HSBC Group

Business: Financial Crime

Open positions:1

Role Title: Senior Analyst, FC Detection and DE GSC’s

Global Career Band: 6

Location (Country / City ): India/Kolkata/Bangalore

Recruiter Name : Geetika Gupta

The Opportunity:

• The Financial Crime (FC) Detection & Digital Enablement CoE is an integral part of the HSBC group’s Financial Crime function. The CoE helps detect and mitigate FC Risks across HSBC group and regions through conceptualization, development, deployment and maintenance of FC Detection solutions. 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 Product Monitoring team ensures that essential systems and data are available to enable Compliance to conduct effective and efficient investigations and analytics. The team is proactive and future-looking, shaping financial crime technology and promoting its adoption across Compliance. The role is based in Markets and security services (MSS) for financial crime detection and prevention.
• Data and Analytics Professionals at HSBC have responsibility for executing our HSBC Data Strategy. Their responsibilities are threefold:
• Recognising data as an asset to HSBC by managing Data Risk and ensuring we are compliant with our Data standards and policies.
• Using analytics and data science to unlock the value of our data.
• Implementing and maintaining our Data Technologies.

What you’ll do:

Principal Accountabilities and Responsibilities (e.g., for Business, Customers and Stakeholders; internal control environment, etc.)

• Recognising data as an asset to HSBC by managing Data Risk and ensuring we are compliant with our Data standards and policies.
• Using analytics and data science to unlock the value of our data.
• Applying new age technologies like Python, GCP Cloud, GitHub to develop business rules and risk factors
• Develop methodology and data driven approach to optimize the model
• Analyse data and find insight to support the functioning of model
• Help in roll out of model in multiple countries as per plan.
• Model monitoring and model governance for the Financial Crime Risk model.
• They will ensure compliance with HSBC’s Model Development Standards, remain abreast of latest developments in Modelling tools and techniques and advise leadership on maintaining market leading capabilities. The main aim is to provide a model which broadly satisfies the purpose and broadly functions in the given use cases.

Impact on the Business

• Responsible for supporting model delivery and related activities like testing, model governance etc.
• Help deliver the release plan and product backlog
• Maintain agile framework and help in delivering the FIM objective

Customer / Stakeholders

• Facilitate the sharing of information and creation of feedback loops across the firm, with particular focus on wider FC Detection stakeholders to continuously adapt and improve change management and optimisation.
• Oversees the support and coordination capability necessary to manage the response to high priority FC Detection feedback requiring a coordinated response across Group Financial Crime functions, Compliance, lines of business, regions, or countries.
• Develop and maintain a strong and professional working relationship with Senior Management of FC, Risk, Audit and Finance at Business, Group and Regional levels
• Ensure appropriate timely and relevant risk information is provided to FC leadership and appropriate governance forums.

Operational Effectiveness and Control

• 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 relevant policies, including the timely implementation of recommendations made by internal / external auditors and external regulators.
• Where required, support the articulation and embedding of framework, policies, procedures, and controls as they relate to FC Controls.
• Maintain awareness of operational risk within the value stream and minimise the likelihood of it occurring including its identification, assessment, mitigation and control, loss identification and reporting.
• Develop and present options to implement controls whilst retaining full benefit from investment in systems.

Leadership & Teamwork 

• Support the sharing of developments and best practice across the wider FC Function.
• Support the value stream approach aligned to detection outcomes to deliver a seamless integration of cross-functional expertise.
• 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

What you will need to succeed in the role:

Functional / Technical Knowledge

• Able to easily explain complex topics in simple terms to audiences with differing levels of understanding
• Apply critical and systems thinking to solve business problems.
• Knowledge and application of mental models that can be applied to common business situations.
• Able to take an interdisciplinary approach to problem solving.
• Educational background of one of the following areas Business studies, Banking, History, English Literature, or Maths/Statistics is desirable but not essential
• An understanding of financial crime risks especially sanctions and money laundering. Minimum of 2 years of working experience preferred
• Knowledge of basic SQL or Python is useful but not essential
• Proficiency in MS office applications is required

Others

• 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 role will assist the Group in achieving a balance between the demands of regulators, external bodies and governmental initiatives and the Group’s shareholders and customers in enacting FC compliance; being alive to the political, management, regulatory and reputational implications of a particular decision and courses of action at a global level; assisting executive management in the development of controls and systems and influencing the way in which the business is conducted in order to manage these risks, meeting Group risk appetite. The increased focus on individual liability for senior managers, particularly Risk Heads, makes it increasingly important for the Group to be able to evidence adequate systems and controls. The role is one where regulatory authorities have high expectations and is likely to come under scrutiny as part of any major regulatory investigation.

Link to Candidate User Guide:

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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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