Job Description
Job description Some careers open more doors than others
If you
re looking for a career that will unlock new opportunities
join HSBC and experience the possibilities
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
COMPLIANCEThe Compliance function is a Second line of defence
LOD
function
responsible for reviewing and challenging the activities of the Group
s businesses
also referred to as
the First LOD
to ensure that they effectively manage as
Risk Owners
the Regulatory and Financial Crime Compliance risks inherent in or arising from the conduct of their activities and for which they are responsible
The Second LOD consists of Risk Stewards who are independent of the commercial risk
taking activities undertaken by the First LOD
The Compliance function is a Risk Steward for a number of non
financial risks in accordance with HSBC Group
s risk framework
The Financial Crime team comprises risk specialists across money laundering
fraud
sanctions
tax transparency
bribery and corruption and terrorist financing
advisors who review and challenge business capabilities and strategies
and investigation and detection teams using data
technology and operating processes to manage our financial crime risk
The Financial Crime team also sets policy and framework
promotes consistent implementation and best practice
and provides effective oversight on the HSBC Group
s businesses to ensure that the Group
s exposure to financial crime and related reputational risk is well
managed
The Financial Crime Risk Officer for HSBC International Banking unit
Gift City
HIBU
is an accountable executive responsible and supporting the Compliance officer
HIBU and Head of Financial Crime Risk
India in ensuring that HSBC
s operations in IBU are effective in identifying
managing and mitigating Regulatory Compliance and Financial Crime risks and ensure timely advice is provided to the business
Responsibilities
The Financial Crime risk Officer is responsible for ensuring that HSBCs operations in Gift City are effective in identifying
managing and mitigating Financial Crime risks and ensure timely advisory is provided to the business
Primarily focus on exercising FC risk stewardshipand supporting Compliance Officer
HIBU to maintain an effective control framework and to ensure compliance with all relevant external laws
regulations
internal codes and policies and good market practices
The role holder is responsible for
1
Provide advisory services in order to ensure clear understanding of financial crime risk exposure with respect to clients
transactions and products
2
Articulate the Financial Crime risks for International Banking unit
Gift City India3
Be responsible for second line governance of Financial Crime risks exposures
providing analysis
reporting and governance to HIBU that is independent of the first line of defence
thereby maintaining an objective assessment of risk exposure
4
To exercise risk steward challenge
act as independent trusted advisory in governance forums
issue management
fostering a compliance culture and optimizing relations with risk owners and control owners
Advise
review and challenge 1st LOD on the identification
impact assessment
resolution and investigation of material internal risk events including near misses relating to their risk type5
Provide policy oversight
challenging and guiding Risk and Control Owners to support implementation and adherence to Financial Crime related policies and regulations
6
Assist senior management of HIBU
leadership of the Compliance function
and other colleagues on all material financial crime risk related matters
7
Provide insights from the external environment
oversight
challenge
and escalation at key risk governance forums and contribute to wider operational risk governance
8
Act as principal point of contact for internal and external stakeholders in relation to Regulatory matters
Transaction Monitoring
Investigation risk
9
Act as a Principal officer for Anti Money Laundering
AML
related matters for regulatory authoritiesPrincipal AccountabilitiesThe following principal accountabilities are aligned to the Compliance Services and Processes Model
Additional detail is available in the Model
Impact on the Business
Support in overseeing the critical FCR policies and systems that impact HIBU
Gift City India and ensure that the Group
s exposure to Financial Crime risks is managed in a commercially sensitive
practical and cost effective manner
Provide advice and support on Financial Crime risks to senior management
Compliance and other colleagues
Stakeholders
Reporting to Compliance Office and to the INM Head of Financial Crime Risk as relevant on Regulatory Compliance and Financial Crime risks matters
Ensure that senior management are appropriately advised of all material Compliance related matters relating to the International Banking unit
Gift City India
Manage and foster a strong relationship with all relevant regulators in relation to the activities of the International Banking unit
Gift City India and ensure timely disclosure of relevant information
in relation to financial crime compliance related matters
Ensure that positive relationships are maintained with other external stakeholders relevant to the Compliance agenda
Leadership and Teamwork
Maintain and develop positive and professional working relationships with senior business managers and Compliance colleagues at the Group level and those in other Regions and Businesses
Support Head GIFT City
Compliance Officer and the INM Head of Financial Crime Risk in creating an environment for the delivery of consistent performance measurement
training
career management and succession planning across the Compliance capability
Support Head GIFT City
Compliance Officer and the INM Head of Financial Crime Risk in establishing a strategy for the sharing of Financial Crime risks related compliance knowledge and best practice across the wider Compliance Function and Group
