Job description

Some careers have more impact than others.

If you’re looking for a career where you can make a real impression, join HSBC and discover how valued you’ll be.

HSBC is one of the largest banking and financial services organisations in the world, with operations in 62 countries and territories. We aim to be where the growth is, enabling businesses to thrive and economies to prosper, and, ultimately, helping people to fulfil their hopes and realise their ambitions.

We are currently seeking an experienced professional to join our team in the role of CoE Risk Stewardship Line of Business Head

Business: Risk & Compliance

Role Purpose:

  • The Financial Crime (FC) 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” or “FLOD”). The FC Function also operates a set of critical controls on behalf of the FLOD by harnessing intelligence, analytics, technology, detection and investigation. The Risk Stewards are responsible for reviewing and challenging all the activities of the FLOD to ensure that, as “Risk Owners”, they effectively manage the FC risk inherent in, or arising from, the conduct of their activities and for which they are responsible. 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 FC function operates in accordance with HSBC Group’s Risk Management Framework (RMF).

  • The CoE Risk Stewardship Line of Business Head role will report into the Head of FC Risk Stewardship COE and will have the management responsibility for a team of COE risk professionals supporting the LoBs (CIB and IWPB).  They will be responsible for identifying, managing and mitigating Financial Crime risks for the business and help build the expertise in the COE teams and ensure timely advice is provided. 

Principal responsibilities

  • The role is a key risk management role with targeted remit and responsibilities including, but not limited to: 

  • Responsible to deliver the COE Risk stewardship build out and strategy through enhanced capability, consistency and collaboration.

  • Provide SME guidance to the COE LOB teams and driving the team to critically assess LOB risks and deliver high quality LOB assessments

  • Overseeing a team who are the experts in the financial crime risks providing LOB advisory support from the COE to Group, Regions and markets to maintain an effective control framework and to ensure compliance with all relevant external laws & regulations, internal codes and policies and good market practices.  

  • To ensure appropriate support is provided from the COE in 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 in the LOB activities, notably using escalation mechanisms.

  • Contributing to building a robust financial crime risk management culture and strategy through both internal and external governance, strategy and communications, as well as people management and policy adherence.

  • Provide advisory services to the line of business to ensure clear understanding of compliance risk exposure with respect to clients, transactions and products.

  • Support delivery of strategic and tactical initiatives that may be regional or global in nature for effective risk oversight and mitigation of all the countries. Work with the COE / LOB FC teams to determine thematic issues, weaknesses in country compliance capability and capacity, emerging risks and issues in the business, thematic issues with policy design, implementation and/or interpretation. 

  • The role requires strong partnership with the Group / Regional / Market FC teams and the businesses at senior levels, significant stakeholder management, leadership and people management skills. Interfaces with Legal, Audit, Risk and Compliance functions as needed

  • The role would require represent the financial crime risk agenda through senior governance 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, act as independent trusted advisory in all activities performed from the COE and during governance forums, issue management, fostering a compliance culture and optimising relations with FC stakeholders / risk owners and control owners.

  • To stay at the forefront of key regulatory changes, particularly where relevant to CIB/ IWPB including proactive communication with business appropriate on policy and framework as required  

Impact on the Business:

  • Leadership to ensure proactive approach is taken to the identification of any changes in the financial crime risk profile and potential impacts across LOB.

  • Development and continuous review for appropriateness of the control framework to monitor financial crime risk developments impacting the LOB.

  • Leadership to drive, develop and implement programmes to quantify impacts and implement actions to address, manage and mitigate impacts of financial crime related regulatory changes across LOB and the FC Risk Steward CoE.

  • Work closely with relevant stakeholders within the region to provide expertise and support on all financial crime related matters 

Customer / Stakeholders:

  • Act as the single point of contact for the LOB RS COE activities for all Financial Crime related matters

  • Lead / liase with relevant stakeholder within the region and relevant teams to provide expertise and support on all FC risk related matters.

