Job Description
Business: Global Business Financial Crime Risk
Open positions: 1
Role Title: VP- Dedicated Risk Triggers Team
Global Career Band: 4
Location: Bangalore
Why join us?
Role Purpose
The responsibility for Business Financial Crime Risk (BFCR) is within the functional remit of the First Line of Defence (1LOD) and sits with Wholesale Non-Financial Risk (NFR) which is part of Wholesale, Commercial Banking (CMB) & Global Banking (GB) Lines of Business. Chief Operating Office (WCOO).
BFCR is responsible for the oversight and mitigation of Financial Crime Risk (FCR) in the 1LOD for Commercial Banking (CMB) and Global Banking (GB). CMB and GB. The team is responsible for supporting the frontline in identifying potential and emerging financial crime risks by providing the assessment and assurance of FCR management as part of the Customer Due Diligence (CDD) process and journey.
We are currently seeking an experienced individual to join this team in the role of Head of Dedicated Risk Triggers - GCB4.
What you’ll do:
Principal Accountabilities: Key activities and decision making areas
Impact on the Business / Function
Responsible for the oversight of the dedicated risk team.
Review of escalated triggers, with an FCR lens, to a high quality in line with stated procedures and guidance.
Horizon scanning of typologies building on close collaboration with FCI, Risk identification Teams, and RQA Teams. Ensuring team stays educated and alert to these trends.
Provide guidance to team and ensure the team remains educated on Financial Crime risks and emerging trends.
Support Senior Management in FCR management and assisting with the resolution of compliance problems in liaison with FCC and other SMEs
Execute Dedicated risk team strategy, delivering initiatives as required and influencing strategic FCR management within GB and CMB.
Typical Targets and Measures
Manage the Oversight of the dedicated risk team.
Execute Trigger escalation reviews and responses in line with procedure.
Maintain an in-depth understanding of financial crime risk through continuous learning, providing guidance to team on learnings.
Provide SME support and involvement with FCR change projects/programmes
Timely project implementation embracing Global, Regional and local needs
Customers / Stakeholders
Contribute to cultivating a strict FCC compliance and operational risk culture across GB and CMB, undertaking all actions necessary to mitigate potential risks
Support GB and CMB Senior Management on FCR risk management and generally assisting them with the resolution of compliance and operational risk problems in liaison with local FCC, FIU and other SMEs
Provide guidance and support to GB and CMB sites in conjunction with experts across the financial crime divisions, and other offices
Cultivate a compliant FCR and operational risk culture across GB and CMB
Consideration of the customer to be given in all compliance and operational risk measures
Typical Targets and Measures
Subject Matter Expert with effective communication framework
Close working relationship with various working partners
Collect business and customer feedback during formulating and implementation
Escalate areas of systemic FCR risk to appropriate management and governance
Leadership & Teamwork
Develop and manage an effective and professional team of Assessors to address highest priority FCRs
Manage Audit, Compliance and FCC risk counterparties in GB and CMB sites to achieve objectives on regional level
Support achievement of the HSBC vision, values, goals and culture in personal behaviour, actions and decision making
Act as a SME for the Dedicated Risk Team, and escalation point for senior stakeholders within the business.
Typical Targets and Measures
Effective performance management across the team
Communication and teamwork at Global level
Education, sharing and training within GB and CMB
Drive activity to improve FCR Risk management, using emerging themes from triggers.
Operational Effectiveness & Control
Uphold and enhance compliance and FCC risk culture across the role’s GB and CMB jurisdiction
Maintain strict internal control
Protect the Bank, GB and CMB from potential operational loss (tangible and reputational losses)
Manage Dedicated Risk Team so that the team is deployed effectively and efficiently to address highest priority FCRs
Typical Targets and Measures
Strengthen GB and CMB framework to proactively manage compliance and operational risk
Mitigate risks by leveraging lessons learnt from incidents, trigger cases and audit comments to establish process / policy / guideline changes
Ensure that changes in processes and systems are effective embedded within the Dedicated Risk team.