Operational Effectiveness and Control
Create a framework for the effective risk
based monitoring of the implementation of Financial Crime risks related policies and controls across International Banking unit
Gift City India
Agree and oversee the implementation
embedding and monitoring of the adherence to the Compliance FIM in International Banking unit
Gift City India
Monitor and assess the resourcing
costs and spend of the International Banking unit
Gift City India Compliance Function
Management of Risk
This will be achieved by ensuring all actions take account of the likelihood of Compliance risk occurring and by addressing any areas of concern in conjunction with line management and
or the appropriate department
Observation of Internal Controls
Managers are accountable for setting the
tone at the top
which underpins the principles of a positive and effective internal control environment
They should exhibit leadership and direction to their teams for establishing and maintaining an effective internal control environment
including the development and management of policies and procedures where appropriate
Managers should
also ensure that suitable processes are put in place to review and oversee that internal control environment against those policies
Local Job RequirementsMajor ChallengesHSBC 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
It is the role of the Financial Crime Risk Officer
GIFT City International Banking Unit
India
as a member of the Compliance function to 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 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
Requirements Requirements
To be successful in the role
you should meet the following requirements
University graduate with certification related to financial crime risk will be an added advantage
Robust experience of handling financial crime related matters
including knowledge of AML
Sanctions
AB
C
Fraud related risk management
Developed understanding of Wholesale and retail Banking related products and services
Awareness of developments in the financial crime regulatory environment
Strong team player alongside a desire for continued personal development
Excellent communication and inter
personal skills
including the capacity to articulate the case for risk management and policy in the language of business
Experience of interpreting and analysing a large volume of information and
or data and provide succinct summary for management
Strong knowledge on Global Markets or Securities Services business preferred
Strong written communication skillsAdditional InformationMandatory to successfully complete Anti
Money Laundering and Sanctions training and post
course assessment
as required
Useful LinkLink to Careers Site
ClickHEREYou
ll achieve more at HSBC
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
India
If you
re looking for a career that will unlock new opportunities
join HSBC and experience the possibilities
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
COMPLIANCEThe Compliance function is a Second line of defence
LOD
function
responsible for reviewing and challenging the activities of the Group
s businesses
also referred to as
the First LOD
to ensure that they effectively manage as
Risk Owners
the Regulatory and Financial Crime Compliance risks inherent in or arising from the conduct of their activities and for which they are responsible
The Second LOD consists of Risk Stewards who are independent of the commercial risk
taking activities undertaken by the First LOD
The Compliance function is a Risk Steward for a number of non
financial risks in accordance with HSBC Group
s risk framework
The Financial Crime team comprises risk specialists across money laundering
fraud
sanctions
tax transparency
bribery and corruption and terrorist financing
advisors who review and challenge business capabilities and strategies
and investigation and detection teams using data
technology and operating processes to manage our financial crime risk
The Financial Crime team also sets policy and framework
promotes consistent implementation and best practice
and provides effective oversight on the HSBC Group
s businesses to ensure that the Group
s exposure to financial crime and related reputational risk is well
managed
The Financial Crime Risk Officer for HSBC International Banking unit
Gift City
HIBU
is an accountable executive responsible and supporting the Compliance officer
HIBU and Head of Financial Crime Risk
India in ensuring that HSBC
s operations in IBU are effective in identifying
managing and mitigating Regulatory Compliance and Financial Crime risks and ensure timely advice is provided to the business
Responsibilities
The Financial Crime risk Officer is responsible for ensuring that HSBCs operations in Gift City are effective in identifying
managing and mitigating Financial Crime risks and ensure timely advisory is provided to the business
Primarily focus on exercising FC risk stewardshipand supporting Compliance Officer
HIBU to maintain an effective control framework and to ensure compliance with all relevant external laws
regulations
internal codes and policies and good market practices
The role holder is responsible for
1
Provide advisory services in order to ensure clear understanding of financial crime risk exposure with respect to clients
transactions and products
2
Articulate the Financial Crime risks for International Banking unit
Gift City India3
Be responsible for second line governance of Financial Crime risks exposures
providing analysis
reporting and governance to HIBU that is independent of the first line of defence
thereby maintaining an objective assessment of risk exposure
4
To exercise risk steward challenge
act as independent trusted advisory in governance forums
issue management
fostering a compliance culture and optimizing relations with risk owners and control owners
Advise
review and challenge 1st LOD on the identification