  • Support the delivery of expertise in FC Risk Stewardship through an effective FC Risk Stewardship Center of Excellence by identifying areas that may be appropriate for migration to the Risk Stewardship COE and partner with relevant stakeholders when the CoE provides Risk Stewardship support to the business

  • Ensure that appropriate, timely and relevant risk information is provided to stakeholders and Risk Management forums.

  • Develop and maintain a strong and professional working relationship with relevant stakeholders within Risk and Compliance, Audit and Finance at Business, Group and Regional levels

Leadership and Teamwork:

  • Management responsibility for a team of professionals, including people and performance.

  • Provide leadership to, and develop, the Financial Crime COE LOB teams including close collaboration and liaison with Financial Crime leadership at Group, Regional and Market / Entity level

  • Maintain and develop positive and professional working relationships with senior business leaders, Risk and Compliance colleagues and FC Risk Stewards

  • Create an environment for the delivery of consistent performance measurement, training, career management and succession planning across the function.

  • Create an engaged, high performing team by demonstrating inclusive leadership practices, delivering an enhanced employee experience for all employee journeys and proactively building the capability of own team and others.

  • Foster a learning agile culture, promoting proactive review of lessons learned.

  • Ensure development activities are a core priority and enable all team members to take reasonable time for learning and developmental activities including taking a hands-on approach to coaching with regular & productive use of Personal Development Plans and appropriate follow up.

  • Cultivate 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.

Operational Effectiveness and Control:

  • Focus on aligning the HSBC operating practices with changes in Global FC Standards and regulatory risk, and ensure that the FC Risk Framework remains appropriate.

  • Resolve any/all identified issues promptly, and escalate concerns to management as appropriate to ensure timely awareness of any material concerns.

  • Ensure similar relevant operating practices and standards as followed by FC teams in group , egion and market is followed in the Risk Steward CoE so they can ensure the ongoing effective provision of services across Financial Crime.

  • Maintain and observe all HSBC control standards and implement and observe the Group FC Policy, including the timely implementation of recommendations made by internal/external auditors and external regulators.

  • Maintain awareness of operational risk within assigned portfolio and minimise the likelihood of it occurring including its identification, assessment, mitigation and control, loss identification and reporting.

  • Leadership over all FC compliance matters and the management of operational risk.

Management of Risk:

  • The management of financial crime risks is an integral part of the role profile. This role will continually reassess the operational risks inherent in the region taking account of changing economic or market conditions, legal and regulatory requirements, operating procedures and practices, management restructurings, and the impact of new technology.

  • This will be achieved by ensuring all actions take account of the likelihood of financial crime risk occurring and by addressing any areas of concern in conjunction with line management and / or the appropriate department.

Major Challenges:

  • 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 incumbent is required to ensure the consistent application of the highest risk management standards, notwithstanding the complexities of business operations across regions. The incumbent would identify, plan and implement change programs to ensure that HSBC remains in line with regulatory requirements across the Group.

  • This role also needs to operate within a matrix environment, requiring strong leadership skills to collaborate with multiple stakeholders and deliver results. The role holder must be able to influence senior management and articulate clear business reasons for change initiatives, within the scope of this role.

  • To drive change in culture with respect to the management of Financial Crime Risk, in accordance with the three lines of Defence model. To manage the inter-linked and competing demands of developing, implementing and improving strategic Financial Crime systems and controls on a Group wide basis, while also providing for adequate commercial view and balance.

Requisitos
  • Significant financial crime experience as a senior financial crime manager within a global firm, in the financial services industry

  • Significant knowledge of a financial crime risk framework and experience in its execution, together with knowledge of CIB/ IWPB business and products

  •  Extensive knowledge across all Financial Crime risks in the financial services industry including a background or deep understanding of operational risk.

  • Strong understanding of how controls mitigates FC Risk and the various underpinning activities forming the overall Risk Management framework

  • 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

  • Track record of resilience and confident challenge when dealing with senior stakeholders to influence change without direct responsibility for resources or budget

  • Experience of creating, leading and motivating a team

  • Experience of working within a matrixed environment preferred

  • 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 senior managers  including the capacity to articulate the case for risk management 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 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.”

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 HSBC Electronic Data Processing (India) Private LTD***