HSBC Group

Business: FC CoE Risk Stewardship

Open positions: 1

Role Title: Assistant Vice President, Anti Bribery and Corruption (AB&C) Risk Stewardship – CoE GSC’s

Global Career Band: 5

Location (Country / City ): Hyderabad / Bangalore

Recruiter Name :  Geetika Gupta

The Opportunity:

• Financial Crime (FC) function is part of the Second Line of Defense (SLOD) activity 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 Defense” 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 job holder role is to work with a team of FC professionals supporting the Risk stewardship teams across Global, Region, Markets, Lines of Business and Functions. In addition, the job holder will play an advisory role and influence the direction of the risk discipline to effectively identify and mitigate FC risk.
• The Anti Bribery and Corruption (AB&C) role holder is responsible to ensure that HSBC conducts business in compliance with AB&C rules and regulations in addition to internal HSBC policies and procedures. The role holder will play a critical role in ensuring they provide subject matter expertise to the FLOD as well as Risk and Control owners.

Role Overview

• Requires close working relationship with all stakeholders at various levels of Global, Region, Markets, Lines of Business and Functions.
• Possesses good knowledge on AB&C risks and processes including Gifts and Entertainment and Third Party management, banking legislation and regulations, operations, audit, and risk & control concepts in order to manage and execute the FC functions in line with Global FC policy and RMF.
• Possesses sound understanding of key AB&C laws and regulations including the Foreign Corrupt Practices Act (FCPA), United Kingdom Bribery Act (UKBA) and similar legislation.
• Highly organized and exhibit the ability to act independently and exercise discretion with minimal guidance and supervision.
• Has a critical thinking mentality thereby quickly understanding the FLOD queries and provide accurate responses / challenges. 
• Possesses knowledge of Risk Strategy and Operational risk concepts.
• Implements and contributes to the plan established by the relevant Senior stakeholders.
• Able to act in an organized and timely manner.

Governance and Committee Memberships: Participate and / or represent FC ABC team at any relevant FC / Non-Financial Risk (NFR) forums hosted by SLOD as appropriate.

What you’ll do:

Principal Accountabilities: key activities and decision making areas

• Provide subject matter expertise advise, and guidance to First line of Defense
• Provide support in managing FC risks by providing oversight and direction of the business controls as described in the Global Line of Business procedures and HSBC Global Policies and Procedures.
• Engage with FLOD and SLOD to ensure transparency relating to risks and control assessments, ongoing control remediation plans and trigger events oversight for both internal and external events.
• The role requires strong partnership at a Global, Regional and Country level working across the entire FC structure as well as with the lines of business and functions including DBS where applicable.
• Preparation, review, challenge and consolidation of accurate data, reports, and presentation packs for key executive meetings / forums.
• Support in developing and maintaining the risk steward view of the effectiveness of the financial crime risk framework and ensure that this view is communicated consistently to relevant risk governance meetings.
• Support with the analysis of Global, Regional and Country audit and assurance reports and ensure all identified issues have the appropriate action plans and the responsible owners are executing to plan to meet the completion deadline on time.

Impact on the Business/Function across the region

• Critically assess and challenge the FLOD, Risk and control owners as appropriate.
• Develop and implement best practice standards, and procedures to govern the execution of oversight and reporting.
• Proactive approach to the identification of FC risk change and potential impacts with insightful analysis and prioritization of relevant information.
• Maintain the documents of record of the FC Risk Steward relevant activities.
• Support stakeholders by providing regular/ad-hoc briefings on various FC topics.
• Analyze emerging issues and risks and identify appropriate FC related trends.
• Represent FC in relevant governance forums and attend to all internal and regulatory audits and inspections relevant to the business covered.
• Support Projects as SME support (FC performance, Governance planning, Training etc.)

Typical Targets and Measures

• Timely, clear and risk-based advice provided and documented.
• Provide constructive and balanced advice leading to good conduct and risk management outcomes.
• Any significant compliance issues reported appropriately and in a timely manner.
• Review standard audit reports, compliance reviews and reports and take the appropriate action regarding any significant compliance or reputational exceptions.
• Applicable standards, policies and procedures are developed and implementation approach established and documented
• Reporting / outcomes meets high standards of quality and timeliness.
• Clear metrics are presented to senior executives with clear analysis relevant to AB&C risk (‘so what’).
• Update stakeholders on the changing dynamics of FC risks regularly.
• Close working relationship maintained with the Risk Stewardship and Strategy stakeholders in Global, Region and Country

Leadership & Teamwork

• Drive and encourage constructive cross-country and cross-business teamwork by demonstrating collaboration and matrix management in action and taking prompt action to address any activities and behaviours that are not consistent with HSBC's diversity policy and/or the best interests of the business and its customers.
• Work effectively as part of a team, taking the lead where appropriate and contributing to team output and collaboration through communication, initiative / being pro-active, cooperation, ownership and identification of improvements.
• Support in developing and communicating a powerful and compelling vision that inspires and engages people with the HSBC values and goals as the basis of an inclusive, high performance, customer-centered culture.