impact assessment
resolution and investigation of material internal risk events including near misses relating to their risk type5
Provide policy oversight
challenging and guiding Risk and Control Owners to support implementation and adherence to Financial Crime related policies and regulations
6
Assist senior management of HIBU
leadership of the Compliance function
and other colleagues on all material financial crime risk related matters
7
Provide insights from the external environment
oversight
challenge
and escalation at key risk governance forums and contribute to wider operational risk governance
8
Act as principal point of contact for internal and external stakeholders in relation to Regulatory matters
Transaction Monitoring
Investigation risk
9
Act as a Principal officer for Anti Money Laundering
AML
related matters for regulatory authoritiesPrincipal AccountabilitiesThe following principal accountabilities are aligned to the Compliance Services and Processes Model
Additional detail is available in the Model
Impact on the Business
Support in overseeing the critical FCR policies and systems that impact HIBU
Gift City India and ensure that the Group
s exposure to Financial Crime risks is managed in a commercially sensitive
practical and cost effective manner
Provide advice and support on Financial Crime risks to senior management
Compliance and other colleagues
Stakeholders
Reporting to Compliance Office and to the INM Head of Financial Crime Risk as relevant on Regulatory Compliance and Financial Crime risks matters
Ensure that senior management are appropriately advised of all material Compliance related matters relating to the International Banking unit
Gift City India
Manage and foster a strong relationship with all relevant regulators in relation to the activities of the International Banking unit
Gift City India and ensure timely disclosure of relevant information
in relation to financial crime compliance related matters
Ensure that positive relationships are maintained with other external stakeholders relevant to the Compliance agenda
Leadership and Teamwork
Maintain and develop positive and professional working relationships with senior business managers and Compliance colleagues at the Group level and those in other Regions and Businesses
Support Head GIFT City
Compliance Officer and the INM Head of Financial Crime Risk in creating an environment for the delivery of consistent performance measurement
training
career management and succession planning across the Compliance capability
Support Head GIFT City
Compliance Officer and the INM Head of Financial Crime Risk in establishing a strategy for the sharing of Financial Crime risks related compliance knowledge and best practice across the wider Compliance Function and Group
Operational Effectiveness and Control
Create a framework for the effective risk
based monitoring of the implementation of Financial Crime risks related policies and controls across International Banking unit
Gift City India
Agree and oversee the implementation
embedding and monitoring of the adherence to the Compliance FIM in International Banking unit
Gift City India
Monitor and assess the resourcing
costs and spend of the International Banking unit
Gift City India Compliance Function
Management of Risk
This will be achieved by ensuring all actions take account of the likelihood of Compliance risk occurring and by addressing any areas of concern in conjunction with line management and
or the appropriate department
Observation of Internal Controls
Managers are accountable for setting the
tone at the top
which underpins the principles of a positive and effective internal control environment
They should exhibit leadership and direction to their teams for establishing and maintaining an effective internal control environment
including the development and management of policies and procedures where appropriate
Managers should
also ensure that suitable processes are put in place to review and oversee that internal control environment against those policies
Local Job RequirementsMajor ChallengesHSBC 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
It is the role of the Financial Crime Risk Officer
GIFT City International Banking Unit
India
as a member of the Compliance function to 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 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
Requirements Requirements
To be successful in the role
you should meet the following requirements
University graduate with certification related to financial crime risk will be an added advantage
Robust experience of handling financial crime related matters
including knowledge of AML
Sanctions
AB
C
Fraud related risk management
Developed understanding of Wholesale and retail Banking related products and services
Awareness of developments in the financial crime regulatory environment
Strong team player alongside a desire for continued personal development
Excellent communication and inter
personal skills
including the capacity to articulate the case for risk management and policy in the language of business
Experience of interpreting and analysing a large volume of information and
or data and provide succinct summary for management
Strong knowledge on Global Markets or Securities Services business preferred
Strong written communication skillsAdditional InformationMandatory to successfully complete Anti
Money Laundering and Sanctions training and post
course assessment
as required
Useful LinkLink to Careers Site
ClickHEREYou
ll achieve more at HSBC
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
India
💡 Quick Summary
Seeking a career-building opportunity? The Financial Crime Risk Officer International Banking Unit GIFT City position is now open for candidates interested in the Bank Jobs sector. This role in Ahmedabad offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Bank Jobs is a plus.
