HSBC Group

Business: Risk & Compliance

Open positions:1

Role Title: AVP, FC Risk Stewardship, Sanctions GSC’s

Global Career Band: 5

Location (Country / City ): India/Hyderabad

Recruiter Name : Geetika Gupta

What you’ll do:

• The following principal accountabilities are aligned to the Financial Crime Services and Processes Model.

Impact on the Business

• Proactive approach to the identification of FC risk change and potential impacts.
• Identify FC Risks in the relevant business and provide necessary assessments and solutions, including establish and implement strategic policies which ensure exposure to current risks and emerging arising risk is managed appropriately.
• Represent FC in relevant governance forums and attend to all internal and regulatory audits and inspections relevant to the business covered.
• Work closely with relevant stakeholders within Group, Regions, Functions (including DBS) and ServCo to provide expertise and support on all financial crime related matters.
• As one of the managers within the FC organization, the incumbent should drive consistency in messaging throughout the organization and building a culture of transparency between FC and 1LOD.
• Support Sanctions risk Projects as SME support (Policy / Procedure, Analytics, Training etc.)

Customer / Stakeholders

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

Leadership and Teamwork

• Work closely with Line Manager to provide guidance and support in the management of the team.
• Drive attainment of functional/functional unit results
• Share best practice with teams in the regions and globally.
• Maintain and develop positive and professional working relationships with senior business managers at the Group and Regional levels. Lead by example, demonstrating excellent behaviours in line with HSBC core values.
• Assist in recruitment, retention and development of colleagues and take responsibility for own development.
• Work effectively as part of a team, taking the lead where appropriate and contributing to team output and collaboration.
• Foster a learning 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.

Operational Effectiveness and Control

• Focus on aligning the HSBC operating practices with changes in Global FC policy 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.
• Maintain and observe all HSBC control standards and implement and observe the Global 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 matters and the management of operational risk.
• Ability to clearly identify FC risks and provide necessary analysis, advice, solutions and support.
• Ability to interpret regulatory developments and advise on its impact to business, provision of practical and compliant solutions.
• Ability to deal with Senior Management and Business in a professional and proactive manner.

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 FC by 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.

Observation of Internal Controls

• Managers 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.

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 FC 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.

Role Context

• The role will report to the Vice President Risk Stewardship – Sanctions
• This can involve dealing with major issues for which there is no clear-cut solution whilst still being able to provide judgment and clear direction. Where items of major consequence are involved, engagement with the relevant top-level management will be expected, directly and through collaboration with Vice President Risk Stewardship – Sanctions and Head of FC Risk Stewardship COE, as appropriate.

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. 
• 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.
• Experience in leading a team / group of individuals is desirable

Link to Candidate User Guide:

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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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