Senior Manager - Financial Crime Risk and Controls

Who is HSBC Innovation Banking? 
HSBC Innovation Banking is the power behind the UK’s forward-thinkers, future-makers, and leap-takers, helping them ignite the bold ideas that reshape our world. We offer flexible banking solutions for start-ups, scale-ups, growth businesses, investors and those working towards IPO typically within the technology and life science sectors. 
Whether it’s comprehensive banking, managing cashflow, plans for buyouts or Strategic Fund Solutions, we power ideas at every stage of their journey. From the first-time founders to the funds that back them, and everything in between. We're proud to accelerate growth for our clients, create meaningful connections and communities, and open a world of global opportunity for entrepreneurs and investors alike.  
Here’s to never standing still. Come and join us!

The Role
The HSBC Innovation Banking UK (HINV UK), Financial Crime Risk & Controls (FCRC) team is a First Line of Defense (FLOD) team responsible for identifying, investigating and monitoring relationships that pose a money laundering or terrorist financing risk in support of all legal and regulatory requirements relating to anti-money laundering (AML) and counter terrorism financing.  FCRC also has responsibility for reviewing and assessing Sanctions, Anti-Bribery & Corruption (AB&C), Tax Transparency, Fraud and Reputational Risk considerations for both existing clients and new prospects.

This role is responsible for designing, implementing, and overseeing effective anti-money laundering (AML) and financial crime controls within the First Line of Defense (1LoD). To ensure business activities are conducted in line with regulatory expectations and internal risk appetite, embedding a proactive risk and control culture across client onboarding, transaction monitoring, and ongoing client management.

Responsibilities

• Lead the Financial Crime Risk Management Framework across AML, Sanctions, AB&C, Tax Transparency and Fraud, including RCAs and overall control environment effectiveness
• Serve as the primary AML subject matter expert, providing timely guidance and maintaining awareness of emerging typologies, trends and enforcement actions
• Support the business to identify, assess and mitigate AML/CTF risks across products, clients and geographies
• Provide financial crime risk input to new product approvals, strategic initiatives, and client onboarding, retention and exit decisions
• Design and maintain end-to-end AML control frameworks across the customer lifecycle; monitor effectiveness via KPIs, KRIs and MI, and lead escalation and remediation of material issues
• Line manage Managers and Senior Associates covering Sanctions, AB&C, Tax Transparency and Fraud risk, and oversee Financial Crime Operations; coach teams on risk ownership and accountability.
• Lead the delivery of the Enterprise-wide Risk Assessment (EWRA), ensuring comprehensive identification and assessment of inherent and residual risks across products, clients, channels, and geographies; embedding results into strategic decision making
• Working closely with the Financial Crime Business Risk Manager responsible for the co-ordination and update of RCAs across AML, Sanctions, AB&C, Tax Transparency and Fraud
• Working closely with HINV UK Financial Crime (2LOD) to seek advice on complex global financial crime matters and policy interpretation, serving as a FLOD escalation point of contact for financial crimes activity for HINV UK and provision of advice and guidance to FCRC
• Partnering closely with FLOD business and product areas, the HINV UK Client Lifecycle Management team, and HBUK and global Business Financial Crime Risk teams
• Supporting the wider team who undertake Special Category of Client (SCC) Assessments (including Enhanced Due Diligence and Account Activity Reviews) and Reputational Risk assessments
• Exercise delegated FLOD decision-making authority from the HINV MLRO in line with documented Financial Crime Delegated Authorities
• Support responses to regulatory requests, audits and reviews, translating regulatory change into practical control enhancements
• Deputise for the Head of FCRC as required, including at RRCSC and the Financial Crime Forum, reporting on and developing KPIs/KRIs, risks, issues, trends and mitigating actions
• Produce high-quality MI and senior management reporting, providing clear insights, trends and recommendations to support governance
• Promote a strong risk and compliance culture in the First Line, delivering targeted AML training and awareness aligned to business activities and heightened risks

Requirements and Skills

• Extensive experience in senior Financial Crime risk management roles within the financial services industry including development and monitoring of compliance management processes
• Extensive experience in AML and Financial Crime within banking, fintech, or financial services. Deep understanding of AML frameworks; CDD, EDD, transaction monitoring, sanctions screening
• Demonstrated ability to operate across diverse business units, innovative product sets and a broad array of customer segments
• Proven senior stakeholder management and committee representation as a Financial Crime Subject Matter Expert
• Experience leading and managing teams performing financial crime risk management
• Demonstrates strong knowledge of financial crimes risks and the prevention and mitigation processes and controls
• Advanced knowledge of control frameworks and the ability to design and assess compliance programs and evaluate effectiveness of controls embedded within business processes
• Strong understanding of the compliance and regulatory frameworks that apply to financial institutions regulated by the FCA and PRA in the UK
• ICA or ACAMS qualifications desirable

Skills

• Collaborates through a proactive/constructive dialogue with senior management, peer leaders, clients, committees and regulators.
• Risk-based decision making
• Leadership and management skills; ability to recruit, retain, mentor and develop talent.
• Confidence and judgement to express well-reasoned opinions, constructively challenge the status quo, and think critically

Where you’ll be based: Our home office in Finsbury Square, London. We offer hybrid working to our employees, so you can flex between home and the office, with a current requirement to be in the office 2 days per week.

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.