Location: Quezon City, Philippines
The Financial Crime (FC) function is part of the Second Line of Defence (SLOD) activity 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 Line of Defence or FLOD). The Risk Stewards are responsible for providing subject matter expertise, advice, guidance, and effective challenge to the FLOD to ensure that, as Risk and Control owners, they effectively manage the FC risks for which they are responsible. FC risk is a non-financial risk that includes Fraud, Money Laundering, Terrorist Financing, Proliferation Financing, Bribery and Corruption, Sanctions or Export Controls Breaches, and Tax Evasion. The FC function operates in accordance with HSBC Group's Risk Management Framework (RMF).
The Opportunity:
The job holder role is to work with a team of FC professionals supporting the Risk stewardship teams across Global, Region, Markets, Lines of Business, and Functions. In addition, the job holder will play an advisory role and influence the direction of the risk discipline to effectively identify and mitigate FC risk.
Responsibilities:
Requires close working relationships with all stakeholders at various levels of Global, Region, Markets, Lines of Business, and Functions.Responsible for supervising a department or a functional unit/area team – specifically the Ask FC specialist team.Responsible for the delivery of end results including contributing to planning, finances, budget, and policy development for FC Risk stewardship.Possesses good knowledge of FC risk typologies (AML and Sanctions in specific), banking regulations, operations, audit, and risk & control concepts to manage and execute the FC functions in line with Global FC policy and RMF.Possess working experience in 1st line of defence line of business teams – Retail / Wholesale banking.Exercise risk steward challenge, act as independent trusted advisor in governance forums fostering a compliance culture and optimizing relations with risk and control owners.Stay at the forefront of key regulatory changes to ensure proactive communication with business and develop appropriate policy and framework to manage the changes.Has a critical thinking mentality, quickly understanding the 1st LOD queries and providing accurate responses/challenges.Possesses knowledge of Risk Strategy and Operational risk concepts.Implements and contributes to the plan established by the relevant Senior stakeholders.Able to act in an organized and timely manner. Impact on the Business/Function across the region:
Critically assess and challenge the Risk and control owners as appropriate.Develop and implement best practice standards and procedures to govern the execution of oversight and reporting.Proactive approach to the identification of FC risk change and potential impacts with insightful analysis and prioritization of relevant information.Maintain the documents of record of the FC Risk Steward relevant activities.Support stakeholders by providing regular/ad-hoc briefings on various FC topics.Analyze emerging issues and risks and identify appropriate FC related trends.Represent FC in relevant governance forums and attend to all internal and regulatory audits and inspections relevant to the business covered.Support Projects as SME support (FC performance, Governance planning, Training, etc.) Qualifications:
The jobholder must have an overall work experience of 10-12 years in the banking/financial services industry.At least 7-8 years' experience in Financial Crime or Business Risk functions.Deep understanding of Wealth Management processes and products is preferred.Strong understanding of AML and/or Sanctions risks and how FC controls mitigate the AML and/or Sanctions risk and the various underpinning activities forming the overall Risk Management framework.Working knowledge of the Global Non-Financial Risk (NFR) Framework and Technical User Guides (TUG) – Preferred.Interpersonal Skills (i.e., collaboration and networking) with experience of dealing with stakeholders including the capacity to articulate the case for risk management.Excellent communication skill (oral, written, and presentational) with the ability to influence others through use of compelling facts, thought-provoking discussion, and logic.Experience of interpreting and analyzing a large volume of information and/or data and providing succinct summary.Ability to lead change, contributing to joining up with other teams in Risk and Compliance and Business globally.Ability to work independently on distinct tasks, escalating as appropriate and able to connect the dots and critically analyze situations, recommend effective solutions to problems, and identify or anticipate regulatory concerns.Strong critical thinking and analytical skills.Effective time management & prioritization skills with an ability to prioritize competing demands and deliver against stringent deadlines.Knowledge in MS Office Suite, MS PowerPoint & Excel is mandatory. VBA/Macros knowledge will be an added advantage.ACAMS or International Compliance Association (ICA) certificate/diploma, or equivalent qualifications (Preferred).Able to work to deadlines, sometimes intra-day, to support the business and financial crime colleagues.Strong attention to detail to put together materials for sharing within senior governance forums. 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.
#J-18808-Ljbffr