requiring a coordinated response across Group Financial Crime functions Compliance lines of business regions or countries.
• Develop and maintain a strong and professional working relationship with Senior Management of FC Risk Audit and Finance at Business Group and Regional levels senior business leaders Risk and Compliance colleagues at Group Regional and Market / Entity level.
• Ensure appropriate timely and relevant risk information is provided to FC leadership and appropriate governance forums
• Drive the articulation and embedding of FC Detection Optimisation controls. Ensure that these are updated for changes in regulation and impacts on business.
• Resolve any / all identified issues promptly and escalate concerns to management as appropriate to ensure timely awareness of any material concerns.
• Maintain and observe all HSBC control standards and implement relevant policies including the timely implementation of recommendations made by internal / external auditors and external regulators.
• Support the articulation and embedding of framework policies procedures and controls as they relate to FC Controls.
• Maintain awareness of operational risk within the value stream and minimise the likelihood of it occurring including its identification assessment mitigation and control loss identification and reporting.
• Develop and present options to implement controls whilst retaining full benefit from investment in systems.
• Ensure the fair treatment of our customers is at the heart of everything we do both personally and as an organization.

Leadership & Teamwork

• Clearly communicate and effectively implement the Change Management and Prioritisation strategy to meet business needs.
• Provide direction at a global level and support at a regional level with respect to the FC Detection change and prioritisation processes.
• Influence through action and strong leadership with respect to establishing an effective and efficient Risk Discovery Environment deliver very strong collaboration and influence across the Compliance matrix
• Provide sponsorship and strategic vision for People Development initiatives aligned to Financial Crime Compliance and Group activities as well as supporting the annual BAU HR cycle.
• Ensure effective communication across Financial Crime and the business to all key stakeholders in relation to FC Detection matters
• Support the sharing of developments and best practice across the wider FC Function
• Deliver the value stream approach aligned to detection outcomes to deliver a seamless integration of cross-functional expertise
• Work effectively as part of a team taking the lead where appropriate and contributing to team output and collaboration
• Foster a learning agile culture promoting proactive review of lessons learned
• Support an inclusive environment that supports diversity and reflects the HSBC brand.
• Ensure effective and open communication team building knowledge sharing coaching and mentoring not only within the function but to the broader organisation
• Set the tone at the top which underpins the principles of a positive and effective internal control environment.
• Exhibit leadership and direction to the teams for establishing and maintaining an effective internal control environment including the development and management of policies and procedures where appropriate.
• Ensure that suitable processes are put in place to review and oversee the internal control environment against those policies.

To be successful you will:

• Strong understanding of Global Financial Crime landscape and the various risk typologies and having good visibility to the eminent changes in landscape
• Existing Financial Crime Detection capabilities and the limitations therein
• Awareness of technological advancements in Financial Crime detection capabilities

Others:

• 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 role will assist the Group in achieving a balance between the demands of regulators external bodies and governmental initiatives and the Groups shareholders and customers in enacting FC compliance; being alive to the political management regulatory and reputational implications of a particular decision and courses of action at a global level; assisting executive management in the development of controls and systems and influencing the way in which the business is conducted in order to manage these risks meeting Group risk appetite. The increased focus on individual liability for senior managers particularly Risk Heads makes it increasingly important for the Group to be able to evidence adequate systems and controls. The role is one where regulatory authorities have high expectations and is likely to come under scrutiny as part of any major regulatory investigation.

Youll achieve more at HSBC

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.

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