HSBC Group

GCB 3

Some careers grow faster than others. 

If you’re looking to take an exciting new direction with your HSBC career, an internal move can open the door to many opportunities, allowing you to take on a new challenge, and develop your skills. Bring your knowledge of our brand to a new role and grow yourself further.

The Financial Crime function is a Second line of defence (LOD) function that includes ”Risk Stewards” who are independent of the commercial risk-taking activities undertaken by the Group’s businesses (also referred to as “the First LOD”). These Risk Stewards are responsible for reviewing and challenging the activities of the the First LOD to ensure that, as “Risk Owners”, they effectively manage the financial crime risk inherent in, or arising from, the conduct of their activities and for which they are responsible. Financial crime 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.  The Financial Crime function operates in accordance with HSBC Group’s Risk Management Framework (RMF).

We are currently seeking an experienced individual to join this team in the role of Head of Financial Crime WPB, Hong Kong.

Role purpose

• The Head of Financial Crime Wealth and Personal Banking (‘WPB’), Hong Kong is accountable executive responsible to ensure that HSBC’s operations in HSBC Hong Kong for WPB business are effective in identifying, managing and mitigating Financial Crime risks and ensure timely oversight and advisory is provided to the WPB business.
• Reporting to Head of Financial Crime Oversight, Hong Kong on both entity and functional basis.

Principal Accountabilities and Responsibilities

• Management of financial crime specialists who face off to the stakeholders and product teams as relevant within WPB across HSBC Hong Kong, requiring strong stakeholder management skills and the ability to build partnerships to drive and accelerate the execution of financial crime risk management programmes that directly impact business performance. 
• Accountability for the implementation of financial crime policies into the WPB business and ensuring a clear understanding of financial crime risk exposure with respect to clients, transactions, staff and products.
• Providing effective oversight of the operational effectiveness of critical policies and systems covering financial crime that ensure that the WPB exposure to financial crime and related reputational risk is managed, in a commercially sensitive, practical and cost-effective manner.
• Acting as a trusted advisor to the senior executive stakeholders in WPB (covering HSBC Hong Kong as well as the leadership of the Risk and Compliance function, on all material financial crime risk and related reputational issues involving WPB that arise in relation to the operational management of financial crime risk including the delivery of strategic and tactical initiatives for effective risk oversight and mitigation.  These include but are not limited to weaknesses in capability and capacity, emerging risks and issues in the business, thematic issues with policy design, implementation and/or interpretation.  
• The articulation of financial crime risk appetite and policies with respect to financial crime risk faced by WPB across HSBC Hong Kong. 
• To serve as the financial crime risk steward for WPB in relevant governance meetings to report on progress and issues in relation to the operational effectiveness of HSBC’s policies, processes, systems and controls in countering financial crime. 
• To ensure second line governance of financial crime risk exposure, providing analysis, reporting and governance that is independent of the first line of defence, thereby maintaining an objective assessment of risk exposure in WPB. 
• Contributing to building a robust financial crime risk management culture and strategy through both internal and external governance, strategy and communications, as well as people management and policy adherence.
• To stay at the forefront of key regulatory changes, particularly where relevant to WPB to ensure proactive communication with the business and contribute to appropriate policy and framework changes

Functional Knowledge

• Significant financial crime experience as a regulator, investigator, or a senior financial crime manager within a global firm, in the financial services industry, with subject matter expertise and experience in delivering financial crime risk management
• Thorough understanding of WPB business with practical knowledge of broad range of WPB products and services. 
• Successful track record in strategic leadership and influencing is essential, in particular the application of this skill in areas outside their direct span of control. 
• Significant knowledge of a financial crime risk framework and experience in its execution, together with knowledge of HSBC business and products.
• A background or deep understanding of operational risk is also highly desirable. 
• Track record of resilience and confident challenge when in dealing with senior stakeholders to influence change without direct responsibility for resources or budget. 
• Experience of dealing with regulatory matters and confident interaction with Regulators.
• Experience of creating, leading and motivating a team.
• Experience of working within a matrixed environment preferred.
• Significant leadership experience and an experienced strategic thinker.
• Excellent communication and inter-personal skills, with experience of dealing with executives at all levels.

Skills

• Role model leadership, communication and influencing skills, with experience of dealing with executives at all levels including the capacity to articulate the case for risk management and policy in the language of business.
• Ability to develop practical, cost effective solutions to what are often complex global issues.
• Ability to lead change, coordinating with other teams globally.
• Ability to interpret and analyse a large volume of information and / or data and provide succinct summary for senior management.
• Ability to prioritise conflicting demands and problem solve in a dynamic environment.

Your local internal application policy should be followed. For internal applicants in Hong Kong with less than twelve months in their current role, please also obtain and enclose the endorsement from your current line manager in the application as well; for more information, you can visit HRDirect and search for content "HKG: Do I need any approval to look for internal career opportunities?".

Opening up a world of opportunity

HSBC is 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. 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.

Issued by The Hongkong and Shanghai Banking Corporation Limited.