Some careers have more impact than others. If you're looking for a career where you can make a real impression, join HSBC and discover how valued you'll be. Whether you want a career that could take you to the top, or simply take you in an exciting new direction, HSBC offers opportunities, support and rewards that will take you further.
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 a high calibre professional to join our team as a
Head of Financial Crime Business Banking Hong Kong. Role Overview - The Head of Financial Crime Business Banking, HK is the accountable executive responsible to ensure that HSBC's operations in Business Banking, a client segment within Commerical Banking (CMB") in Hong Kong, are effective in identifying, managing and mitigating Financial Crime risks within Business Banking. Business Banking aims to grow its revenues by circa 30% and increase its customer base from 320k to 450k by 2029. This role will help provide crucial second line oversight over this growth, adherence to stated risk appetite and will also work closely with Complex Investigations Team on Business Banking related Proactive Country Analytics and Investigations (PCAI) to mitigate the identified Financial Crime risk.
- This is risk management role has broad remit and responsibilites and being the single point of coordination for Financial Crime Business Banking related risks in Hong Kong.
- Reporting to Head of Financial Crime Oversight, Hong Kong on entity and functional basis.
Principal Accountabilities and Responsibilities - Management of financial crime specialists who face off to the stakeholders and product teams within Business Banking in Hong Kong, requiring strong stakeholder management skills and the ability to build partnerships to drive and accelerate the execution of financial crime risk management programmes that directly impact business performance.
- Accountable for the implementation of financial crime policies into Business Banking and ensuring a clear understanding of financial crime risk exposure with respect to clients, transactions and products.
- Providing effective oversight of the operational effectiveness of critical policies and systems covering financial crime that ensure that the Business Banking exposure to financial crime and related reputational risk is managed, in a commercially sensitive, practical and cost-effective manner.
- Acting as a trusted advisor to the Business Banking senior executive stakeholders, as well as the leadership of Asia and Hong Kong Financial Crime and the broader Risk and Compliance function, on all material financial crime risk and related reputational issues involving Business Banking that arise in relation to the operational management of financial crime risk including the delivery of strategic and tactical initiatives for effective risk oversight and mitigation. These include but are not limited to weaknesses in capability and capacity, emerging risks and issues in the business, thematic issues with policy design, implementation and/or interpretation.
- The articulation of financial crime risk appetite and policies with respect to financial crime risk faced by Business Banking in Hong Kong.
- To serve as the financial crime risk steward for Business Banking in relevant governance meetings to report on progress and issues in relation to the operational effectiveness of HSBC's policies, processes, systems and controls in countering financial crime.
- To ensure second line governance of financial crime risk exposure, providing analysis, reporting and governance that is independent of the first line of defence, thereby maintaining an objective assessment of risk exposure in Business Banking, notably through the use of escalation mechanisms as appropriate.
- 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.
- To stay at the forefront of key regulatory changes, particularly where relevant to Business Banking, to ensure proactive communication with the business and contribute to appropriate policy and framework changes.
Impact on the Business - Leadership to ensure proactive approach is taken to the identification of any changes in the financial crime Business Banking related risk profile and potential impacts to Hong Kong.
- Development and continuous review for appropriateness of the control framework to monitor financial crime Business Banking related risk developments impacting Hong Kong.
- Leadership to drive, develop and implement programmes to quantify impacts and implement actions to address, manage and mitigate impacts of financial crime Business Banking related regulatory changes in Hong Kong.
Customer / Stakeholders - Ensure that Asia and Hong Kong Financial Crime, and Business Banking are appropriately advised of material financial crime and related reputational matters.
- Manage and foster a strong relationship with Hong Kong regulators and ensuring timely disclosure of relevant information on financial crime related matters.
- Ensure that positive relationships are maintained with other external stakeholders relevant to the financial crime risk agenda.
- Develop and maintain a strong and professional working relationship with executive and senior management of Risk, Audit and Finance across Asia and Hong Kong and at local and regional levels.
Leadership and Teamwork - Support Head of Financial Crime Oversight, Hong Kong to provide leadership to, and develop, the Financial Crime function for Hong Kong, including close collaboration and liaison with Financial Crime leadership at local, regional and group levels.
- Maintain and develop positive and professional working relationships with senior business leaders, Group Infrastructure leaders and Risk and Compliance colleagues across Asia and Hong Kong.
- Create an environment for the delivery of consistent performance measurement, training, career management and succession planning across the function.
- Sharing of financial crime risk knowledge and best practice across HSBC Asia and Hong Kong entities.
- 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.
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.
- 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 http://www.hsbc.com/careers
HSBC is 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. Personal data held by the Bank relating to employment applications will be used in accordance with our Privacy Statement, which is available on our website.
Issued by The Hongkong and Shanghai Banking Corporation Limited.