Typical Targets and Measures

• Update the Regional Senior Management on the changing dynamics of FC risks regularly.
• Strategies and policies to be developed and communicated clearly and in a timely manner. 
• Close working relationship maintained with the Regional Head of Risk Strategy & Framework
• Communicates effectively and professionally, and conveys the key information needed to ensure compliance goals are met (as assessed by supervisor).
• Coordinates with teammates to understand status and ensure timely completion of deliverables.

Operational Effectiveness & Control

• Support to drive the continuing development or transformation of the Financial Crime operating model to ensure the business operates increasingly effectively and efficiently and is able to deliver HSBC's strategic goals.
• Support to establish and maintain a robust and efficient control environment across Financial Crime to ensure good operational, financial and project management and compliance with HSBC policy and procedures, together with early identification and effective resolution of issues that arise.
• Support to lead the development, implementation and maintenance of a Regional and designated Markets management information, analysis and reporting framework that supports and informs timely and effective business management and decision making at all levels.
• Support with embedding of Global FC Policy and governance frameworks across Financial Crime function to ensure quality, effective risk management and regulatory adherence.
• Proactively identify, manage and mitigate control and process failures and, work with first line of defense to introduce remediation plans.
• 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.

Management 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.
• Any concerns must be escalated through line management as soon as they become apparent.

Observations of Internal Controls

• The jobholder will also adhere to and be able to demonstrate adherence to internal controls. This will be achieved by adherence to all relevant procedures, keeping appropriate records and, where appropriate, by the timely implementation of internal and external audit points, including issues raised by external regulators.
• 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.
• The nature of the role requires close working contact with Global, Region, Markets, Senior Executives in FC, Lines of Business and Products and other functional areas such as DBS /Technology / Legal etc.

Major Challenges

• The jobholder is responsible for managing and mitigating operational risks in their day to day operations. In executing these responsibilities, the Group has adopted risk management and internal control structure referred to as the ‘Three Lines of Defense’. The jobholder should ensure they understand their position within the Three Lines of Defense, and act accordingly in line with operational risk policy, escalating in a timely manner where they are unsure of actions required.
• Through the implementation the Global FC Policy, and Line of Business Procedures the jobholder will make informed decisions in accordance with the core principles of HSBC's Financial Crime Risk Appetite. Continuously reassessing risks associated with the role and inherent in the business, taking account of changing economic or market conditions, legal and regulatory requirements, operating procedures and practices, management restructurings, and the impact of new technology.

Role Dimensions

• The job holder will be an individual contributor reporting to Vice President, Risk Stewardship - CoE.

What you will need to succeed in the role:

Functional Knowledge

• The jobholder must have an overall work experience of 8-10 years in the banking / financial services industry.
• At least 4-5 years’ experience in Financial Crime or Business Risk functions.
• Strong understanding of AB&C risks and how FC controls mitigates the AB&C risk and the various underpinning activities forming the overall Risk Management framework.
• Working knowledge of the Global Non-Financial Risk (NFR) Framework and Technical User Guides (TUG) – Preferred.
• Interpersonal Skills (i.e., collaboration and networking) with experience of dealing with stakeholders including the capacity to articulate the case for risk management.
• Excellent communication skill (oral, written, and presentational) with the ability to influence others through use of compelling facts, thought-provoking discussion and logic and use diplomacy and tact to resolve differing views.
• Experience of interpreting and analyzing a large volume of information and / or data and provide succinct summary for management. 
• Ability to support change initiatives and projects, 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 and able to "connect the dots" and critically analyze situations, recommend effective solutions to problems, and identify or anticipate regulatory concerns.
• Strong critical thinking and analytical skills. Ability to make informed risk-based decisions with robust supporting rationale.
• Effective time management & prioritization skills with an ability to prioritize competing demands and deliver against stringent deadlines.
• Knowledge in MS Office Suite, MS PowerPoint & Excel is mandatory. VBA / Macros knowledge will be added advantage.
• ACAMS or International Compliance Association (ICA) certificate/diploma, or equivalent qualifications (Preferred)

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You’ll achieve more at HSBC

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