Senior Manager BFCR 'FC Staff & TPs', Tax

Full job description
The Wealth and Personal Banking (WPB) Business Financial Crime Risk team (BFCR) is responsible for ensuring safe, sustainable growth, and compliance with policies and standards, underpinned by effective and efficient control design and execution with regards to all FCR matters across UK WPB. This involves providing guidance and oversight of FCR within UK WPB to ensure these risks are managed appropriately and proportionately, balancing risk mitigation with good customer outcomes and will be responsible for holistic oversight of key business FCR deliverables, undertaking thematic reviews across new typologies, horizon scanning activities. This is facilitated by implementing a consistent and effective FCR management framework (which includes ongoing oversight and review of our control environment), reviewing existing customer journeys, and identifying opportunities to optimise the mitigation of FCR through those journeys, and by evolving our colleague awareness and education across key or emerging FC risks.


Within BFCR this position is a key role responsible primarily for risk and control oversight of FC risk disciplines and initiatives that impact predominantly staff and third parties (TPs), as Associated Persons, including AB&C, Tax Evasion, Failure to Prevent Fraud (new change), and any matter which is Third Parties focused from a Sanctions and AML perspective. The Tax Reporting oversight team will report into this role.


As an HSBC employee in the UK, you will have access to tailored professional development opportunities and a competitive pay and benefits package. This includes private healthcare for all UK-based employees, enhanced maternity and adoption pay and support when you return to work, and a contributory pension scheme with a generous employer contribution.



In this role you will:

Consolidate risk and control oversight of FC risk disciplines and initiatives that impact predominantly staff and third parties (TPs), as Associated Persons, including AB&C, Failure to Prevent Fraud (new change), and any matter which is Third Parties focused from a Sanctions and AML perspective.
Lead oversight of AML Third Party risks like Post Office, and where HBUK WPB has reliance on TPs, such as Shelter, for due diligence.
Collaborate with Products, Channels and Services team in deriving insight from the Post Office cash flows.
Oversee AB&C risk within WPB UK, including chairing the AB&C Risk meeting (cross-brand), overseeing the AB&C and Tax Evasion RCAs and the Failure to Prevent Fraud elements of the Fraud RCA.
Be responsible for managing and improving existing control, MI, and procedures oversight activity in relation to AB&C, including providing Marketing with data to support their monitoring, providing feedback on the AB&C GER testing, all GER related support and analytics review activity.
Oversee the financial crime vetting process for new hires, business partners, and suppliers.
Ensure WPB is compliant with global and local tax evasion laws including FATCA, CRA, and other regulatory requirements.
Develop frameworks to detect and prevent tax evasion and aggressive tax avoidance practices.
Collaborate with Legal, Compliance, and Finance teams to ensure tax risk-management aligns with financial crime policies.
Monitor and investigate potential tax fraud, evasion, or underreporting by customers, employees, or third parties.
Develop and maintain accurate records for financial crime audits, regulatory inspections, and legal inquiries.
Oversee internal investigations related to financial crime breaches by staff or third parties in relation to AB&C, Tax Evasion or Failure to Prevent Fraud.
Conduct periodic risk assessments on third-party vendors, suppliers, and high-risk employee roles.
Work with P&P team to design and implement staff training programs on financial crime prevention, ethical behaviour, and tax compliance.
Drive improvements in tax compliance, staff monitoring, and third-party risk frameworks to mitigate financial crime threats.
Enhance detection capabilities using data analytics, AI-driven tools, and automation for risk assessments.
Ensure aware of regulatory developments and emerging risks related to third-party financial crime and tax evasion.


To be successful in this role you should meet the following requirements:

Subject Matter Expertise – a robust knowledge of FCR policy, standards, and procedures, in the areas of Anti-Bribery and Corruption, Tax Evasion, and Failure to Prevent Fraud as they impact staff and third parties, and understanding of Tax Reporting (CRS, FATCA) and associated requirements and processes.
Excellent understanding of HSBC Group structures, values, behaviours, processes and objectives
Outstanding knowledge of financial crime programmes and risk management requirements and benefits.
Very strong knowledge of global and regional/country regulatory landscape and ability to assess the impact of proposed changes in regulatory rules to the bank.
Analytical background and proven ability in analytical rigor, including being able to contextualise data into business activities and conclusions.
Relationship management and influencing skills, outstanding interpersonal and communication skills with a proven ability to communicate effectively and confidently at all levels.
High level of drive and motivation to ensure successful delivery of complex transformational initiatives.
Execution orientated (‘can do’ and delivery focused) with an ability to leverage resources available to achieve goals.
Risk minded, strong analytical talent who can take individual issues and link them together into common themes / root causes.
Excellent communication, influencing and interpersonal skills with the ability to build and maintain relationships with key players in industry and regulators with aim of influencing policy decisions to protect the bank’s interests.
The ability to build connections and work collaboratively across boundaries and to provide sound counsel to senior leaders of HSBC.
Clarity of roles and responsibilities - ensure clarity of the respective roles and responsibilities for the areas under their responsibility across WPB UK.
Non-Financial Risk (NFR) framework – take responsibility for accuracy and completeness of the Helios content and controls linkages as it relates to their areas of responsibility, across Risk and Control Assessments (RCAs), controls, MSIIs and other relevant framework requirements. Ensure that NFR requirements are met timely.

United Kingdom
England
Birmingham Show on map Get directions