Major Challenges
Be dynamic and positive to embrace increasing changes in internal and external regulatory and compliance requirements
To proactively safeguard and ensure the highest standard of compliance and FCC risk management across all of the Global CMB franchise, whilst being sufficiently flexible to take consideration of local business and customer needs
To provide solid support and constructive advice to Senior Management in the management of compliance and operational risk
To possess strong interpersonal and communication skills to work with various internal partners, across the CMB franchise and different departments towards common goals
Role Context
The DRT Team sits within Wholesale NFR.
Following intensified internal and external regulatory and compliance demands, this team is essential to better positioning GB and CMB to meet the requirements for FCR.
The job holder exercises a high degree of autonomy to perform the responsibilities independently. He/she will operate under guidance from the Global NFR and BFCR Teams to uphold and enhance the quality with which FC risk is identified and mitigated by Wholesale FLOD (First Line of Defence).
Management & Leadership of Regulatory, Compliance & Operational Risk
Demonstrate leadership on financial crime regulatory & compliance matters. Maintain awareness of operational risk and minimize the likelihood of it occurring including its identification, assessment, mitigation and control, loss identification and reporting in accordance with the Group Operations FIM.
Observation of Internal Controls
Maintain and observe HSBC internal control standards, implement and observe Group Compliance Policy, including the timely implementation of recommendations made by internal/external auditors and external regulators. Foster a compliance culture and implement Group Compliance Policy by managing compliance risk in liaison with the Head of Group Compliance, Regional Compliance Officer, Area Compliance Officer or Local Compliance Officer, ensuring adequate compliance resources are in place and training is provided.
Requirements
What you will need to succeed in the role:
Strong leadership experience and indepth knowledge of Financial Crime Compliance, AML, Sanctions, Wholesale Banking (CMB and GB)
Experience and knowledge of quality testing, assurance, compliance and audit
Possess Association of Certified Anti-Money Laundering Specialists (ACAMS) or International Compliance Association (ICA) ceritfications
Ability to
Open positions: 1
Role Title: VP- Dedicated Risk Triggers Team
Global Career Band: 4
Location: Bangalore
Why join us?
Role Purpose
The responsibility for Business Financial Crime Risk (BFCR) is within the functional remit of the First Line of Defence (1LOD) and sits with Wholesale Non-Financial Risk (NFR) which is part of Wholesale, Commercial Banking (CMB) & Global Banking (GB) Lines of Business. Chief Operating Office (WCOO).
BFCR is responsible for the oversight and mitigation of Financial Crime Risk (FCR) in the 1LOD for Commercial Banking (CMB) and Global Banking (GB). CMB and GB. The team is responsible for supporting the frontline in identifying potential and emerging financial crime risks by providing the assessment and assurance of FCR management as part of the Customer Due Diligence (CDD) process and journey.
We are currently seeking an experienced individual to join this team in the role of Head of Dedicated Risk Triggers - GCB4.
What you’ll do:
Principal Accountabilities: Key activities and decision making areas
Impact on the Business / Function
Responsible for the oversight of the dedicated risk team.
Review of escalated triggers, with an FCR lens, to a high quality in line with stated procedures and guidance.
Horizon scanning of typologies building on close collaboration with FCI, Risk identification Teams, and RQA Teams. Ensuring team stays educated and alert to these trends.
Provide guidance to team and ensure the team remains educated on Financial Crime risks and emerging trends.
Support Senior Management in FCR management and assisting with the resolution of compliance problems in liaison with FCC and other SMEs
Execute Dedicated risk team strategy, delivering initiatives as required and influencing strategic FCR management within GB and CMB.
Typical Targets and Measures
Manage the Oversight of the dedicated risk team.
Execute Trigger escalation reviews and responses in line with procedure.
Maintain an in-depth understanding of financial crime risk through continuous learning, providing guidance to team on learnings.
