HSBC Group

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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 AML, Hong Kong.

Role purpose 

• The Head of AML, Hong Kong is the accountable executive focused on and responsible for ensuring that operations are effective to ensure HSBC Hong Kong manages the Anti-Money Laundering (AML), Anti-Tax Evasion Facilitation (ATEF), Anti-Bribery & Corruption (ABC), Terrorist Financing and Proliferation financing ( hereafter collectively referred to as “AML” in this job description) risk faced by the Hong Kong Business.
• Reporting to Head of Financial Crime Oversight, Hong Kong on both entity and functional basis.

Principal Accountabilities and Responsibilities

• Provide effective oversight of the operational effectiveness of critical policies and systems covering AML that ensure that the HSBC Hong Kong exposure to financial crime and related reputational risk is managed, in a commercially sensitive, practical and cost effective manner.
• The articulation of HSBC Hong Kong risk appetite and policies with respect to money laundering, tax evasion, terrorist financing, proliferation financing, bribery and corruption.
• Accountable for implementing financial crime policy such as money laundering, tax evasion, terrorist financing, proliferation financing, bribery and corruption risk management framework to meet requirements and legislation in the market.
• Accountable for implementing the Bank’s strategy, policy and standards, controls, systems and policies are being implemented at the market level.
• The role holder is responsible for the setting and maintenance of the overall strategic direction for AML related areas across Lines of Businesses and Group Infrastructure within HSBC Hong Kong, working collaboratively with the Lines of Business and other Risk and Compliance functions.
• To provide strategic direction and guidance to AML related issues including the development and implementation of a robust risk management framework.
• To embed and subsequently manage the AML related escalation/case advisory activity, and also oversee market’s overall AML strategy, policy & standards, controls and systems at HSBC Hong Kong level.
• Act as the Subject Matter Expert Risk Stewards providing advice and challenge to the Lines of Business and Group Infrastructure on AML related areas.
• Act as principal point of contact for internal and external stakeholders in relation to AML related risks
• Lead the team to work with relevant contacts in Global Businesses and Group Infrastructure to ensure consistent and effective application and implementation, and controls to evidence relevant standards, policies and procedures

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 AML risk management
• 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.

Opening up a world of opportunity

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Issued by The Hongkong and Shanghai Banking Corporation Limited.

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