HSBC Group

Business: Financial Crime

Open positions:1

Role Title: VP, FC Detection and DE GSC's

Global Career Band: 4

Location (Country / City ): India/Bangalore/ Kolkata

Recruiter Name : Priyanka Ochani

The Opportunity:

• The Financial Crime (FC) Detection & Digital Enablement CoE is an integral part of the HSBC group’s 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.
• The Product Monitoring Global Trade Solution(GTS) and Markets and Securities Services (MSS) sub value stream ensures that essential systems, data and governance are available to enable Compliance to conduct effective and efficient investigations and analytics. The team is proactive and future-looking, shaping financial crime technology and promoting its adoption across Compliance.
• The role-holder will be a team leader and will provide specialist expertise in Product Management and Analytics capabilities to deliver the objectives and key results. This includes understanding the factors internally and externally to drive the desired outcomes and applying relevant techniques of design, develop, test, implement and monitor to models and products both ensuring sub value stream is complying with HSBC’s Product Management & Model Development Standards. 

The role holder will be responsible to execute our Data strategy; 

• Recognising data as an asset to HSBC by managing Data Risk and ensuring we are compliant with our Data standards and policies.
• Using analytics and data science to unlock the value of our data.
• Implementing and maintaining our Data Technologies

Governance and Committee Memberships

• 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.
• Leaders 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.

What you’ll do:

Principal Accountabilities and Responsibilities 

• Product Management and Data Analytics capabilities within Financial Crime Detection, plays a lead role in executing the Objectives & Key Results (OKRs) and Quarterly Business Review(QBRs).
• Model Governance Oversight in Financial Crime Detection implementing tools and technologies, Data and Analytics professionals aligned to the Global Businesses / Global Functions.
• Proactively monitor Financial Crime risks to identify key emerging trends and themes to inform the Product Monitoring and the continuous development of FC detection methodology and procedures.
• Evaluation and allocation of resources based on yearly order book to achieve desired outcome

Impact on the Business

• Drive the analysis and development of product monitoring tools
• Understand the end-to-end operating model, including the interaction of dependent systems and maintain SOPs to effectively manage the tuning process across all LOB’s & products (Payments/Trade/Securities).
• Support the Global Heads Line management with respective initiatives running for Regional & Global hit rates.
• Develop and Manage relationships with key internal stakeholders across Group functions, lines of business, regions, and countries.

Customer / Stakeholders

• Oversees 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
• Ensure appropriate timely and relevant risk information is provided to FC leadership and appropriate governance forums
• Ensure that executive and senior management in the business, functions and Compliance are advised of matters arising, and emerging trends, from further reviews and analysis.
• Drive Internal Audit/IMR to ensure that sub-value stream activities and plans take full consideration of and inform audit activity.

Operational Effectiveness and Control 

• 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.
• Where required, 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.

Leadership & Teamwork 

• Take ownership & responsibility to deliver medium to high level projects that can contribute to ‘change the bank’ initiative with appropriate governance in place.
• Represent Product Monitoring & FC Detection, leads / Senior Stakeholders in relevant forums and provide appropriate subject matter guidance
• Drive a high-performance culture across the team through effective leadership, engagement and collaboration.
• Influence through action and strong leadership with respect to establishing an effective and efficient Risk Discovery Environment, deliver very strong collaboration and influencing across the Compliance matrix
• Fostering agile culture, promoting proactive review of lessons learned. Support an inclusive environment that supports diversity and reflects the HSBC brand. Ensures effective and open communication, team building, knowledge sharing, coaching and mentoring not only within the function but to the broader organisation.
• Lead, develop and motivate the team to attract, retain and develop talent, ensuring delivery of business objectives.
• Provide sponsorship and strategic vision for People Development initiatives aligned to Financial Crime, Compliance, and Group activities.
• Advocating of developments and best practice across Financial Crime function
• Ensure effective communication across Financial Crime and the business to all key stakeholders in relation to FC Detection matters.
• Support delivers the value stream approach aligned to detection outcomes to deliver a seamless integration of cross-functional expertise

What you will need to succeed in the role:

Functional Knowledge

• Strong understanding of Global Financial Crime landscape and the various risk typologies and having good visibility to the eminent changes in landscape
• 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 Group’s 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.

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You’ll 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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