HSBC Group

Open positions: 1

Global Career Band: 5IC

Why join us? 

Financial Crime (FC) function is part of the Second Line of Defence (SLOD) that includes” Risk Stewards” who are independent of the commercial risk-taking activities undertaken by the Group’s businesses (also referred to as “First Line of Defence” or “FLOD”). The Risk Stewards are responsible for providing subject matter expertise, advise, guidance and effective challenge to the FLOD to ensure that, as Risk and Control owners, they effectively manage the FC risks for which they are responsible. FC risk is a non-financial risk that includes ‘Fraud,’ ‘Money Laundering, Terrorist Financing, Proliferation Financing,’ ‘Bribery and Corruption,’ ‘Sanctions or Export Controls Breaches,’ and ‘Tax Evasion.’ The FC function operates in accordance with HSBC Group’s Risk Management Framework (RMF).

The Opportunity:  

The Assistant Vice President, Risk Stewardship Sanctions role will work with a team of Sanction risk professionals supporting the Risk Stewardship activities 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.

Sanctions roles are responsible for ensuring HSBC's compliance with trade, economic and/or financial sanctions administered by the U.S. Office of Foreign Assets Control, United Nations, European Union, and HM Treasury's Financial Sanctions, protecting the organisation from financial crime. This will involve partnering businesses, developing, and implementing strategies, processes, controls, and policies and ensuring appropriate training and communications are delivered to HSBC employees.

What you’ll do:     

• The job holder will be an individual contributor reporting to VP FC CoE Risk Stewardship.

• Lead / liaison with relevant stakeholder within Global / Regional Sanctions and relevant teams to provide expertise and support on all FC risk related matters.

• Provide advice to 1LoD queries.

• 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 & Compliance, Audit & Finance, Business Lines / Functional teams, and Global / Regional / Country level teams to provide expertise and support on all Financial Crime Sanctions related matters.

• Work effectively with Rep of Sanctions and the various Reps of FC for each business lines/ subsidiaries to ensure consistency across the FC functions. 

• Implement Risk strategy, identifying weaknesses that pose significant impacts on businesses in meeting the strategic objectives.

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.

• Ability to lead change, contributing to joining up with the other teams in Risk and Compliance and Business globally.

• Ability to work independently on distinct tasks, escalating as appropriate.

What additional skills will be good to have?     

• Knowledge in MS Office Suite, MS PowerPoint & Excel is mandatory.

• ACAMS or International Compliance Association (ICA) certificate/diploma, or equivalent qualifications.

Please refer the Candidate User Guide in the below link to understand your own journey as a candidate.

https://hsbchrdirect.service-now.com/esc?id=kb_article&table=kb_knowledge&sysparm_article=KB0184596&sys_kb_id=712b5f041b1f82908d3a0fe7ec4bcbd6

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.

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(* The information contained in this job description is a true and accurate reflection of the job as specified.)