HSBC Group

Business: Risk & Compliance

Open positions:1

Role Title: Vice President – Risk Stewardship CIB GSC’s

Global Career Band: 4

Location (Country / City ): India/Hyderabad

Recruiter Name : Priyanka O

The Opportunity:

Financial Crime

• The Financial Crime (FC) 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 Global Businesses (GB) (also referred to as “the First LOD” or “FLOD”). The FC Function also operates a set of critical controls on behalf of the FLOD by harnessing intelligence, analytics, technology, detection and investigation. The Risk Stewards are responsible for reviewing and challenging all the activities of the FLOD to ensure that, as “Risk Owners”, they effectively manage the FC risk inherent in, or arising from, the conduct of their activities and for which they are responsible. 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. The FC function operates in accordance with HSBC Group’s Risk Management Framework (RMF).
• The Vice President – Risk Stewardship – CIB role will work closely with the Head of FC Risk Stewardship COE   to manage financial crime risks that they face effectively and effeciently, in addition to playing an advisory role/influence the direction of the risk discipline to effectively identify and mitigate Financial Crime (FC) risk.

What you’ll do:

• The role will also have the management responsibility for a team of FC risk stewards professionals in the COE Key responsibilities include:
• The role is a key risk management role with targeted remit and responsibilities including, but not limited to: 
• Responsible for the delivery of end results and contribute to planning, finances, budget and policy development
• Responsible for supervising a department or a functional unit/area team
• Understand Financial crime risks owned by the Global Business and help them maintain an effective control framework, including the NFR program objectives and obligations on risk stewards.
• Manage a team who are the experts in the financial crime risks providing LOB advisory support from the COE to Group, Regions and markets serviced to maintain an effective control framework and to ensure compliance with all relevant external laws & regulations, internal codes and policies and good market practices.  
• 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
• Support in providing advisory services to the line of business in order to ensure clear understanding of compliance risk exposure with respect to clients, transactions and products.
• Work with the COE / LOB FC teams to determine thematic issues, weaknesses in country compliance capability and capacity, emerging risks and issues in the business, thematic issues with policy design, implementation and/or interpretation
• Ability to translate MI of existing 1LoD controls into summaries for 2LoD Risk Stewards to highlight potential gaps, enhancements, or expansions to the Bank's overall  FC Risk coverage.
• Monitor issues management from a wide range of sources, including MSII’s, Audit Reports, Assurance reporting 
• Support with generating of reports which include KPI / KRI metrics and associated trend analysis on a monthly basis
• To ensure appropriate support is provided from the COE in second line governance of financial crime risk exposure, providing analysis, reporting and governance that is independent of the first line of defence
• Act as escalation point for complex issues

Principal Accountabilities: key activities and decision-making areas

• 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.
• Work closely with relevant stakeholders within Global Business 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.
• Respond swiftly and clearly to  FC stakeholders / Business’s evolving requests and requirements.

Customer / Stakeholders

• Lead / liaison with relevant stakeholder within markets 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, Group and Regional levels

Leadership and Teamwork

• Management responsibility for a team of professionals, including people, performance, budget and planning decisions
• Share best practice with teams in the regions and globally.
• Maintain and develop positive and professional working relationships with senior business managers across markets. 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.
• Ensure development activities are a core priority and enable all team members to take reasonable time for learning and developmental activities including taking a hands-on approach to coaching with regular & productive use of Personal Development Plans and appropriate follow up.

Operational Effectiveness and Control

• Focus on aligning the HSBC operating practices with changes in Global FC Standards 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 Group Compliance 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 compliance 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 the Markets 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.

Local Job Requirements

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 Financial Crime 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 support the relevant risk stewards in the regions/markets and report to the CoE Risk Stewardship Line of Business Head.
• This can involves 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 stakeholders and Head of Risk Stewardship COE as appropriate. The nature of the role requires close working contact with senior executives across the Group, region /market teams. 

What you will need to succeed in the role:

Certifications, Qualifications and Experience

• Significant experience in Financial Crime Risk management advisory or similar Risk function.
• Proficient knowledge of a financial crime risk framework and experience in its execution, together with knowledge of CIB/ IWPB business and products
• Proficient knowledge across all Financial Crime risks in the financial services industry including a background or deep understanding of operational risk.
• Strong understanding of how controls mitigates FC Risk and the various underpinning activities forming the overall Risk Management framework.
• Experience in leading a team / group of individuals
• Experience of working within a matrixed environment preferred including reporting internationally.

Skills

• Excellent communication and inter-personal skills, with experience of dealing with executives at all levels 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.

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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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