HSBC Group

Business: Financial Crime

Open positions:1

Role Title: Analyst, FC Detection & DE GSC’s

Global Career Band: 6

Location (Country / City ): India/Kolkata

Recruiter Name : Geetika Gupta

The Opportunity:

• The Financial Crime (FC) Detection & Digital Enablement CoE is an integral part of the HSBC group’s Financial Crime function. The CoE helps detect and mitigate FC Risks across HSBC group and regions through conceptualization, development, deployment and maintenance of FC Detection solutions. 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.
• Data and Analytics Professionals at HSBC have responsibility for executing our HSBC Data Strategy. Their responsibilities are threefold:
• Recognising data as an asset to HSBC by managing Data Risk and ensuring we are compliant with our Data standards and policies.
• Using analytics and data science to unlock the value of our data.
• Implementing and maintaining our Data Technologies.

What you’ll do:

• Build insights and data assets aligned to business outcomes and strategic data models.
• Gather detailed data requirements from stakeholders to deliver analytics use cases (e.g. triggers).
• Deliver analytics PoCs that allow our businesses and clients to identify new opportunities.
• Leverage current and emerging data and analytical techniques to address business challenges in an actionable way.
• Unlock opportunities to derive higher returns with improved Data Quality.
• Uncover data inconsistencies across consuming systems.

Impact on the Business

• Undertaking analysis and development role in support of sanctions screening requirements associated with Transaction Screening-  Reviewing the Transaction and coming up with appropriate tuning solutions
• Managing the Global hit rates and demonstrate reduction in false alerts by using proactive/reactive tuning
• Contributing to the development of Transaction Screening and data tuning solutions with appropriate, controls and metrics in place.

Customer / Stakeholders

• Develop and Manage relationships with key internal stakeholders across Group functions, lines of business, regions, and countries.
• Facilitate the sharing of information and creation of feedback loops across the firm, with particular focus on wider FC Detection stakeholder to continuously adapt and improve change management and optimisation.
• Oversees the support and coordination capability necessary to manage the response to high priority FC Detection Feedback requiring a coordinated response across Group Financial Crime functions, Compliance, lines of business, regions, or countries.
• Develop and maintain a strong and professional working relationship with Senior Management of FC, Risk, Audit and Finance at Business, Group and Regional levels
• Ensure appropriate timely and relevant risk information is provided to FC leadership and appropriate governance forums

Operational Effectiveness and Control

• Drive the articulation and embedding of FC Detection Optimisation controls. Ensure that these are updated for changes in regulation and impacts on business.
• 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 relevant policies, including the timely implementation of recommendations made by internal / external auditors and external regulators.
• Where required, support the articulation and embedding of framework, policies, procedures, and controls as they relate to FC Controls.
• Maintain awareness of operational risk within the value stream and minimise the likelihood of it occurring including its identification, assessment, mitigation and control, loss identification and reporting.
• Develop and present options to implement controls whilst retaining full benefit from investment in systems.

Leadership & Teamwork 

• Ensure effective communication across Financial Crime and the business to all key stakeholders in relation to FC Detection matters
• Support the sharing of developments and best practice across the wider FC Function
• Support deliver the value stream approach aligned to detection outcomes to deliver a seamless integration of cross-functional expertise
• Maintain and develop positive and professional working relationships with senior business leaders, Risk and Compliance colleagues at Group, Regional and Market / Entity level
• 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

What you will need to succeed in the role:

Functional Knowledge

• Knowledge of Sanctions policy and role played by regulators i.e OFAC, PRA, HKMA etc.
• Knowledge of 3 Lines of Defense

Others

• 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 role will assist the Group in achieving a balance between the demands of regulators, external bodies and governmental initiatives and the Group’s shareholders and customers in enacting FC compliance; being alive to the political, management, regulatory and reputational implications of a particular decision and courses of action at a global level; assisting executive management in the development of controls and systems and influencing the way in which the business is conducted in order to manage these risks, meeting Group risk appetite. The increased focus on individual liability for senior managers, particularly Risk Heads, makes it increasingly important for the Group to be able to evidence adequate systems and controls. The role is one where regulatory authorities have high expectations and is likely to come under scrutiny as part of any major regulatory investigation.

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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