Provide SME support and involvement with FCR change projects/programmes
Timely project implementation embracing Global, Regional and local needs
Customers / Stakeholders
Contribute to cultivating a strict FCC compliance and operational risk culture across GB and CMB, undertaking all actions necessary to mitigate potential risks
Support GB and CMB Senior Management on FCR risk management and generally assisting them with the resolution of compliance and operational risk problems in liaison with local FCC, FIU and other SMEs
Provide guidance and support to GB and CMB sites in conjunction with experts across the financial crime divisions, and other offices
Cultivate a compliant FCR and operational risk culture across GB and CMB
Consideration of the customer to be given in all compliance and operational risk measures
Typical Targets and Measures
Subject Matter Expert with effective communication framework
Close working relationship with various working partners
Collect business and customer feedback during formulating and implementation
Escalate areas of systemic FCR risk to appropriate management and governance
Leadership & Teamwork
Develop and manage an effective and professional team of Assessors to address highest priority FCRs
Manage Audit, Compliance and FCC risk counterparties in GB and CMB sites to achieve objectives on regional level
Support achievement of the HSBC vision, values, goals and culture in personal behaviour, actions and decision making
Act as a SME for the Dedicated Risk Team, and escalation point for senior stakeholders within the business.
Typical Targets and Measures
Effective performance management across the team
Communication and teamwork at Global level
Education, sharing and training within GB and CMB
Drive activity to improve FCR Risk management, using emerging themes from triggers.
Operational Effectiveness & Control
Uphold and enhance compliance and FCC risk culture across the role’s GB and CMB jurisdiction
Maintain strict internal control
Protect the Bank, GB and CMB from potential operational loss (tangible and reputational losses)
Manage Dedicated Risk Team so that the team is deployed effectively and efficiently to address highest priority FCRs
Typical Targets and Measures
Strengthen GB and CMB framework to proactively manage compliance and operational risk
Mitigate risks by leveraging lessons learnt from incidents, trigger cases and audit comments to establish process / policy / guideline changes
Ensure that changes in processes and systems are effective embedded within the Dedicated Risk team.
Major Challenges
Be dynamic and positive to embrace increasing changes in internal and external regulatory and compliance requirements
To proactively safeguard and ensure the highest standard of compliance and FCC risk management across all of the Global CMB franchise, whilst being sufficiently flexible to take consideration of local business and customer needs
To provide solid support and constructive advice to Senior Management in the management of compliance and operational risk
To possess strong interpersonal and communication skills to work with various internal partners, across the CMB franchise and different departments towards common goals
Role Context
The DRT Team sits within Wholesale NFR.
Following intensified internal and external regulatory and compliance demands, this team is essential to better positioning GB and CMB to meet the requirements for FCR.
The job holder exercises a high degree of autonomy to perform the responsibilities independently. He/she will operate under guidance from the Global NFR and BFCR Teams to uphold and enhance the quality with which FC risk is identified and mitigated by Wholesale FLOD (First Line of Defence).
Management & Leadership of Regulatory, Compliance & Operational Risk
Demonstrate leadership on financial crime regulatory & compliance matters. Maintain awareness of operational risk and minimize the likelihood of it occurring including its identification, assessment, mitigation and control, loss identification and reporting in accordance with the Group Operations FIM.
Observation of Internal Controls
Maintain and observe HSBC internal control standards, implement and observe Group Compliance Policy, including the timely implementation of recommendations made by internal/external auditors and external regulators. Foster a compliance culture and implement Group Compliance Policy by managing compliance risk in liaison with the Head of Group Compliance, Regional Compliance Officer, Area Compliance Officer or Local Compliance Officer, ensuring adequate compliance resources are in place and training is provided.
Requirements
What you will need to succeed in the role:
Strong leadership experience and indepth knowledge of Financial Crime Compliance, AML, Sanctions, Wholesale Banking (CMB and GB)
Experience and knowledge of quality testing, assurance, compliance and audit
Possess Association of Certified Anti-Money Laundering Specialists (ACAMS) or International Compliance Association (ICA) ceritfications
Ability to
💡 Quick Summary
Seeking a career-building opportunity? The VP| Dedicated Risk Triggers Team position is now open for candidates interested in the Bank Jobs sector. This role in Bengaluru 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.