HSBC Group

Compliance is a global function that brings together all aspects of regulatory and financial crime risk management. Acting as risk stewards and incorporating a range of specialist teams, we work together with the business and leverage advanced technology to help HSBC navigate a complex regulatory landscape and embed a sustainable approach to compliance risk management that supports safe growth and serves customers fairly. Compliance aspires to continuously raise the bar and set leading standards across the industry to help HSBC safeguard its customers and the communities within which it operates

Role Purpose

• The role of Fraud Risk and Financial Crime, DBS and GF needs to work closely with Country/Regional/Global stakeholders, support the development and implementation of fraud strategies and monitors systems and processes to minimize fraud across the organization, ensuring adequate controls are in place to manage financial crime risk, and support SVP Fraud Risk and FC, DBS & GF for effective Fraud Risk and FCR Management at the country level.
• The role holder is the Fraud Risk and Financial Crime Subject Matter Expert (SME) as the country level risk steward responsible for maintaining an effective control framework and ensuring compliance with all relevant external laws & regulations, internal codes and policies and good market practices. It is also responsible for liaising with internal and external parties to monitor and resolve fraud issues and working with internal fraud operations to ensure prevention strategies are effectively implemented.
• Understand the inherent risks of Transaction Monitoring that need mitigating, and then engage Regional/Global SMEs (if required) on designing and implementing, or enhancing key controls for effective financial crime risk management.

People responsibility: N
Report to: Head of Fraud Risk and FC DBS&GF

Job Content

1. Maintain an effective control framework and to ensure compliance with all relevant external laws & regulations, internal codes and policies and good market practices.
2. Co-ordinate and manage projects, support decisions through advice, counsel or services in Fraud Risk management and Transaction Monitoring control.
3. Engage with Regional/Global Special Matters Expertise to define and implement TM control mechanisms such as key indicators, exception reports, or alerts to assess the effectiveness, and timely escalate to the Risk Owners if the controls not working effectively, along with a plan on how and when it will be fixed.
4. Provide expertise and support Global Businesses and Global Functions on Fraud Risk and Transaction Monitoring related controls
5. Report senior management and key stakeholders of the outcome of Fraud Risk and Transaction Monitoring management.
6. Proactively examine existing end-to-end process to ensure controls are in place.
7. Demonstrate excellent leadership in proactively involving business process enhancement regarding Financial Crime prevention and policy implementation.
8. Work cohesively with FC and Compliance team members and demonstrate positive working attitude to lead the overall Financial Crime awareness by all bank staff.