Enhanced Due Diligence Associate

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 an exciting new direction, we offer opportunities, support and rewards that will take you further.

We’re one of the largest banking and financial services organisations in the world, with a network that covers more than 50 countries and territories. We aim to be where the growth is, enabling businesses to thrive and economies to prosper, and, ultimately, helping people fulfil their hopes and realise their ambitions.

We are currently seeking an experienced professional to join our team in the role of Enhanced Due Diligence Associate.

This is a client facing role to lead completion of enhanced due diligence calls and/or visits for correspondent banks and fintech’s, including money service businesses, third party payment providers and digital asset currencies/cryptocurrencies. The Enhanced Due Diligence team produces comprehensive written reports assessing the customer’s profile from a financial crime risk perspective. In addition, the team is expected to provide advice and support to internal stakeholders as needed. The role requires a deep understanding of client due diligence/aml requirements, the regulatory framework, and HSBC internal policies and procedures relating to these client types. The purpose of the Enhanced Due Diligence reviews is to identify, assess and mitigate the risks associated with clients who pose a higher risk of financial crime.

As an HSBC employee in the UK, you’ll 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:

• Lead client interactions, conduct EDD site visits and/or calls and regular follow up with clients and RM/GRB to understand, challenge, and document risks and issues as identified
• Proactively lead and perform EDD on correspondent banks and fintech's and make appropriate deicsions and recommendations in line with relevant risk appetite statement
• Identify transactional risk such as nesting and high-risk industries exposure through the analysis of the payment activity processed via the accounts the client holds with HSBC
• Draft detailed comprehensive written EDD Reports presenting the risk assessment of the client
• Provide support & guidance to other members of the EDD team, RM/GRB’s, Client Servicing and other internal stakeholders
• Assess and promptly escalate risk concerns identified through the EDD process
• Analyse financial intelligence reports/data including transactional analysis as part of the EDD
• Manage and own book of work understanding business and regulatory driven priorities
• Respond to queries and assist with audit or remediation activity as needed

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

• Experience working with financial crime with good knowledge and understanding of financial crime risks within correspondent banking, Money Services Business, Third Party Payment Processors, Digital Asset Currencies and payments
• Financing knowledge and strong Anti-Bribery & Corruption and/or sanctions control experience from within a large banking organisation, or from a background in consulting, risk management
• Industry qualification (CAMS/ICA) or willingness to study and obtain relevant certification
• Demonstrable understanding of foundational Anti-Money Laundering /Counter Terrorism
• Experience with reading and understanding transactions/transactional data
• Excellent communication with proven track record of delivering exceptional client service and effectively engaging with senior internal and external stakeholders

Opening up a world of opportunity.

Being open to different points of view is important for our business and the communities we serve. At HSBC, we’re dedicated to creating diverse and inclusive workplaces - no matter their gender, ethnicity, disability, religion, sexual orientation, socio-economic background or age. We are committed to removing barriers and ensuring careers at HSBC are inclusive and accessible for everyone to be at their best. We take pride in being a Disability Confident Leader and will offer an interview to people with disabilities, long term conditions or neurodivergent candidates who meet the minimum criteria for the role.

If you have a need that requires accommodations or changes during the recruitment process, please get in touch with our Recruitment Helpdesk via hsbc.recruitment@hsbc.com.