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 Group's businesses (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 Senior Manager, IWPB Financial Crime is the Regional Risk Steward responsible for providing subject matter expertise, advice, guidance and effective challenge on Financial Crime risks for the Asia IWPB business and coordinating and supporting teams regionally to ensure timely advice is provided. The role is a key risk management role with a targeted remit and responsibilities.
Principal Responsiblities - Support to ensure proactive approach is taken to the identification of any changes in the financial crime risk profile and potential impacts across IWPB.
- Development and continuous review for appropriateness of the control framework to monitor financial crime risk developments impacting the IWPB.
- Support to drive, develop and implement programmes to quantify impacts and implement actions to address, manage and mitigate impacts of financial crime related regulatory changes across IWPB and the FC Risk Steward CoE.
- Liaise with relevant stakeholder within IWPB in Asia, other Global Business and Functional teams to provide expertise and support on all financial crime risk related matters.
- Where required, foster a strong relationship with all relevant regulators in relation to the activities of the IWPB business to ensure timely disclosure of relevant information, in relation to financial crime
- Develop and maintain a strong and professional working relationship with relevant stakeholders within Risk and Compliance, Audit and Finance at Business, Group, Regional, and Country levels
- 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.
- 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.
Qualifications - A comprehensive understanding of the regulatory frameworks and compliance requirements associated with financial services and experience of working within relevant environment/s, i.e. Financial Crime risk management advisory background.
- Proven client risk management expertise, including IWPB experience, preferably gained within HSBC or one of its peers.
- Experience in building effective relationships with internal stakeholders.
- Past working experience in a relevant role, i.e. within the financial services industry covering AML, Sanctions, ABC, Fraud, Tax Evasion, Transaction Monitoring, Client/Payment Screening is desirable but not essential
- Excellent written and spoken communication skills; an ability to communicate with impact, ensuring complex information is articulated in a meaningful way to wide and varied audiences.
- 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