Associate Director BFCR - CIB Business Risk

Job title: Associate Director BFCR - CIB Business Risk

• Corporate & Institutional Banking Business Risk is responsible for the oversight and mitigation of Financial & Non-Financial Risk in the First Line of Defence for Corporate & Institutional Banking.
• The role holder is responsible for providing the assessment, assurance, analytics and governance of CIB management as part of the activities and process within the lines of business.
• The ultimate purpose of the role is financial crime risk assessment and governance across multiple FC typologies and themes covering AML, Sanction, AB&C etc
• We are currently seeking an experienced individual to join Capability office / Regional team in the role of AVP - BFCR Capability Office
• The role holder will provide support to Business Framework leads across multiple aspects of Risk Management Framework (RMF) governance, analytics, changes and adoption. 

Why join us?

CIB Business Risk is responsible for the oversight and mitigation of Financial and Non-Financial Risks in the First Line of Defense. Working with Business areas, the team is responsible for providing specialist risk support on key verticals in

• First Line Controls/office,
• Financial Crime,
• Fraud,
• Resilience,
• Regulatory, Governance and Framework including risk identification and assessment of Business Risks as part of the activities and process within the lines of business

Governance and Committee Memberships (membership of ExCos, Risk Management Meeting)

• Regular contributions to the CIB BFCR Oversight Committee.

In this role, you will:

Principal Accountabilities and Responsibilities (e.g., for Business, Customers and Stakeholders; internal control environment, etc.)

• Manage relationships with stakeholders across a breadth of functions and businesses e.g. Regional BFCR Teams, Global and Regional Sanctions and Non-Sanctions Teams, Global, Regional Reputational Risk, Financial Crime Detection teams and other key FC stakeholders globally.
• Have significant exposure to senior executive management and is an excellent opportunity for a highly motivated individual to position themselves in a key component of HSBC’s regulatory agenda, broadening the role holder’s knowledge of CMB and GB’s global business in addition to working with FC teams specially the Group Sanctions team, Financial Crime Detection team, Fraud teams and the Global AML Team.
• Financial crime risk governance and analytics team will act as a central pivot coordinating with regions and Data Analytics Office, scoping / enhancing requirements, scoping reviews, maintain / further develop CIBs thematic review framework
• The role holder will develop thematic enquiries with stakeholders and then assess data outputs provided by DAO to perform deep dive thematic reviews targeted at specific Customer populations, across financial crime risk typologies or emerging risks covering Anti-money laundering
• Team will perform un-structured, data-led testing and analysis to identify new typologies and clusters of risk within the CIB portfolio.  Across non-financial risk taxonomy, the role holder will seek to pre-emptively spot emerging risk to crystallise or identify control gaps/ risk in order to quickly remediate issues. Findings will be shared across the Business, to inform senior management of emerging issues and to support additional actions such as cultural assessments and / or control enhancements.
• Cross non-financial risk typologies / taxonomy would include financial crime risk (product, sector and Client risk), Fraud risk (cross typologies), Sustainability & Climate risk, Operational risk, including product and sector risk across Commercial and Global Banking businesses and Ops. resilience and information security risk (at user level)
• Facilitating the planning and execution of Business Risk assessment activity and recommending ways to enhance CIB’s ability to recognise and manage Business Risk
• Oversight for the identification of financial crime risk, undertaking all actions necessary to mitigate potential risks via thematic / adhoc reviews
• Contribute to the strengthening of critical thinking by providing SME guidance to frontline colleagues to develop understanding and management of Non-Financial Risk exposure, through ongoing feedback from assessments  
• Support CIB Senior Management on Business Risk management and generally assisting them with the resolution of compliance and operational risk problems in liaison with local risk stewards, FIU and other SMEs
• Provide guidance and support to CIB sites in conjunction with experts across the financial crime divisions, and other offices 
• Contribute to cultivating a strict compliance to Business Risk framework and operational risk culture across CIB
• Collaborate with audit, compliance and Business risk counterparties in CIB sites to achieve objectives on a global level
• Develop and execute detailed thematic testing plans in line with Thematic Review Operating Framework and LoBP.
• Maintain an in-depth understanding of at least 2/ 3 areas of cross risk typologies within CIB Business Risk
• Contribute towards meeting Key Risk Indicators (KRIs) so that the business effectively controls and mitigates risk
• Open working relationship with various working partners coordinating and sharing best practice relating to CIB Business Risk
• The job holder exercises a high degree of autonomy to perform the responsibilities independently. He/she will operate under guidance from the Thematic Review Team to uphold and enhance the quality with which Business Risk is identified and mitigated by CIB FLOD (First Line of Defence)
• Wholesale Name Screening Lead covering name screening for CMB and GBM for Sanctions, AML and Fraud.
• Oversight and work flow improvements for Customer Name Screening (Sanctions and Non-Sanctions) in addition to improving the Actionable Intelligence work flow management with front line teams. 
• The role will have a change element to it. Reviewing the landscape of policy screening requirements across all regions ensuring compliance with Global Sanctions and AML Policies, with a focus on materially reducing false positive hits rates associated with customer name screening.
• Collaborate with internal and external stakeholders, including Regional BFCR Leads, CIB FC, Regional FC, Client Services, Data, and Client lifecycle management, to ensure effective communication and coordination.
• Key contributor to the efficient management of the function’s general operation.
• Support the Regional BFCR Teams and Group Sanctions in the management of Sanctions risk.
• Develop/manage/enhance the function’s control structures/MI and governance constructs.
• Assist in the completing the implementation of the issues enhancements to remediate the known pain points around existing processes.

Leadership & Teamwork 

• Drives effective teamwork across all teams supported
• Contribute to a team environment which is reflective of HSBC Values.
• Role requires ability to robustly stand up to challenges from senior management. Holds individuals accountable, and influence seniors appropriately. 
• Ability to communicate concisely and effectively, providing insight and summaries, using formal structured channels and other less formal mechanisms.
• Actively promotes a positive control culture across the organization

To be successful you will:

Functional Knowledge

• Expert level understanding of risk and controls
• Possess Association of Certified Anti-Money Laundering Specialists (ACAMS), CGSS or International Compliance Association (ICA) ceritfications
• Strong verbal & written communication skills that translates to asking the right questions, understanding the tasks, and communicating ideas and actions clearly.
• Strong stakeholder management & influencing skills: across Lines of Businesses within CIB remit at a global and regional level.
• Good Payments knowledge across a broad set of markets – understanding of GPS products
• Reasonable Analytical skills although we don’t need anything complex here – picking out the themes is more logical and business skills than technical analysis
• Excellent knowledge of HSBC systems and platforms
• Good technical knowledge
• Excellent organisation and communication skills 

Others

• Demonstrate strong knowledge and leadership on financial crime regulatory & compliance matters.
• Ability to work independently, multi-task, filter information and prioritize multiple demands.
• Ability to resolve complex problems whilst adhering to timelines and quality
• Extremely keen eye for detail.
• Organized and logical thinker.

Hsbc.com/careers

You’ll achieve more at HSBC

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.

***Issued By HSBC Electronic Data Processing (India) Private LTD***