Vice President Financial Crime Risk Models

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HSBC is one of the largest banking and financial services organisations in the world, with operations in 62 countries and territories. We aim to be where the growth is, enabling businesses to thrive and economies to prosper, and, ultimately, helping people to fulfil their hopes and realise their ambitions.

We are currently seeking an experienced professional to join our team in the role of Vice President Financial Crime Risk Models.

Job Responsibilities

• Responsible for establishing and keeping up to date, the standards for maintaining an effective Financial Crime Risk Models framework, that supports all geographies and Line of Business in HSBC.
• The role is expected to bring about a key, risk balanced approach while overseeing the Risk landscape and key risks for Financial Crime Risk models.
• Input to creation and development of the larger Global FC Risk Models Strategy, working closely with Financial Crime sub-functions, business, CCOs and Regional counterparts as appropriate
• The role will bring in the necessary direction that helps in maintaining a balance between risk (coverage) and commercial (efficiency) considerations.
• The role holder is expected to keep in close touch with the industry best practices and challenges within similar operating environments, that would support the bank in maintaining a sustainable, highly effective risk management oversight framework for the Financial Crime Risk Models function.
• Develop an ongoing oversight framework, that is geared to oversee, identify, check & challenge control owners in maintaining the Modelling landscape.
• Work closely with the business and Financial Crime, CCO, First Line of Defense and Regional teams to ensure that the function’s risk indicators are continually monitored and effectively reported.
• Support the overall Anti-Money Laundering goals and enhance the bank’s ability to deter, detect and protect against Financial crime risks.
• Provide advisory support to Control Owners, on Operational Risk matters.
• Provide SME guidance to Financial Crime & Anti-Money Laundering Senior Leadership, Global Businesses and other related functions in support of maintianing a sustainable and efficient Financial Crime Risk Models framework.
• Engaging with stakeholders within the business, including Financial Crime, Compliance Analytics and operational teams to further enhance the model and with Regional/Local FC representatives to provide SME guidance and support relating to the Financial Crime Risk models
• Providing support and guidance to First Line of Defense and Second Line of Defense stakeholders for local implementation and maintenance of the risk models
• Providing detailed briefings and updates to Group Head of Anti-Money Laundering and other members of Financial Crime senior management, escalating material issues and concerns promptly
• Facilitating collaboration between Financial Crime Risk Steward teams and relevant stakeholders (eg. IT, Transformation, Analytics, Business, Financial Crime Detection etc) to appropriately escalate material incidents and other areas of concern
• Collaborating with Business, countries and regions, Assurance, Internal Audit andIndependent Model Reviewteams to review and resolve issues
• Fostering positive and professional working relationships with First Line of Defense and Second Line of Defense, country and region stakeholders, Compliance and other stakeholders involved in or impacted by the risk models.
• The role holder will provide support to the leadership and directional steer of the Financial Crime Risk Models team, as well as professionally sound guidance to the Regions and Global Businesses.
• As a member of the Financial Crime Risk Models team, foster positive and professional working relationships with the business, Global Compliance functions, and other managers throughout the Group.
• Promote an atmosphere of collaboration not competition, both within the function and across to other functions/ partners, responsive to suggestions from their areas, regions and businesses
• Motivate and assist with the development of an effective team through support and communication.
• Cultivate an environment that supports diversity and reflects high employee engagement and motivation
• Promotes and takes accountability for the oversight, check and challenge, governance, risk assessment, support reporting and communication, that is directed towards setting up of a robust oversight framework.
• Review and constructively challenge the First Line of Defense performance, with a common objective to meet the aspiration of maintaining market leading monitoring protocols for the function.
• Captures key lessons learnt from regions, countries and Change Activities and ensure that these are taken onboard by the Global Financial Crime Risk Models function to drive the continuous improvement of the framework.
• Maintain awareness of operational risk within the assigned portfolio and minimize the likelihood of it occurring including its identification, assessment, mitigation and control, loss identification and reporting.
• Maintain and observe all HSBC control standards and implement and observe the Group Compliance Policy, including the timely implementation of recommendations made by internal/external auditors and external regulators.
• Critical SME risk steward oversight role on material risks and issues impacting the function.
• The role holder is expected to closely work with the Global Businesses, in assessing the risk landscape impacting the function and identifying improved controls that provide a balanced, risk-based approach to managing risks.
  
  

Job Requirements

• Substantial experience in the financial services industry
• Good knowledge of Financial Crime and Anti-Money Laundering regulations and guidance.
• Understanding of Financial Action Task Force process in addition to regulatory regimes of designating jurisdictions as High Risk Third Countries
• Experience and strong understanding of the Customer Due Diligence / Know Your Customer process
• Experience of dealing with regulatory matters and able to support in interactions with Regulators
• Understanding of factors that drive country specific risk ratings by reference to multiple data sources.
• Ability to determine country specific data sources that give a reliable/consistent output in relation to the risk a jurisdiction may pose.
• Experience in Financial Crime Analytics / Independent Model review process (Preferred)
• Lateral thinker with an ability to interpret and solve complex issues
• Excellent communication (written and verbal) and inter-personal skills with relation to stakeholder management
• An ability to develop practical, pragmatic, risk based and cost-effective solutions to complex issues which may have a global impact
• An ability to prioritize conflicting demands, meet tight deadlines and problem solve in a dynamic environment
• Proficient in analyzing and manipulating data, with an ability to present complex conclusions.
  
  

Candidate with less relevant experience or skills may be offered a lower Global Career Band than stated above.

Due to the urgent hiring need, candidates with immediate right to work locally and no relocation need will be prioritised.

The chosen candidate for this role will be required to undergo enhanced vetting. Subject to local laws, this will require the individual to satisfactorily pass a series of additional checks as part of the recruitment process and on an ongoing basis, if appointed to the role. HSBC Group reserves its position with regard to any steps which it may take in relation to any material adverse findings which arise either when the checks are originally completed, and/or if relevant, on an ongoing basis. For more information about the enhanced vetting for this role please contact the recruiter for this role.

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