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Financial Crime Compliance aligns current activities within Global Risk and helps to build these into an integrated framework to conduct Customer Due Diligence which enables HSBC to manage financial crime risk more effectively. It builds stronger controls to improve the way Financial Crime Compliance risks are managed in order to spot gaps as well as trends so that the team can take action. It proactively gathers and analyses financial intelligence in a smart way so that suspicious transactions, activities or connections can be identified, and we can adequately protect our customers from the threat of financial crime.

We are currently seeking a high calibre professional to join our team as a Senior Manager, Tax Transparency, Financial Crime Asia Pacific.

Principal Responsibilities

The Senior Tax Transparency Manager role holder assists the Head of AML for supporting the end-to-end risk management in relation to Tax Transparency including (but may not be limited to) the following activities:

In this role you will:

• Strategy: Assist the Head of AML to implement strategic direction, vision and champion Tax Transparency capabilities across HSBC, ensuring there is a robust risk management framework in place
• Advisory: Pro-actively provide Tax Transparency advice with respect to Global Businesses/Infrastructure. Perform oversight and risk stewardship of the tax evasion facilitation risks inherent in third party relationships and the measures taken to mitigate such risks. Engage closely with Third Party Management and relevant Businesses and Infrastructure
• Policy: Monitoring compliance of the Tax Evasion Facilitation components in the Global FC Policy across the region. To observe Tax Transparency related regulations and legislation implementing in line with Group policies and risk appetite. Perform a gap analysis against Group procedures and practices producing addenda as required
• Framework: Provide risk steward oversight of Tax Transparency requirements and the wider Tax Transparency programme, working across Global Businesses/Infrastructure and markets. Pro-actively engage (and provision of support and sharing of best practice where required) with Tax Transparency colleagues globally
• Training: Provide SME support to region-led training programmes or bespoke Tax Transparency training to first and second line on an ad-hoc basis
• Non-Financial Risk (NFR): Delivery of effective stewardship in line with the NFR steward roles & responsibilities in relation to Tax Transparency activities, for example the Risk Taxonomy and Control Library (including Risk and Control Assessment stewardship), economic capital scenario analysis
• Reporting/Governance and MI: Responsible for risk reporting requirements for Tax Transparency, to produce periodic reports or supporting documentation for relevant Group / Regional governance committees or working groups for example monthly Risk Map Commentary, Top and Emerging Risk Reports and Control Effectiveness Reports. Perform risk steward oversight on tax evasion facilitation MI dashboard including working with market colleagues to deliver a monthly MI commentary report. Engage closely with Third Party Management with respect to third party risk MI development and oversight
• Projects & Change Initiatives and Communication: To co-ordinate and manage projects (where applicable). Enable in reviewing the change initiatives driven at the market level. Collate content for, produce and distribute the Group / Regional FC materials and communicate

To be successful you will need:

• Strong corporate, international and operational Tax Transparency knowledge and experience. A tax professional qualification (Chartered Accountant, Chartered Tax Accountant, qualified lawyer or equivalent) would be advantageous although not essential
• Experience in Financial Crime Risk management advisory or similar Risk function is preferred. A background or strong understanding of operational risk is highly desirable
• Knowledge of Tax Transparency risks in the financial services industry. Working experience of how Tax Transparency control mitigates 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. Experience of interpreting and analysing a large volume of information and / or data and provide succinct summary for management
• Ability to develop efficient and effective solutions to complex operational issues. Ability to work independently on distinct tasks, escalating as appropriate. Ability to prioritise conflicting demands and problem solve in a dynamic environment
• Track record of resilience and confident challenge when in dealing with business stakeholders to influence change
• Excellent communication and inter-personal skills. Fluent in spoken and written English
• Track record of resilience and confident challenge when in dealing with business stakeholders to influence change

Opening up a world of opportunity
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