HSBC Group

GCB 3

Some careers grow faster than others.

If you’re looking for a role where you can continue to make an impression, take the next step at HSBC where your contributions will always be valued.

The Financial Crime function is a Second line of defence (LOD) function that includes ”Risk Stewards” who are independent of the commercial risk-taking activities undertaken by the Group’s businesses (also referred to as “the First LOD”). These Risk Stewards are responsible for reviewing and challenging the activities of the First LOD to ensure that, as “Risk Owners”, they effectively manage the financial crime risk inherent in, or arising from, the conduct of their activities and for which they are responsible. Financial crime 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.  The Financial Crime function operates in accordance with HSBC Group’s Risk Management Framework (RMF).

We actively encourage UAE nationals to apply to this role to support UAE Governments nationalization initiatives.

We are currently seeking a high caliber professional to join our team as Head of Financial Crime UAE.

Role Purpose

Principal Accountabilities and Responsibilities

The role has a broad remit and responsibilities covering:

• The Accountable Executive for countering financial crime for UAE with delegated responsibilities from Head of Financial Crime, Middle East, specific to HSBC UAE, as set out in formal delegation letters as per SMR requirements. 
• Provide effective oversight of the operational effectiveness of critical policies and systems covering financial crime that ensure that the UAE exposure to financial crime and related reputational risk is managed, in a commercially sensitive, practical and cost-effective manner.
• The articulation of UAE risk appetite and policies with respect to financial crime risk. 
• Direct oversight of the identification, analyses and investigation of Financial Crime risk to support informed risk management and effective information sharing with internal and external stakeholders (including government entities eg Regulators and Law Enforcement), grounded in advanced analytics and technology. 
• Act as a trusted advisor to the UAE senior executive stakeholders (including the leadership of the Risk and Compliance function) on all material financial crime risk and related reputational issues involving UAE that arise in relation to the management of financial crime risk.
• Coordinate a consistent approach to managing UAE positive relationship with its regulators and ensuring timely reporting and disclosure of relevant information both to our regulators and within the Group in relation to financial crime matters and to stay at the forefront of key regulatory changes, particularly where relevant to UAE, to ensure proactive communication with business and contribute to appropriate policy and framework changes.
• Serve as the financial crime risk steward for UAE in relevant governance meetings or forums to report on progress and issues in relation to the operational effectiveness of HSBC’s policies, processes, systems and controls in countering financial crime. To exercise risk steward challenge on Financial Crime risks, act as independent trusted advisor in governance forums, issue identification and resolution management, fostering a compliance culture and optimizing relations with risk owners and control owners.
• Ensure second line governance of financial crime risk exposure, providing analysis, reporting and governance that is independent of the first line of defence, thereby maintaining an objective assessment of risk exposure. 
• Lead the UAE Financial Crime team, establishing guiding principles and strategic operational objectives, owning budgeting and managing costs, headcount and resources to ensure that the UAE Financial Crime team is fit for purpose and that the team’s delivery of its critical services is both effective and cost-efficient.
• Drive the implementation of policy related to Financial Crime risk arising out of changes in Financial Crime environment in the UAE.

Functional Knowledge

• Significant financial crime experience as a regulator, investigator, or a senior financial crime manager within a global firm, in the financial services industry. 
• Successful track record in strategic leadership and influencing is essential, in particular the application of this skill in areas outside their direct span of control. 
• Significant knowledge of a financial crime risk framework and experience in its execution, together with knowledge of HSBC business and products.
• A background or deep understanding of operational risk is also highly desirable. 
• Track record of resilience and confident challenge when in dealing with senior stakeholders to influence change without direct responsibility for resources or budget. 
• Experience of dealing with regulatory matters and confident interaction with Regulators.
• Experience of creating, leading and motivating a team.
• Experience of working within a matrixed environment preferred.
• Significant leadership experience and an experienced strategic thinker.
• Excellent communication and inter-personal skills, with experience of dealing with executives at all levels. 

Skills

• Role model leadership, communication and influencing skills, with experience of dealing with executives at all levels including the capacity to articulate the case for risk management and policy in the language of business.
• Ability to develop practical, cost-effective solutions to what are often complex global issues.
• Ability to lead change, coordinating with other teams globally.
• Ability to interpret and analyse a large volume of information and / or data and provide succinct summary for senior management.
• Ability to prioritise conflicting demands and problem solve in a dynamic environment.

You’ll achieve more when you join HSBC.

For further details and application information please visit our careers site, searching under reference number. (ID: 0000LI0M) or reach out to Zara (Leadership Talent Acquisition Partner Asia) via email  zara.chaal@hsbc.com.hk

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.

Issued by The Hong Kong and Shanghai Banking Corporation Limited.