HSBC Group

Why join us? 

The Financial Crime (FC) Function is a Second line of defense (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 Opportunity:

The Assistant Vice President  Risk Stewardship – Sanction role will work with for a team of Sanction risk professionals supporting the Risk stewardship teams across Group / Regions and Markets, in addition to playing an advisory role/influence the direction of the risk discipline to effectively identify and mitigate Financial Crime (FC) risk.

What you’ll do:

• Monitor Trade, Economic and Financial Sanctions (including sanctions programs administered by the U.S. Office of Foreign Assets Control, United Nations, European Union and HM Treasury’s Financial Sanctions, (collectively referred to herein as “Sanctions”), and Global RMF to meet legislative and regulatory requirements.
  
• Assist Global / Regional Sanctions Risk Stewards in providing oversight and management, of all aspects of Financial Crime Risk Sanctions including impact analysis of regulatory changes.
  
• Collate potential breaches of sanctions from across the business lines & subsidiaries, review reporting made and escalate to Global / Regional `Sanctions Risk Steward.
  
• Stay at the forefront of key regulatory changes to ensure proactive communication with business and implement appropriate policy and framework to manage the changes.
  
• Participate in and work with relevant local industry bodies and groups in relation to Sanctions related initiatives, trends and proposals.
  
• Provide advice to business across on risk associated with prospective business, products and service and design mitigation controls and implement strategies as appropriate.
  
• Managing Breach reporting (Mostly, sanctions policy breach write-up currently by Sanctions team)
  
• Managing incident escalation and reporting (prepare escalation up to Global / Regional sanctions, core incident write-up including detailing root causes and actions and deep drive analysis and potential read-across reviews will continue to be decisioned by relevant Sanctions team)
  
• Coordinate governance inputs (e.g., Risk Map, RMM, Risk Committee, FC ExCo, Country/Regional /Global forums), and track NFR Risk Steward Maturity Assessment, RAPID2, IRIS, Helios and Engage.
  
• Preparing the Global / Regional Sanctions monthly MI reporting.

What you will need to succeed in the role: 

• Experience in Financial Crime Risk management advisory or similar Risk function. 
  
• Proficient knowledge of Sanctions risk, Export control breaches, Screening and Payment transparency in the financial services industry.
• Working experience of how controls associated with Sanctions risk mitigate FC Risk and the various underpinning activities.
  
• Understanding of how controls address the underlying FC Risk and associated aspects forming the overall Risk Management framework.
  
• Excellent communication and inter-personal skills, with experience of dealing with stakeholders  including the capacity to articulate the case for risk management. 
  
• Experience of interpreting and analysing a large volume of information and / or data and provide succinct summary for management.  

What additional skills will be good to have?

• Providing Expert Advice and Robust Challenge
  
• Delivering Risk Steward Policies
  
• Oversee, Review, and Challenge Risks and Controls
  
• Understanding and Applying Risk Management in Context
  
• Experience in leading a team / group of individuals is desirable

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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