Assistant Vice President

Some careers shine brighter than others.

If you’re looking for a career that will help you stand out, join HSBC and fulfil your potential. 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.

HSBC is one of the largest banking and financial services organizations in the world, with operations in 64 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 Assistant Vice President

In this role, you will:

• Maintain and enhance the reputation of Securities Services for service delivery through effective and continual inter-action with key clients, technical input and feedback, deployment and co-ordination of all staff involved in the delivery of client service
• Proactive risk management - identify and prioritize MSIIs (Management Self-Identified issues, Top and Emerging Risk) for the department and ensure remedial action taken to address areas of risk within the operation.
• Mitigate risk through efficient usage of Technology i.e. strategic solutions, review technology developments, identify areas of risk and ensure appropriate focus on mitigating such areas.
• Ownership for capacity reporting including monthly reporting on progress to AOP headcount, WFP and FRP. Management planning - ensure robust MIS in place to allow for review of departmental performance, trend analysis, knowledge sharing etc.

• People management - build action plans to reduce key man risk, through targeted upskilling. Stay up to date with any changes to local AML/KYC regulatory requirements that apply to Transfer Agent activities.
• Act promptly to review and update internal procedures following changes to the FIM and/or regulatory requirements, and to address any recommendations raised by auditors.
• Manage fund investor onboarding for new investors and conduct ongoing due diligence for existing investors, including event-driven reviews where required.
• Assess and classify investor accounts as low, medium, or high risk using the agreed risk-based approach and the applicable Fund policy. Follow up promptly and professionally with investors and relevant internal/external stakeholders, ensuring review outcomes are accurately recorded in the AML database and core systems, and that all supporting documentation is retained in line with requirements.
• Under the guidance of the Supervisor/Manager, carry out periodic checks of procedures and controls to confirm compliance with the latest Functional Instruction Manual (FIM) requirements and Luxembourg regulatory standards.
• Act as a key point of contact for audit requests and for responding to client/investor queries, ensuring clear, accurate, and timely communication.

• when triggered by significant changes in an investor’s profile or suspicious activity alerts.

To be successful you will:

• A graduate/ post-graduate diploma or degree in Accounting, Finance and Banking is a must have. Higher qualification not a bar provided aspirations commensurate with the position.

• Certification On AML/KYC risk management. Knowledge of securities industry essential
• At least 7-8 years of Prior experience in Transfer Agency AML KYC services, teams would be preferred, whereas same years on AML KYC function in non Transfer agency business at least is mandatory.
• Working knowledge and prior experience/understanding of regulations such as GDPR, FATCA and CRS, CSSF.
• Demonstration of strong knowledge of TA Operational Transaction Activity for the UK/Europe/Asia industry is desirable.

• Relevant experience in the financial services industry AML and KYC, with proven management experience is essential
• Strong inter-personal and decision making skills and the ability and vision to drive teams forward and lead from the front.

• AML/KYC Risk Management certification.
• CISI – Chartered Institute for Securities and Investment Certifications
• Understanding of Market and Mutual Fund operations desirable

You’ll achieve more at HSBC

Hsbc.com/careers

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.” 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.

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